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Retail for a 1966 SMS is only $3.25 in MS-63 & $5.80 in MS-65

-This value is not a good determination for the current value, as prices of the intrinsic value of the silver content changes by the minute in correspondence to the current market value for silver. In order to determine the Bullion value of any coin containing precious metals. You must first find the ASW (Actual Silver Weight) or GSW, PSW respectively for Gold and Platinum.

Take this value & multiply it by the current market value for placed on the metal in question.

For example: 1966 SMS ASW 0.1479oz (Troy Ounces is the s4.768296ystem for measurement of Precious metals used in stock prices & in coin books.)

NOTE: when selling to a shop & the coin is weighed to determine the value of the precious metal contents of a coin or collection of coins, be sure the weight is representative of a troy ounce (1 oz. {troy ounce} = 31.1034768 g. {grams})verses a standard ounce (1 oz. {Avoirdupois "common" ounce} = 28.3495231 g.)

Using the example above with the current stock price of Silver as determined by Kitco.com of $32.240 (per troy ounce)

32.240 x 0.1479 = 4.768296 or $4.77 based only on the bullion or silver value of the coin.

When selling for melt value, often buyers will say they suffer a loss if they buy at market value due to their costs related to melting or refining process, be sure to consider the numismatic value potential of the coin as many coins carry a higher premium based on the condition of the coin. A buyer usually does incur costs related to purchasing & reselling or processing coins, so a 10%-15% reduction from the asking price is common. I usually factor this into my asking prices by multiplying the value by 0.90 (-10%) or by 0.85 (-15%). Example:

4.77 x 0.875 = 4.17375 or $4.17 this is factoring 13.5% off of the value.

Useful free resources can be found at any book store where you can sit and read products (Borders, etc...) Looking through the "Blue Book" Coin Values to find out selling prices (may not reflect the actual current market value but will give a good example of what to expect) or the "Red Book" for retail values what it will be sold for in commercial settings or what you can expect to pay to buy)

In the same respect so too, does the numismatic value (the value placed on a coin on the basis of its value as a collectable) for the 1966 Kennedy SMS (Special Mint Set), as buyer and collector interest varies from buyer to buyer, market trends and interests change; also there is the condition of the coin itself, the state of preservation has or "coin grade". Coin grades are always subjective, unless they are done by a professional grading service and verifiable through such service-keep this information in mind, particularly when considering selling to a seasoned collector/buyer (especially Coin Shops or Professional Coin Buyers). Often a buyer or seller may attempt to use "their opinion" of the coins grade as leverage, either to increase their selling price or to lower their purchase price

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