The 1964 Kennedy Half Dollar holds a special place in American numismatics, not only for its historical significance but also for its potential value to collectors. While many of these coins are common, certain rare varieties can command prices as high as $47,000 or more. Understanding the distinctions between these coins is essential for any collector or enthusiast.
A Brief History of the 1964 Kennedy Half Dollar
Introduced shortly after President John F. Kennedy’s assassination in November 1963, the Kennedy Half Dollar was minted in 1964 to honor the late president. This coin replaced the Franklin Half Dollar and was initially struck with a composition of 90% silver and 10% copper.
Due to a coin shortage and rising silver prices in the early 1960s, the U.S. Mint produced over 429 million of these coins in 1964 alone. In subsequent years, the silver content was reduced to 40% and eventually eliminated to discourage hoarding.
Identifying the Rare 1964 SMS Kennedy Half Dollar
Among the millions of 1964 Kennedy Half Dollars, a select few belong to the Special Mint Set (SMS) category. These coins are distinguished by their unique characteristics:
- Satin Finish: Unlike the mirror-like surfaces of proof coins, SMS coins exhibit a smooth, satin finish.
- Sharp Details: SMS coins are struck with exceptional detail, often displaying a square wire rim and absence of contact marks.
- Die Markers: Notably, some SMS coins feature a “dangling 4,” a teardrop-shaped mark below the ‘4’ in the date.
These coins are exceedingly rare, with only about a dozen known examples. Their origin remains somewhat mysterious, though it’s speculated they may have been experimental strikes or special issues not intended for general circulation.
Valuation and Auction Records
The rarity and unique features of the 1964 SMS Kennedy Half Dollar make it highly sought after by collectors. Auction records highlight its significant value:
| Auction Date | Grade | Auction House | Realized Price |
|---|---|---|---|
| April 2019 | SP67 | Heritage Auctions | $108,000 |
| September 2016 | SP67 | Heritage Auctions | $47,000 |
These figures demonstrate the substantial premiums that rare varieties can achieve in the numismatic market.
How to Determine If You Have a Valuable 1964 Kennedy Half Dollar?
To assess whether your 1964 Kennedy Half Dollar is of significant value, consider the following steps:
- Examine the Finish: A satin or matte finish may indicate an SMS coin.
- Inspect for Die Markers: Look for the “dangling 4” beneath the date.
- Evaluate the Strike Quality: Sharp details and the absence of contact marks are positive indicators.
- Consult a Professional: Have the coin authenticated and graded by a reputable service such as PCGS or NGC.
While the majority of 1964 Kennedy Half Dollars are common and valued primarily for their silver content, rare varieties like the SMS coins can be exceptionally valuable. If you believe you possess one of these rare coins, consulting with a numismatic expert can provide clarity and potentially lead to a significant financial reward.
FAQs
What makes the 1964 SMS Kennedy Half Dollar so valuable?
Its rarity, unique satin finish, sharp details, and mysterious origin contribute to its high value.
How can I tell if my 1964 Kennedy Half Dollar is an SMS coin?
Look for a satin finish, sharp details, absence of contact marks, and specific die markers like the “dangling 4.”
What is the difference between a regular 1964 Kennedy Half Dollar and an SMS version?
Regular coins were mass-produced for circulation with a standard finish, while SMS coins have a satin finish and were struck with higher precision, intended for special mint sets.
Are all 1964 Kennedy Half Dollars made of silver?
Yes, all 1964 Kennedy Half Dollars were composed of 90% silver and 10% copper.
Where can I get my 1964 Kennedy Half Dollar appraised?
Consult reputable coin dealers or professional grading services like PCGS or NGC for an accurate appraisal.
