What You Need to Know About the 1964 Kennedy Half Dollar

In 2019, the rare 1964 JFK half dollar sold at auction for an amazing $ 108,000. It was the inaugural time a Kennedy fifty-cent coin sold for over six figures. But what made that detail half-dollar so valuable ? And, if you could add a half-dollar to your collection, would it be worth a fortune someday ? The 1964 Kennedy Half Dollar is a piece of United States currency with a singular, complex history. This history is part of what shapes so much interest in the coin. John F. Kennedy was the thirty-fifth President of the United States. Kennedy ‘s memorable presidency and tragic death make him an all-important part of american history.

The history of the coin created in his honor was equally storied. Below, we look at the history of the 1964 John of Kennedy half-dollar mint and the coin itself. What is the coin made of ? And how valuable is it today ?

1963 Peace Tour

In John F. Kennedy ‘s inaugural address address, he gave his most celebrated quote : “ Ask not what your state can do for you. Ask what you can do for your state. ” He valued answers that made countries great, like space exploration, and focused on peace over war. In 1963, President Kennedy went on a peace tour of Europe. In formulation for this go, he ordered the creation of 300 appreciation medals. He distributed these medals to honor peace-making leaders across Europe, including eastern european leaders. He besides honored leaders of native american tribes .

Presidential Medal Design

These medals were finally called the Presidental Medals. Gilroy Roberts was a sculptor and engraver. He was predominantly responsible for the look of the medals. In finical, he took capital care to get a accurate likeness of President Kennedy ‘s visibility on the boldness of the decoration. reportedly, even though Kennedy approved of Roberts ‘ initial draft of the design, Roberts redrafted the profile based on his observations of Kennedy in meetings in an undertake to perfect it .

The Assassination of President John F Kennedy

On November 2nd, 1963, President John F. Kennedy was assassinated. The JFK assassination was a pivotal moment in United States history. To this day, Americans who were alive in 1963 remember where they were when they heard the newsworthiness. Investigators charged Lee Harvey Oswald with the murder. however, before he could stand test, Jack Ruby, a cabaret owner, killed Oswald while being transferred. This second murder sparked many conspiracy theories surrounding the JFK character assassination. Most Americans sought ways to mourn and commemorate Kennedy during the disruptive fourth dimension .

Creating the Kennedy Half Dollar

soon after Kennedy ‘s character assassination, the U.S. Mint began work on the JFK half dollar. US Mint Director Eva Adams wanted to design a coin that would both honor Kennedy and be slowly to use so that Kennedy would maintain a identify in casual american life. Adams consulted with Jacqueline Kennedy Onassis, President Kennedy ‘s widow, about the commemorative coin. Onassis suggested a half dollar mint preferably than a quarter dollar. however, the quarter dollar mint featured the profile of George Washington, and Onassis did n’t want to replace it. After getting Onassis ‘s blessing, Adams brought on two lay down artists to create the silver Kennedy half-dollar. Gilroy Roberts would design the mint ‘s obverse slope, and Frank Gasparro would design the turn back side .

Engravers and Artists

Mint Director Eva Adams selected Gilroy Roberts because he was the chief Engraver at the Mint. He besides had previous experience depicting Kennedy. In addition, Roberts was responsible for the broke visibility of Kennedy on the Presidential Medal. Gilroy Roberts Roberts was a meticulous artist. Since he ‘d already refined the Kennedy profile for the 1962 decoration, he chose to adapt for the new mint. While some other leaders at the Mint suggested a half-body image of Kennedy for the mint, Roberts stuck with the flop. He just did n’t have time to create an wholly raw engraving for the half dollar. Frank Gasparro Frank Gasparro designed the reverse slope of the half dollar. Gasparro was the Assistant Engraver at the U.S. Mint in 1964. He was promoted to Chief Engraver in 1965. Gasparro was a laud artist. He graduated from The Pennsylvania Academy of Fine Arts and apprenticed under the sculptor Giuseppe Donato. After creating the 1964 silver Kennedy half dollar, Gasparro would design the reverse side of the 1958 cent and both sides of the Susan B. Anthony dollar. Frank Gasparro created the original design for the rearward english of the Presidential Medal. Like Roberts, he chose to modify his invention for the half dollar coin. His eagle emblem became the overrule side of the Kennedy one-half dollar .

Jacqueline Kennedy’s Revision

Roberts and Gasparro finalized their designs. then, they sent them to the U.S. Mint, which created 100,000 proof coins. The Mint besides made twelve special Mint Sets ( SMS ) that year, specifically for memorial. When Jackie Kennedy reviewed the proof of the silver half dollar, she was by and large meet. however, she did n’t like the way Roberts accented her die husband ‘s hair’s-breadth. Kennedy suggested that Roberts alter the design so that JFK ‘s hair seemed more subtly tousled. Roberts took the review to affection and revised the profile. then, the mass-produce translation of the 1964 half dollar did not have accented hair .

Popular With Americans and Abroad

The 1964 silver Kennedy one-half dollar was wildly democratic. need was sky-high. evening though the U.S. Mint predicted the coin ‘s popularity, they did not initially strike enough coins to meet the demand. Banks limited the total of coins an individual could get. At foremost, they only allowed a person to take out forty Kennedy half dollars. yet, even with this limitation, the Washington Treasury Department sold out all of their accord 70,000 coins on the first day. The U.S. Treasury Department originally planned to mint 91 million half dollars in 1964. alternatively, they raised the count to 141 million. ultimately, they minted 430 million Kennedy half dollars to meet demand in 1964 .

Africa and Europe

The 1964 Kennedy half dollar was popular in african countries. Europeans besides sought out the Kennedy half dollar. partially of this was an act of commemoration. Kennedy had a reputation as a peace-maker. therefore, his imagination and tragic death moved people worldwide. That said, U.S. Ambassadors abroad besides distributed the Kennedy half dollar in 1964. It was a way to encourage good associations with the United States .

Brief Controversy

Some Americans complained to the Denver Mint about the appearance of the half dollar. They believed that a little aspect of the engraving on the obverse side was a hammer and sickle. This symbol contributed to some soviet Union-related conspiracy theories. however, Gilroy Roberts explained that the “ symbol ” was his initials. The conventionalized “ R ” for Roberts could look like a sickle. He signed the engrave but kept his initials small. That way, his touch would n’t distract from the profile. unfortunately, the minor print led to confusion .

1964 Coin Shortage

There was a general coin dearth in 1964. The U.S. Treasury discovered that many coins were n’t circulating. This created problems for shopkeepers who needed change. It besides created problems for people using vending machines. In the 1960s, Meilkien vending machines could sell beverages for the first base time. These coin-based machines became increasingly popular. frankincense, the coin deficit frustrated the populace. The drought besides hindered the sale of cheap goods. The U.S. Treasury was particularly frustrated by the low circulation rate of the 1964 silver Kennedy half dollar. part of the problem was the Treasury ‘s 1961 announcement that the flatware reserves were being depleted. The Treasury believed this was due to the gamey demand for coins. This led the public to become awful of a silver dearth. As a result, people hesitated to spend any flatware coins they had. The U.S. Treasury besides blamed collectors and numismatists for the first gear circulation rate. The Treasury alleged that dealers were hoarding the coins to inflate the prices artificially. As a consequence, the U.S. Mint chose to strike some Kennedy half dollars in 1965 using the 1964 fail. They besides increased coin production in 1964. Despite this, people still frequently sought out the 1964 silver Kennedy half dollar and chose not to spend it .

Coin Act of 1965

ultimately, Congress passed the Coin Act of 1965 to address the mint dearth. This act made it unlawful to melt coins. It besides enabled the Mint to redesign popular coins without argent. The Mint could besides re-create coins with a lower silver composition. As a solution, dimes and quarters minted after 1965 did not contain any ash grey. Kennedy half dollars were minted with well less silver after the Coin Act than they were in 1964. ultimately, the Coin Act of 1965 limited how often the U.S. Mint could redesign a coin. The draw a bead on was to reduce the hazard that people would hoard coins. People did n’t circulate coins when they feared that a specific coin would lone be minted for a inadequate time .

1964 Kennedy Half Dollar Composition

What was the 1964 flatware Kennedy half dollar subject in terms of metals ? The U.S. Mint comprised the original 1964 Kennedy half dollar with 90 % silver and 10 % copper. When it became clear that the coin was n’t circulating wide, the U.S. Mint wondered if the high degree of eloquent was the cause. In late half-dollar productions, the U.S. Mint reduced the coin ‘s silver contented. so, after 1965, Kennedy half-dollars were merely 40 % silver. But, decreasing the percentage of eloquent in the coin did not increase circulation. alternatively, the subsequent Kennedy half-dollars were just ampere popular as before, and people continued to hesitate to spend them. finally, the U.S. Mint recreated the mint wholly out of base metals. even the cheaper-to-produce interpretation did n’t circulate american samoa much as they ‘d hoped. As a resultant role, the U.S. Mint ultimately stopped printing Kennedy half-dollars for circulation in 1987 .

1964 Kennedy Half Dollar Current Valuation

Most 1964 Kennedy half dollar coins are n’t that rare since the U.S. Treasury intended the coins for general circulation. The U.S. Mint struck 277 million Kennedy half dollars. still, 1964 Kennedy half-dollars were strange among coins because each one included so much silver. The argent mint value is higher than other metals. beyond that, the bathetic value of the coins led many people to keep their half dollars quite than spend them. sol, even fairly distinctive 1964 Kennedy half-dollars are worth more than fifty cents today. Like most coins, 1964 Kennedy half dollar uncirculated variants are worth more. They are more likely to be near mint condition. That said, the highest-value 1964 JFK half-dollar coins were strange in some means. Some rare varieties stem from a double-strike error. The U.S. Mint created others entirely for special mint sets. rare variations digression, let ‘s unpack the typical value of a 1964 silver Kennedy half-dollar.

Average Range

The average 1964 silver Kennedy half-dollar has an estimated value ranging from $ 10.95 to $ 21. This range is for half-dollars rated MS60 to MS65. The higher the mint express denounce ( MS ), the better circumstance the coin is in. To determine a given JFK one-half dollar rate, get your coin ‘s condition evaluated by a professional .

High-End Range

1964 Kennedy half-dollar coins rated MS66 to MS68, or higher have a higher valuation. These coins have sold for $ 85 to $ 700 at auction. It ‘s rare to find a 1964 Kennedy half-dollar rated MS67 or higher. The pCGS has only granted that rating to 110 silver Kennedy half dollars .

Lowest Valuation

even a low-quality “ pocket change ” version of the 1964 Kennedy half-dollar is worth something. You can reliably sell a highly circulate translation of this mint for $ 10-11. This is slightly above the bare-assed value of the eloquent in the coin, which would be worth $ 9.61 if you melted it down .

Most Recent Auction

Dealers held the most holocene auction to sell a 1964 Kennedy half dollar in May 2021. Evaluators rated the mint MS65. It sold for $ 55 .

Variants and Rarities

Beyond the typical rate of the 1964 Kennedy half dollar value, there are variants and rarities. The U.S. Mint created some of these variants specifically for collectors. Others, though, were accidents. As always, the prize of a given rare random variable mint will change depending on the mint state of that coin in particular. so, if a coin is in poor stipulate, even if it ‘s rare, it wo n’t go for arsenic much at auction .

Minting Errors

In many cases, rare coins are the solution of a mint error. There are a few categories of minting errors :

  • planchet errors
  • hub or die errors
  • strike errors

These three types of minting errors create unusual coins. If you understand them, you can be on the lookout for coins with these errors. This includes JFK half dollar coins with errors. Planchet Minters cause planchet errors when there ‘s some trouble with the alloy sheets. Planchets are long strips of metallic element that minters feed into a minting press—the compress prints coins from these sheets. If the alloy is weak, damaged, or loaded incorrectly, the resulting coins will have noticeable irregularities. Hub and Die Issues with the engraved rods that stamp the double onto a mint cause hub and die errors. If the perch is misaligned, damaged, or deteriorated, it wo n’t press the trope onto a coin precisely. The gat itself is the hub. The die is a frame that connects to the coin on the antonym side. A celebrated hub and die error is a “ double die ” erroneousness. This is when a hub stamps an image onto a single coin doubly. This creates duplicate elements. misalignment can besides cause “ overdate ” ( OD ) and “ over-mintmark ” ( OMM ) errors. These errors cause a mint to bear more than one date or mintmark. Strike strike errors are ascribable to a malfunction in the mint machinery. These are the most common types of errors. Some of the rare variants of the Kennedy half-dollar have minting errors. Others are plainly limit print runs before a purpose rewrite .

1964-D DDO

The 1964-D DDO Kennedy half-dollar is a valuable version. Its alone timbre is the result of a “ double die obverse ” error. This means a hub strike the font of the coin twice. The most obtrusive remainder between the 1964-D DDO Kennedy half-dollar and the typical silver half-dollar is the slightly visible replication of the date. Value Range typically, 1964-D DDO versions of the Kennedy half-dollar have sold for auction prices between $ 75 and $ 552. These coins ranged from MS63 to MS66 circumstance. Highest Value The highest value 1964-D DDO Kennedy half-dollar sold for $ 2000 at auction. Professional coin graders rated this coin MS67 .

1964 Accented Hair Proof

The “ tonic haircloth ” validation is another valuable version of the 1964 Kennedy half-dollar. Unlike the 1964-D DDO version, this translation of the coin was actually the original, mean translation. When Chief Engraver Gilroy Roberts first base designed the Kennedy half-dollar, he highlighted and shaded parts of Kennedy ‘s profile with stress marks. many of these stress marks made it into the final examination design. rewrite Request however, upon seeing the initial proof, Jacqueline Kennedy Onasis ( President Kennedy ‘s widow ) suggested JFK ‘s hair be more insidious. thus, Roberts made flimsy alterations to the plan. As a consequence, the mass-produced Kennedy half-dollars did not have accented hair’s-breadth. however, by the time Roberts implemented the changes, about 100,000 validation coins were already minted with the master “ stressed hair ” design. The initial race of proofread totaled over 4 million coins. This makes the stressed hair’s-breadth proofs relatively rare. alone 1/40 Kennedy half-dollar proofs have a version of Kennedy ‘s profile with tonic hair. Value Range In 2021, 1964 Kennedy Half-Dollar Accented Hair Proof coins sold at auction for between $ 94 and $ 4,551. That said, the highly-rated batch submit editions of this mint have garnered five-figure valuations not infrequently. For exercise, an MS68 Accented Hair Proof sold for $ 11,000 in 2009. A different MS68 Proof went for $ 13,200 in 2019. Highest Value The highest value accented hair proofread half-dollar sold for $ 108,000. however, it was not merely rare due to the stress hair design. That coin was besides from a 1964 special Mint Set ( SMS ) edition of the half-dollar. Read on to learn about the SMS version .

1964 SMS (Special Mint Set) Half-Dollar

The 1964 SMS were extra mint sets of two Kennedy half dollar coins. The U.S. Mint lone made twelve of these sets all in all. The U.S. Mint enclosed the coins in the special mint sets within a protective casing. The coins themselves have a satin-like finish. They have no contact marks. alternatively, the U.S. Mint pressed the coins with a impregnable strike and a “ dangle 4. ” This raindrop-shaped indicator beneath the “ 4 ” in “ 1964 ” shows the rare half-dollar ‘s true birthplace. Value Range Because the U.S. Mint merely made twelve of the SMS Kennedy half-dollars, they are fabulously rare. These coins much break auction records. In the past ten years, the respect stove for 1964 SMS Kennedy half-dollars starts at $ 6,037 and gets arsenic high as $ 151,000. It is distinctive for SMS half-dollars to sell for five figures. Highest Value The highest measure SMS Kennedy half-dollar sold for $ 108,000. This was the record-breaking half-dollar mentioned in the introduction. Both the buyer and seller at that auction wished to remain anonymous. cipher knows when an SMS half-dollar will be up for auction again .

Other Kennedy Half-Dollar Coins

sporadically, the United States Mint has designed new Kennedy half-dollar coins for diachronic anniversaries. The Mint released some of these coins to the general public and others in particular mint sets entirely to numismatists. The U.S. Mint continued to mass-produce Kennedy half-dollar coins for general circulation until 1987. depleted circulation rates prompted the Mint to discontinue product. From 1965-1987, the Kennedy half-dollars were not minted in 90 % silver. alternatively, these coins were only 40 % silver. In 1971, the U.S. Mint redesigned half dollars with a base metal composing .

1975-1977

For the bicentennial, the mint issued Kennedy half dollars with modern reversion designs. Artist Seth G. Huntington won a design rival. His engrave of Independence Hall replaced Frank Gasparro ‘s eagle emblem on the inverse side .

1998-S Matte Finish (SMS) Kennedy Half Dollar

The U.S. Mint created 62,000 Kennedy half-dollars for their 1998 limited Mint Set ( SMS ). They struck these coins in silver. The U.S. Mint sold the one-half dollars in sets of two directly to collectors. They sold the original sets for $ 59.99. today, 1998-S Matte Finish ( SMS ) Kennedy half-dollars have an estimated value range of $ 94 to $ 264 .

2014-W Gold Kennedy Half-Dollar

In 2014, the Mint worked with a private firm to create a limited version of the Kennedy half-dollar. These coins are the entirely Kennedy half-dollars minted on a gold planchet. They have Gasparro ‘s eagle emblem on the overrule slope. These amber coins typically sell for approximately $ 1,400 at auction today.

Surprising Coin Histories and Values

The 1964 Kennedy half dollar is n’t the only coin with a storm history or evaluation. The long history of United States currency has enough of unexpected twists. The 1964 Kennedy half dollar coin is an excellent addition to any collection. Whether you ‘re a novitiate numismatist or an expert, there are many pristine half dollars on the market. Compare ratings and explore the best options for your solicitation. Why not create an history and build your collection today ?

source : https://ontopwiki.com
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