The Kennedy Half Dollar, introduced in 1964, stands as a significant piece in American numismatic history. Minted to honor President John F. Kennedy following his assassination in 1963, this coin has evolved over the decades, reflecting changes in composition, design, and public sentiment.
Historical Background
The inception of the Kennedy Half Dollar was swift, with Congress authorizing its creation just over a month after President Kennedy’s death.
The obverse features a left-profile portrait of Kennedy, designed by Gilroy Roberts, while the reverse showcases a modified Presidential Seal, crafted by Frank Gasparro.
Design and Specifications
The Kennedy Half Dollar has undergone several changes in its composition:
| Year(s) | Composition | Weight (g) | Diameter (mm) | Edge |
|---|---|---|---|---|
| 1964 | 90% silver, 10% copper | 12.50 | 30.6 | Reeded |
| 1965–1970 | Outer layer of 80% silver, 20% copper clad to core of 79% copper, 21% silver (total 40% silver) | 11.50 | 30.6 | Reeded |
| 1971–present | Outer layer of 75% copper, 25% nickel clad to pure copper core | 11.34 | 30.6 | Reeded |
These adjustments were primarily influenced by the rising cost of silver and the need to adapt to economic conditions.
Role in U.S. Commemorative Coins
While the Kennedy Half Dollar was initially a circulating coin, its commemorative significance has been profound:
- Bicentennial Edition (1975–1976): The reverse design temporarily featured Independence Hall in Philadelphia to celebrate the United States Bicentennial.
- 50th Anniversary Edition (2014): A special edition was minted in 99.99% gold, marking the 50th anniversary of the coin’s release.
These editions highlight the coin’s role in commemorating significant national events and milestones.
Collectibility and Value
The Kennedy Half Dollar remains popular among collectors, with certain editions and mintages commanding significant value:
- 1967 Special Mint Set Coins: Coins from this year, especially those with a higher quality finish and graded as “MS 68” with the “Ultra Deep Cameo” designation, have fetched up to $7,000 at auctions.
- 1984 Olympic Commemorative Coin: A rare, uncirculated $10 coin minted to commemorate the 1984 Los Angeles Olympics sold for $1,170 at auction, showcasing the value of limited-edition commemorative coins.
The coin’s value is influenced by factors such as rarity, condition, historical significance, and unique design elements.
Conclusion
The Kennedy Half Dollar holds a unique place in U.S. coinage, bridging the gap between circulating currency and commemorative memorabilia. Its evolving design and composition reflect the nation’s history and economic shifts, while its commemorative editions honor significant national events.
For collectors and enthusiasts, the Kennedy Half Dollar offers a tangible connection to pivotal moments in American history.
FAQs
What is the current composition of the Kennedy Half Dollar?
Since 1971, the coin has been composed of an outer layer of 75% copper and 25% nickel, clad to a pure copper core.
Are Kennedy Half Dollars still in circulation?
Yes, while their circulation has diminished over the years, the U.S. Mint continues to produce them, primarily for collectors. In 2021, the mint resumed striking Kennedy half dollars for general circulation.
What factors determine the value of a Kennedy Half Dollar?
The value is determined by factors such as rarity, condition (grade), historical significance, minting errors, and unique designations like “Ultra Deep Cameo.
