The Kennedy Half Dollar, introduced in 1964 to honor President John F. Kennedy, has become a cherished collectible among numismatists.
While many of these coins are common, certain rare editions have fetched remarkable prices at auctions, exceeding the $500,000 mark.
This guide delves into five such extraordinary coins, highlighting their unique features and the factors contributing to their immense value.
1. 1796 16 Stars Draped Bust Half Dollar
Although predating the Kennedy series, the 1796 16 Stars Draped Bust Half Dollar is a noteworthy mention due to its astronomical auction price.
This coin features 16 stars, representing the states in the Union at the time. Its rarity and historical significance led to a specimen selling for $822,500.
2. 1797 Draped Bust Half Dollar
Another precursor to the Kennedy series, the 1797 Draped Bust Half Dollar is renowned for its scarcity. With a mintage of only 2,984 coins, it stands as one of the rarest U.S. half dollars. In 2015, a specimen graded MS66 fetched $1,527,500 at auction.
3. 1838-O Capped Bust Half Dollar (Proof)
The 1838-O Capped Bust Half Dollar holds the distinction of being the first coin minted at the New Orleans Mint. With fewer than 20 proofs struck, its rarity is unparalleled. A specimen graded SP64 was sold for $763,750 in 2014.
4. 1817/4 Capped Bust Half Dollar
The 1817/4 Capped Bust Half Dollar is famed for its overdate error, where the ‘4’ is struck over a ‘7’. With only 10 known examples, it is among the most coveted U.S. half dollars. An AU50 graded coin achieved a price of $356,500 in 2009.
5. 1796 15 Stars Draped Bust Half Dollar
The 1796 15 Stars Draped Bust Half Dollar features 15 stars, corresponding to the number of states in the Union before Tennessee’s admission. Its rarity and historical context led to a specimen selling for $373,750 in 2008.
Below is a summary of these remarkable coins:
| Coin | Year | Grade | Auction Price |
|---|---|---|---|
| 1796 16 Stars Draped Bust Half Dollar | 1796 | MS66 | $822,500 |
| 1797 Draped Bust Half Dollar | 1797 | MS66 | $1,527,500 |
| 1838-O Capped Bust Half Dollar (Proof) | 1838 | SP64 | $763,750 |
| 1817/4 Capped Bust Half Dollar | 1817 | AU50 | $356,500 |
| 1796 15 Stars Draped Bust Half Dollar | 1796 | MS63 | $373,750 |
The world of coin collecting is rich with history, artistry, and the thrill of discovery. While the Kennedy Half Dollar series itself does not currently feature coins that have surpassed the $500,000 mark, understanding the broader context of half dollar rarities provides valuable insights for collectors.
Coins like the 1796 and 1797 Draped Bust Half Dollars exemplify how rarity, historical significance, and condition can converge to create immensely valuable collectibles.
As the market evolves, astute collectors will continue to seek out these rare treasures, appreciating both their monetary value and their place in American history.
FAQs
What factors contribute to the high value of these half dollars?
The primary factors include rarity, historical significance, condition (grade), and unique features such as minting errors or limited production runs.
Are there any Kennedy Half Dollars that have sold for over $500,000?
A: As of now, no Kennedy Half Dollar has surpassed the $500,000 mark at auction. However, certain rare editions, like the 1964 SMS Kennedy Half-Dollar, have fetched impressive sums, with a specimen graded SP68 selling for $156,000 in 2019.
How can I determine the value of my half dollar coins?
To assess the value of your half dollar coins, consider factors such as date, mint mark, condition, and rarity. Consulting with a professional coin appraiser or referencing reputable numismatic guides can provide accurate valuations.