Mixed-valence phenomena occurring in the "black" ͑B͒ and "gold" ͑G͒ phases of Sm 1−x Y x S have been studied by x-ray diffraction, x-ray absorption spectroscopy, and inelastic neutron scattering. Lattice-constant and phonon-dispersion results confirm that the valence instability occurs already inside the B phase. On the other hand, pronounced temperature anomalies in the thermal expansion ␣͑T͒, as well as in the Sm meansquare displacements, denote the onset of the B-G transition for the compositions x = 0.33 and 0.45. It is argued that these anomalies primarily denote an effect of electron-phonon coupling. The magnetic spectral response, measured on both powder and single crystals, is dominated by the Sm 2+ spin-orbit component close to 36 meV. A strongly overdamped Sm 3+ contribution appears only for x Ն 0.33 near room temperature. The quasielastic signal is strongly suppressed below 70 K, reflecting the formation of the singlet mixed-valence ground state. Quite remarkably, the signal around 36 meV is found, from the single-crystal spectra, to arise from two distinct, dispersive, interacting branches. The lower peak, confirmed to exist from x = 0.17 to x = 0.33 at least, is tentatively ascribed to an excitation specific to the mixed-valence regime, reminiscent of the "exciton" peak reported previously for SmB 6 .