Insights

Collectors can build a set of Kennedy half dollars in Mint State condition on almost any budget

Making Moderns column from the Aug. 11, 2014, issue of Coin World
By , Special to Coin World
Published : 07/25/14
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Kennedy half dollars are very accessible. A collector at almost any budget building a complete set in Mint State condition will encounter no unobtainable coins. At the same time, collectors seeking the best quality examples encounter many challenges locating coins. This dichotomy of plenty and scarcity is a hallmark of collecting modern coinage.

Kennedy, Bicentennial half dollars illustrate this well. In 1975 and 1976, the Mint released a circulating commemorative half dollar. The obverse stayed the same except for its dual date, 1776–1976. The reverse of the half dollar replaced the Heraldic Eagle with Independence Hall alongside the legend 200 YEARS OF FREEDOM.

The U.S. Mint made 234 million at the Philadelphia Mint and 287 million at the Denver Mint for circulation. Plentiful and worth only a couple dollars in average Uncirculated condition, as superb gems the coins are scarce and valuable. Only 17 examples of the 1776–1976 half dollar are graded Mint State 67 by Numismatic Guaranty Corp. and Professional Coin Grading Service combined; these trade for more than $1,000.

At the same time, choice examples can be found in both 1975 and 1976 Uncirculated Mint sets, which trade for less than $10 each.

Uncirculated Mint sets are the likely source of many Kennedy half dollars in collectors’ holdings. But no Uncirculated Mint sets were issued in 1982 and 1983.

The 1982-P half dollar mintage is only 10.8 million coins. It is quite a challenge to find in gem Uncirculated condition. The 1983-P issue, 34.1 million struck, is even more difficult to locate in superb grades. The Denver Mint coins from those years are generally better quality.

In complete contrast, in 1987 the Kennedy half dollar was issued only in Uncirculated Mint sets. Since 2001, the half dollar has been issued only for direct purchase from the Mint, in $10 rolls, $100 bags and Uncirculated Mint sets. As the coin transitioned from currency to collectible, mintage figures plummeted, yet high grade examples of later issues remain plentiful — for now.

From this era, one coin stands out. In 1998, a Robert F. Kennedy commemorative silver dollar was issued and paired in a “Brothers set” with a 90 percent silver Kennedy half dollar struck at the San Francisco Mint. To match the two coins, the half dollar was given a Matte Finish. Just 62,000 were sold, making it a key date in the modern series.

For now, the Matte Finish 1998-S Kennedy silver half dollar is unique in appearance among Kennedy halves. Likely the 2014-D silver half dollar in this year’s 50th Anniversary Set will have a similar Matte Finish, though. The 50th Anniversary program, unprecedented in scope, will likely fuel interest in the other popular collectible issues.

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