The Kennedy Half Dollar, introduced in 1964 to honor President John F. Kennedy following his tragic assassination, holds a special place in American numismatic history.
While many of these coins circulate as regular currency, certain 1964 Kennedy Half Dollars are exceptionally rare and have fetched prices up to $50,000 or more among collectors. This article delves into what makes these specific coins so valuable.
Understanding the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar was initially minted with 90% silver content, making it highly sought after both for its metal value and commemorative significance.
However, beyond the standard issue, there are particular variations that stand out due to their rarity and unique characteristics.
Key Variations and Their Significance
1. 1964 Special Mint Set (SMS) Kennedy Half Dollar
In 1964, a limited number of Kennedy Half Dollars were included in Special Mint Sets (SMS), intended for collectors.
These coins exhibit a satin-like finish with sharp details and unique die polishing lines. Their limited mintage and distinctive appearance make them highly valuable.
Key Features:
- Finish: Satin-like with sharp details.
- Rarity: Approximately a dozen known specimens.
- Value: High-grade examples have sold for up to $47,000.
2. 1964 Accented Hair Proof Kennedy Half Dollar
Early in 1964, some proof coins were struck with a design featuring more pronounced hair details above Kennedy’s ear, known as the “Accented Hair” variety. This design was quickly altered, making these coins rare collector’s items.
Key Features:
- Design: Enhanced hair details above the ear.
- Rarity: Limited number in circulation due to design change.
- Value: High-grade examples can be worth thousands of dollars.
Factors Influencing Value
Several factors contribute to the high value of these rare coins:
- Rarity: Limited mintage or design changes make certain coins scarce.
- Condition: Coins in mint or near-mint condition are more valuable.
- Finish: Special finishes like satin or matte distinguish certain coins.
- Provenance: A documented history can enhance a coin’s value.
Identifying Valuable 1964 Kennedy Half Dollars
To determine if you possess a valuable 1964 Kennedy Half Dollar, consider the following steps:
- Examine the Finish: Look for a satin-like or matte finish rather than a mirror-like surface.
- Check for Design Features: Identify any unique design elements, such as accented hair details.
- Assess Condition: Coins graded MS68 or higher are considered near-perfect.
- Consult Experts: Have the coin evaluated by a professional numismatist for authentication and valuation.
Variations of the 1964 Kennedy Half Dollar
| Coin Type | Finish | Design Features | Estimated Value |
|---|---|---|---|
| Standard Business Strike | Brilliant | Regular Design | Face Value |
| Special Mint Set (SMS) | Satin | Sharp Details | Up to $47,000 |
| Accented Hair Proof | Mirror | Enhanced Hair Detail | Thousands |
Understanding the unique characteristics and variations of the 1964 Kennedy Half Dollar can significantly enhance your coin collection’s value. Always consult with numismatic experts to accurately assess and authenticate your coins.
FAQs
How can I tell if my 1964 Kennedy Half Dollar is a Special Mint Set coin?
SMS coins have a distinctive satin finish with sharp details and often exhibit die polishing lines. They lack the mirror-like surface of standard proof coins.
What is the difference between a business strike and a proof coin?
Business strikes are intended for general circulation and have a standard finish. Proof coins are specially minted for collectors, featuring a mirror-like finish and sharper details.
Are all 1964 Kennedy Half Dollars valuable?
While all 1964 coins contain 90% silver, which adds intrinsic value, variations like SMS and Accented Hair proofs are particularly valuable due to their rarity.
How should I store my valuable coins?
Store coins in a cool, dry place, preferably in protective holders or capsules to prevent damage and preserve their condition.