S/N 111721 was built Sept/Oct 1965, so definitely for the 1966 model year and to 1965 650SS spec which was the only 650 version built at this time (the 650 standard model had been axed two years before).
Thus, normal stamping would be "18 SS / 111721". Is rest of the engine conform to a 1965 650SS ?
Assuming S/N 111721 is correct and genuine, the deviant stamping suggest the engine has been rebuilt with a new set of crankcases, maybe in 1968/69 when the Mercury was made.
Of course, the stamping could be an amateur's attempt to re-stamp an engine in order to match the frame number available. I have seen many examples of this. Often, the stamp's font style or remnants of the old stamping reveals the forgery.
In this case, you need to look for other details at the engine to identify year of manufacture.
- Knut