Rare Kennedy Half Dollar Worth $19.9 Million Still Circulating – Few Know It Exists
Imagine discovering a coin in your pocket change worth nearly $20 million.
It may sound like a fantasy, but numismatic circles are abuzz with rumors of a rare Kennedy Half Dollar valued at $19.9 million still circulating unnoticed.
This article delves into the origins, unique features, and the mystery surrounding this extraordinary coin.
The Genesis of the Kennedy Half Dollar
The Kennedy Half Dollar was first minted in 1964 to honor President John F. Kennedy following his assassination in 1963.
Designed by Gilroy Roberts (obverse) and Frank Gasparro (reverse), the coin features a left-facing profile of Kennedy and the Presidential Seal.
The initial 1964 coins were composed of 90% silver, transitioning to 40% silver from 1965 to 1970, and then to a copper-nickel clad composition from 1971 onwards.
The Enigmatic $19.9 Million Coin
The coin in question is believed to be a 1964 Special Mint Set (SMS) Kennedy Half Dollar. These coins were not released for general circulation and are characterized by their satin-like finish, sharp details, and absence of mint marks. Only a handful of these SMS coins are known to exist, making them exceedingly rare and valuable.
In 2016, a 1964 SMS Kennedy Half Dollar sold for $47,000, highlighting the coin’s significant worth. However, the rumored $19.9 million valuation suggests the existence of an even rarer variant, possibly a prototype or error coin, that has yet to be authenticated.
Key Characteristics of the Rare Coin
| Feature | Description |
|---|---|
| Year | 1964 |
| Composition | 90% Silver, 10% Copper |
| Finish | Satin-like (Special Mint Set) |
| Mint Mark | None |
| Weight | 12.5 grams |
| Diameter | 30.6 mm |
| Edge | Reeded |
| Notable Features | Sharp details, absence of mint mark, unique finish |
| Estimated Value | Up to $19.9 million (unverified) |
The Mystery of Its Circulation
Despite their rarity, it’s speculated that one of these SMS coins may have entered general circulation, possibly due to a minting error or oversight.
Given the coin’s resemblance to standard 1964 Kennedy Half Dollars, it’s plausible that it could go unnoticed by the average person.
The possibility of such a valuable coin being in everyday use has spurred interest among collectors and the general public alike, leading to increased scrutiny of half dollars in circulation.
How to Identify the Rare Coin
To determine if you possess this elusive coin, consider the following:
- Date: Look for the year 1964.
- Mint Mark: The absence of a mint mark is a key indicator.
- Finish: A satin-like appearance, differing from the standard proof or business strike finishes.
- Details: Sharp and well-defined features, particularly in Kennedy’s hair and the eagle’s feathers.
- Weight and Dimensions: Ensure the coin matches the standard specifications (12.5 grams, 30.6 mm diameter).
If your coin exhibits these characteristics, it’s advisable to consult a professional numismatist or a reputable coin grading service for authentication.
The tale of the $19.9 million Kennedy Half Dollar serves as a captivating reminder of the hidden treasures that may lie in our everyday transactions.
While the existence of this particular coin remains unverified, the possibility fuels the imagination and underscores the importance of paying attention to the details in our currency.
Whether you’re a seasoned collector or a curious novice, the world of numismatics offers endless opportunities for discovery.
FAQs
What makes the 1964 SMS Kennedy Half Dollar so valuable?
Its rarity, unique finish, and historical significance contribute to its high value. The limited number of known specimens and the mystery surrounding their origin enhance their desirability among collectors.
How can I get my coin authenticated?
You can submit your coin to professional grading services such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC) for evaluation and certification.
Are there other valuable Kennedy Half Dollars?
Yes, certain variants like the 1964 Accented Hair proof, 1970-D, and 1982 No FG half dollars are also considered valuable due to their rarity and unique features.