The 1967 Kennedy Half-Dollar holds a unique place in numismatic history, not only for its commemorative significance but also for its silver content and distinctive features. Understanding its value requires a deep dive into its composition, mintage, variations, and the current market demand.
Historical Context and Composition
Introduced in 1964 to honor the late President John F. Kennedy, the half-dollar initially contained 90% silver. However, due to rising silver prices and subsequent hoarding, the U.S. Mint reduced the silver content to 40% from 1965 through 1970. The 1967 Kennedy Half-Dollar, therefore, comprises 40% silver and 60% copper, with a total weight of 11.50 grams and a diameter of 30.6 millimeters.
Mintage and Mint Marks
In 1967, the Philadelphia Mint produced 295,046,978 Kennedy Half-Dollars. Notably, coins minted between 1965 and 1967 lack mint marks—a deliberate omission by the U.S. Mint to discourage hoarding during a nationwide coin shortage.
Varieties: Regular Strike vs. Special Mint Set (SMS)
Two primary varieties of the 1967 Kennedy Half-Dollar exist:
- Regular Strike: Intended for general circulation, these coins are more commonly found but are often in circulated condition.
- Special Mint Set (SMS): Produced specifically for collectors, SMS coins exhibit a higher quality finish, with some displaying cameo (CAM) or deep cameo (DCAM) contrasts. Approximately 1,800,000 SMS half-dollars were minted in 1967.
Valuation Factors
The value of a 1967 Kennedy Half-Dollar depends on several factors:
- Condition (Grade): Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation and, consequently, higher value.
- Silver Content: With 0.1479 troy ounces of silver, the coin’s melt value fluctuates with the silver market. For instance, at $25 per ounce, the melt value is approximately $3.70.
- Rarity and Errors: Coins with errors or unique features, such as doubled dies or high-grade SMS specimens with deep cameo finishes, can command significant premiums.
Current Market Values
As of December 2024, approximate values for the 1967 Kennedy Half-Dollar are:
| Condition/Type | Estimated Value Range |
|---|---|
| Circulated (Good to Fine) | $3.50 – $5.00 |
| About Uncirculated (AU) | $5.00 – $7.00 |
| Mint State (MS60 – MS63) | $7.00 – $15.00 |
| Mint State (MS64 – MS65) | $15.00 – $40.00 |
| Mint State (MS66) | $75.00 – $125.00 |
| Mint State (MS67) | $600.00 – $1,000.00 |
| SMS (MS65) | $26.00 |
| SMS (MS66) | $32.00 |
| SMS (MS67) | $45.00 |
| SMS (MS68) | $300.00 |
Note: Prices can vary based on market conditions and collector demand.
Notable Sales
High-grade examples have fetched impressive sums. For instance, a 1967 SMS Kennedy Half-Dollar graded SP69 (DCAM) sold for $31,200, highlighting the potential value of exceptional specimens.
The 1967 Kennedy Half-Dollar is a significant piece for collectors, reflecting a pivotal era in U.S. coinage. Its value is influenced by condition, silver content, and unique features. Whether you’re a seasoned collector or a curious enthusiast, understanding these factors can enhance your appreciation and inform your collecting endeavors.
FAQs
Why do 1967 Kennedy Half-Dollars lack mint marks?
Between 1965 and 1967, the U.S. Mint omitted mint marks to deter hoarding during a coin shortage.
What is the silver content of the 1967 Kennedy Half-Dollar?
It contains 40% silver, equating to approximately 0.1479 troy ounces.
Are 1967 Kennedy Half-Dollars rare?
While not rare due to high mintage, finding uncirculated or high-grade specimens can be challenging.
