The excitement is brewing in the coin world due to the rare 1964 Kennedy Half Dollar that is allegedly worth $5.9 million and may be circulating at this very time. The coin was put into circulation in honor of President John F. Kennedy and might be lying around in some old change jar somewhere. This article proceeds to discuss its value, major characteristics, and how to identify this numismatic jewel.
A Historic Coin With Extraordinary Value
As presentation of national grief, the striking of the Kennedy Half Dollar was ordered to begin in 1964, following Kennedy’s assassination. Most are quite common, worth 50 cents or just a bit more since they constitute 90% silver. However, a rare 1964 Special Mint Set (SMS) strike or error coin might command a price through the millions due to scarce numbers, with probably less than 10 of them having been found to date, and also due to perfect condition.
The Reason For The Millions
It is said that the reason for such an excess of $5.9 million lies in the rare features of the coin. These features may include the SMS strike of satin finish with sharp details, or some attractive minting errors like double dies, or some wrong planchets. The historical significance of the coin from JFK’s legacy and its condition very few coins have ever attained (MS-68 or above) enhance the worth to that of a million dollars and more. Hence, these coins meant for collectors have most probably found their way to general circulation through accidental mishandling at the Mint or through estate sales.
How It Went Into Circulation
Numismatists suggest that this coin may have gone into circulation sometime after an estate sale, having last been traced to a private collection in the early 2000s. Rare coins occasionally slip away into common usage,/payment in stores, or vending machines, maybe unnoticed, adding to the fun for the collectors and casual finders.
How To Spot The Rare Coin
To identify a $5.9 million Kennedy Half Dollar, you want to look out for coins that: Date: Are primarily made up of 1964s, with 90% silver content.
- Finish: Look for a satin-glassy, mirror finish with seemingly crisp details.
- Errors: Double dies or off-center strikes increase value.
- Weight: Should be 12.5 grams; any variation might be an error.Use a magnifying glass and do not clean it. Professional grading by PCGS or NGC is an absolute must for authentication.
The Thrill Of The Treasure Hunt
Almost the thought of spending regular change might sometime harbor a $5.9 million dollar possibility instantly intrigues both collectors and the general public. Each day might just be a little bit exciting if coin jars, bank rolls, or loose change could throw up a discovery of this magnitude. The excitement never dies with social media giving out waves about these finds and popcorn-worthy tales of the past.
Also Read:Is Your 1981 Dollar Coin Rare: It Might Be Worth $880,000