The Kennedy Half Dollar might seem like a common coin, but some rare versions of it are worth millions. In fact, a rare Kennedy Half Dollar has been valued at $19.9 million—and it could still be in circulation, waiting to be discovered.
Let’s take a closer look at how this coin became so valuable and what to look for in your own change.
What Is the Kennedy Half Dollar?
The Kennedy Half Dollar was first issued in 1964 to honor President John F. Kennedy after his tragic assassination in 1963. The coin features Kennedy’s profile on the front (obverse) and the U.S. Capitol building on the back (reverse).
Over the years, the coin has undergone some design changes, but it remains a significant part of U.S. currency. While most Kennedy Half Dollars are worth just 50 cents, some rare versions are worth a lot more.
Why Is a Kennedy Half Dollar Worth $19.9 Million?
So why would a Kennedy Half Dollar be worth almost $20 million? Here’s the reason:
- Rarity: The rarest Kennedy Half Dollars are error coins or those made during specific years with unusual minting mistakes. For example, a few 1964-D Kennedy Half Dollars were accidentally struck with a silver planchet instead of the usual copper-nickel. These errors are incredibly rare and extremely valuable.
- Historical Significance: Since the coin was created to honor President Kennedy, it holds significant historical value. Coins that commemorate key moments in history tend to become highly sought after by collectors, especially if they’re rare or unique.
- High Demand: Collectors constantly seek rare coins, and as demand rises, so does the price. The 1964-D silver Kennedy Half Dollar is particularly coveted, with one coin being sold for $19.9 million in a private auction.
How to Spot a Rare Kennedy Half Dollar
To determine if you have a rare Kennedy Half Dollar, you’ll need to know what to look for:
- Check the Year: The most valuable coins are from specific years, especially 1964 (the first year it was minted) and 1964-D (which contains the accidental silver planchets).
- Look for Errors: Coins with minting mistakes—like double strikes, missing details, or unusual metal compositions—are worth much more. A silver planchet error, for example, can make a coin worth millions.
- Condition Matters: Like any collectible, condition plays a huge role in a coin’s value. Coins that are in near-perfect condition will be worth significantly more than worn-out versions. Coins with a high MS (Mint State) grade are particularly valuable.
Where to Find Rare Kennedy Half Dollars
Although rare Kennedy Half Dollars are harder to find, they could still be out there:
- Check Your Change: Rare coins sometimes turn up in pocket change, especially if they’ve been circulating for years. Take a close look at your half dollars, particularly the older ones from 1964 to 1970.
- Coin Shops and Dealers: You can also find rare Kennedy Half Dollars in coin shops or from reputable dealers. Sometimes, collectors trade these coins in, and you might get lucky by finding one with a high value.
- Estate Sales and Flea Markets: Old coins may turn up in estate sales or flea markets where people don’t realize their true worth. Keep your eyes peeled for coins from the 1960s that might be worth more than their face value.
What to Do If You Find a Valuable Kennedy Half Dollar
If you believe you’ve found a rare Kennedy Half Dollar, here’s what to do:
- Handle Carefully: Avoid cleaning the coin, as it can reduce its value. Handle it by the edges and store it in a protective case to keep it in good condition.
- Get It Graded: To determine its authenticity and value, take the coin to a professional grading service. Companies like PCGS and NGC can evaluate its grade and verify if it’s worth millions.
- Consider Selling: If your coin is authentic and rare, consider selling it at a specialized auction where serious collectors will bid for it. A coin like the 1964-D silver Kennedy Half Dollar could bring in millions at the right auction.
Final Thoughts
While the Kennedy Half Dollar may seem like just another coin in your pocket change, some rare versions are worth millions. Keep an eye out for coins from the 1964 or 1964-D years, especially if they have minting errors. You might just be holding onto a hidden treasure worth far more than 50 cents.