The Kennedy Half Dollar is a cornerstone of U.S. numismatic history, celebrated for its connection to President John F. Kennedy and its iconic design. First minted in 1964 following Kennedy’s assassination, these coins have become popular among collectors for their historical significance, silver content, and the allure of unique varieties and mint errors.
History of the Kennedy Half Dollar
The coin was proposed shortly after President Kennedy’s assassination on November 22, 1963, as a tribute to his legacy. While several denominations were considered, Jacqueline Kennedy preferred the half dollar, ensuring it wouldn’t displace another President. Consequently, the Kennedy Half Dollar replaced the Franklin Half Dollar, which had honored Benjamin Franklin since 1948.
The U.S. Mint introduced the coin in 1964 with a composition of 90% silver and 10% copper. Due to silver price increases and hoarding, the silver content was reduced to 40% in 1965 and eliminated entirely in 1971, marking a transition to a copper-nickel clad composition.
Composition and Minting Changes
| Year | Composition | Notable Changes |
|---|---|---|
| 1964 | 90% Silver, 10% Copper | First year of issue, high silver value. |
| 1965-1970 | 40% Silver, 60% Copper | Reduced silver content to curb hoarding. |
| 1971-Present | Copper-Nickel Clad | Transition to fiat currency system, no silver. |
The 90% silver coins from 1964 remain especially prized, serving as both collectibles and a hedge against inflation.
Top 10 Most Valuable Kennedy Half Dollars
Several Kennedy Half Dollar coins have fetched extraordinary prices at auctions due to their rarity, condition, and historical significance. Below are the most notable examples:
1. 1964 SMS Kennedy Half Dollar, SP68
- Value: $156,000
- Details: A special mint strike with a velvety texture, sold in 2019.
2. 1964 SMS Kennedy Half Dollar, SP67
- Value: $108,000
- Details: Among the rarest Kennedy coins, with origins surrounded by mystery. Sold in 2019.
3. 1964 Accented Hair Proof, PR69
- Value: $45,600
- Details: Recognizable by distinct hair details and a serif defect on the “I” in LIBERTY. Sold in 2022.
4. 1967 SMS MS69 Ultra Cameo
- Value: $31,200
- Details: From a Special Mint Set, featuring remarkable contrast and clarity. Sold in 2019.
5. 1964-D “Richard Green Collection” Pedigree
- Value: $22,325
- Details: A top-grade example, sold in 2016.
6. 1968-S Proof, PR70 Deep Cameo
- Value: $21,600
- Details: Rare perfection in proof condition. Sold in 2016.
7. 1966 SMS MS68 Deep Cameo
- Value: $16,450
- Details: Exhibits proof-like qualities. Sold in 2016.
8. 1966 SMS, SP68
- Value: $15,000
- Details: Known for its exceptional quality. Sold in 2019.
9. 1971-D Error Coin on Silver Planchet
![WTS] 1971-D Kennedy Half on a Silver Planchet error coin - Coin Marketplace - NGC Coin Collectors Chat Boards](https://media.invisioncic.com/r266626/monthly_2022_10/1780865529_1974KennedyHalfDollar.jpg.19e2c09870b6bcb53149d1ffedd907d1.jpg)
- Value: $13,000
- Details: A mint error coin struck on a 40% silver planchet. Sold in 2018.
10. 1965 SMS, MS67 Deep Cameo
- Value: $12,650
- Details: One of only eight certified pieces. Sold in 2008.
The Role of Coin Grading Services
Professional coin grading services like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) are critical in determining a coin’s value. These organizations assess coins based on wear, luster, strike quality, and preservation. They also provide encapsulation and certification, which enhances a coin’s marketability and trustworthiness.
Collecting Kennedy Half Dollars
Factors influencing a Kennedy Half Dollar’s value include:
- Condition: Uncirculated and high-grade specimens fetch premium prices.
- Rarity: Unique varieties like the “Accented Hair” or error coins command attention.
- Silver Content: Coins minted before 1971, especially the 1964 90% silver version, are prized for their bullion value.
FAQs About Kennedy Half Dollars
Which Kennedy Half Dollar Is the Most Valuable?
The 1964 SMS SP68 coin, sold for $156,000 in 2019, holds the record for the most valuable Kennedy Half Dollar.
What Is the Value of the Bicentennial (1776-1976) Kennedy Half Dollar?
Depending on condition and variety, Bicentennial coins range from $24 to over $10,000.
Why Are 1964 Kennedy Half Dollars So Coveted?
They are the first-year issue, made of 90% silver, and released after President Kennedy’s assassination, giving them immense historical and monetary value.
Are 1971 Kennedy Half Dollars Valuable?
Generally, these are common, but uncirculated coins or mint errors like the 1971-D Silver Planchet error can fetch thousands.
What’s the Current Value of Kennedy Silver Half Dollars?
Prices vary based on condition. Examples include:
1964 SP68: $156,000 (sold in 2019).
1967 SMS MS69: $31,200 (sold in 2019).
