The 1968 Kennedy Half Dollar, initially produced in large numbers for general circulation, has, over the decades, become a sought-after coin among collectors.
While most of these coins circulate at face value, certain high-grade specimens have appreciated significantly in worth, with some nearing valuations of $80,000.
This article delves into the factors contributing to the coin’s elevated value, highlights specific varieties, and offers insights into their current market standing.
Historical Context of the 1968 Kennedy Half Dollar
Introduced in 1964 to honor President John F. Kennedy following his assassination, the Kennedy Half Dollar underwent several composition changes in its early years.
From 1965 to 1970, the coin was minted with a 40% silver content. The 1968 issue, bearing the “D” mint mark for Denver, is among these silver-clad versions.
Key Specifications:
- Mint Year: 1968
- Mint Location: Denver (denoted by “D”)
- Composition: 40% silver, 60% copper
- Diameter: 30.61 mm
- Weight: 11.5 grams
Factors Influencing the Coin’s High Value
Several elements contribute to the substantial value of select 1968 Kennedy Half Dollars:
- Condition (Grade): Coins in pristine, uncirculated conditions are rare and highly prized.
- Varieties: Certain die varieties, such as the 1968-D with a doubled die obverse (FS-101), are particularly valuable.
- Silver Content: The 40% silver composition adds intrinsic metal value, especially when silver prices are elevated.
Notable Varieties and Their Values
Among the 1968 Kennedy Half Dollars, specific varieties stand out due to their rarity and collector interest:
1. 1968-D Kennedy Half Dollar (Regular Strike)
The standard 1968-D coin is common in circulated grades. However, in higher uncirculated grades, especially MS-65 and above, their value increases due to their relative scarcity.
Estimated Values by Grade:
| Grade | Estimated Value |
|---|---|
| MS-63 | $9 – $12 |
| MS-65 | $21 – $58 |
| MS-67 | Up to $4,800 |
Note: Values are approximate and can fluctuate based on market conditions.
2. 1968-D Kennedy Half Dollar (Doubled Die Obverse – FS-101)
A notable variety of the 1968-D features a doubled die on the obverse, particularly evident in the date and inscriptions. This variety is rare and highly sought after by collectors.
Estimated Value:
- High-Grade Examples (MS-65 and above): Can command prices ranging from $1,000 to $5,000, depending on the coin’s quality and market demand.
Market Trends and Auction Records
The market for rare coins is dynamic, with values influenced by collector demand, silver prices, and coin condition.
While most 1968 Kennedy Half Dollars are accessible to collectors, exceptional specimens have fetched impressive prices at auctions. For instance, a 1968-D MS-67 coin has been recorded with auction prices reaching up to $7,500.
Recent Auction Highlights:
- 1968-D MS-67: Sold for $7,500 in August 2019.
- 1968-D FS-101 (Doubled Die Obverse): High-grade examples have been known to sell for $1,500 to $4,000.
Note: Auction prices can vary based on factors like coin provenance, market conditions, and bidder interest.
Tips for Collectors and Investors
For those interested in acquiring or selling 1968 Kennedy Half Dollars:
- Authentication: Ensure the coin’s authenticity, especially for varieties like the doubled die obverse.
- Grading: Have coins professionally graded to determine their condition and value accurately.
- Stay Informed: Monitor market trends and silver price movements, as they can influence coin values.
The 1968 Kennedy Half Dollar serves as a testament to the enduring legacy of President John F. Kennedy. While many of these coins remain accessible to collectors, certain high-grade varieties, especially those with unique die characteristics, have seen their values soar.
Whether you’re a seasoned numismatist or a casual collector, understanding the nuances of these coins can lead to rewarding discoveries.
FAQs
What determines the value of a 1968 Kennedy Half Dollar?
The coin’s condition, presence of any unique varieties (like the doubled die obverse), and current silver market prices primarily influence its value.
How can I identify a doubled die obverse on a 1968-D coin?
Look for noticeable doubling in the date and inscriptions on the obverse. Consulting a detailed guide or a professional can aid in accurate identification.
Are all 1968 Kennedy Half Dollars made of silver?
Yes, all 1968-dated half dollars have a 40% silver composition, making them more valuable than later copper-nickel versions.
Where can I buy or sell high-grade 1968 Kennedy Half Dollars?
Reputable coin dealers, numismatic auctions, and online marketplaces specializing in coins are suitable platforms for buying or selling these coins.