Kennedy Half Dollars: Their Value and Collectibility
The Kennedy half dollar was first minted in 1964. It replaced the Franklin half dollar shortly after President John F. Kennedy’s assassination. The coin features Kennedy’s profile on the obverse and the presidential coat of arms on the reverse. They are 30.6 mm in diameter and weigh 12.5 grams. From 1964, they became highly popular among collectors and the general public alike.
Understanding Mint Years and Materials
The 1964 Kennedy half dollars are composed of 90% silver and 10% copper. They were struck in both the Philadelphia and Denver mints. Due to their high silver content, these coins are inherently valuable. In 1965, the U.S. Mint reduced the silver content to 40%. This change lasted until 1970. From 1971 onwards, these coins contained no silver, being made of copper and nickel instead.
The silver content makes 1964–1970 coins particularly sought after by collectors. Their intrinsic metal value is significant, especially when silver prices rise. A 1964 Kennedy half dollar contains approximately 0.3617 troy ounces of silver. Meanwhile, coins minted from 1965 to 1970 contain about 0.1479 troy ounces.
Circulated vs. Uncirculated Coins
Condition plays a key role in the value of any coin. Circulated coins usually show wear and are less valuable than those in mint condition. Uncirculated coins or those sealed by the mint in their original packaging often command higher prices. Proof coins are another category, typically known for being more polished and reflective.
Proof coins are usually not made for circulation. Instead, they are struck specially for collectors. The U.S. Mint began including Kennedy half dollars in proof sets starting in 1964. These proof coins often remain highly desirable.
Identifying Rare Varieties
Some Kennedy half dollars are more valuable due to specific mint errors or limited production varieties. The 1964 proof Kennedy half dollars with the Accented Hair variety are noteworthy. This variety features distinct hair detailing on Kennedy’s profile.
Another rare find is the 1970-D Kennedy half dollar. It’s the last year for silver content and was only released in mint sets rather than for circulation, making it less common.
Modern Issues and Commemorative Coins
Since 2002, the U.S. Mint has not released Kennedy half dollars for general circulation. However, they are still produced and sold directly to collectors. This change increased interest among numismatists.
In 2014, the U.S. Mint issued a special 50th-anniversary Kennedy half dollar. It featured both standard and enhanced designs, using a variety of materials such as gold, silver, and copper-nickel. These commemorative coins often attract collectors due to their limited minting and unique features.
Market Value and Collectibility
It’s crucial to understand the distinction between numismatic value and bullion value. Numismatic value refers to the collectible worth of the coin, often influenced by rarity and historical significance. Bullion value pertains to precious metal content. For many Kennedy half dollars, especially the silver editions, both values can be significant.
While most Kennedy half dollars minted after 1970 hold minimal bullion value due to lacking silver content, certain key dates and varieties still demand higher prices on the collector’s market. The sentiment attached to the Kennedy name also plays a role in their collectibility.
Where to Purchase and Sell
Collectors can find Kennedy half dollars at coin shows, auctions, and reputable coin dealers. Online marketplaces also provide a platform, but buyers should beware of counterfeits or misleading listings. Selling coins can be done through the same channels. It’s wise to authenticate and grade coins professionally to ensure fair value is obtained.
Storage and Preservation Tips
Proper storage is essential for maintaining a coin’s condition. Kennedy half dollars should be kept away from direct sunlight, moisture, and environmental contaminants. Using acid-free coin albums or holders can protect the coins effectively. Avoid cleaning them, as this often reduces their value.
Understanding the basic dynamics of market trends and silver prices can also help collectors make informed decisions. Engagement with local coin clubs or online numismatic communities often provides deeper insights and shared experiences.
Conclusion
Understanding Kennedy half dollars involves recognizing their historical context, minting details, and value dynamics. Collectors appreciate them for both their connection to a pivotal moment in American history and their unique properties. Whether for investment or personal interest, these coins offer a fascinating area of study and collection.