The 1987 Kennedy Half Dollar holds a unique place in numismatic history, capturing the attention of collectors worldwide. Its limited release and distinctive characteristics have elevated its status, making it a coveted piece among enthusiasts.
Historical Context
Introduced in 1964 to honor President John F. Kennedy, the Kennedy Half Dollar quickly became a symbol of national pride. By 1987, the U.S. Mint faced an oversupply of half dollars, leading to a significant decision: no half dollars were released into general circulation that year.
Instead, all 1987 Kennedy Half Dollars were exclusively included in Uncirculated Mint Sets, making them particularly desirable for collectors.
Mintage Details
The 1987 Kennedy Half Dollar was produced at two primary mints:
| Mint Location | Mint Mark | Mintage Quantity |
|---|---|---|
| Philadelphia | P | 2,890,758 |
| Denver | D | 2,890,758 |
Note: No half dollars were minted for general circulation in 1987; all were intended for collectors.
Factors Contributing to Its Rarity
Several elements contribute to the 1987 Kennedy Half Dollar’s allure:
- Limited Circulation: As these coins were not released into general circulation, finding them outside of mint sets is uncommon.
- Collector Exclusivity: Being available only through Uncirculated Mint Sets heightened their desirability among collectors.
- Condition Sensitivity: While many coins remain in uncirculated condition, achieving higher grades, such as MS67 or MS68, is rare and significantly increases the coin’s value.
Valuation and Market Performance
The value of a 1987 Kennedy Half Dollar varies based on its condition and mint mark:
- Circulated Condition: Typically valued between $0.60 and $0.75.
- Uncirculated (MS65): Approximately $6.12.
- High Grades (MS67-MS68): Coins graded MS67 can fetch around $50, while those in MS68 have reached prices as high as $4,800 at auction.
Notable Auction Sales
Exceptional specimens have garnered significant attention:
- 2015: A 1987-P Kennedy Half Dollar graded MS68 by PCGS sold for $4,112.50.
- 2018: An NGC-certified MS68 example achieved a sale price of $4,800.
Identifying High-Grade Specimens
To determine if your 1987 Kennedy Half Dollar is of significant value:
- Luster: A bright, satin-like sheen indicates minimal handling.
- Strike Quality: Sharp details, especially in Kennedy’s hair and the eagle’s feathers, suggest a superior strike.
- Surface Preservation: Absence of contact marks or blemishes enhances the coin’s grade.
The 1987 Kennedy Half Dollar stands as a testament to a unique period in U.S. coinage history. Its limited release and collector-focused distribution have solidified its status as a sought-after piece.
Whether you’re a seasoned numismatist or a casual collector, this coin represents both historical significance and potential investment value.
FAQs
Why were 1987 Kennedy Half Dollars not released into circulation?
Due to an oversupply from previous years, the U.S. Mint limited 1987 half dollar production to Uncirculated Mint Sets.
How can I determine the grade of my 1987 Kennedy Half Dollar?
Consulting a professional coin grading service is recommended for accurate assessment.
Are there any known errors in the 1987 Kennedy Half Dollar series?
No significant mint errors have been widely reported for the 1987 series.