The 1968 Kennedy Half Dollar is more than just a coin; it’s a piece of American history and a collector’s dream. First minted as a tribute to President John F. Kennedy after his assassination, this iconic coin has grown in value over the years.
What was once a common half dollar coin has now become a highly sought-after collectible that can fetch prices as high as $75,000.
In this guide, we’ll explore the historical background, design features, minting process, and the key factors that determine the value of the 1968 Kennedy Half Dollar.
Contents
Historical Background of the 1968 Kennedy Half Dollar
The 1968 Kennedy Half Dollar was first issued as a tribute to President John F. Kennedy, who was tragically assassinated in 1963.
The U.S. Mint began producing the coin in 1964, and by 1968, it had become an established part of American currency. The coin’s historical significance adds to its appeal, as it honors the legacy of a president who left an indelible mark on U.S. history.
The coin was initially introduced to replace the Franklin Half Dollar, which had been in circulation since 1948. Its design was chosen as a fitting tribute to Kennedy’s image, featuring his portrait on the obverse. Over time, the coin’s popularity and historical context have driven its collectible value.
Design and Features
The 1968 Kennedy Half Dollar features a distinctive design created by Gilroy Roberts and Frank Gasparro. The obverse of the coin displays a left-facing portrait of President Kennedy, while the reverse shows the Presidential Seal with an eagle holding a banner that reads “E PLURIBUS UNUM”.
Some key features that make the coin stand out include:
- Obverse: Profile of President John F. Kennedy, designed by Gilroy Roberts.
- Reverse: The Presidential Seal, featuring an eagle holding a banner.
- Dual Date: The coin bears the inscription “1776-1976”, marking the bicentennial anniversary of the United States.
In addition to the regular circulating coins, proof coins were also minted, featuring a higher-quality finish and made for collectors.
Minting Process and Variations
The 1968 Kennedy Half Dollar was minted at three locations: Philadelphia, Denver, and San Francisco. Philadelphia produced the regular circulation coins, while San Francisco minted the proof coins designed specifically for collectors.
The coin’s composition was altered in 1965, shifting from the 90% silver content of earlier versions to a clad composition of 75% copper and 25% nickel, making it less valuable in terms of precious metal content.
However, the proof versions still retained their silver content, making them more desirable among collectors.
Factors Influencing Value
Several factors determine the value of the 1968 Kennedy Half Dollar:
- Condition: Coins in mint condition or proof condition are more valuable. Coins with little to no wear, scratches, or tarnishing are highly sought after.
- Rarity: While millions of the 1968 Kennedy Half Dollars were minted, the proof versions and coins with rare minting errors have a higher value.
- Demand: The market demand for historical coins also affects their value. As the Kennedy Half Dollar represents a significant period in U.S. history, it remains popular among collectors.
Coin Version | Minting Location | Estimated Value | Key Features |
---|---|---|---|
1968 Kennedy Half Dollar | Philadelphia/Denver/San Francisco | Up to $75,000 | Dual date, commemorative design |
1968 Kennedy Proof Coin | San Francisco | Higher than regular coins | Special finish, made for collectors |
Minting Errors | Various | Varies (up to $75,000) | Double die, misprints, and misalignments |
How to Determine the Value of Your 1968 Kennedy Half Dollar
To assess the value of your 1968 Kennedy Half Dollar, you should follow these steps:
- Inspect the Condition: Determine whether the coin is in circulated or uncirculated condition. Uncirculated coins or those in proof condition fetch higher prices.
- Look for Mint Errors: Coins with mint errors, such as double dies or misaligned designs, are more valuable. These rare anomalies are highly desirable among collectors.
- Consult a Professional: For a more accurate value, consider having the coin professionally graded. Organizations like PCGS or NGC specialize in coin grading and can provide a more precise valuation.
The 1968 Kennedy Half Dollar is a prized collector’s item with significant historical and numismatic value. Whether you have a proof coin or a regular mint version, the coin’s legacy and significance make it a valuable part of American numismatic history.
Keep an eye out for rare variations, mint errors, and coins in mint condition, as these factors can drive the value of your 1968 Kennedy Half Dollar well beyond the face value.
FAQs
What is the value of a 1968 Kennedy Half Dollar?
The value can range from a few dollars for circulated coins to as much as $75,000 for uncirculated or proof coins in excellent condition.
How can I identify a rare 1968 Kennedy Half Dollar?
Look for mint errors such as double dies or misprints, and assess the coin’s condition. Proof coins and coins in mint condition are more valuable.
Why are 1968 Kennedy Half Dollars so valuable?
Their historical significance, rarity, and design contribute to their value. The coins commemorate President Kennedy and represent a pivotal moment in U.S. history, making them highly collectible.