How the 1964 Kennedy Half Dollar Special Strike Turned into a $156,000 Treasure

The 1964 Kennedy Half Dollar Special Strike is a numismatic rarity that has captivated collectors and investors alike.

Its unique characteristics and limited availability have led to remarkable auction prices, with one specimen fetching $156,000.

This article delves into the history, features, and factors contributing to the extraordinary value of this coin.

Historical Context

In 1964, the United States Mint introduced the Kennedy Half Dollar to honor President John F. Kennedy, who was assassinated in November 1963.

The coin was minted in 90% silver and 10% copper, reflecting the traditional composition of U.S. half dollars at the time.

While the majority of these coins were produced for circulation, a select few were struck as Special Mint Sets (SMS) for collectors.

What Is a Special Strike Coin?

A Special Strike coin is a special type of coin produced by the U.S. Mint, intended for collectors.

These coins are struck with specially prepared dies and often feature a higher quality finish compared to regular circulation coins.

The 1964 Kennedy Half Dollar Special Strike is particularly notable due to its unique characteristics and rarity.

Distinctive Features of the 1964 Kennedy Half-Dollar Special Strike

The 1964 Kennedy Half Dollar Special Strike exhibits several distinctive features:

• Finish: Unlike standard circulation coins, these pieces have a satin-like finish, giving them a smooth, matte appearance.
• Strike Quality: They exhibit sharp, well-defined details on both the obverse and reverse, with square and crisp rims.
• Surface Characteristics: Typically free from contact marks, indicating careful handling during production.
• Die Polishing Lines: Visible die polishing lines are present, adding to their unique texture.

Rarity and Value

The rarity of the 1964 Kennedy Half Dollar Special Strike is underscored by the fact that only about a dozen examples have been authenticated.

This scarcity, combined with its unique characteristics, has made it highly sought after by collectors.

In August 2019, a specimen graded SP68 sold for $156,000 at a Stack’s Bowers auction, setting a record for this coin type.

Factors Influencing Its Value

Several factors contribute to the high value of the 1964 Kennedy Half Dollar Special Strike:

• Scarcity: The limited number of known specimens makes it a rare find.
• Condition: Coins in higher grades, such as SP68, command premium prices.
• Historical Significance: Being minted shortly after President Kennedy’s assassination adds to its historical allure.
• Collector Demand: The unique features and rarity make it a coveted item among numismatists.

Identifying the 1964 Kennedy Half Dollar Special Strike

Collectors can identify this coin by examining its finish, strike quality, and surface characteristics. The absence of contact marks and the presence of die polishing lines are key indicators. Additionally, the satin-like finish distinguishes it from standard circulation coins.

Preservation and Care

Given its value, proper preservation is essential. Coins should be stored in protective holders, such as 2×2 holders or capsules, and kept in a controlled environment to prevent damage.

The 1964 Kennedy Half Dollar Special Strike stands as a testament to the artistry and history of U.S. coinage. Its unique features and rarity have solidified its status as a treasure in the numismatic world, with auction prices reflecting its esteemed position among collectors.

FAQs

What is a Special Strike coin?

A Special Strike coin is a type of coin produced by the U.S. Mint for collectors, featuring a higher quality finish and unique characteristics compared to regular circulation coins.

Why is the 1964 Kennedy Half Dollar Special Strike so valuable?

Its value is attributed to its rarity, unique satin-like finish, sharp strike quality, and historical significance, with only about a dozen known specimens.

How can I identify a 1964 Kennedy Half Dollar Special Strike?

Look for a satin-like finish, sharp details, square rims, and the absence of contact marks. Die polishing lines are also a distinguishing feature.