The 1964 Kennedy Half Dollar is more than just currency—it’s a symbol of a nation’s mourning, a tribute to a beloved president, and a highly sought-after collectible. Minted after the assassination of President John F. Kennedy, this coin holds a special place in both American history and the world of numismatics. Its historical significance, 90% silver content, and unique variations make it one of the most prized U.S. half-dollar coins ever produced.
This guide explores the coin’s history, composition, mintage, key variations, and market value to help collectors and investors understand its significance.
Historical Perspective: Honoring a Beloved President
President John F. Kennedy was assassinated in Dallas, Texas, on November 22, 1963. The nation was in shock, and a rapid decision was made to honor his legacy through the half-dollar coin. Replacing the Franklin Half Dollar, the first Kennedy half dollars were struck just months after his death in early 1964.
The American public’s admiration for Kennedy resulted in an unprecedented demand for the new coin. People lined up at banks to obtain these half dollars, many of which were hoarded as mementos rather than circulated. This intense interest solidified the Kennedy Half Dollar’s place in American numismatic history.
Silver Content and Composition: The Last 90% Silver Half Dollar
One of the biggest reasons why the 1964 Kennedy Half Dollar is so valuable is its high silver content. The coin is composed of:
- 90% Silver
- 10% Copper
- Total weight: 12.50 grams
- Silver weight: 0.3617 troy ounces
Following rising silver prices, the U.S. Mint reduced the silver content in later half dollars:
- 1965-1970: Reduced to 40% silver
- 1971-Present: No silver content, replaced with copper-nickel clad composition
Because of this shift, the 1964 Kennedy Half Dollar remains the last regularly issued U.S. half dollar to feature 90% silver, increasing its appeal among collectors and investors alike.
Mintage and Availability: How Many Were Made?
Due to overwhelming demand, the U.S. Mint produced over 430 million Kennedy Half Dollars in 1964 across two mint locations:
- Philadelphia Mint: 277,254,766 coins (No mint mark)
- Denver Mint: 156,205,446 coins (D mint mark)
Despite the high mintage, many coins were hoarded or later melted down for their silver content. As a result, while common in circulated condition, high-quality uncirculated or proof specimens are much rarer and command premium prices.
What Makes the 1964 Kennedy Half Dollar Desirable?
Several factors contribute to the enduring appeal of this historic coin:
1. High Silver Content
The 90% silver composition makes this coin highly valuable for both collectors and investors in precious metals.
2. Historical Significance
Minted as a tribute to John F. Kennedy, this coin remains an emotional and historical connection to the turbulent events of the 1960s.
3. Collectible Variations
Certain varieties, such as the “Accented Hair” Proof variety and high-grade specimens, are especially prized by collectors and can fetch significantly higher prices.
Key Variations and Their Value
While most 1964 Kennedy Half Dollars are considered common, specific variations and high-quality specimens can be extremely valuable.
1. Accented Hair Variety (Proof Only)
- Features more pronounced hairlines above Kennedy’s ear.
- Found only on early proof coins from Philadelphia.
- Scarce and more valuable than regular proof coins.
2. High-Grade Specimens (MS68 or Higher)
- Coins in MS68 or higher grades are exceptionally rare.
- In May 2024, a 1964 Kennedy Half Dollar graded MS68 sold for $57,600 at auction.
3. Special Mint Sets (SMS) – 1964 SMS Kennedy Half Dollar
- Features a distinct satin finish.
- Produced in very limited quantities, making them highly valuable among collectors.
Current Market Value of the 1964 Kennedy Half Dollar
The value of a 1964 Kennedy Half Dollar depends on condition, variety, and grade:
| Condition/Variety | Estimated Value |
|---|---|
| Circulated Condition | $10 – $15 |
| Uncirculated (MS60-MS63) | $20 – $50 |
| High-Grade (MS65-MS67) | $100 – $2,500 |
| MS68+ | $30,000+ |
| Accented Hair Proof | $50 – $3,000 |
| 1964 SMS Kennedy Half Dollar | $5,000 – $50,000+ |
Note: Prices fluctuate based on market demand, silver prices, and collector interest.
How to Determine the Value of Your 1964 Kennedy Half Dollar
If you own a 1964 Kennedy Half Dollar, here’s how to assess its value:
Check the Mint Mark – Located on the reverse (Denver ‘D’ or none for Philadelphia). Examine for Variations – Look for Accented Hair proof coins or rare SMS specimens. Evaluate Condition – Higher grades fetch higher prices; uncirculated coins hold the most value. Weigh the Coin – Ensure it’s 90% silver and not a later composition. Authenticate Rare Finds – Send to PCGS, NGC, or ANACS for professional grading.
FAQs About the 1964 Kennedy Half Dollar
Q: Why is the 1964 Kennedy Half Dollar special?
A: It was the first Kennedy Half Dollar minted after JFK’s assassination and the only one struck in 90% silver for general circulation.
Q: What is the “Accented Hair” variety?
A: A proof variety with distinctive hair detailing above Kennedy’s ear, making it rarer and more valuable than standard proofs.
Q: How much silver is in a 1964 Kennedy Half Dollar?
A: Each coin contains 0.3617 troy ounces of pure silver.
Q: How can I determine the value of my 1964 Kennedy Half Dollar?
A: The value depends on condition, mint mark, and variety. Uncirculated and rare variations generally command higher prices.
Final Thoughts: A Timeless Piece of American History
The 1964 Kennedy Half Dollar remains one of the most treasured U.S. coins, combining historical significance, high silver content, and collectibility. Whether you’re a seasoned numismatist, a casual collector, or an investor, this coin is a must-have in any collection.
With its enduring appeal and the growing scarcity of high-quality examples, the 1964 Kennedy Half Dollar continues to be a valuable and iconic piece of U.S. coinage—both as a tribute to President John F. Kennedy and as a coveted collectible in numismatics.
