$5.9 Million Kennedy Half Dollar- A Rare Gem Still In Circulation
The Kennedy Half Dollar, introduced in 1964 to honor President John F. Kennedy, has become a staple in American coinage.
While most of these coins hold modest value, a particular variant has recently garnered attention for its staggering worth of $5.9 million.
This article delves into the details of this extraordinary coin, its unique features, and how it might still be found in everyday transactions.
The Genesis of the Kennedy Half Dollar
In the wake of President Kennedy’s assassination in 1963, the U.S. Mint swiftly introduced the Kennedy Half Dollar in 1964.
The initial coins were composed of 90% silver, making them both a tribute and a valuable collectible. Over the years, the composition evolved:
- 1965–1970: 40% silver
- 1971–present: Copper-nickel clad
Despite changes in composition, the coin’s design remained largely consistent, featuring Kennedy’s profile on the obverse and the Presidential Seal on the reverse .
The $5.9 Million Variant: What Makes It Special?
The coin in question is believed to be a 1964 Special Mint Set (SMS) Kennedy Half Dollar. Several factors contribute to its immense value:
- Rarity: Only a handful of these SMS coins are known to exist.
- Condition: Graded as SP68 by the Professional Coin Grading Service (PCGS), indicating near-perfect preservation.
- Unique Features: Distinctive satin finish and sharp details set it apart from regular issues.
These attributes combine to make this coin one of the most coveted among collectors .
Identifying the Rare Kennedy Half Dollar
For enthusiasts hoping to discover this rare coin, here are key characteristics to look for:
- Date: 1964
- Finish: Satin-like appearance, differing from standard proofs
- Mint Mark: Absence of a mint mark
- Design Details: Sharper relief and more defined features compared to regular issues
It’s essential to consult with a professional numismatist or grading service to authenticate any potential finds.
Notable Kennedy Half Dollars
| Year | Variant | Composition | Estimated Value |
|---|---|---|---|
| 1964 | Special Mint Set (SMS) | 90% Silver | $5.9 Million |
| 1964 | Accented Hair Proof | 90% Silver | Up to $46,800 |
| 1967 | SMS, No Mint Mark, MS68 | 40% Silver | Approximately $7,000 |
| 1970 | Denver Mint, Low Mintage | 40% Silver | Varies |
| 1974-D | Double Die Obverse | Copper-Nickel | Varies |
The allure of discovering a $5.9 million Kennedy Half Dollar adds excitement to the world of coin collecting.
While the chances are slim, being informed about the distinguishing features of this rare coin increases the possibility of an extraordinary find. Always consult with professionals to authenticate and appraise any potential treasures.
FAQs
How can I determine if my 1964 Kennedy Half Dollar is the rare SMS variant?
Look for a satin finish and absence of a mint mark. However, professional grading is recommended for accurate identification.
Are there other valuable Kennedy Half Dollars besides the 1964 SMS?
Yes, variants like the 1964 Accented Hair Proof and 1967 SMS coins also hold significant value.
Where can I get my coin appraised?
Reputable coin grading services like PCGS or NGC offer appraisal and certification services.
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