The 1964 Kennedy Half Dollar is a historically significant coin that holds substantial value among collectors. Minted shortly after President John F. Kennedy’s assassination, this coin was introduced as a tribute to his legacy. While millions of these half dollars were produced, certain rare varieties and high-grade specimens can command significant premiums at auction.
In this article, we’ll explore what makes the 1964 Kennedy Half Dollar valuable, the factors influencing its price, and how to identify rare versions of this sought-after coin.
Key Details About the 1964 Kennedy Half Dollar
| Feature | Description |
|---|---|
| Coin Type | 1964 Kennedy Half Dollar |
| Historical Significance | Minted to honor President John F. Kennedy after his assassination |
| Composition | 90% silver, contributing to its intrinsic value |
| Rare Variants | Special Mint Set (SMS) and Accented Hair variety |
| Notable Sale Price | Some high-grade examples have sold for up to $156,000 |
| Why It’s Valuable | Limited mintage, unique design, high-grade specimens, and silver content |
The History of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar was introduced just months after President Kennedy’s assassination in November 1963. The U.S. Mint fast-tracked its production, with the first coins struck in January 1964. Designed by Chief Engraver Gilroy Roberts, the obverse features Kennedy’s profile, while the reverse showcases the presidential seal with a heraldic eagle.
This was the last circulating half-dollar coin made of 90% silver. Due to rising silver prices, the U.S. Mint reduced the silver content to 40% in 1965 and eliminated it entirely by 1971. The high silver content of the 1964 edition made it a popular coin to hoard, reducing the number of well-preserved specimens in circulation.
Although the 1964 Kennedy Half Dollar was minted in large numbers, certain variations and high-quality specimens remain rare and valuable.
What Makes Some 1964 Kennedy Half Dollars Worth Thousands?
1. Special Mint Set (SMS) Variety
One of the rarest and most valuable versions of the 1964 Kennedy Half Dollar is the Special Mint Set (SMS) variety. Unlike standard coins, these were produced with a unique satin finish, giving them a matte-like appearance.
The SMS Kennedy Half Dollars were never released for circulation and exist in extremely limited numbers. One of the finest known specimens, graded SP68, sold for $156,000 at auction in 2019. Collectors highly value these coins for their rarity and superior finish.
2. Accented Hair Variety
Early in the production process, some 1964 Kennedy Half Dollars featured a more pronounced hair design above Kennedy’s ear. The design was later modified to a smoother version, making the Accented Hair variety rare.
Collectors seek out Accented Hair coins, especially in high grades. Some examples have sold for thousands of dollars, with top-tier graded specimens commanding premium prices.
3. High-Grade Coins (MS & PR70)
Coin condition is a crucial factor in determining value. Coins are graded on a 1-70 scale, with MS (Mint State) and PR (Proof) 70 being perfect, flawless examples.
A 1964 Kennedy Half Dollar in PR70 sold for $9,400 at auction due to its pristine condition. Coins graded MS67 or higher can also fetch thousands, particularly if they have exceptional luster and sharp details.
4. Silver Content and Melt Value
The 1964 Kennedy Half Dollar contains 90% silver, which adds intrinsic value. Even if a coin isn’t rare, its silver content alone makes it worth more than its face value.
The exact value fluctuates with silver prices, but as of today, the melt value of a 1964 Kennedy Half Dollar is around $12-$15. This means even common, circulated coins hold value beyond collectibility.
How to Identify a Rare 1964 Kennedy Half Dollar
1. Check the Mint Mark
- Philadelphia Mint (No Mint Mark) – Most common
- Denver Mint (D Mint Mark) – Less common
- San Francisco Mint (S Mint Mark, Proof Coins) – More valuable in high grades
2. Look for Special Features
- Satin Finish – Indicates an SMS coin, which is highly valuable
- Accented Hair – Rare early version with more pronounced hair detail
3. Grade the Coin Professionally
Having the coin graded by NGC (Numismatic Guaranty Corporation) or PCGS (Professional Coin Grading Service) can provide an official assessment of its condition and authenticity.
Investment Potential of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar remains a strong investment due to its silver content, historical significance, and collector demand. Rare variations and high-grade examples continue to appreciate in value, making them an attractive option for numismatists and investors alike.
If you own one of these coins, especially in high-grade or rare varieties, it may be worth having it appraised to determine its full value.
Where to Buy and Sell Rare 1964 Kennedy Half Dollars
If you’re looking to buy or sell a valuable 1964 Kennedy Half Dollar, consider these options:
- Reputable Coin Dealers – Certified numismatists can help verify authenticity and grade
- Online Marketplaces – eBay and Heritage Auctions frequently list rare coins
- Auction Houses – High-value coins often sell at major auctions like Stack’s Bowers
To avoid counterfeits or misrepresented coins, always buy from trusted sources and seek professional grading when necessary.
FAQs About the 1964 Kennedy Half Dollar
A standard 1964 Kennedy Half Dollar is worth its silver melt value, which fluctuates with market prices but is typically around $12-$15. Higher-grade coins or rare varieties can be worth significantly more.
The most expensive known sale is a 1964 SMS Kennedy Half Dollar graded SP68, which sold for $156,000 at auction.
Look for distinguishing features like the Accented Hair variety or an SMS finish. Additionally, getting the coin professionally graded can help determine its rarity and value.
Yes, all 1964 Kennedy Half Dollars are composed of 90% silver. However, in 1965, the silver content was reduced to 40%, and by 1971, it was removed entirely.
You can have your coin appraised at reputable coin shops, grading services like PCGS or NGC, or at major numismatic events.