The 1964 Kennedy Half Dollar holds a special place in American numismatics, not only for its historical significance but also for its potential to yield substantial financial returns. While many of these coins are common, certain rare varieties and errors can fetch up to $50,000 at auction.
This article delves into the factors that contribute to such high valuations, helping you identify if your 1964 Kennedy Half Dollar is a hidden treasure.
The Genesis of the 1964 Kennedy Half Dollar
Following the tragic assassination of President John F. Kennedy in November 1963, the U.S. Mint swiftly introduced the Kennedy Half Dollar in 1964 to honor his legacy.
The coin’s obverse features a portrait of Kennedy, designed by Gilroy Roberts, while the reverse showcases the Presidential Seal, crafted by Frank Gasparro.
The initial release saw an overwhelming public response, leading to extensive hoarding and a significant impact on coin circulation.
Key Factors Influencing Value
Several factors can elevate the value of a 1964 Kennedy Half Dollar:
- Special Mint Set (SMS) Coins: A limited number of 1964 SMS Kennedy Half Dollars were produced, characterized by a unique satin finish and sharp details. With only about a dozen known examples, these coins are exceptionally rare. In 2016, one such coin sold for $47,000 at auction.
- Accented Hair Variety: Early proof versions display more pronounced hair above Kennedy’s ear, known as the “Accented Hair” variety. Approximately 1-3% of the nearly four million proof coins minted exhibit this feature, making them more valuable to collectors.
- Doubled Die Varieties: Some 1964 Kennedy Half Dollars feature doubling in the inscriptions, notably in “WE TRUST” and “LIBERTY.” These doubled die errors are sought after by collectors and can command higher prices.
- High-Grade Proofs: Coins graded as Proof 68 or higher, especially those with Deep Cameo contrast, are rare and can fetch premium prices. For instance, a PR69DCAM coin can sell for $2,000 or more.
Identifying Valuable 1964 Kennedy Half Dollars
To determine if your coin is among the valuable varieties, consider the following characteristics:
- Special Mint Set (SMS) Indicators: Look for a satin-like finish, sharp details, and the absence of contact marks. These coins also exhibit die polishing lines and a “dangling 4″—a teardrop-shaped mark below the “4” in the date.
- Accented Hair Features: Examine the hair above Kennedy’s ear for additional incised lines. Additionally, the lower left serif of the “I” in “LIBERTY” appears truncated or missing on these coins.
- Doubled Die Signs: Use a magnifying glass to inspect the inscriptions, especially “WE TRUST” and “LIBERTY,” for signs of doubling.
- Proof Coin Quality: High-grade proofs have mirror-like fields and frosted devices. Coins with Deep Cameo contrast are particularly valuable.
Value Comparison Table
| Coin Type | Approximate Value Range |
|---|---|
| Circulated 1964 Kennedy Half Dollar | $12 – $12.75 |
| Accented Hair Proof (PR68) | $200 – $1,400 |
| Doubled Die Obverse/Reverse | Varies; generally higher than standard proofs |
| Special Mint Set (SMS) | Up to $47,000 |
| High-Grade Proof (PR69DCAM) | $2,000 or more |
Note: Values are approximate and can vary based on market demand and coin condition.
Preserving and Appraising Your Coin
If you believe you possess a valuable 1964 Kennedy Half Dollar, proper preservation is crucial:
- Handling: Always hold the coin by its edges to avoid fingerprints.
- Storage: Keep the coin in a protective holder to prevent exposure to air and moisture.
- Appraisal: Consult a reputable coin dealer or grading service for a professional assessment.
While many 1964 Kennedy Half Dollars are common, certain rare varieties and high-grade specimens can be exceptionally valuable.
By understanding the distinguishing features of these coins and seeking professional appraisal, you might discover that your half dollar is worth far more than its face value.
FAQs
What makes the 1964 SMS Kennedy Half Dollar so valuable?
Its rarity, with only about a dozen known examples, and unique characteristics like a satin finish and sharp details contribute to its high value.
How can I identify an Accented Hair variety?
Look for pronounced hair above Kennedy’s ear and a truncated or missing lower left serif on the “I” in “LIBERTY.”
What is a doubled die error?
It’s a minting error where the die imprints a doubled image, noticeable in inscriptions like “WE TRUST” and “LIBERTY.”