The 1964 Kennedy Half Dollar holds a special place in American numismatic history. Introduced to honor President John F. Kennedy shortly after his assassination, this coin’s unique composition and design have captivated collectors, with some specimens fetching prices exceeding $70,000.
In the wake of President Kennedy’s tragic death in 1963, the U.S. Mint sought to commemorate his legacy by introducing the Kennedy Half Dollar in 1964. This coin’s significance is magnified by its composition and the circumstances surrounding its release.
Composition and Mintage
The 1964 Kennedy Half Dollar was minted in two versions:
- 90% Silver Composition: Produced in large quantities, these coins are valued both for their silver content and their historical importance.
- Special Mint Set (SMS): A limited number of coins were struck with a satin finish, distinct from the regular issue. These are exceedingly rare and highly sought after by collectors.
Design Features
The coin’s design features:
- Obverse: A left-profile portrait of President Kennedy, designed by Gilroy Roberts.
- Reverse: A modified presidential seal featuring an eagle with an olive branch and 13 arrows, crafted by Frank Gasparro.
Factors Influencing Value
Several factors contribute to the high value of certain 1964 Kennedy Half Dollars:
- Condition: Coins in pristine, uncirculated condition are more valuable.
- Varieties: The SMS coins, with their unique finish, are particularly rare and command higher prices.
- Silver Content: The 90% silver composition adds intrinsic value, especially as silver prices fluctuate.
Notable Sales
Exceptional specimens have achieved remarkable prices at auctions. For instance, a 1964 SMS Kennedy Half Dollar with a satin finish sold for $47,000 in 2016, highlighting the coin’s desirability among collectors.
Current Market Value
As of March 2025, the melt value of a 1964 Kennedy Half Dollar, based solely on its silver content, is approximately $12.25.
However, coins in uncirculated condition or those with unique features can command prices ranging from $20 to over $70,000, depending on their grade and rarity.
Estimated Values Based on Condition
| Condition | Estimated Value (USD) |
|---|---|
| Circulated | $12.25 – $15 |
| Uncirculated | $20 – $50 |
| SMS Variety | $50,000 – $150,000+ |
Care and Preservation
To maintain or enhance the coin’s value, proper storage is essential. Use acid-free holders and avoid cleaning the coin, as this can diminish its value.
The 1964 Kennedy Half Dollar is more than just currency; it’s a piece of American history. Its blend of silver content, unique design, and the legacy of President Kennedy make it a prized possession for collectors.
Whether you’re a seasoned numismatist or a casual enthusiast, understanding the nuances of this coin adds depth to its appreciation.
FAQs
Why was the Kennedy Half Dollar introduced in 1964?
It was released to honor President John F. Kennedy following his assassination in 1963, serving as a tribute to his legacy.
What is the composition of the 1964 Kennedy Half Dollar?
The coin is composed of 90% silver and 10% copper, making it highly valuable for its silver content.
How can I determine the value of my 1964 Kennedy Half Dollar?
Factors such as the coin’s condition, presence of any unique varieties like the SMS, and current silver market prices influence its value. Consulting with a professional numismatist or using reputable online price guides can provide more accurate valuations.
Are all 1964 Kennedy Half Dollars made of 90% silver?
Yes, all 1964-dated Kennedy Half Dollars are composed of 90% silver. However, starting from 1965, the silver content was reduced to 40% in subsequent mintings.
I have 5 Kennedy half dollars from 1964 that are all in satin finish an are in really good shape but not in uncircullated condition..I
would give them a 90 out of
a 100..I’d also like to sell them, but not for $12 a piece..300k for the 5 ?