The 1964 Kennedy Half Dollar is a significant coin in U.S. numismatic history. It marked the beginning of a new era in American coinage, introduced shortly after President John F. Kennedy’s assassination. This article provides a comprehensive guide on the value and key facts about the 1964 Kennedy Half Dollar.
Historical Context
The 1964 Kennedy Half Dollar was minted in response to President Kennedy’s tragic assassination in November 1963. Congress authorized the coin in December 1963 and rapidly put it into production. It replaced the Franklin Half Dollar and became an immediate collector’s item.
Design and Specifications
The coin’s obverse features a portrait of President Kennedy, designed by Gilroy Roberts. The reverse, designed by Frank Gasparro, displays the Presidential Seal. These coins were made with 90% silver and 10% copper, a composition typical for U.S. coins before 1965.
| Specification | Details |
|---|---|
| Diameter | 30.6 mm |
| Weight | 12.5 grams |
| Metal Content | 90% Silver, 10% Copper |
Minting and Production
The 1964 Kennedy Half Dollar was minted in Philadelphia and Denver. The Philadelphia Mint produced 273,304,004 coins, while the Denver Mint produced 156,205,446 coins. The public heavily hoarded these coins, contributing to their reduced circulation.
Grading and Condition
The value of a 1964 Kennedy Half Dollar largely depends on its condition. Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). Most circulated 1964 Kennedy Half Dollars are found in grades from Fine (F) to Extremely Fine (EF). Uncirculated coins are more valuable and can be found in grades from MS-60 to MS-67.
Grading Scale
- Poor (P-1)
- Good (G-4)
- Very Good (VG-8)
- Fine (F-12)
- Very Fine (VF-20)
- Extremely Fine (EF-40)
- About Uncirculated (AU-50)
- Mint State (MS-60 to MS-70)
Current Market Value
The market value of a 1964 Kennedy Half Dollar varies based on its grade and mint mark. As of the latest market analysis, circulated coins typically have a value close to the silver content. Uncirculated coins with higher grades can fetch premiums. Below is a summary table of approximate values for different grades.
| Grade | Value (USD) |
|---|---|
| Good (G-4) | $10 |
| Very Fine (VF-20) | $12 |
| Extremely Fine (EF-40) | $13 |
| About Uncirculated (AU-50) | $15 |
| Mint State (MS-60) | $20 |
Collecting Tips
When collecting 1964 Kennedy Half Dollars, it is crucial to consider the condition and provenance of the coin. Look for coins with minimal wear and no significant damage. Coins with original mint luster are more desirable. Additionally, consider acquiring higher-graded coins and those certified by a reputable grading service.
Conclusion
The 1964 Kennedy Half Dollar is a cornerstone for collectors interested in U.S. coinage. Its historical significance, combined with its silver content, makes it a valuable addition to any collection. Whether you are a seasoned numismatist or a beginner, understanding the factors that influence the value of these coins is essential.