In 1964, Franklin half dollars were replaced by Kennedy Half Dollars, which were struck to memorialize the late President John F. Kennedy, who was assassinated just the year prior. Collectors and those who wanted to keep a memento of the late president hoarded the half dollars when they were initially released in March of 1964. Because the first Kennedy half dollars were made of 90% silver, as the price of silver increased, more coins were hoarded. Therefore, in 1965, the percentage of silver in the Kennedy half dollar was decreased from 90% to 40%. Regardless of this change in composition, the Kennedy half dollar had limited circulation.
Beginning in 1971, the coin's composition for circulation changed to remove silver entirely. A special reverse of the Kennedy half dollar was struck in 1975 and 1976 to honor the bicentennial of the United States. The bicentennial reverse, designed by Seth G. Huntington, featured Independence Hall. The obverse of the bicentennial Kennedy half dollars was double dated 1776-1976. Silver proof half dollars were available for collectors starting in 1992.
From 2001 to 2020, production of Kennedy half dollars for circulation halted. Coins minted during this time were mainly for collection purposes. A 50th anniversary set of Kennedy half dollars and a special edition 99.99% gold Kennedy half dollar was released in 2014. Since 2021, Kennedy half dollars once again are being produced for circulation.
JFK Half Dollar: A Collector's Perspective
The JFK half dollar, introduced in 1964 to honor the memory of President John F. Kennedy, has become a staple among coin collectors. Initially minted with 90% silver, the composition was altered over the years, yet the coin's allure remains strong. Collectors prize these coins not only for their historical significance but also for the intricate designs by Gilroy Roberts and Frank Gasparro. From the initial silver issues to the copper-nickel clad versions, each Kennedy half dollar tells a story of American history and craftsmanship, making them a must-have for any numismatic enthusiast.
