Exploring The Value Of The 1968 Kennedy Half Dollar: A Collector's Guide

For numismatists and casual collectors alike, the 1968 Kennedy Half Dollar holds a special place in American coinage. As part of a series that commemorates the legacy of President John F. Kennedy, these coins are not only a testament to historical significance but also a symbol of patriotic pride. This guide aims to unravel the nuances of the 1968 Kennedy Half Dollar, providing a comprehensive understanding of its collectible value and the factors that contribute to its allure.

With the assassination of President Kennedy in 1963, the United States Mint promptly introduced the Kennedy Half Dollar in 1964 to honor his memory. The transition from the Franklin Half Dollar to the Kennedy Half Dollar was swift, and the coin quickly became a collector's favorite. However, the 1968 edition stands out due to its unique attributes, which include the transition to a 40% silver composition and the first year the coin was minted exclusively at the Denver Mint.

This collector's guide will delve into various aspects of the 1968 Kennedy Half Dollar, such as its historical background, minting details, and the factors influencing its market value. Whether you're a seasoned collector or a novice interested in this iconic coin, understanding the 1968 Kennedy Half Dollar value is essential for making informed decisions in the world of numismatics.

Table of Contents

• Historical Background of the Kennedy Half Dollar
• What Makes the 1968 Kennedy Half Dollar Unique?
• Understanding the Minting Details of the 1968 Kennedy Half Dollar
• Why Did the Composition Change in 1968?
• How to Determine the Value of a 1968 Kennedy Half Dollar?
• Factors Affecting the Value of the 1968 Kennedy Half Dollar
• Where to Find Authentic 1968 Kennedy Half Dollars?
• Tips for Evaluating the Condition of a 1968 Kennedy Half Dollar
• The Role of Grading in Determining Coin Value
• How Does Market Demand Influence the 1968 Kennedy Half Dollar Value?
• Investment Potential of the 1968 Kennedy Half Dollar
• Preserving and Storing Your 1968 Kennedy Half Dollar
• Notable Auctions and Sales of the 1968 Kennedy Half Dollar
• Frequently Asked Questions about the 1968 Kennedy Half Dollar
• Conclusion: Is the 1968 Kennedy Half Dollar Worth Collecting?

Historical Background of the Kennedy Half Dollar

The Kennedy Half Dollar was first introduced in 1964, following the assassination of President John F. Kennedy in November 1963. The coin was designed to honor the legacy of the 35th President of the United States and was met with overwhelming public demand. Initially, the coin was composed of 90% silver, but due to changing economic conditions, the composition was altered in 1965 to a 40% silver-clad composition.

What Makes the 1968 Kennedy Half Dollar Unique?

The 1968 Kennedy Half Dollar is particularly noteworthy for being the first year the coin was minted solely at the Denver Mint, as the Philadelphia Mint did not produce half dollars that year. Additionally, the 1968 issue continued the 40% silver-clad composition, making it distinct from the 1964 silver issue and subsequent years when silver content was further reduced. Collectors often seek the 1968 edition for its historical significance and relative scarcity compared to other years.

Understanding the Minting Details of the 1968 Kennedy Half Dollar

The 1968 Kennedy Half Dollar was minted in Denver, as indicated by the "D" mint mark located on the reverse side of the coin, beneath the olive branch. The mintage for this year was 246,951,930 coins, making it a high-production year compared to some others in the series. Despite the large mintage, the 1968 edition remains a popular choice for collectors due to its transitional nature and the notable design features that honor President Kennedy.

Why Did the Composition Change in 1968?

The composition change in the Kennedy Half Dollar from 90% silver to 40% silver in 1965 was primarily driven by economic factors. The rising price of silver made it impractical to continue producing coins with high silver content. By 1968, the 40% silver-clad composition was well-established, allowing the U.S. Mint to continue producing the Kennedy Half Dollar while maintaining a semblance of silver content, thereby preserving the coin's appeal to collectors and the general public.

How to Determine the Value of a 1968 Kennedy Half Dollar?

Determining the value of a 1968 Kennedy Half Dollar involves several factors, including the coin's condition, rarity, and current market demand. Collectors often refer to the Sheldon Coin Grading Scale, which ranges from Poor (P-1) to Perfect Mint State (MS-70), to assess a coin's condition. Coins in higher grades, such as MS-65 or above, tend to command higher prices due to their superior condition and visual appeal.

Factors Affecting the Value of the 1968 Kennedy Half Dollar

Several factors can influence the value of a 1968 Kennedy Half Dollar:

• Condition: Coins in mint or near-mint condition are more valuable.
• Rarity: While the 1968 issue had a high mintage, coins with unique errors or variations can be more valuable.
• Market Demand: The popularity of Kennedy Half Dollars among collectors can drive up prices.
• Silver Content: The 40% silver composition can affect the coin's intrinsic value, especially in fluctuating silver markets.

Where to Find Authentic 1968 Kennedy Half Dollars?

Authentic 1968 Kennedy Half Dollars can be found through various channels, including:

• Coin Dealers: Reputable dealers offer a wide selection of collectible coins.
• Coin Shows: These events provide opportunities to purchase coins directly from sellers.
• Online Marketplaces: Websites like eBay and Heritage Auctions offer a platform for buying and selling coins.
• Local Coin Shops: These establishments often have a range of collectible coins available for purchase.

Tips for Evaluating the Condition of a 1968 Kennedy Half Dollar

When evaluating the condition of a 1968 Kennedy Half Dollar, consider the following tips:

• Examine the coin's surface for scratches, dents, or discoloration.
• Check the coin's edges for any signs of wear or damage.
• Look for the presence of the mint mark, which can affect the coin's value.
• Use a magnifying glass to inspect details and verify authenticity.

The Role of Grading in Determining Coin Value

Coin grading plays a crucial role in determining the value of a 1968 Kennedy Half Dollar. Professional grading services, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), provide objective assessments of a coin's condition. Coins graded by these organizations often command higher prices in the marketplace due to their verified authenticity and quality.

How Does Market Demand Influence the 1968 Kennedy Half Dollar Value?

Market demand significantly influences the value of the 1968 Kennedy Half Dollar. As interest in Kennedy Half Dollars increases, so does the demand for well-preserved examples of the series. Factors such as historical significance, public nostalgia, and the coin's silver content can contribute to heightened demand, thereby impacting its market value.

Investment Potential of the 1968 Kennedy Half Dollar

The 1968 Kennedy Half Dollar offers intriguing investment potential for collectors and investors. Due to its historical significance and silver content, the coin can serve as a tangible asset with the potential for appreciation. Collectors should consider factors such as market trends, historical performance, and expert analysis when evaluating the investment potential of this coin.

Preserving and Storing Your 1968 Kennedy Half Dollar

Proper preservation and storage are essential for maintaining the value of a 1968 Kennedy Half Dollar. Consider the following tips:

• Store coins in a cool, dry environment to prevent tarnishing or corrosion.
• Use protective coin holders or albums to safeguard against physical damage.
• Avoid handling coins with bare hands to prevent oil and dirt transfer.
• Regularly inspect coins for signs of deterioration and address issues promptly.

Notable Auctions and Sales of the 1968 Kennedy Half Dollar

Notable auctions and sales can offer insights into the value and desirability of the 1968 Kennedy Half Dollar. High-profile auctions, such as those conducted by major numismatic auction houses, often feature rare and high-grade examples of the coin, attracting competitive bidding from collectors worldwide. These events can serve as valuable reference points for understanding market trends and price fluctuations.

Frequently Asked Questions about the 1968 Kennedy Half Dollar

Here are some common questions collectors may have about the 1968 Kennedy Half Dollar:

• What is the silver content of the 1968 Kennedy Half Dollar?
• How can I verify the authenticity of a 1968 Kennedy Half Dollar?
• Are there any notable errors or variations in the 1968 issue?
• What is the current market value of a mint-condition 1968 Kennedy Half Dollar?

Conclusion: Is the 1968 Kennedy Half Dollar Worth Collecting?

The 1968 Kennedy Half Dollar remains a popular choice for collectors due to its historical significance, unique attributes, and investment potential. Whether you're drawn to its patriotic symbolism or intrigued by its market value, the 1968 edition offers a compelling addition to any coin collection. By understanding the 1968 Kennedy Half Dollar value and the factors influencing its desirability, collectors can make informed decisions and appreciate the enduring legacy of this iconic coin.