The 1964 Kennedy Half Dollar holds a special place in American numismatics, not only for its historical significance but also for its potential high value among collectors.
While standard 1964 Kennedy Half Dollars are relatively common, certain rare variants and errors have fetched impressive sums at auctions, with some claims suggesting values up to $500,000.
This article delves into the specifics of these rare coins, their distinguishing features, and their market valuations.
The Genesis of the 1964 Kennedy Half Dollar
In the wake of President John F. Kennedy’s assassination in November 1963, the U.S. Mint swiftly introduced the Kennedy Half Dollar in 1964 to honor the late president.
These coins were minted with a composition of 90% silver and 10% copper, reflecting the precious metal standards of the time. The obverse features a left-facing portrait of Kennedy, while the reverse showcases the Presidential Seal.
Rare Variants and Their Values
Among the 1964 Kennedy Half Dollars, certain variants and errors stand out for their rarity and value:
1. 1964 Special Mint Set (SMS) Kennedy Half Dollar
- Description: The 1964 SMS Kennedy Half Dollars are distinguished by their unique satin finish and sharp strike, differing from both regular circulation and proof coins.
- Rarity: Extremely scarce, with only a handful known to exist.
- Notable Sale: A specimen graded SP68 sold for $156,000 at auction.
2. 1964 Accented Hair Proof Kennedy Half Dollar
- Description: Early proof versions featured a more pronounced hair design above Kennedy’s ear, known as the “Accented Hair” variety.
- Rarity: Approximately 100,000 minted before the design was altered, making it a sought-after variety among collectors.
- Notable Sale: High-grade examples have fetched up to $20,000.
3. 1964-D (Denver Mint) Kennedy Half Dollar
- Description: While the Denver Mint produced a substantial number of these coins, those in pristine, uncirculated condition are rare.
- Rarity: High-grade specimens, especially those graded MS68, are scarce.
- Notable Sale: A 1964-D Kennedy Half Dollar graded MS68 sold for $22,325 in 2016.
Evaluating the $500,000 Claim
The notion of a 1964 Kennedy Half Dollar being valued at $500,000 appears to be unsubstantiated based on current auction records and market analyses.
While certain rare variants and high-grade specimens have achieved six-figure sums, none have reached the half-million-dollar mark. Collectors should approach such claims with caution and seek verification from reputable numismatic sources.
Factors Influencing Value
Several factors contribute to the value of a 1964 Kennedy Half Dollar:
- Rarity: Limited mintage variants or unique errors increase desirability.
- Condition: Coins in higher grades (e.g., MS68) command premium prices.
- Historical Significance: Early production runs or design anomalies add to a coin’s appeal.
- Market Demand: Collector interest and market trends can significantly influence valuations.
Summary of Notable 1964 Kennedy Half Dollar Variants
| Variant | Mintage | Notable Sale Price | Description |
|---|---|---|---|
| 1964 Special Mint Set (SMS) | Extremely Rare | $156,000 (SP68) | Satin finish with sharp details |
| 1964 Accented Hair Proof | ~100,000 | $20,000 (High Grade) | Pronounced hair design above Kennedy’s ear |
| 1964-D (Denver Mint) MS68 | High | $22,325 (MS68) | Pristine, uncirculated condition from Denver Mint |
Note: Values are subject to change based on market conditions and coin grading.
The 1964 Kennedy Half Dollar remains a cherished piece among collectors, embodying both historical significance and numismatic interest.
While standard issues are relatively common, rare variants like the 1964 SMS and Accented Hair Proofs have achieved substantial auction prices.
However, claims of valuations reaching $500,000 lack credible evidence. Collectors are advised to conduct thorough research and consult reputable sources when assessing the value of their coins.
FAQs
How can I identify a 1964 Accented Hair Proof Kennedy Half Dollar?
Look for a more pronounced hair design above Kennedy’s ear and a missing serif on the “I” in “LIBERTY.”
What makes the 1964 SMS Kennedy Half Dollar unique?
Its distinctive satin finish and sharp strike set it apart from regular issues and proofs.
Are all 1964 Kennedy Half Dollars valuable?
While common in circulated condition, certain rare variants and high-grade specimens can be highly valuable.