The 1964 Kennedy Half Dollar is more than just a piece of currency – it’s a part of American history. Introduced after the tragic assassination of President John F. Kennedy, this coin was created as a tribute to his legacy. While millions were minted, certain rare variations and high-quality specimens have become highly valuable. In fact, a rare 1964 Kennedy Half Dollar once sold for an astonishing $156,000 at auction.
If you’re wondering what makes some of these coins worth thousands of dollars, this guide will help you understand the key factors influencing their value and how to identify rare and valuable versions.
The History of the 1964 Kennedy Half Dollar
The Kennedy Half Dollar was first minted in January 1964, just months after President Kennedy’s assassination in November 1963. This coin was originally made of 90% silver, making it one of the last U.S. coins to have such a high silver content.
Designed by Gilroy Roberts (obverse) and Frank Gasparro (reverse), the coin features a portrait of Kennedy on the front and a heraldic eagle with a shield on the back. The public quickly embraced the coin, with many people hoarding them as keepsakes instead of spending them. This led to a shortage soon after its release.
Despite the large number of coins minted, some rare varieties and well-preserved examples can be worth far more than their silver value.
Why Some 1964 Kennedy Half Dollars Are Worth Thousands
Several factors can make a 1964 Kennedy Half Dollar highly valuable, including special mint varieties, unique design features, and high-grade condition.
Special Mint Set (SMS) Coins
One of the rarest versions is the 1964 SMS Kennedy Half Dollar, which was not meant for public circulation. These coins have a distinct matte-like finish and are considered extremely rare. Only a few are known to exist, making them highly valuable among collectors.
In 2019, a 1964 SMS Kennedy Half Dollar with a SP68 grade sold for a remarkable $156,000 at auction.
Accented Hair Variety
Early proof versions of the 1964 Kennedy Half Dollar had a more detailed hair design above Kennedy’s ear, known as the “Accented Hair” variety. However, this design was later modified, reportedly at the request of Jacqueline Kennedy, making the original version rare.
This variety is mainly found in proof sets, and well-preserved examples can sell for thousands of dollars.
High-Grade Coins
The condition of a coin significantly affects its value. Coins are graded on a scale from 1 to 70, with 70 being a perfect, flawless coin.
- A 1964 Kennedy Half Dollar graded PR70 sold for $9,400 in 2013.
- Coins graded MS68 or higher are rare and can sell for thousands of dollars.
If you have a 1964 Kennedy Half Dollar that looks uncirculated or in pristine condition, it’s worth getting it professionally graded.
Silver Content
Because the 1964 Kennedy Half Dollar contains 90% silver, its value is also influenced by the price of silver. Even common examples are worth more than their face value due to their silver content. If silver prices increase, so does the coin’s melt value.
How to Identify a Rare 1964 Kennedy Half Dollar
If you own a 1964 Kennedy Half Dollar, here’s how to check if it’s a rare and valuable variety:
- Check for Mint Marks: Most were minted in Philadelphia (no mint mark), but coins from Denver (marked “D”) are also common. SMS and proof coins often come from the San Francisco Mint.
- Look for the Accented Hair Detail: The early proof variety has more pronounced hair above Kennedy’s ear.
- Examine the Coin’s Finish: SMS coins have a matte-like texture, different from the shiny proof or business strikes.
- Get It Graded: A professional grading service like PCGS or NGC can certify its authenticity and condition, significantly impacting its value.
Investment Potential of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar is valued not only as a collectible but also as an investment. Its silver content provides protection against inflation, while rare varieties have appreciated significantly in value. Serious collectors and investors seek out high-grade examples and unique varieties to add to their portfolios.
Buying and Selling Tips
If you’re looking to buy or sell a rare 1964 Kennedy Half Dollar, consider these options:
- Coin Dealers: Reputable dealers can help you find rare coins or sell yours at a fair price.
- Online Marketplaces: Websites like eBay and Heritage Auctions frequently feature rare coins.
- Coin Shows and Conventions: Attending numismatic events connects you with knowledgeable buyers and sellers.
- Professional Grading Services: Getting your coin graded before selling can maximize its value.
Whether you’re a seasoned collector or just inherited some old coins, knowing the true value of your 1964 Kennedy Half Dollar can make a big difference. While most are worth only their silver content, rare versions can fetch thousands of dollars. Take a close look—you might have a hidden treasure in your collection.
