The 1964 Kennedy Half Dollar is a significant coin in American history, created in response to the tragic assassination of President John F. Kennedy. Minted in 1964, this half dollar quickly became a collector’s item,
representing both a tribute to the late president and a fascinating part of numismatic history. While millions of these coins were made, some varieties of the 1964 Kennedy Half Dollar are rare and highly valuable due to their unique characteristics.
Historical Background of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar was introduced soon after the assassination of President John F. Kennedy in November 1963. The U.S. Mint acted quickly to design and release the coin by early 1964. This coin replaced the Franklin Half Dollar and instantly became popular, largely due to the nation’s emotional connection to President Kennedy.
Key Features of the 1964 Kennedy Half Dollar
Obverse Design
The obverse of the coin shows a portrait of John F. Kennedy, designed by Gilroy Roberts, Chief Engraver at the U.S. Mint. The word “LIBERTY” arcs above the portrait, and the date “1964” is positioned below Kennedy’s image.
Reverse Design
The reverse, designed by Frank Gasparro, depicts the Presidential Seal—an eagle holding an olive branch and arrows, surrounded by stars and the inscriptions “UNITED STATES OF AMERICA” and “HALF DOLLAR.”
Composition
The 1964 Kennedy Half Dollar is made of 90% silver and 10% copper, giving it a weight of 12.50 grams. This composition was used only in 1964, making these coins more valuable than later Kennedy Half Dollars.
Why Is the 1964 Kennedy Half Dollar Rare?
Despite the high number of coins minted, specific varieties of the 1964 Kennedy Half Dollar are considered rare. Below are some of the factors that contribute to the coin’s rarity:
1. High-Grade Specimens
Coins graded MS-65 or higher are rare and valuable. These coins, with their brilliant luster and minimal flaws, can command premium prices.
2. Special Mint Sets (SMS)
In 1964, a small number of Special Mint Sets were produced. These sets are distinct from standard proof sets, and the SMS coins have sharper details and a superior finish, making them highly sought after.
3. Doubled Die Obverse (DDO)
One of the most valuable varieties is the Doubled Die Obverse (DDO) coin. This rare error causes the design on the obverse to appear doubled, particularly in the inscriptions and date, making these coins highly prized.
4. Accented Hair Variety
The “Accented Hair” variety features extra detailing in Kennedy’s hair. This design was part of an early production run and was reportedly changed at the request of Jacqueline Kennedy. This variety is scarcer and more desirable for collectors.
5. Mint Mark
The coin was minted in both Philadelphia (no mint mark) and Denver (marked with a “D”). While both types are collectible, coins from the Denver Mint tend to be more valuable, especially in higher grades.
Collecting and Investing in the 1964 Kennedy Half Dollar
If you are interested in collecting or investing in the 1964 Kennedy Half Dollar, here are some tips:
- Condition Matters: Focus on finding coins graded MS-65 or higher, as these are the most valuable.
- Identify Rare Varieties: Look for varieties such as the Accented Hair and Doubled Die Obverse, which can significantly increase a coin’s value.
- Consider Authentication: It’s a good idea to get your coins authenticated by professional grading services like PCGS or NGC to ensure their value.
The 1964 Kennedy Half Dollar stands as a tribute to a pivotal moment in U.S. history. Whether you are a collector or an investor, understanding the unique features and rare varieties of this coin can enhance your collection and potentially lead to profitable investments.
1. Why is the 1964 Kennedy Half Dollar special?
The 1964 Kennedy Half Dollar was created in honor of President John F. Kennedy after his assassination, making it a highly collectible piece of U.S. history.
2. What makes the 1964 Kennedy Half Dollar rare?
Specific varieties like the Accented Hair and Doubled Die Obverse, as well as high-grade specimens, are considered rare and valuable.
3. How can I tell if I have a rare 1964 Kennedy Half Dollar?
Look for varieties such as the Accented Hair, the Doubled Die Obverse, or coins from a Special Mint Set (SMS). Coins in higher grades (MS-65 or above) are also valuable.
4. What is the coin made of?
The 1964 Kennedy Half Dollar is composed of 90% silver and 10% copper, which makes it more valuable than later versions made with less silver.
5. Should I get my 1964 Kennedy Half Dollar graded?
Yes, getting your coin graded by a professional service like PCGS or NGC can confirm its value and make it more attractive to potential buyers.
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