Introduction : The Kennedy Half Dollar of 1964 enjoys a position unique and special in American coinage history. It was issued shortly after the assassination of president John F. Kennedy, making it of great historical and monetary importance. The coin has become popular due to its special composition, historical background, and special issues.
Historical Significance
After the assassination of John F. Kennedy on November 22, 1963, the mourning went across the length and breadth of the United States. To honor the grief of the American public and in memory of his legacy, the U.S. Mint designed a new half dollar coin.
The coin replaced the Franklin Half Dollar in 1964 and was rapidly accepted. It was a token of the entire United States paying an indelible tribute to its beloved president. The coin became one more heirloom of history that began being hoarded after some time because of the monetary value attached to it.
Silver Content and Composition
Of the many notable features of the 1964 Kennedy Half Dollar, perhaps one of the most important is its composition: 90% silver.
Key Features:
- It contains 90% pure silver and 10% copper.
- The total weight is 12.50 grams.
- It contains approximately 0.3617 troy ounces of pure silver.
Because of its high silver content, it appeals to investors and collectors alike. In the subsequent years, the government steadily decreased the silver content. From 1965 through 1970, half dollars minted during this period contained only 40% and the metal was eliminated altogether from 1971 on. All these points solidify the view of this specific issue being very precious.
Production and Availability
This coin was produced in very large quantities. Over 430 million coins were made in total. However, because of an extravagant demand on the part of the people, hoarding of these coins ritually started. In addition, many coins were melted over the years, making them very hard to find till today.
Reasons for High Demand
- High silver content: This coin retains its intrinsic value as a metal with 90% silver
- Historical significance: It is an invaluable symbol of Kennedy’s legacy and an important period in American history
- Limited edition: Being the last Kennedy half dollar with 90% silver, the 1964 edition is even more collectible.
Major Variants and Their Prices
Even if there are numerous collectibles for 1964 Kennedy half dollars, it is the presence of rare types and features that give it greater value.
- The “Accented Hair” edition: This version is found on early proof coins struck at the Philadelphia Mint. It bears an unusual hair design coming above Kennedy’s ear. These coins are rare and tremendously demanded by collectors.
- High grade (MS68 and above):High-grade coins that are free of scratches or wear are scarce. For example, in May 2024, an MS68 grade 1964 Kennedy Half Dollar was sold at auction for $57,600.
- Special Mint Set coins (SMS): Some 1964 coins were produced as “Special Mint Set” (SMS) coins. These have a unique satin finish and are extremely rare.
Current Market Value
As of February 2025, the value of a 1964 Kennedy Half Dollar will depend on patina and rarity.
It is worth noting that changes in the silver price will also influence the intrinsic value of these coins. Likewise, uncommon coins that carry historical significance are often priced above their metal value.
| Variation | Description | Approximate Value (as of Feb 2025) |
|---|---|---|
| Standard Circulated | Regular wear from circulation | $11.50 – $12.75 |
| Uncirculated (MS65-MS67) | No signs of wear, sharp details | Varies; higher grades fetch more |
| Accented Hair Proof | Distinct hairline above ear in proof coins | Premium over standard proofs |
| High-Grade (MS68) | Exceptional condition, rare | Up to $57,600 |
| Special Mint Set (SMS) | Unique satin finish, limited production | Significant premium |
Conclusion
The 1964 Kennedy Half Dollar is an important historical and collectible coin. Its high silver content, issuance in memory of President Kennedy, and unique editions make it attractive to investors and coin collectors alike. If you are considering coin collection, this coin not only is a historical item but may also yield good investment in the future
FAQs
Q.1 Why is the 1964 Kennedy Half Dollar considered valuable?
A. The 1964 Kennedy Half Dollar is valuable due to its 90% silver content, historical significance as a tribute to President John F. Kennedy, and its status as the last circulating half dollar made with high silver content.
Q.2 How much silver does a 1964 Kennedy Half Dollar contain?
A. Each 1964 Kennedy Half Dollar contains 0.3617 troy ounces of pure silver, making it highly sought after by both collectors and silver investors.
Q.3 What is the “Accented Hair” variety, and why is it valuable?
A. The “Accented Hair” variety is an early proof coin version with a more pronounced hairline above Kennedy’s ear. These were quickly modified, making the Accented Hair version rarer and more valuable.
Q.4 Were all 1964 Kennedy Half Dollars made of 90% silver?
A. Yes, all 1964-dated Kennedy Half Dollars were made of 90% silver, but from 1965 to 1970, they were reduced to 40% silver, and post-1970, silver was completely removed.
Q.5Why were so many 1964 Kennedy Half Dollars hoarded?
A. After Kennedy’s assassination, Americans hoarded the coins as a tribute. Additionally, their 90% silver composition led to high demand among silver investors.