The 1964 Kennedy Half Dollar holds a unique place in American numismatics. Created after the tragic assassination of President John F. Kennedy, this coin represents a significant moment in U.S. history. While millions were made, some versions of the 1964 Kennedy Half Dollar are incredibly rare and valuable. This guide will explore the history, design, and factors that make these coins special and collectible.
Historical Background of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar was introduced to honor President John F. Kennedy after he was assassinated in November 1963. The U.S. Mint quickly began producing this coin in early 1964, replacing the previous Franklin Half Dollar. Due to the emotional impact of Kennedy’s death, the coin soon became a favorite among collectors.
Key Features of the 1964 Kennedy Half Dollar
Obverse Design
The obverse side of the coin shows a left-facing portrait of John F. Kennedy. This design was created by Gilroy Roberts, the Chief Engraver at the U.S. Mint. The word “LIBERTY” arches above Kennedy’s head, while the date “1964” is shown below.
Reverse Design
The reverse side of the coin features the Presidential Seal, designed by Frank Gasparro. It shows an eagle holding an olive branch and arrows, surrounded by stars. The inscriptions “UNITED STATES OF AMERICA” and “HALF DOLLAR” are also present.
Composition
The 1964 Kennedy Half Dollar is made of 90% silver and 10% copper, weighing 12.50 grams. This composition is different from later versions, which contain less silver. The high silver content makes these coins more valuable.
Why Is the 1964 Kennedy Half Dollar Considered Rare?
Despite the large number of 1964 Kennedy Half Dollars minted, certain versions are rare and sought after by collectors. Here are some reasons for their rarity:
1. High-Grade Specimens
Coins in Mint State (MS) condition, especially those graded MS-65 or higher, are rare. The grading scale ranges from Poor (P-1) to Perfect Mint State (MS-70). High-grade examples of the 1964 Kennedy Half Dollar with full shine and few imperfections are highly desired.
2. Special Mint Sets (SMS)
In 1964, a few Special Mint Sets (SMS) were produced, different from standard Proof Sets. SMS coins have sharper details and a better finish, making the 1964 Kennedy Half Dollar from an SMS particularly appealing to collectors.
3. Doubled Die Variety
One of the most famous varieties is the Doubled Die Obverse (DDO). This error happened when the coin’s design was struck twice, creating a noticeable doubling effect on the date and inscriptions. DDO coins are extremely rare and can be worth thousands of dollars.
4. Accented Hair Variety
The “Accented Hair” Kennedy Half Dollar features extra details on Kennedy’s hair. This version came from an early production run and is rarer due to a design change requested by Jacqueline Kennedy. Collectors highly prize this coin.
5. Mint Mark
The 1964 Kennedy Half Dollar was minted in Philadelphia (no mint mark) and Denver (marked with a “D”). While both versions are collectible, higher-grade coins from the Denver Mint are especially valuable.
Table of Key 1964 Kennedy Half Dollar Varieties
| Variety | Mint Mark | Estimated Value (MS-65 and Above) | Key Feature |
|---|---|---|---|
| Standard 1964 | None | $50 – $150 | 90% silver composition |
| Standard 1964-DD | D | $50 – $150 | Minted in Denver |
| Accented Hair | None | $500 – $3,000 | Extra hair details, early production |
| Doubled Die Obverse (DDO) | None | $1,000 – $5,000 | Doubling on the obverse design |
| 1964 SMS | None/D | $1,500 – $8,000 | Special Mint Set, sharper details |
Conclusion
The 1964 Kennedy Half Dollar is more than just a coin; it is a piece of American history that commemorates a beloved president. Its unique features, historical significance, and various collectible types make it a favorite among numismatists. Whether you are a seasoned collector or just starting, understanding the details of the 1964 Kennedy Half Dollar can help you appreciate its value and rarity.
1. What is the historical significance of the 1964 Kennedy Half Dollar?
The 1964 Kennedy Half Dollar was created to honor President John F. Kennedy after his assassination in 1963.
2. Why are some 1964 Kennedy Half Dollars considered rare?
Certain versions are rare due to their high grade, special mint sets, and unique varieties, such as the Doubled Die Obverse.
3. What is the difference between regular and Special Mint Set (SMS) coins?
SMS coins have sharper details and a higher quality finish than standard coins, making them more desirable to collectors.
4. How can I determine the value of my 1964 Kennedy Half Dollar?
The value depends on its condition, rarity, and whether it is a special variety. Consulting a numismatic guide or a professional can help.
5. Are there any unique features to look for in the Accented Hair variety?
Yes, the Accented Hair variety features extra details in Kennedy’s hair, making it rarer and more valuable.
