The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
Shortly following the assassination of President John F. Kennedy in Dallas, Texas, on November 22, 1963, Congress expedited the approval of redesigning the half dollar to honor the nation's fallen president. The first Kennedy half dollar was released in early 1964, replacing the Franklin half dollar that debuted only 16 years earlier in 1948.
The Kennedy half dollar, with the obverse designed by Gilroy Roberts and the reverse by Frank Gasparro, was an immediate hit; millions of mourning Americans jumping on the opportunity to own a "souvenir" of Kennedy for only 50 cents. This led many into thinking the Kennedy half dollar is inherently more valuable or worthy of saving than other half dollars and soon helped lead to an effective removal of the half dollar from circulation. By the early 1980s, the denomination had become virtually non-existent in day-to-day transactions, even though the half dollar remained on the lineup of business-strike circulating coinage until 2002.
No single issue of the Kennedy half dollar is rare, though any business-strike pieces grading better than MS66 or MS67 is largely regarded as a conditional rarity. There are also scarce varieties such as the 1974 doubled die obverse, 1982 no FG, and 1998-S matte finish. Several issues were made in relatively small quantities for distribution only in mint sets, including the 1970-D, 1987 Philadelphia and Denver pieces, and all made since 2002.
Obverse Description
Portrait of President John F. Kennedy surrounded by the word LIBERTY on the periphery. IN GOD WE TRUST appears left and right of the portrait with the date at the bottom.
Reverse Description
The heraldic eagle holding arrows and branch of olive leaves with a full circle of stars around it. UNITED STATES OF AMERICA * HALF DOLLAR surround the periphery. The mint mark, if any, appears under the eagle's left talon.
Book Reference
Designers: Obverse: Gilroy Roberts; Reverse: Frank Gasparro. Weight: 12.5 grams. Composition: .900 silver, .100 copper (net weight .36169 oz. pure silver). Starting in 2019, silver Proofs are .999 fine. Diameter: 30.6 mm. Edge: Reeded. Mints: Philadelphia, Denver, San Francisco, West Point.
Key to Collecting: Following the assassination of President John F. Kennedy on November 22, 1963, his successor in the office, Lyndon B. Johnson, and others, were enthusiastic about memorializing him on the half dollar. This was done, and the Franklin issue was terminated far short of the standard 25-year minimum then in effect for designs of circulating coins (the same thing happened in 1930 when the relatively shortlived Standing Liberty quarter was ended). Kennedy half dollars were immediately popular not only in the United States but all over the world. Vast quantities were hoarded. Only in the first year, when pieces were made at both Philadelphia and Denver, was the .900 fine silver alloy used for general circulation, thus for a long time 1964 was considered to constitute the short-lived type. However, beginning in 1992 at the San Francisco Mint, silver-content Proofs of this style were made for collectors, a surprising continuation of this type. The U.S. Mint marked the 50th year of the Kennedy half dollar in 2014 with silver coins struck as a Proof, a Reverse Proof, an Enhanced Uncirculated strike, and an Uncirculated strike. Circulated examples of 1964 are very common but not relevant for type-set purposes as Mint State and Proof coins are plentiful and inexpensive.
Aspects of Striking and Appearance: Usually quite well struck.
Proof Coins: Plentiful, well struck, and usually attractive. Those of 1964 were struck at the Philadelphia Mint. Silver Proofs from 1992 to date have been struck at the San Francisco Mint. In 1998, a special Matte Proof silver Kennedy half dollar was struck for inclusion in the Robert F. Kennedy commemorative coin set. The Reverse Proof of the 2014 50th Anniversary set was struck at West Point. In 2019 the Mint changed the silver fineness of its Proof dimes, quarters, and half dollars from .900 to .999.
Catalog Information
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Subject: I would like to contribute catalog info to CDN for Kennedy Half Dollar 50c 90% Silver, 1964 MS [Type]
Body: Referring page: http://dev.greysheet.com/prices/item/kennedy-half-dollar-business-strike-ninety-percent-silver/gsid/24983 GSID: 24983 Title: Kennedy Half Dollar 50c 90% Silver, 1964 MS [Type]
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$26,500 | $1,234 |
| MS68 | - | $24,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
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