The 1964 Kennedy Half Dollar is distinguished in numismatic history by its scarcity and historical significance.
This coin, which was introduced shortly after the assassination of President John F. Kennedy, not only serves as a tribute to the late president but also signifies the conclusion of an era in U.S. coinage due to its high silver content.
This article explores the numerous factors that contribute to the rarity and value of the 1964 Kennedy Half Dollar.
Historical Context and Production
Following the assassination of President John F. Kennedy in 1963, the 1964 Kennedy Half Dollar was minted as a tribute to him. The coin’s rapid design and production were unprecedented, with the initial coins being minted within weeks of the event.
In 1964, the Philadelphia and Denver mints produced more than 429 million coins, which was one of the most widely distributed and rapidly produced commemorative coins of its era.
Material Composition and Design
The coin was the final U.S. half dollar to contain a large percentage of silver, at 90%. This factor alone considerably contributes to its value, particularly among collectors who are interested in silver content.
The bust of Kennedy, which has become emblematic, is the centerpiece of the design, which was created by Gilroy Roberts and Frank Gasparro.
Mintage and Varieties
The 1964 Kennedy Half Dollar was produced in a total mintage of 273,304,004 coins from the Philadelphia mint and 156,205,446 coins from the Denver mint.
It is important to note that there are numerous collectible varieties, such as the highly sought-after Accented Hair proof, which was altered in response to Jacqueline Kennedy’s request to reduce the prominence of Kennedy’s hair.
Factors Influencing Rarity and Value
The rarity and market value of these coins are influenced by a variety of factors:
- Condition and Grading: Uncirculated coins, particularly those rated MS-67 and higher, can be sold for thousands of dollars. The 1964-D coin was sold for $26,500 with the highest-known grade, MS-68.
- Varieties: The Double Die Obverse and Accented Hair are particularly uncommon and highly sought after.
- Silver Content: The substantial silver content is a draw for both silver investors and coin collectors.
Valuation Table
Here’s a brief overview of how condition affects the value of the 1964 Kennedy Half Dollar:
| Grade | Value Range |
|---|---|
| MS-60 | $16 – $17 |
| MS-63 | $24 – $26 |
| MS-65 | $52 – $75 |
| MS-67 | $575 – $2,500 |
| MS-68 | Up to $26,500 |
Conclusion
The 1964 Kennedy Half Dollar remains a cherished piece among collectors due to its rich history, beautiful design, and rarity.
Understanding the nuances of its varieties and factors affecting its value can greatly enhance both the appreciation and financial return for collectors.
FAQs
1. What makes the 1964 Kennedy Half Dollar unique?
It was minted in memory of JFK and is the last 90% silver half dollar issued for circulation.
2. How can I identify rare varieties of the 1964 Kennedy Half Dollar?
Look for features like Accented Hair and Double Die Obverse, and consider professional grading.
3. What is the highest value ever fetched by a 1964 Kennedy Half Dollar?
A 1964-D coin graded MS-68 sold for $26,500 at auction.
4. Why are some 1964 Kennedy Half Dollars more valuable than others?
Varieties, condition, and historical significance play significant roles.
5. Where can I sell my 1964 Kennedy Half Dollar?
Reputable coin dealers, auctions, and collector shows are good places to start.
