Soon after President John F. Kennedy was tragically assassinated in 1963, a coin was introduced to honor his memory.
The Kennedy half dollar became a lasting tribute to the president and a symbol of national mourning. Here are five surprising facts about this famous U.S. coin that will deepen your appreciation for its history.
Contents
Coin Concept Was Created Immediately After Kennedy’s Assassination
The idea of a coin featuring John F. Kennedy was conceived on the very day of his assassination. Within hours of the tragic event, Mint Director Eva Adams discussed with Chief Engraver Gilroy Roberts the idea of depicting Kennedy on a coin. Jacqueline Kennedy, the First Lady, selected the half dollar for the coin’s denomination.
Congress Approved the Coin Quickly After Kennedy’s Death
A month after President Kennedy’s assassination, Congress approved the Kennedy half dollar. The bill authorizing the coin passed on December 30, 1963, and the coin was minted for the first time in 1964.
The ceremonial first strike took place on February 11, 1964, at both the Philadelphia and Denver Mints. The design was intended as a fitting and enduring memorial to honor President Kennedy.
Coin Design Adapted from Inaugural Medal
To expedite the coin’s production, the U.S. Mint adapted the designs from an inaugural medal created for President Kennedy.
Chief Engraver Gilroy Roberts had designed the obverse (front) of the coin, while Assistant Engraver Frank Gasparro designed the reverse (back). Both engravers had previously worked on other prominent U.S. coins, including the Lincoln Memorial cent and the Susan B. Anthony dollar.
Coins Were Sold Out Immediately Due to High Demand
The release of the Kennedy half dollar was met with overwhelming demand. When the coin was first made available to the public on March 24, 1964, the Treasury Department in Washington, D.C., sold out of its 70,000 coins by the end of the day.
Banks in Philadelphia and Boston quickly ran out of their supplies, despite rationing, as people rushed to buy these coins as souvenirs to remember the popular president.
Changes in Coin Composition Over the Years
The Kennedy half dollar was initially made of 90% silver with a small amount of copper. However, from 1965 to 1970, the coins were made with a silver-clad exterior and a copper core.
Since 1971, the coins have been made with a copper-nickel alloy, with only proof coins made of pure silver. The Kennedy half dollar is still available through the U.S. Mint, fulfilling the needs of collectors who are eager to own this iconic coin.
| Fact | Description | Date of Minting | Silver Content | Designer |
|---|---|---|---|---|
| Concept | Coin was designed immediately after Kennedy’s assassination. | 1963 | 90% Silver | Gilroy Roberts, Frank Gasparro |
| Congressional Approval | Bill passed a month after Kennedy’s death. | Dec 30, 1963 | 90% Silver | Gilroy Roberts, Frank Gasparro |
| Coin Release | First release on March 24, 1964. | Mar 24, 1964 | 90% Silver | Gilroy Roberts, Frank Gasparro |
| Composition Change | Changed to copper-nickel alloy in 1971. | 1971 | Copper-Nickel | Gilroy Roberts, Frank Gasparro |
FAQs
What Is the Kennedy Half Dollar?
The Kennedy half dollar is a U.S. coin introduced in 1964 to honor the memory of President John F. Kennedy. It features his portrait on the obverse and the Presidential Seal on the reverse.
Why Was the Kennedy Half Dollar Created?
It was created to memorialize President Kennedy following his assassination in 1963, offering the nation a lasting tribute to the popular leader.
What Is the Composition of the Kennedy Half Dollar?
The original Kennedy half dollar was made of 90% silver. From 1965 to 1970, it was silver-clad with a copper core, and since 1971, it has been made of copper-nickel alloy.
When Was the First Kennedy Half Dollar Minted?
The first Kennedy half dollar was minted in 1964, with the ceremonial first strike occurring on February 11, 1964, at the Philadelphia and Denver mints.
How Much Is a Kennedy Half Dollar Worth Today?
While the face value of the Kennedy half dollar is 50 cents, its worth can vary depending on its condition, year, and demand among collectors. Coins from 1964 with higher silver content tend to be more valuable.
