The 1964 Kennedy Half Dollar holds a unique place in American numismatics. Struck in the wake of President John F. Kennedy’s assassination, this coin symbolizes a pivotal moment in U.S. history.
While millions of these coins were minted, certain factors make some 1964 Kennedy Half Dollars exceptionally rare and valuable. This guide will explore what makes these coins special, delving into their history, design, minting details, and the key features that drive their rarity.
Historical Background of the 1964 Kennedy Half Dollar
The 1964 Kennedy Half Dollar was introduced to honor the late President John F. Kennedy, following his tragic assassination in November 1963. The U.S. Mint acted quickly, and by early 1964, the first Kennedy Half Dollars were in circulation. This coin replaced the Franklin Half Dollar and became an instant collector’s item due to the nation’s emotional response to Kennedy’s death.
Key Features of the 1964 Kennedy Half Dollar
- Obverse Design: The obverse features a left-facing portrait of John F. Kennedy, designed by Gilroy Roberts, the U.S. Mint’s Chief Engraver at the time. The word “LIBERTY” arcs above Kennedy’s head, with the date “1964” below.
- Reverse Design: The reverse, designed by Frank Gasparro, showcases the Presidential Seal: an eagle holding an olive branch and arrows, encircled by stars and the inscription “UNITED STATES OF AMERICA” and “HALF DOLLAR.”
- Composition: Unlike later Kennedy Half Dollars, the 1964 coin was struck in 90% silver and 10% copper, giving it a total weight of 12.50 grams.
Why Is the 1964 Kennedy Half Dollar Considered Rare?
While the 1964 Kennedy Half Dollar was minted in large quantities, certain varieties and conditions of the coin are considered rare and highly collectible. Here’s why:
1. High-Grade Specimens
Coins in Mint State (MS) condition, particularly those graded MS-65 or higher, are rare and valuable. The grading scale for coins ranges from Poor (P-1) to Perfect Mint State (MS-70). High-grade examples of the 1964 Kennedy Half Dollar, especially those with full luster and minimal imperfections, command premium prices.
2. Special Mint Sets (SMS)
In 1964, a small number of Special Mint Sets (SMS) were produced, which are distinct from the standard Proof Sets. SMS coins typically exhibit sharper details and a higher quality finish. These sets are rare, and the 1964 Kennedy Half Dollar from an SMS is particularly sought after by collectors.
3. Doubled Die Variety
One of the most famous and valuable varieties of the 1964 Kennedy Half Dollar is the Doubled Die Obverse (DDO). This error occurred during the minting process when the coin’s design was struck twice, resulting in a noticeable doubling effect, particularly on the date and inscriptions. DDO coins are extremely rare and can fetch thousands of dollars at auction.
4. Accented Hair Variety
Another notable variety is the “Accented Hair” Kennedy Half Dollar. This version features extra hair details on Kennedy’s portrait and was part of an early production run. Jacqueline Kennedy, the late president’s wife, reportedly requested the design change, making the Accented Hair variety scarcer and more desirable.
5. Mint Mark
The 1964 Kennedy Half Dollar was minted in both Philadelphia (no mint mark) and Denver (marked with a “D”). While both versions are collectible, coins from the Denver Mint in higher grades are particularly 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-D | D | $50 – $150 | Minted in Denver |
| Accented Hair | None | $500 – $3,000 | Extra hair details, early production run |
| 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 |
Collecting and Investing in the 1964 Kennedy Half Dollar
For collectors and investors, the 1964 Kennedy Half Dollar presents an excellent opportunity. Here are some tips to consider:
- Focus on Condition: As with most coins, the condition is crucial. Coins graded MS-65 or higher are the most desirable. Look for coins with full luster, no significant marks, and sharp details.
- Identify Rare Varieties: The Accented Hair and Doubled Die Obverse varieties are particularly valuable. Educate yourself on how to spot these rare versions, as they can significantly increase the value of your collection.
- Consider Authentication: Given the value of some varieties, it’s wise to have your coins authenticated and graded by a professional service like PCGS or NGC. This can also provide peace of mind if you decide to sell your coins in the future.
Conclusion
The 1964 Kennedy Half Dollar is not just a coin; it’s a piece of American history, deeply connected to the legacy of John F. Kennedy. While millions were minted, certain varieties and high-grade examples stand out as particularly rare and valuable.
Whether you’re a seasoned collector or a newcomer to numismatics, understanding what makes the 1964 Kennedy Half Dollar rare can enhance your appreciation and potentially lead to lucrative investments.
Frequently Asked Questions (FAQs)
Why is the 1964 Kennedy Half Dollar significant?
The 1964 Kennedy Half Dollar was the first issued after President John F. Kennedy’s assassination and is significant for its historical context and 90% silver composition.
What is the value of a 1964 Kennedy Half Dollar?
Values range from $10 to $150 for standard coins in good condition, but rare varieties like the Doubled Die Obverse or Accented Hair can be worth significantly more.
How can I identify an Accented Hair 1964 Kennedy Half Dollar?
The Accented Hair variety has additional hair details on Kennedy’s portrait, particularly above the ear. This variety is rarer and more valuable.
What is a Doubled Die Obverse on a 1964 Kennedy Half Dollar?
A Doubled Die Obverse is a minting error where the obverse design is struck twice, creating a doubling effect. These coins are rare and highly collectible.
Should I have my 1964 Kennedy Half Dollar graded?
Yes, especially if you believe it’s a rare variety or in mint condition. Professional grading can authenticate the coin and potentially increase its value.
