The Silver-Clad Kennedy Half Dollar: The Kennedy Half Dollar, first introduced in 1964, became an iconic piece of U.S. coinage history. Created as a tribute to President John F. Kennedy after his assassination, it captured the hearts of millions. The initial coin was struck in 90% silver, symbolizing the nation’s admiration for its fallen leader. However, changing economic conditions soon led to a reduction in silver content, resulting in the silver-clad Kennedy Half Dollar, minted from 1965 to 1970.
This article explores the fascinating history, design features, and collectability of these transitional coins. We’ll dive into their unique specifications, minting variations, and why they remain a favorite among collectors today.
Overview of the Silver-Clad Kennedy Half Dollar
| Feature | Details |
| Years Minted | 1965-1970 |
| Composition | 40% Silver, 60% Copper (Outer layers: 80% Silver, 20% Copper) |
| Weight | 11.5 g |
| Diameter | 30.6 mm |
| Edge Type | Reeded |
| Obverse Designer | Gilroy Roberts |
| Reverse Designer | Frank Gasparro |
| Mintage High (Circulation) | 295,046,978 (1967) |
| Mintage Low (Circulation) | 2,150,000 (1970-D) |
| Mintage High (Proof) | 3,041,506 (1968-S) |
| Mintage Low (Proof) | 2,632,810 (1970-S) |
The Shift to Silver-Clad Coins
The Kennedy Half Dollar’s composition changed in 1965 due to rising silver prices and increased demand for precious metals. While Congress eliminated silver entirely from dimes and quarters, it made an exception for half dollars, reducing their silver content to 40%. This decision, however, marked the beginning of the coin’s decline in daily circulation.
The reduced silver content made the coin less attractive for everyday transactions but piqued the interest of collectors. Furthermore, vending machine companies and businesses found the coin’s size cumbersome, further reducing its practical use.
The Timeless Design of the Kennedy Half Dollar
One of the most striking features of the Kennedy Half Dollar is its elegant design, which has remained relatively unchanged over the decades.
Obverse: A Tribute to JFK
The obverse of the coin features a left-facing profile of President Kennedy, designed by Gilroy Roberts. This image, originally adapted from Kennedy’s inauguration medal, is surrounded by the word “LIBERTY” and the national motto “IN GOD WE TRUST.” Below the portrait is the year of issue, with Roberts’ initials (“GR”) subtly engraved near the truncation of Kennedy’s neck.
Reverse: The Presidential Seal
Frank Gasparro, Roberts’ assistant, designed the reverse based on the Seal of the President of the United States. It features a heraldic eagle with outstretched wings, holding an olive branch and arrows in its talons. A ribbon inscribed with “E PLURIBUS UNUM” flows from the eagle’s beak, while a ring of 50 stars encircles the design, symbolizing the states. Gasparro’s initials (“FG”) are tucked between the eagle’s leg and tail feathers.
Collecting the Silver-Clad Kennedy Half Dollar
The silver-clad Kennedy Half Dollar series offers collectors a unique challenge with its relatively small yet diverse selection of coins. From business strikes to proofs and special mint sets, this series provides something for everyone.
1. Business Strikes
Business strikes were minted each year from 1965 to 1970. From 1968 onward, all such coins bore the “D” mintmark of the Denver Mint. These coins, produced for circulation, are often found in uncirculated condition, especially as part of U.S. Mint coin sets.
2. Special Mint Sets (1965-1967)
Special Mint Sets (SMS) replaced traditional proof and uncirculated sets during the transition period from 1965 to 1967. Produced in San Francisco but lacking a mintmark, SMS coins feature a unique semi-proof finish. These sets, initially sold for $4, are still affordable for collectors, with prices typically below $15.
3. Proof Coins (1968-1970)
Proof production resumed in 1968, with coins struck at the San Francisco Mint and bearing the “S” mintmark. These coins are distinguished by their highly reflective surfaces and sharp details, making them prized by collectors. Despite their beauty, proofs from this period are not particularly rare, as millions were produced each year.
Key Coins in the Series
While all silver-clad Kennedy Half Dollars are worth collecting, certain dates stand out for their rarity or unique characteristics:
- 1965 Special Mint Set: The first SMS coin, known for its distinctive finish.
- 1968-S Proof: The inaugural proof coin of the silver-clad series.
- 1970-D: Only available in mint sets, making it the rarest business strike of the series.
Why the Kennedy Half Dollar is Popular Among Collectors
1. Historical Significance
Few coins capture a moment in history like the Kennedy Half Dollar. Its creation marked a national tribute to a president whose legacy still resonates.
2. Unique Composition
The 40% silver-clad composition of these coins sets them apart from other circulating coinage of the era, offering a fascinating glimpse into a transitional period in U.S. monetary policy.
3. Affordable and Accessible
Unlike many collectible silver coins, the Kennedy Half Dollar is affordable for both beginners and seasoned collectors. Even rare examples like the 1970-D can be obtained at reasonable prices.
Tips for Collecting
- Look for Original Sets: Purchasing original U.S. Mint sets can ensure authenticity and provide well-preserved examples.
- Focus on Condition: Coins in higher grades, such as uncirculated or proof, tend to retain and grow in value.
- Seek Expert Guidance: Research or consult experts to identify genuine coins and avoid counterfeits.
FAQs
1. What makes the Kennedy Half Dollar from 1965-1970 unique?
These coins were the last U.S. half dollars to contain silver (40%), making them stand out among other coins in circulation.
2. Are silver-clad Kennedy Half Dollars valuable?
While they are not exceedingly rare, coins in pristine condition or specific dates like the 1970-D can fetch a premium among collectors.
3. What is a Special Mint Set?
Special Mint Sets were issued from 1965 to 1967 as a substitute for traditional proof and uncirculated sets, featuring coins with enhanced finishes.
4. How can I identify a proof Kennedy Half Dollar?
Proof coins from 1968-1970 carry the “S” mintmark and are known for their polished, mirror-like surfaces.
5. Why did the Kennedy Half Dollar lose popularity in circulation?
Its larger size and weight, combined with the lack of adjustments for vending machines, made it less practical for everyday use.
Final Thoughts
The silver-clad Kennedy Half Dollar series is a cornerstone for any numismatics enthusiast, offering a blend of historical value, striking design, and affordability. Whether you’re drawn to its tribute to President Kennedy or its unique place in U.S. coinage, this series has much to offer collectors.
Start your journey today and uncover the beauty and history behind these iconic coins. Share your thoughts, collections, or tips in the comments below—happy collecting!