The 1964 Kennedy Half Dollar holds a special place among collectors and investors alike, not only due to its historical significance but also because it marks the last circulation coin in the U.S. minted with 90% silver content. Given its popularity and precious metal content, many wonder about the current value of this iconic coin. The worth of a 1964 Kennedy Half Dollar varies based on several factors including condition, mint mark, and silver prices. Here’s an in-depth look at how to determine the value of this cherished half dollar.
- Silver Content
Since the 1964 Kennedy Half Dollar contains 90% silver, its base value, or “melt value,” is directly tied to the current price of silver. The coin contains 0.36169 troy ounces of pure silver. Therefore, its melt value can be calculated by multiplying the current silver spot price by this amount of silver. For instance, if the current price of silver is $25 per ounce, the melt value of the coin would be around $9.04.
- Condition and Grading
The numismatic value of the 1964 Kennedy Half Dollar significantly depends on its condition. Coins are graded on a scale from Poor (PR) to Perfect Uncirculated (MS-70). Most circulated Kennedy half dollars are found in conditions ranging from Fine (F) to About Uncirculated (AU). Uncirculated coins, those that have no wear from circulation, fetch higher prices:
- Good to Very Good (G-VG): Minor wear and tear, clearly visible design — $9-$12
- Fine to Very Fine (F-VF): Light to medium wear, full details visible — $12-$15
- Extremely Fine (EF): Very light wear on only the highest points — $15-$20
- About Uncirculated (AU): Trace wear on less than half of the design — $20-$30
- Uncirculated (MS): No wear, sharp detail, lustrous — $30 and up, depending on the MS grade
In average condition, which typically ranges from Fine to Extremely Fine, a 1964 Kennedy Half Dollar is worth $18 in average condition.
- Mint Marks
The 1964 Kennedy Half Dollar was minted at the Philadelphia and Denver mints. Coins minted in Denver carry a “D” mint mark located below the eagle on the reverse side, while those from Philadelphia do not have a mint mark. Generally, there isn’t a large difference in value between the two mint marks unless the coins are in uncirculated or proof condition.
- Special Issues and Proofs
Proof coins, which are specially made with sharp detail and a mirror-like surface, were also minted in 1964 and are more valuable than their regular counterparts. These coins were produced at the Philadelphia Mint and bear no mint mark, but they are distinguished by their high-quality strike and finish. A 1964 proof Kennedy Half Dollar can range from $20 in basic proof condition to over $100 for those graded as PR-65 or higher by a reputable grading service.
- Market Trends
The numismatic market can fluctuate based on economic conditions, collector demand, and silver prices. Staying informed about these trends can help you understand when might be a good time to buy or sell a 1964 Kennedy Half Dollar.
The 1964 Kennedy Half Dollar is more than just currency; it’s a piece of American history. Its value can vary widely, influenced by its condition, silver content, and collector demand. For those looking to sell, it’s wise to have the coin appraised by a professional, especially if it appears to be in uncirculated or proof condition. Collectors might treasure this coin not just for its material value but for its historical and sentimental worth, making it a cherished item in any collection.