The Kennedy Half Dollar is one of America’s most iconic coins, created to honor the 35th President of the United States, John F. Kennedy. While many people recognize the coin, there are plenty of little-known facts that make it truly fascinating. From its sudden creation after Kennedy’s assassination to its role in history, this coin holds many surprises. Let’s dive into 7 surprising facts about the Kennedy Half Dollar that you probably didn’t know!
1. It Was Introduced Just Months After JFK’s Assassination
John F. Kennedy was assassinated in November 1963, and by early 1964, the Kennedy Half Dollar was already in circulation. The United States Mint worked incredibly quickly to create this tribute to the fallen president. The public demand for the coin was enormous, and it became an instant collector’s item.
2. The Design Was Created in Just a Few Days
Unlike most coins that take months or even years to design, the Kennedy Half Dollar was designed in a matter of days. The U.S. Mint’s Chief Engraver, Gilroy Roberts, worked on the obverse (front) design, which features a portrait of Kennedy, while Frank Gasparro designed the reverse (back), featuring the presidential seal.
3. It Was Originally Made with Silver
The Kennedy Half Dollar was initially made with 90% silver in 1964. However, by 1965, due to rising silver prices, the composition was changed to 40% silver. In 1971, silver was removed entirely, and the coin was made from a copper-nickel blend.
| Year | Material Composition |
|---|---|
| 1964 | 90% Silver, 10% Copper |
| 1965-1970 | 40% Silver, 60% Copper |
| 1971-present | Copper-nickel blend |
4. It Was Hoarded by Collectors
Because the Kennedy Half Dollar was seen as a tribute to a beloved president, many people hoarded the coin when it was first released. Even though millions were minted, many were taken out of circulation by collectors, making the coin harder to find in regular use.
5. The Coin’s Popularity Faded in Daily Use
Despite its initial popularity, the Kennedy Half Dollar quickly fell out of favor for everyday transactions. Its large size made it inconvenient to carry around, and people preferred smaller coins like quarters. Today, the coin is mostly used for collectors or in special sets.
6. There Are Rare and Valuable Versions
Some Kennedy Half Dollars are highly sought after by collectors. For instance, the 1964 “Accented Hair” variety, which features slight differences in Kennedy’s hair design, is considered rare and valuable. Another example is the 1970-D Kennedy Half Dollar, which was only available in special mint sets.
7. It’s Still Minted Today
While the Kennedy Half Dollar is rarely seen in everyday use, it is still being minted today, mainly for collectors. The U.S. Mint continues to produce the coin, and it remains a popular collectible item, especially in proof and uncirculated sets.
Conclusion
The Kennedy Half Dollar is more than just a coin; it’s a piece of American history. From its fast-tracked design to its changing composition over the years, this coin has a unique story that makes it a favorite among collectors. Whether you own one or are just learning about it now, the Kennedy Half Dollar will always be a special part of U.S. coinage.
FAQ’s
Why was the Kennedy Half Dollar made?
The Kennedy Half Dollar was created as a tribute to President John F. Kennedy after his assassination in 1963.
Is the Kennedy Half Dollar still in circulation?
Yes, the coin is still minted, but it’s mainly produced for collectors rather than for everyday transactions.
How much silver is in a 1964 Kennedy Half Dollar?
The 1964 Kennedy Half Dollar contains 90% silver, making it highly valuable to collectors and silver enthusiasts.
What is the rarest Kennedy Half Dollar?
One of the rarest is the 1964 “Accented Hair” variety, along with the 1970-D Kennedy Half Dollar.
Why did people hoard Kennedy Half Dollars?
Many people hoarded the coin because it was seen as a memorial to President Kennedy, and they wanted to keep a piece of history.