24kt Gold Kennedy Half Dollar Value


The Kennedy Half-Dollar Collection with Platinum and Gold Highlights is a collectible of beauty, significance, and value. The Philadelphia and Denver Mintages of this JFK Kennedy Half Dollar U.S. 2-Coin Set are 24KT gold-plated. The Merrick Mint highlights the original design of each piece by utilizing a special, genuine process that involves 24KT gold plating. The end product is an industry-leading, eternal 24KT Gold Plated coin collector of the highest quality. On the obverse of each coin is a design of John F. Kennedy’s left picture, while on the reverse is a modified version of the presidential seal. Each coin is authentic U.S. legal cash, comes with a Full Color 2-sided Authenticity Certificate, and is packaged in an acrylic coin container.

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24kt Gold Kennedy Half Dollar

What is 24kt Gold Kennedy Half Dollar Value?

24kt Gold Kennedy Half Dollar Value is around $1250. The coin is struck in 3/4 of a troy ounce of 24 karats (99.99% pure) gold with a proof finish and specially issued to mark the 50th anniversary of the series. The coins have a diameter of 1.205 inches (30.61 mm) and thickness of 0.085 inches (2.16 mm), matching the specifications of a standard half dollar.

The coins were priced at $1,240 each at the start of sales in 2014. However, today we can find as low as $900 up to $1350 in the market. Worth of this coin is related to the current gold price as well.

On November 22, 1963, just a few days after President John F. Kennedy was killed, the U.S. Treasury & U.S. Mint started planning to produce a coin in his honor. Mint engravers worked rapidly to produce a new design for the fifty-cent coin, which featured the President’s visage on the obverse (heads) side or the Presidential Seal just on the reverse (tails). On December 30, 1963, a measure approving the design was approved by President Johnson. Within a few weeks, minting started. Since Kennedy Half Dollar first went into circulation more than 50 years ago, the coin has remained a collectible reminder of President Kennedy’s life and accomplishments.

Following President Kennedy’s funeral, the Mint, the Treasury, and the Kennedy family started talking about making a new coin in his honor. The half dollar, quarter, & nickel were a few considered coins. Nevertheless, Mrs. Jacqueline Kennedy thought the half dollar was the most suitable option because it wouldn’t call for the election of a new President. Eva Adams, Director of Mint, called engravers on November 27, 1963, to start creating a new half-dollar coin portraying President Kennedy. The half-dollar coin of the time portrayed Benjamin Franklin, a renowned philosopher, inventor, and revolutionary.

Congressional permission was necessary for each design modification within 25 years of the previous one. A measure to have Kennedy appear on the half-dollar was submitted by Texas Representative Henry Gonzalez (Democrat) at the beginning of December. On December 10, Lyndon Johnson, the newly elected President, approved the proposal for one Kennedy a half dollar and urged Congress to swiftly adopt the necessary legislation so that the striking of the new coin could start early in 1964. President Johnson said that letters from several members of the general public had persuaded him to support the proposal. On December 30, 1963, It approved the legislation authorizing Kennedy half a dollar. Coinage dies were already in construction; utilizing the existing designs, the first dies could be finished on January 2, 1964. There were initially just proof coins produced. On January 30, 1964, the Denver Mint struck the first Kennedy half dollars designed for circulation, and the Philadelphia Mint struck them the next week. On February 11, 1964, authorities made ceremonial first strikes in Denver and Philadelphia.

Kennedy Half Dollar Design

Having Gilroy Roberts, the Mint’s Chief Engraver between 1948 – 1964, on board for the design process helped guarantee that the new design would be ready for minting as soon as possible. There were just approximately four weeks until January 1964, when they planned to begin striking a new Half Dollar. The obverse (heads) side features a redesigned profile sculpture by Roberts, while the reverse (tails) side features a revised Presidential Seal sculpture by Gasparro.

On December 13, the Philadelphia Mint made several experimental strikes of the new Kennedy Half Dollar. Roberts then took them to Washington, DC, to have signed off on by Robert and Jacqueline Kennedy, as well as Director Adams and Treasury Secretary C. Douglas Dillon. Although Mrs. Kennedy “thought it’d be an advantage if a part within hair became less apparent,” all agreed that the final style was successful. Roberts used the feedback to create a new coin version that eventually became a standard issue.

Except for minor adjustments made possible by evolving technology at the Mint, the design created by Roberts & Gasparro hasn’t altered much over the previous 50 years. The Mint has produced approximately 4.1 billion Kennedy Half Dollars since 1964, many of which have found their way into coin collections. Many coins with a 1964 date were melted down in the 1970s at a time of high silver prices to extract the silver. Between 1975 and 1976, authorities produced a unique design for the Kennedy Half Dollar to commemorate the United States Bicentennial. A dual date (1776–1966) was included on the redesigned coin’s obverse (heads) side, while Freedom Hall in Philadelphia was depicted on the reverse (tails) side.

Kennedy Half Dollar Coin Circulation

Just over 4 months after President Kennedy’s killing, on March 24, 1964, the Treasury released the first Kennedy Half Dollar coins to the general public. Customers lined up outside bank offices around the nation that morning to purchase the new currency. Banks intended to restrict sales to 40 coins per person because they expected high demand for the coin. Nevertheless, by midday, the 70,000 Kennedy Half Dollars that the Treasury had initially provided had been consumed by clients.

The first strike of 90 million 1964 Kennedy half dollars, about equal to the quantity of 1963 Franklin half dollars struck, had been authorized by Director Adams. As soon as the Mint became aware of the excessive demand for the new currency, it swiftly raised its goal to 140 million, or 160 million. However, Americans kept buying Kennedy Half Dollars as quickly as they could be produced. Congress granted the Mint special permission at the end of the year to keep minting 1964-dated coins throughout 1965, producing a total of 410 million.

By 1965, the government’s hoard of silver, which was in short supply globally due to the excessive Kennedy Half Dollar minting, had been significantly reduced. The Coinage Act of 1965, approved by Congress, authorized the production of silver “clad” coins featuring copper cores. Kennedy Half Dollar coins’ silver content decreased from 90% to 40%, starting with 1965-dated pieces. The usage of silver was completely discontinued in 1971, except for particular commemorative editions, as silver prices continued to rise.

In celebration of this beautiful coin, in 2014, made a special coin that looks like this:
2014-50th-Anniversary-Kennedy-Half-Dollar-Gold-Proof-Coin-Obverse

Conclusion

The Kennedy Half Dollar’s sustained popularity is evidence of the strength and tenacity of President Kennedy’s legacy and the coin’s timeless beauty. The Mint lowered manufacturing of the currency in 2002 to levels that would fulfill collectors’ requests after realizing the Kennedy Half Dollar’s appeal primarily as a collectible item.

limited edition of Kennedy half dollar

The coins are now exclusively offered to collectors through the Mint and are marked up from their fifty-cent face value. In 2014, the Mint unveiled a special edition proof coin composed of pure Gold and several additional versions to mark the Kennedy Half Dollar’s 50th anniversary. Like in 1964, the new gold coin’s demand immediately outstripped its supply, and after three days, the Mint stopped selling it at its retail locations.

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Fxigor

Fxigor

Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, long-term trading, and weekly technical levels. The primary field of Igor's research is the application of machine learning in algorithmic trading. Education: Computer Engineering and Ph.D. in machine learning. Igor regularly publishes trading-related videos on the Fxigor Youtube channel. To contact Igor write on: igor@forex.in.rs

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