The 1964 Kennedy Half Dollar holds a special place in numismatic history and among coin collectors. Introduced shortly after President John F. Kennedy’s assassination, this coin carries significant historical and monetary value.
Several factors contribute to its desirability, including its composition, historical context, and unique variations.
Historical Significance
Following the tragic assassination of President John F. Kennedy in November 1963, there was a strong national desire to honor his legacy. The U.S. Mint responded promptly by introducing the Kennedy Half Dollar in 1964, replacing the Franklin Half Dollar.
This swift action, just months after the president’s death, reflects the nation’s deep respect and mourning.
Silver Content and Composition
The 1964 Kennedy Half Dollar is notable for its 90% silver composition, a characteristic it shares with earlier U.S. half dollars. Each coin contains approximately 0.3617 troy ounces of pure silver, weighing 12.50 grams in total. This high silver content not only adds intrinsic value but also makes the coin appealing to both collectors and investors.
In subsequent years, the silver content of half dollars was reduced. From 1965 to 1970, the coins were minted with 40% silver, and post-1970, silver was eliminated entirely from the composition.
Thus, the 1964 issue stands out as the last regular-issue half dollar struck in 90% silver, enhancing its allure.
Mintage and Availability
Despite its popularity, the 1964 Kennedy Half Dollar had a substantial mintage:
- Philadelphia Mint: 277,254,766 coins
- Denver Mint: 156,205,446 coins
This combined total exceeds 430 million coins. However, many were hoarded by the public, and over the years, numerous coins have been melted down for their silver content, reducing the number available to collectors today.
Key Variations and Their Values
While many 1964 Kennedy Half Dollars are common, certain variations and conditions can significantly impact their value:
- Accented Hair Variety: Early proof coins from the Philadelphia Mint feature a distinct hairline above Kennedy’s ear, known as the “Accented Hair” variety. These proofs are scarcer and can fetch higher prices among collectors.
- High-Grade Specimens: Coins in exceptional condition, especially those graded MS68 (Mint State 68) or higher, are rare. In May 2024, a 1964 Kennedy Half Dollar graded MS68 sold for $57,600 at auction, highlighting the premium placed on top-grade examples.
- Special Mint Sets (SMS): Some 1964 coins were part of Special Mint Sets, characterized by a unique satin finish. These sets are rare and highly valued, with certain pieces reaching significant sums at auctions.
Current Market Value
As of February 2025, the value of a 1964 Kennedy Half Dollar largely depends on its condition and specific characteristics:
- Circulated Condition: Generally worth between $11.50 and $12.75, closely tied to the prevailing silver market price.
- Uncirculated Condition: Coins that have not been in circulation can command higher prices, especially those with pristine luster and no wear.
- Proof and Special Varieties: Coins with unique features, such as the “Accented Hair” variety or those from Special Mint Sets, can significantly exceed standard values, depending on their rarity and demand.
It’s essential to note that silver prices fluctuate, influencing the coin’s intrinsic value. Additionally, coins with historical significance or unique features often carry a premium beyond their metal content.
Summary Table
| Variation | Description | Approximate Value (as of Feb 2025) |
|---|---|---|
| Standard Circulated | Regular wear from circulation | $11.50 – $12.75 |
| Uncirculated (MS65-MS67) | No signs of wear, sharp details | Varies; higher grades fetch more |
| Accented Hair Proof | Distinct hairline above ear in proof coins | Premium over standard proofs |
| High-Grade (MS68) | Exceptional condition, rare | Up to $57,600 |
| Special Mint Set (SMS) | Unique satin finish, limited production | Significant premium |
Conclusion
The 1964 Kennedy Half Dollar remains a cherished piece for collectors and investors alike. Its rich historical background, high silver content, and unique variations contribute to its enduring appeal.
Whether you’re a seasoned numismatist or a novice collector, this coin offers a tangible connection to a pivotal moment in American history and a valuable addition to any collection.
Frequently Asked Questions (FAQs)
1. Why is the 1964 Kennedy Half Dollar special?
The 1964 Kennedy Half Dollar was minted to honor President John F. Kennedy following his assassination. It’s the only year the coin was struck in 90% silver for general circulation, adding to its significance.
2. What is the “Accented Hair” variety?
The “Accented Hair” refers to a specific proof variety of the 1964 Kennedy Half Dollar, featuring a distinct hairline above Kennedy’s ear. These coins are scarcer and often more valuable to collectors.
3. How much silver is in a 1964 Kennedy Half Dollar?
Each 1964 Kennedy Half Dollar contains approximately 0.3617 troy ounces of pure silver, making it desirable for both its numismatic and intrinsic silver value.
4. How can I determine the value of my 1964 Kennedy Half Dollar?
The value depends on factors like condition, mint mark, and specific varieties.