1964 Half Dollar: Why Its Value Stands the Test of Time

The tragic loss of a leader, especially one of a sudden nature, is always a heartbreaking moment for the whole nation, and commemorating his or her legacy can be the best way to overcome this kind of devastation. The field of numismatics represents a traditional way of transmitting messages with the 1964 half dollar being the loudest one. And the JFK half dollar value goes far beyond its monetary profit.

Well, how much is a Kennedy half dollar worth these days? What is hidden behind the coins of 1964, and how to validate their authenticity? Check coin value and explore the origins of a notable instance right away. What if you miss something vital?.. 

The Legacy of JFK Trapped in the Coin

For sure, the 1964 Kennedy Half Dollar represents a significant period in American history, the resilience, and collective grief of the country at the same time. This coin, which was struck the months following President John F. Kennedy's assassination in November 1963, is a memorial built from the sorrow of a nation. 

Less than three months separated the idea from release, which emphasizes how urgent it was to pay tribute to Kennedy and provide the public with a reminder of his legacy that would stay forever.

The design of the coin, which features Frank Gasparro's version of the presidential seal on the reverse and Gilroy Roberts' portrait of John F. Kennedy on the obverse, reflects the key principles of unity, hope, and leadership that are dominant in the US. 

As a result, this numismatic instance successfully serves its original purpose as a means of preserving the memory of a beloved president whose presidency was fleeting. This is why the value of Kennedy half dollars was high from the very beginning.

Besides, this iteration of its type became the last half dollar minted with 90% silver for general circulation. The 1964 Kennedy Half Dollar was a coin with both monetary value and cultural meaning thanks to the combination of precious metal content and past significance, which guaranteed the 1964 half dollar value would endure throughout time.

Related article: 1972 Silver Dollar Value.

Composition and Key Specifications 

The Kennedy half dollar is probably one of (if not the most) indicative commemorative coins in numismatic history, which is why studying the basics of it is vital to determine the actual 1964 JFK half dollar value in the end. So, here is what you should be aware of before obtaining such an instance.

Metal Composition

The Kennedy Half Dollar is the last half dollar to have such a high silver content, with 90% silver and 10% copper included. Considering that each coin contains 0.3617 troy ounces of pure silver, its intrinsic worth is directly correlated with the current price of silver on the market. However, after 1964, rising silver rates forced the US Mint to cease this silver-rich composition. In 1965, the silver content was lowered to 40%, and by 1971, there was no silver left in circulating half dollars at all.

This composition is a major reason why the 1964 Kennedy Half Dollar has held its value throughout time, as the silver content provides a baseline value that fluctuates with the precious metals market. These coins often fetch higher prices, making them desirable to both investors and collectors alike.

Weight and Dimensions

Prior to the composition change, the 1964 Kennedy Half Dollar adhered to the standard requirements for US half dollars. These should have been as follows: 

• Weight: 12.5 grams

• Diameter: 30.6 mm

• Thickness: 2.15 mm

• Edge: Reeded with 150 reeds

Mint Marks and Production Figures

As usual, there were only two places responsible for the production of these coins: the Philadelphia Mint (no mint mark) which issued 273,304,004 coins, and the Denver Mint (the "D" mint mark) which manufactured 156,205,446 instances in total.

Design Elements

The development of the Kennedy half dollars urged the US Mint to involve two renowned engravers to collaborate and create a unique and memorable coin. 

Obverse (Front): This side was designed by Gilroy Roberts, and his creation effectively displays an impressive portrait of President John F. Kennedy facing left. "LIBERTY" is written over his head, "IN GOD WE TRUST" is placed beneath his chin, and the year "1964" is etched at the bottom.

Reverse (Back): As for the reverse side, it was designed by Frank Gasparro to feature a meticulous illustration of the Presidential Seal. This features a heraldic eagle with outstretched wings, holding a bundle of arrows in one talon and an olive branch in the other. 

Proof Versions

In addition to regular circulation striking, it was decided to issue a proof version of the coin to promote it among the collectors. In general, they should have been minted in Philadelphia (3,950,762), and they may boast crisp, frosted decorative elements and areas that resemble mirrors. 

What Makes a 1964 Kennedy Half Dollar Rare? 

Even though there were produced over 429 million 1964 Kennedy Half Dollars, several variations are still rare and valuable for a couple of reasons. Here are some of them. 

The Accented Hair Variety: Early Proof versions, the most valuable half dollars of 1964, feature more noticeable hair details above Kennedy’s ear. This design is extremely collectible, for it is present in only 1% to 3% of the 3.95 million Proofs that were struck! So as to identify this instance, look for a break in the lower left serif of the "I" in "LIBERTY" and a stronger hairline, too.

High-Grade Examples (MS67+): It is relatively uncommon to discover a 1964 Kennedy Half Dollar in Mint State 67 or higher due to its extensive circulation. Coins with flawless surfaces and full brilliance that are in excellent condition can be more valuable than expected.

Double Die Errors: Double die flaws on the obverse of certain 1964 coins impact inscriptions such as "LIBERTY" and "IN GOD WE TRUST." Double-die anomalies are always captivating, and this case is no exception.

1964 Special Mint Set (SMS) Coins: There are only a few 1964 SMS coins with crisp striking and a slick surface, but they were never formally released. Tens or thousands of dollars are guaranteed. 

Condition and Preservation: The silver content of many 1964 half dollars led to their hoarding or melting. The rarity and value of well-preserved copies in their original rolls or protective holders are rising, which is why we strongly recommend that you employ these coins as some sort of investment.

By the way, coin collecting can be easier if you employ tools like Coin ID Scanner. These may introduce one to the whole numismatic community, let them scan coins (even historic ones like 1943 pennies) in real time and gain relevant info about their types, and even keep track of their findings to arrange it on time. Try now to check. 

Market Value Analysis

Yes, indeed, the majority of coins in circulation are simple to locate, but some elements of unique, peculiar nature can have a big impact on market value for good. This is a thorough yet concise examination of the main factors influencing these coins' prices and current market patterns.

1. Silver Content Value

90% of the 1964 Kennedy Half Dollar is made of pure silver or 0.3617 troy ounces in other words. As a result, each coin has an intrinsic 1964 Kennedy half dollar value that is directly linked to the price of silver on the market. For instance, the coin's melt value would be as follows if silver was trading at $25 an ounce:

0.3617 x $25 = $9.04

2. Current Market Values

3. Rarity Premiums

4. Factors Influencing Value

Condition and Grade: Higher grades (MS67 or better) do increase the value of 1964 Kennedy half dollar due to rarity.

Silver Market Fluctuations: As silver prices rise or fall, the base value of the coin adjusts accordingly.

Collector Trends: Coins with unique features, like errors or rare varieties, are always in high demand, boosting their market value once and for all.

Authentication: Coins certified by top grading services like PCGS or NGC tend to fetch higher prices due to guaranteed authenticity and grade accuracy.

Finally, Here Is How to Authenticate Your Coin

The first step in determining the authenticity of your 1964 Kennedy Half Dollar comes down to the careful inspection of its details. "LIBERTY," "IN GOD WE TRUST," and the year 1964 should all be prominently shown on the obverse alongside a clear profile of John F. Kennedy. The intricate Presidential Seal featuring the eagle design can be found on the reverse side. 

Remember to check other features. The coin's dimensions should be 30.6 mm in diameter and 12.5 grams in weight. Since 90% of it is silver, it should not stick to a magnet as well. Moreover, the edge should be completely silver and free of any apparent copper core, and a light tap ought to make a distinct ringing sound.

Anyway, If still unsure, use a magnifying glass or get advice from a reputable grading service such as PCGS or NGC to confirm authenticity.

Sources: 

1. https://www.pcgs.com/coinfacts/category/kennedy-half-dollar-1964-date/125 

2. https://www.ngccoin.com/coin-explorer/united-states/half-dollars/kennedy-half-dollars-1964-date/16706/1964-50c-ms/