The 1964 Kennedy Half Dollar is more than just a coin; it’s a piece of American history. Introduced shortly after the tragic assassination of President John F. Kennedy, this half-dollar was designed to honor his legacy. While millions were minted, some rare variations and high-grade examples have become valuable collector’s items. In fact, one particularly rare 1964 Kennedy Half Dollar sold for $156,000 at auction.
So, what makes certain 1964 Kennedy Half Dollars worth thousands of dollars? Let’s look into the factors that influence their value and how you can identify a rare and valuable coin.
History
The Kennedy Half Dollar was first struck in January 1964, just months after President Kennedy’s assassination in November 1963. It was initially produced in 90% silver, making it one of the last U.S. coins to have such a high silver content.
The coin’s design, created by Gilroy Roberts (obverse) and Frank Gasparro (reverse), features Kennedy’s profile on the front and a heraldic eagle with a shield on the back. The coin was immensely popular, with people hoarding them as keepsakes rather than spending them. This led to a widespread shortage of the coin soon after its release.
Despite being widely minted, not all 1964 Kennedy Half Dollars are equal. Some rare variations and pristine-condition coins can be worth far more than their silver content.
Why Some Are Worth Thousands
One of the rarest 1964 Kennedy Half Dollars is the Special Mint Set (SMS) variety. These coins were not intended for circulation but were part of a limited run meant for collectors. What makes them unique is their satin-like matte finish, which distinguishes them from regular proof and circulation strikes.
Only a handful of 1964 SMS Kennedy Half Dollars are known to exist, making them extremely valuable. In 2019, one of these coins, graded SP68, sold for a staggering $156,000 at auction.
Accented Hair Variety
Early versions of the 1964 Kennedy Half Dollar featured a more detailed hair design above Kennedy’s ear. However, this design was altered after Jacqueline Kennedy, the late president’s widow, reportedly requested a change. The revised version had a smoother hairline, making the original “Accented Hair” variety rare.
This variety is most commonly found in proof sets, and high-grade examples can fetch thousands of dollars at auctions.
High-Grade Coins
Coin collectors prize coins in excellent condition. Coins are graded on a scale from 1 to 70, with 70 being a perfect specimen.
- A 1964 Kennedy Half Dollar graded PR70 sold for $9,400 in 2013.
- MS68-graded examples can also sell for thousands due to their rarity in such pristine condition.
If you have a 1964 Kennedy Half Dollar that appears uncirculated or near-perfect, it may be worth getting it professionally graded.
Silver Content
Because the 1964 Kennedy Half Dollar contains 90% silver, its value fluctuates with the price of silver. Even common examples hold intrinsic value due to their metal content. If silver prices rise, so does the coin’s melt value.
How to Spot
If you’re lucky enough to have a 1964 Kennedy Half Dollar, here’s how you can determine whether it’s a rare and valuable variety:
- Check for Mint Marks: Most were minted in Philadelphia (no mint mark), but Denver-minted coins (marked “D”) are also common. Special Mint Set (SMS) coins and proof coins often come from the San Francisco Mint.
- Look for the Accented Hair Detail: This early proof variety features more detailed hair above Kennedy’s ear.
- Examine the Coin’s Finish: SMS coins have a distinctive matte finish, unlike standard shiny proof or business strikes.
- Get It Graded: A professional grading service such as PCGS or NGC can certify the coin’s authenticity and grade, which significantly impacts its value.
Investment Potential
The 1964 Kennedy Half Dollar holds value both as a collectible and as an investment. The coin’s silver content provides a hedge against inflation, while rare varieties have seen significant appreciation over time. Collectors and investors alike seek high-grade examples and unique variations to add to their portfolios.
Buying and Selling Tips
If you’re interested in buying or selling a rare 1964 Kennedy Half Dollar, here are some key options:
- Coin Dealers: Reputable dealers can help you find rare coins or sell your own at fair market value.
- Online Marketplaces: Platforms like eBay and Heritage Auctions regularly feature rare coins for bidding.
- Coin Shows and Conventions: Attending numismatic events can provide access to knowledgeable buyers and sellers.
- Professional Grading Services: Before selling, consider getting the coin graded to maximize its value.
Whether you’re a collector or just inherited a few old coins, knowing the value of your 1964 Kennedy Half Dollar can make a big difference. While most are worth only their silver content, rare varieties can command thousands of dollars in the right market. Keep an eye out for these special versions—you might just have a hidden treasure in your collection.
FAQs
How much is a 1964 Kennedy Half Dollar worth?
Common versions are worth their silver content, but rare varieties can sell for thousands.
What makes the 1964 Kennedy Half Dollar rare?
Special Mint Set (SMS) coins, Accented Hair proofs, and high-grade examples are rare.
How can I tell if I have an Accented Hair Kennedy Half Dollar?
Look for a more detailed hair design above Kennedy’s ear, mostly in proof coins.
Where can I sell a rare Kennedy Half Dollar?
Coin dealers, online marketplaces, and auction houses are good options.
Should I get my Kennedy Half Dollar graded?
Yes, professional grading can verify authenticity and increase its market value.
