The 1964 Kennedy Half Dollar holds a special place in American numismatic history, not only for its tribute to President John F. Kennedy but also for its potential high value among collectors.
While most of these coins are valued for their silver content, certain rare variants have fetched staggering sums at auctions, with some reaching up to $500,000.
The Genesis of the 1964 Kennedy Half Dollar
Following the tragic assassination of President Kennedy in November 1963, the U.S. Mint swiftly moved to honor him by featuring his likeness on the half dollar.
Designed by Chief Engraver Gilroy Roberts (obverse) and Assistant Engraver Frank Gasparro (reverse), the coin was rapidly approved and entered production in early 1964. Its composition of 90% silver and 10% copper made it particularly desirable.
Key Specifications
- Composition: 90% silver, 10% copper
- Weight: 12.5 grams
- Diameter: 30.6 mm
- Edge: Reeded
Rarity and High-Value Variants
While millions of 1964 Kennedy Half Dollars were minted, certain rare variants and conditions have made specific coins exceptionally valuable:
- 1964 Special Mint Set (SMS) Specimens: These coins exhibit a unique satin finish and sharp details, distinguishing them from regular issues. Their exact origin remains a mystery, adding to their allure. In 2019, a 1964 SMS Kennedy Half Dollar graded SP68 sold for $156,000 at a Stack’s Bowers auction.
- Accented Hair Proofs: Early proof versions featured more pronounced hair above Kennedy’s ear. Due to Jacqueline Kennedy’s request for a modification, this design was short-lived, making these proofs rare. High-grade examples can command significant premiums.
- High-Grade Mint State Coins: Coins graded MS67 and above are scarce. For instance, a 1964-D Kennedy Half Dollar in MS68 condition sold for $22,325 in 2016.
Factors Influencing Value
Several elements contribute to the high valuation of certain 1964 Kennedy Half Dollars:
- Condition (Grade): Coins in pristine, uncirculated condition with high grades from reputable grading services are more valuable.
- Rarity: Limited mintage variants or those with unique features (like the SMS or Accented Hair proofs) are highly sought after.
- Historical Significance: As the first year of issue and commemorating a beloved president, these coins hold sentimental value.
- Silver Content: The 90% silver composition provides intrinsic value, though numismatic value often surpasses this.
Notable Auction Sales
Here’s a table highlighting some significant auction results for the 1964 Kennedy Half Dollar:
| Coin Type | Grade | Sale Price | Auction Year | Notes |
|---|---|---|---|---|
| 1964 SMS Kennedy Half-Dollar | SP68 | $156,000 | 2019 | Ultra-rare SMS version |
| 1964-D Kennedy Half-Dollar | MS68 | $22,325 | 2016 | High-grade Denver mint example |
| 1964 Kennedy Half-Dollar | MS67+ | $3,840 | 2021 | Noted for rainbow toning on the obverse |
| 1964 Kennedy Half-Dollar | MS67+ | $3,360 | 2020 | Unique toning patterns |
Identifying Valuable 1964 Kennedy Half Dollars
To determine if you possess a valuable 1964 Kennedy Half Dollar:
- Examine the Hair Detail: Look for the Accented Hair design, characterized by more pronounced hair above the ear.
- Assess the Coin’s Finish: SMS specimens have a distinct satin finish with sharp details.
- Check for Mint Marks: The presence of a “D” mint mark indicates Denver minting; absence suggests Philadelphia.
- Evaluate Condition: Coins without wear, scratches, or contact marks are more valuable.
The 1964 Kennedy Half Dollar is more than just a piece of currency; it’s a tangible connection to a pivotal moment in American history.
While many of these coins are valued for their silver content, rare variants like the SMS and Accented Hair proofs can command substantial sums, with some reaching up to $500,000.
Collectors and enthusiasts should carefully examine their coins, as hidden treasures might be waiting to be discovered.
FAQs
How can I authenticate a 1964 SMS Kennedy Half Dollar?
SMS coins have a unique satin finish, sharp details, and lack the mirror-like surface of regular proofs. Consulting a professional grading service is recommended for authentication.
Are all 1964 Kennedy Half Dollars made of silver?
Yes, all 1964 Kennedy Half Dollars were composed of 90% silver and 10% copper.
What is the difference between the Accented Hair and regular proof versions?
The Accented Hair variety features more pronounced hair above Kennedy’s ear and a missing serif on the “I” in “LIBERTY,” distinguishing it from the regular proof.
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