In a remarkable turn of events, a rare 1964 Kennedy Half Dollar was recently discovered in a Midwest home, hidden away for decades.
This coin, often overlooked in everyday transactions, has now garnered significant attention due to its rarity and potential value. Experts suggest that this particular find could be worth a small fortune, making it a noteworthy piece in the world of numismatics.
The 1964 Kennedy Half Dollar: A Brief Overview
The 1964 Kennedy Half Dollar was introduced by the U.S. Mint as a memorial to President John F. Kennedy, who was assassinated in 1963. Struck in 90% silver, it was the last year the half dollar was minted with this high silver content. The coin features a left-profile portrait of Kennedy on the obverse, designed by Gilroy Roberts, and the Presidential Seal on the reverse, designed by Frank Gasparro.
Key Specifications
| Feature | Details |
|---|---|
| Composition | 90% Silver, 10% Copper |
| Weight | 12.50 grams |
| Diameter | 30.6 mm |
| Edge | Reeded |
| Mint Marks | Philadelphia (no mark), Denver (D) |
| Total Mintage | 433,460,212 |
The Discovery in the Midwest
In a recent estate sale in the Midwest, a family sorting through their late grandfather’s belongings stumbled upon a 1964 Kennedy Half Dollar. At first glance, it appeared to be a standard coin. However, upon closer inspection by a local coin dealer, it was identified as a rare variant, significantly increasing its potential value.
What Makes This Coin Valuable?
Several factors contribute to the high value of this particular 1964 Kennedy Half Dollar:
1. Special Mint Set (SMS) Coin
The coin is part of a Special Mint Set, a category of coins struck with a higher quality finish than regular circulation coins but not as polished as proof coins. These coins were produced in limited quantities and are highly sought after by collectors.
2. Exceptional Condition
Graded at MS67 by the Professional Coin Grading Service (PCGS), this coin is in near-perfect condition. Coins with such high grades are rare and command premium prices in the market.
3. Historical Significance
Minted just months after President Kennedy’s assassination, the coin holds historical significance, adding to its appeal among collectors and investors alike.
Market Value and Auction Records
Coins of this caliber have fetched impressive prices at auctions. For instance, a 1964 SMS Kennedy Half Dollar graded SP67 sold for a record $108,000 at a Heritage Auctions event in 2019. While this particular coin’s value may vary, it underscores the potential worth of such rare finds.
How to Identify a Rare 1964 Kennedy Half Dollar
To determine if you possess a valuable coin, consider the following steps:
- Examine the Coin’s Condition: Coins in mint state (MS) grades, especially MS65 and above, are more valuable.
- Check for SMS Characteristics: SMS coins have a distinctive satin-like finish and sharp details.
- Consult a Professional Grading Service: Have the coin evaluated by reputable organizations like PCGS or Numismatic Guaranty Corporation (NGC) to ascertain its grade and authenticity.
Preservation and Care
Proper handling and storage are crucial to maintaining the coin’s value:
- Use Soft Gloves: When handling the coin, wear soft cotton gloves to avoid transferring oils or dirt.
- Store in Protective Cases: Place the coin in acid-free holders or capsules to protect it from environmental damage.
- Avoid Cleaning: Do not clean the coin, as this can scratch and devalue it.
The discovery of a rare 1964 Kennedy Half Dollar in a Midwest home highlights the potential treasures that can be hidden in everyday items. With its unique characteristics, exceptional condition, and historical significance, this coin exemplifies the allure and value of rare numismatic finds. Collectors and investors alike should remain vigilant, as such opportunities can arise when least expected.
FAQs
How can I tell if my 1964 Kennedy Half Dollar is a Special Mint Set coin?
Look for a satin-like finish and sharp details. SMS coins were struck with special dies and have a unique appearance compared to regular circulation coins.
What is the significance of the MS67 grade?
An MS67 grade indicates that the coin is in near-perfect condition, with only minimal imperfections visible under magnification. Higher grades typically result in higher value.
Should I clean my 1964 Kennedy Half Dollar to improve its appearance?
No, cleaning a coin can scratch its surface and significantly reduce its value. It’s best to leave the coin in its current state and consult a professional for advice.
