Rare 1968 Kennedy Half Dollars: The 1968 Kennedy Half Dollar is a sought-after coin among collectors due to its historical significance, silver content, and rare mint errors. While many of these coins are relatively common, certain varieties can command significant prices. In this guide, we’ll explore what makes these coins valuable and how collectors can identify the most valuable pieces.
Historical Significance of the 1968 Kennedy Half Dollar
The Kennedy Half Dollar was first introduced in 1964 to commemorate President John F. Kennedy after his tragic assassination. The coin quickly became popular among Americans, leading to widespread hoarding.
By 1968, the composition of the Kennedy Half Dollar had changed to 40% silver, a shift from the original 90% silver content. This change was driven by rising silver prices and increasing demand for precious metals. The 1968-D Kennedy Half Dollar was minted exclusively at the Denver Mint, as indicated by the “D” mint mark.
Factors That Influence the Value of a 1968 Kennedy Half Dollar
Several key factors determine the worth of a 1968 Kennedy Half Dollar. Collectors and investors consider the following aspects when evaluating these coins:
1. Condition and Grading
The coin’s condition plays a crucial role in its value. Coins graded MS65 and above are significantly more valuable than circulated or lower-graded examples. Professional coin grading services, such as PCGS and NGC, assess the coin’s condition based on luster, strike quality, and overall preservation.
2. Mint Errors and Varieties
Certain mint errors make some 1968 Kennedy Half Dollars particularly valuable. Errors such as double die obverses, clipped planchets, and misaligned dies can increase the coin’s worth.
3. Silver Content and Intrinsic Value
The 1968 Kennedy Half Dollar contains 40% silver, giving it intrinsic value based on silver market prices. Even in circulated condition, these coins hold a minimum value due to their silver content.
4. Rarity and Demand
Limited mintage, combined with strong collector interest, can drive up prices. While the 1968-D Kennedy Half Dollar is not extremely rare, specific error coins and high-grade specimens are much harder to find.
Notable Mint Errors and Their Values
Certain 1968 Kennedy Half Dollar errors are highly desirable among collectors. Here are some of the most notable varieties:
Triple Clip and Partial Collar Errors
- These occur when the coin blank has multiple clipped areas and issues with the collar during striking.
- Value: Approximately $140 in MS61 grade.
Die Adjustment Strikes with Obverse Wheel Marks
- Caused by incorrect pressure calibration during minting, leading to incomplete designs and surface marks.
- Value: Around $100 for well-preserved specimens.
Inverted “S” Mint Mark on Proof Coins
- Some proof coins from the San Francisco Mint feature an inverted “S” due to manual punching errors.
- Value: Varies based on condition and collector demand.
Doubled Die Obverse (DDO)
- This error results in slight doubling of letters in “WE TRUST” or “LIBERTY.”
- Value: Dependent on severity and condition; consult specialists for accurate pricing.
Value Guide for 1968 Kennedy Half Dollars
The table below provides an overview of estimated values based on condition and notable errors:
| Condition/Error Type | Approximate Value (USD) |
|---|---|
| Circulated (Average Condition) | $7 – $9 |
| Uncirculated (MS60-MS63) | $9 – $12 |
| Choice Uncirculated (MS64-MS65) | $12 – $21 |
| Gem Uncirculated (MS66) | $58 |
| Superb Gem Uncirculated (MS67) | $584 |
| Triple Clip + Partial Collar Errors (MS61) | $140 |
| Die Adjustment Strike + Obverse Wheel Mark Errors | $100 |
| Inverted “S” Mint Mark on Proof Coins | Varies; consult specialists |
| Doubled Die Obverse (DDO) | Varies; consult specialists |
Note: Values are approximate and fluctuate based on market trends. For precise valuations, consult professional grading services or numismatic experts.
Tips for Collectors and Investors
If you’re looking to invest in or collect 1968 Kennedy Half Dollars, follow these best practices:
1. Authentication and Grading
- Always authenticate rare coins through reputable grading services such as PCGS, NGC, or ANACS to ensure their legitimacy and condition.
2. Proper Storage
- Store coins in protective holders or airtight containers to prevent damage and maintain their value.
3. Research the Market
- Stay updated on current silver prices and numismatic market trends to make informed buying or selling decisions.
4. Join Collector Communities
- Engage with numismatic forums, coin shows, and online marketplaces to network with experienced collectors and gain insights.
Final Thoughts
The 1968 Kennedy Half Dollar is a fascinating piece of U.S. coinage history, offering both historical significance and investment potential. While standard circulated coins hold modest value, high-grade specimens and rare error varieties can be worth substantial amounts. By understanding grading, errors, and market trends, collectors and investors can make the most of their numismatic pursuits.
If you own a 1968 Kennedy Half Dollar, consider getting it appraised by a professional to determine its true value. Whether you’re a seasoned collector or just starting, this coin is an excellent addition to any numismatic collection.