The 1964 Kennedy Half Dollar holds a special place in American numismatics, not only for its historical significance but also for its intrinsic value. Introduced shortly after President John F. Kennedy’s assassination, this coin has become a sought-after piece among collectors.
In this article, we will explore the factors that contribute to its value, including its silver content, unique varieties, and market demand.
Composition and Silver Content
The 1964 Kennedy Half Dollar is notable for its 90% silver composition, a characteristic it shares with earlier U.S. half dollars. Each coin contains approximately 0.3617 troy ounces of silver, giving it a substantial melt value.
As of March 21, 2025, with silver priced at $33.06 per ounce, the intrinsic silver value of the coin is about $11.96.
Market Value Based on Condition
Beyond its silver content, the coin’s condition significantly influences its market value. Here’s a breakdown:
- Circulated Condition: Typically valued between $12.25 and $13.
- Uncirculated (Mint State) Condition: Coins in mint state can command higher prices, with values ranging from $20 to $48 or more, depending on the grade.
- Proof Versions: Proof coins, especially those with cameo or deep cameo contrasts, are highly prized. A 1964 Proof Kennedy Half Dollar graded PF70 sold for $9,400.
Rare Varieties and Their Significance
Certain varieties of the 1964 Kennedy Half Dollar are particularly valuable:
- 1964 Special Mint Set (SMS) Kennedy Half Dollar
- Description: These coins exhibit a satiny finish and were not intended for public release, making them extremely rare.
- Value: One such coin sold for $108,000 at auction.
- 1964 ‘Accented Hair’ Proof
- Description: This variety features a unique hair design above Kennedy’s ear.
- Value: High-grade examples have fetched up to $19,975.
Factors Influencing Value
Several elements contribute to the value of the 1964 Kennedy Half Dollar:
- Silver Content: The coin’s 90% silver composition ensures a minimum value tied to current silver prices.
- Condition: Coins in better condition, especially those graded MS65 or higher, are more valuable.
- Rarity: Special varieties like the SMS and ‘Accented Hair’ proofs are rare and highly sought after.
- Market Demand: Collector interest and market trends can influence prices, with some coins fetching between $70,000 to $100,000 in mint condition.
| Condition/Variety | Estimated Value Range |
|---|---|
| Circulated | $12.25 – $13 |
| Uncirculated (MS65 or higher) | $70,000 – $100,000 |
| Proof (PF68) | Up to $9,400 |
| ‘Accented Hair’ Proof | Up to $19,975 |
| Special Mint Set (SMS) | Up to $108,000 |
Note: Values are approximate and subject to market fluctuations.
The 1964 Kennedy Half Dollar stands out not only for its historical context but also for its substantial silver content and the allure of rare varieties. Collectors and investors alike recognize its value, making it a cornerstone in American coin collections.
Whether you possess a circulated coin or a rare proof variety, understanding the factors that influence its worth is essential for any numismatist.
FAQs
How can I identify a 1964 ‘Accented Hair’ Kennedy Half Dollar?
Look for a more pronounced hair design above Kennedy’s ear; consulting a coin expert can provide confirmation.
What makes the 1964 Special Mint Set (SMS) Kennedy Half Dollar so valuable?
Its rarity and unique satiny finish, coupled with limited availability, significantly enhance its value.
Does the silver content of the 1964 Kennedy Half Dollar affect its value?
Yes, its 90% silver composition provides a base value linked to current silver prices, with additional value based on condition and rarity.