Kennedy half dollar: Senator 'shed a few tears' for Ben Franklin
- Published: Jul 22, 2014, 7 AM
Editor’s note: In his August monthly Coin World cover feature, Gerald Tebben looks back at the story of the John F. Kennedy half dollar as the numismatic community celebrates the coin's 50th anniversary. This is one of a series of articles from this feature that will appear online at CoinWorld.com.
Make sure you read other posts in the '50 years later' series:
- John F. Kennedy half dollar a coin born from tragedy
- Jackie O asks for 'mussed up' hair on Kennedy half dollar before Congress' near-unanimous approval
- Collecting the nearly 190 coins that make up complete Kennedy half dollar set a fun challenge
- Artist’s ‘signature,’ or Communist symbol on Kennedy half dollar?
- Where were you when the Kennedy half dollar was released?
- Kennedy half dollar's 1964 release fueled the hot hobby of numismatics
- What would a Kennedy half dollar get you when it was first released in 1964?
Ev sheds tears for Ben
While there was no serious opposition to replacing Benjamin Franklin on the half dollar with John F. Kennedy, sonorous Sen. Everett Dirksen, R-Ill, took the Senate floor briefly Dec. 18, 1963, to “shed a few tears” for Franklin.
Dirksen, known for his deep voice, perfect diction and courtly attitude, rose from his seat, secured the floor and said, “I presume a case can be made for removing Benjamin Franklin from the half dollar and substituting the likeness of the late President Kennedy. Since we have the Lincoln penny, the Washington quarter, the Jefferson nickel and the Roosevelt dime, the half dollar is the only fractional coin that does not carry the likeness of a President.
“While I do not believe there would be any objection, this action would require a modification of the 1890 act, which provided that a change cannot be made before 25 years have elapsed, since Ben Franklin has been on the half dollar for only a period of 15 years.
“I do not say that this is a particularly hasty action, but I wish to shed a few tears for Benjamin Franklin.”
Dirksen reflected on the impact of Franklin’s message of “thrift and frugality” on the world before returning to the issue of displacing him from the half dollar.
He continued, “But I suppose times have changed. New philosophies abound. This is, after all, the decade of deficits. There is a belief that we can spend ourselves rich.
“Balanced budgets are old-fashioned. Why mind a rising public debt, since we owe it to ourselves? Thrift is for children with piggybanks. And frugality is ‘old hat.’
“So in the decade of deficits, perhaps Mr. Franklin’s idea that ‘a penny saved is two pence clear, a pin a day’s a groat a year’ is considered modern twaddle.
“It seems to me if Franklin must go — and it distresses me — I should shed a tear for him and for Poor Richard. When the federal deficit for fiscal year 1964 and the projected deficits for 1965 and for 1966 are pronounced, let us ponder that it was Franklin who said:
‘Get what you can, and what you get, hold
‘Tis the stone that will turn all your lead to gold …
“So as we make this change, I say ‘Goodbye Benjamin Franklin, apostle of thrift and frugality. Evidently you are not so popular in this age of the deficit.”
The Senate approved the change by a voice vote Dec. 18, with no formal objection.
Check back with CoinWorld.com for the rest of Gerald Tebben's profile of the Kennedy half dollar. Or, better yet, let us tell you when a new post is up:
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