How much is a kennedy half dollar worth 1964

The 1964 Kennedy Half dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

How much is a kennedy half dollar worth 1964

Specifications

Type: Kennedy Half Dollar
Year: 1964
Face Value: $0.50
Composition: 90% silver, 10% copper
Silver Weight: .36169 oz.
Total Weight: 12.5 grams
Current Silver Bullion Value: $8.35

The US minted the 1964 half dollar with no mint mark and also the 1964 D half dollar. The mint mark, when present, can be found on the reverse side of the coin.

History

The Kennedy half dollars were minted in order to memorialize the late president John F. Kennedy. Congress authorized the minting of this coin about a month after Kennedy's tragic assassination. Production of these coins started in January 1964 and right away they became popular with collectors.

SeriesLocationQuantity Minted1964Philadelphia273,304,0041964 DDenver156,205,446

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $8.35 as of December 08, 2022. This melt value is calculated from the current silver spot price of $23.08 per ounce.

The value of these coins isn't all that high because most of them were hoarded by collectors after they were released to the public. It was also rare to see them in circulation, so most coins for sale will be in uncirculated condition.

The 1964 half dollar with no mint mark is worth around $12 in uncirculated condition with an MS 60 grade. The value is around $13 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $35.

The 1964 D half dollar is worth around $12 in uncirculated condition with an MS 60 grade. The value is around $13 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $45.

Proof coins with no mint mark are available and they are each valued at around $25 in PR 65 condition. There were 3,950,762 proof coins minted.

Accented Hair Variety

There is an accented hair variety for the proof version of this coin. The design was changed in order to make Kennedy's hair more detailed. There were other small changes made besides the hair but they are harder to notice. One theory as to why the design changed was because Jacqueline Kennedy wanted more detail in her late husband's hair.

Only about 1-3% of all proof coins have the accented hair so therefore these coins are more rare and more valuable. In PR 65 condition the value is around $100.

Grading System

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

The assassination of President John F. Kennedy on November 22, 1963, led to an outpouring of grief and shock, here and around the world. The day after his death, there was already talk of commemorating him on a circulating silver coin.

Follow this link to view a price chart for 1964 Kennedy silver half dollars

How much is a kennedy half dollar worth 1964

1964 Kennedy half dollar

The candidates for replacement were the Washington quarter, the Franklin half dollar, and the Peace dollar. The Peace dollar had not been minted since 1935, and millions sat unmoving in Treasury Department vaults. The President’s widow, Jacqueline Kennedy, did not think it appropriate to replace George Washington with the image of her late husband, so the Franklin half dollar was chosen to be replaced.

Work on the Kennedy half dollar began less than a week after the President’s death, with an eye toward starting production in January -- barely a month away. US Mint Chief Engraver Gilroy Roberts used Kennedy’s Presidential Medal that he had designed for JFK’s inauguration as the basis for the new coin’s obverse. Assistant Engraver Frank Gasparro sculpted the reverse of the coin, based on the Seal of the President of the United States.

The designs were reviewed by Jackie Kennedy and the late President’s brother Robert in mid-December, who asked for some small changes. Mrs. Kennedy thought the hair om JFK’s likeness was overworked in particular.

Actually changing the Franklin half for the new Kennedy required an Act of Congress. The Treasury Secretary could change coin designs by their own authority, but only for designs that were at least 25 years old. The Franklin half had only been in production for 15 years. Congress passed the law on December 30, 1963. Dies had already been sent to the Denver Mint in anticipation of the law’s passage.

1964 Kennedy Half Dollar Quick Facts

  • First Year of Issue
  • Designed in Less Than Five Weeks
  • Only Circulating Kennedy Half Dollar In 90% Silver
  • Some 1964 Halves Were Actually Struck in 1965
  • Mintages:
    • 1964: 273,304,004
    • 1964-D: 156,205,446

1964 Kennedy Half Dollar Values

With such a massive mintage, 1964 Kennedy half dollars are affordable across the board. Even though millions have been melted for their silver content, they are still quite common. That 90% silver content does lend to their prices being a bit more than 40% or copper-clad mintages, as does the fact that they are a first-year issue.

1964 Kennedy Half Dollar Values [Chart]

IssueVF25XF45AU55MS61MS63MS65

1964$16$16$16$18$22$40

1964-D$16$16$16$18$22$45

How Did They Make So Many 1964 Kennedy Halves?

More than 429 million 1964 Kennedy half dollars were struck, between the Philadelphia and Denver Mints. This is more than the total sixteen-year mintage of Franklin half dollars. How did the Mint pull this off?

The answer lies in Congress’s response to the coin shortage crisis of the early 1960s. Due to rising silver prices, people were hoarding every dime, quarter, and half dollar that they could get their hands on. This was causing the economy to nearly grind to a halt.

The solution was to change the composition of silver coins to a copper-nickel cladding over a copper core. (The 1965 Kennedy half dollar would switch from a solid 90% silver alloy to a mostly silver cladding over a mostly copper core for an effective 40% silver content.)

The Mint continued to make 90% silver coins while production of clad coinage was gearing up. To prevent a collectible variety, silver coins struck in 1965 kept the 1964 date. This means that 1964 and 1964-D Kennedy silver half dollars were actually struck for almost two years.

Major 1964-D Kennedy Half Dollar Varieties

The Denver Mint had a rough start to Kennedy half dollar production in 1964, resulting in many different types of error coins. (The Denver Mint would go on to be the source of most of the Kennedy half dollar error coins.) Nine different varieties of the 1964-D Kennedy half dollar (including the regular 1964-D) are recognized by the major coin grading services. These varieties include one repunched mintmark, and four different Doubled Die Obverses. There are also two unusual Tripled Die Obverses and a rare Quadrupled Die Obverse.

Several of these varieties are indistinguishable from normal circulated 1964-D Kennedy halves in worn condition, resulting in no data for them in grades lower than About Uncirculated.

Major 1964-D Kennedy Half Dollar Varieties [Chart]

VarietyXF45MS63

1964-D DDO FS-104n/a$225

1964-D/D FS-502n/a$115

1964-D QDOn/a$85

1964-D DDO FS-106n/a$85

1964-D/D$19$80

1964-D DDOn/a$60

1964-D TDO$18$55

1964 Proof Kennedy Half Dollar Values

Nearly 4 million proof Kennedy half dollars were struck in 1964. Since these were far more likely to be held by numismatists, Mint State 1964 proof Kennedy halves are still readily available.

One popular variety is the Accented Hair 1964 proof Kennedy half dollar. An unknown number of proof coins were struck using the original design dies in early January 1964. Kennedy’s widow thought the hair was over-emphasized, and a modified design was used for circulation and later proof strikes.

How much is a kennedy half dollar worth 1964

Image courtesy of PCGS

1964 Kennedy Proof Half Dollar Values [Chart]

IssueVF25XF45AU55MS61MS63MS65

1964n/an/a$10$12$15$25

1964 Accented Hairn/a$10$14$32$55$90

1964 SMSn/an/an/an/an/a$21,500

The Mystery of the 1964 SMS Kennedy Half Dollar

The rarest 1964 Kennedy half dollar is the “SMS” Kennedy. No one knows for sure where they came from or how they were made. They have a very sharp strike and a satin finish. There are die polishing lines on the fields, but no contact marks at all, indicating that they were carefully made one at a time.

Unlike early proof 1964 Kennedy halves, the SMS coins do not use the original Accented Hair dies, but do use an early version of the reverse die. NGC has only certified six of these mystery 1964 SMS Kennedy half dollars. PCGS counts twelve. The auction record for the 1964 SMS Kennedy half is $156,000 for a specimen grading SP68 in 2019.

Curiously, other 1964 coin denominations with the same finish are known, leading to speculation that they all were part of an experimental numismatic coin set struck by the Philadelphia Mint in 1964. A complete 1964 SMS coin set has yet to appear in public, suggesting all of them have been broken up and the coins sold individually.

The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.

How do I know if my 1964 Kennedy half dollar is rare?

The rarest 1964 Kennedy half dollar is the “SMS” Kennedy. No one knows for sure where they came from or how they were made. They have a very sharp strike and a satin finish. There are die polishing lines on the fields, but no contact marks at all, indicating that they were carefully made one at a time.

What makes a 1964 Kennedy half dollar?

1964 was the first year Kennedy half dollars were produced, and the last year half dollars were struck in 90% silver. After that, Kennedy half dollars were struck in a 40% alloy from 1965 until 1970, when they were converted to a copper-nickel alloy.

Which Kennedy half dollars are worth the most?

10 Most Valuable Kennedy Half Dollar: Complete Value Guide.
1964 P Kennedy Half Dollar: Heavily Accented Hair $19,975..
1968 S Kennedy Half Dollar $12,000..
1966 P Kennedy Half Dollar $9,987.50..
1977 D Kennedy Half Dollar: Struck on a Silver Planchet $6,600..
1969 D Kennedy Half Dollar $6,600..
1970 D Kennedy Half Dollar $6,300..

How do I sell my 1964 Kennedy half dollar?

Buying and Selling Kennedy Half Dollars If you would like to discuss buying or selling 1964 Kennedy half dollars, call us at 1-800-528-1380.