The 1967 Kennedy Half-Dollar holds a unique place in American numismatics, serving as both a tribute to President John F. Kennedy and a reflection of the era’s economic conditions.
Minted during a transitional period in U.S. coinage, this coin’s value is influenced by its silver content, mintage numbers, condition, and any unique errors. This article delves into these factors to provide a detailed understanding of the 1967 Kennedy Half-Dollar’s worth.
Historical Context
The Kennedy Half-Dollar was introduced in 1964, shortly after President Kennedy’s assassination, as a memorial to the late president. The 1967 edition was part of a series minted from 1965 to 1970, characterized by a reduced silver content compared to the inaugural 1964 coins.
Composition and Design
The 1967 Kennedy Half-Dollar is composed of 40% silver and 60% copper, resulting in a total silver weight of approximately 0.1479 troy ounces (4.60 grams). The obverse features Gilroy Roberts’ portrait of President Kennedy, while the reverse showcases Frank Gasparro’s rendition of the Presidential Seal.
Mintage and Mint Marks
In 1967, the U.S. Mint produced 295,046,978 Kennedy Half-Dollars. Notably, coins minted between 1965 and 1967 lack mint marks due to a temporary policy aimed at discouraging coin hoarding during a nationwide coin shortage.
Factors Influencing Value
Several elements determine the value of a 1967 Kennedy Half-Dollar:
- Silver Content: With 40% silver composition, the coin’s intrinsic value fluctuates with the market price of silver. For instance, if silver is priced at $25 per ounce, the melt value of the coin would be approximately $3.70.
- Condition (Grade): Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation. Uncirculated coins (grades MS60 and above) are more valuable than those showing signs of wear.
- Special Mint Sets (SMS): In 1967, the U.S. Mint issued Special Mint Sets instead of traditional proof sets. These coins often exhibit a higher quality finish and can be more valuable, especially in higher grades.
- Errors and Varieties: Coins with minting errors, such as doubled dies or missing elements, are rare and can command premium prices among collectors.
Value Breakdown by Condition
The table below outlines the approximate values of the 1967 Kennedy Half-Dollar based on condition and type:
| Condition/Type | Regular Strike | Special Mint Set (SMS) |
|---|---|---|
| Circulated | $3.50 – $4.00 | N/A |
| MS60 | $7.00 | $5.00 |
| MS63 | $10.00 | $10.00 |
| MS65 | $26.00 | $26.00 |
| MS66 | $32.00 | $32.00 |
| MS67 | $45.00 | $45.00 |
| MS68 | $300.00 | $300.00 |
| MS69 | N/A | $900.00 |
Values are approximate and subject to change based on market conditions.
Notable Sales
High-grade examples of the 1967 Kennedy Half-Dollar have achieved significant prices at auction. For instance, a 1967 SMS coin graded MS68 sold for $6,995 in November 2020. Such sales underscore the premium placed on coins in exceptional condition.
The 1967 Kennedy Half-Dollar is a coin rich in history and value. Its worth is influenced by factors such as silver content, condition, and rarity. Collectors and investors should consider these elements when evaluating the coin, keeping in mind that market conditions can affect its value.
FAQs
Why do 1967 Kennedy Half-Dollars lack mint marks?
Between 1965 and 1967, the U.S. Mint omitted mint marks to discourage coin hoarding during a national coin shortage.
What is the silver content of a 1967 Kennedy Half-Dollar?
The coin contains 40% silver, equating to approximately 0.1479 troy ounces (4.60 grams).
How can I determine the grade of my 1967 Kennedy Half-Dollar?
Coin grading assesses a coin’s condition, ranging from 1 (poor) to 70 (perfect). Professional grading services can provide an accurate assessment.
