The Kennedy Half Dollar has been a symbol of American history, art, and currency since its introduction in 1964, following the tragic assassination of President John F. Kennedy. Over the years, this coin has captured the attention of numismatists (coin collectors) and casual collectors alike, with certain editions becoming highly coveted. Whether you’re a seasoned collector or someone new to coin collecting, understanding the most sought-after Kennedy Half Dollars can add value to your collection. This guide delves into the history, rarity, and desirability of these coins.
The History of the Kennedy Half Dollar
The Kennedy Half Dollar was created as a tribute to President Kennedy after his assassination on November 22, 1963. In less than a month after his death, Congress passed legislation to change the design of the half dollar from the Benjamin Franklin motif to one featuring Kennedy’s likeness. The coin was fast-tracked into production and was released to the public in March 1964.
Designed by Chief Engraver Gilroy Roberts and Assistant Engraver Frank Gasparro, the obverse (front) of the coin features a profile of Kennedy, while the reverse (back) shows the presidential seal, an eagle clutching an olive branch and arrows. This striking design, combined with the emotional connection to JFK, made the coin an immediate hit.
Why Collect the Kennedy Half Dollar?
For many collectors, Kennedy Half Dollars hold sentimental value, serving as a piece of American history. Additionally, certain editions and errors have become incredibly valuable, making these coins a must-have for investors as well.
But what makes certain Kennedy Half Dollars more coveted than others? Let’s dive into the most sought-after varieties.
The Most Coveted Kennedy Half Dollars
1. 1964 Kennedy Half Dollar (90% Silver)
The 1964 Kennedy Half Dollar is the original edition and remains one of the most popular among collectors. This coin was made from 90% silver, making it not only a piece of history but also valuable for its silver content. The mintage in 1964 was huge due to the public’s demand for a memorial to President Kennedy, but despite this high production, these coins are still sought after, especially in uncirculated condition or with a high grade from a coin grading service.
Why it’s coveted: The combination of being the first year of production and its high silver content makes this coin highly desirable.
2. 1964 SMS (Special Mint Set) Kennedy Half Dollar
The 1964 SMS Kennedy Half Dollar is a rare variety produced in limited numbers. Special Mint Sets were not supposed to be produced in 1964, but a few sets made it out of the mint under unknown circumstances. These coins feature a unique matte-like finish and are incredibly rare, with fewer than 20 known to exist. Prices for this variety can easily reach into the tens of thousands of dollars.
Why it’s coveted: Extreme rarity, with only a handful known to exist.
3. 1970-D Kennedy Half Dollar (40% Silver)
The 1970-D Kennedy Half Dollar was the last regular-issue coin struck in 40% silver. It was produced only for mint sets and was not released for general circulation. As a result, it’s relatively rare compared to other Kennedy Half Dollars. Collectors often seek out this coin due to its unique status as the last of the silver half dollars.
Why it’s coveted: Its limited availability and status as the final silver Kennedy Half Dollar.
4. 1998-S Kennedy Half Dollar Matte Finish
In 1998, the U.S. Mint produced a special matte finish Kennedy Half Dollar as part of a two-coin set honoring Robert F. Kennedy. With a limited mintage of just over 62,000 coins, this edition has become highly sought after. The matte finish gives the coin a distinct appearance, different from the glossy coins produced for circulation.
Why it’s coveted: Limited mintage and unique finish.
5. 1975-1976 Bicentennial Kennedy Half Dollar (No Mint Mark)
The Bicentennial Kennedy Half Dollar, minted to celebrate the 200th anniversary of the United States, features a unique reverse design showcasing Independence Hall. These coins were produced in 1975 and 1976, but none bear the date “1975,” making this edition even more interesting for collectors. While not all Bicentennial half dollars are valuable, some rare error coins, such as those without a mint mark or with a doubled die, are highly coveted.
Why it’s coveted: Unique design and rare error varieties.
6. 1966 SMS Kennedy Half Dollar with Full Cameo
The 1966 Special Mint Set (SMS) Kennedy Half Dollar with a full cameo finish is another highly prized coin. These coins have a frosted appearance on the raised designs and a mirror-like background. While regular SMS coins are not uncommon, the ones with a full cameo finish are much rarer and can fetch high prices at auction.
Why it’s coveted: Rare cameo finish and its striking appearance.
7. 1987-P and 1987-D Kennedy Half Dollars
The 1987 Kennedy Half Dollars were only issued in mint sets, making them rarer than other editions from the same era. Although these coins don’t contain silver, their scarcity in circulation makes them a key date for collectors looking to complete a set.
Why it’s coveted: Scarcity in circulation and their appeal to set collectors.
Tips for Collecting Kennedy Half Dollars
- Know the Mint Marks: Kennedy Half Dollars were minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). Certain mint marks are more valuable than others, particularly coins from San Francisco that were struck for collectors.
- Check for Errors: Some of the most valuable Kennedy Half Dollars are those with minting errors, such as doubled dies, missing mint marks, or off-center strikes. Always inspect your coins carefully.
- Grade Matters: The condition of your coin greatly affects its value. Higher-grade coins, particularly those in uncirculated condition, are much more desirable to collectors.
- Consider Silver Content: Kennedy Half Dollars minted between 1964 and 1970 contain silver, which adds to their intrinsic value. Keep an eye out for these coins, as they are always in demand.
- Store Properly: To maintain the value of your coins, make sure to store them in a cool, dry place, away from direct sunlight and moisture. Use protective coin holders or albums to prevent damage.
FAQs
1. What is the most valuable Kennedy Half Dollar?
The 1964 SMS Kennedy Half Dollar is one of the rarest and most valuable, with only a few examples known to exist. Other valuable editions include the 1970-D (40% silver) and the 1998-S Matte Finish Kennedy Half Dollar.
2. How can I tell if my Kennedy Half Dollar is silver?
Kennedy Half Dollars minted in 1964 are 90% silver, while those minted between 1965 and 1970 contain 40% silver. Coins from later years do not contain silver, with the exception of certain commemorative editions.
3. What should I look for in a collectible Kennedy Half Dollar?
Look for key dates, mint marks, and any minting errors. Additionally, the condition of the coin and its silver content are crucial factors in determining its value.
4. Where can I sell my Kennedy Half Dollars?
You can sell Kennedy Half Dollars at coin shops, auctions, or through online platforms like eBay. For high-value coins, consider having them graded by a professional service like PCGS or NGC.
5. Are Kennedy Half Dollars still being produced?
Yes, Kennedy Half Dollars are still being minted today, although they are no longer produced for general circulation. They are primarily made for collectors and are available in mint and proof sets.
By understanding the most coveted Kennedy Half Dollars, you can enhance your collection and potentially invest in a piece of American history. Whether you’re after rare editions, error coins, or those with significant silver content, the Kennedy Half Dollar remains a favorite among coin enthusiasts.
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