The Kennedy Coin That’s Now Worth Over $50,000: Every collector dreams of discovering hidden treasure — and sometimes, that dream comes true in the most unexpected places. One lucky finder recently made headlines after uncovering a rare Kennedy half dollar coin in an old toolbox that turned out to be worth over $50,000. This remarkable discovery has reignited interest in one of America’s most iconic coins: the John F. Kennedy Half Dollar.
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The Birth of the Kennedy Half Dollar
The Kennedy Half Dollar was first issued in 1964, just months after the tragic assassination of President John F. Kennedy. Designed by Gilroy Roberts (obverse) and Frank Gasparro (reverse), the coin quickly became a national symbol of honor and remembrance.
The first-year coins were struck in 90% silver, and millions of Americans hoarded them as mementos rather than spending them — making pristine examples particularly rare today.
The $50,000 Discovery
The story began when a man sorting through his late grandfather’s old tools and collectibles stumbled upon a small tin box. Inside was a Kennedy half dollar wrapped in paper with the note, “Keep this one — special strike.” Upon professional evaluation, experts confirmed it was a rare 1964 SMS (Special Mint Set) Kennedy half dollar, one of only a few known to exist.
This version of the coin was not intended for public release, and experts believe it was specially struck at the Philadelphia Mint for testing or presentation purposes. Only a handful of these coins have ever been authenticated — each valued between $40,000 and $50,000+, depending on condition.
What Makes the 1964 SMS Kennedy Half Dollar So Valuable
Several distinct features separate the 1964 SMS from regular 1964 half dollars:
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Sharp Details: The design has crisp, square edges with no signs of wear or mass production.
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Satin Finish: Unlike proof coins, these have a soft, matte-like surface rather than a mirror shine.
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No Mint Mark: These coins were struck in Philadelphia and lack the “D” mint mark found on Denver coins.
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Die Characteristics: The “4” in “1964” has a unique pointed tip, and the hair above Kennedy’s ear is sharply defined.
Because of their extreme rarity, even lower-grade SMS coins can sell for tens of thousands of dollars.
Other Rare Kennedy Half Dollars Worth Big Money
| Year | Variety / Type | Approximate Value |
|---|---|---|
| 1964 Accented Hair Proof | Early proof version with distinct hair detail | $2,000–$5,000 |
| 1966 SMS Variety | Rare matte finish, limited issue | $2,000+ |
| 1970-D Half Dollar | Key date with limited mintage | $300–$1,000 |
| 1998-S Matte Proof (Kennedy-Robert F. Kennedy Set) | Limited collector issue | $500–$1,200 |
| 1964 SMS (Special Mint Set) | Ultra-rare, few known | $40,000–$50,000+ |
How to Tell if You Have a Valuable Kennedy Half Dollar
If you have old coins lying around, especially half dollars from the 1960s and 1970s, here’s what to look for:
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Check the Date: Focus on 1964, the first year of issue.
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Inspect the Finish: Matte or satin surfaces indicate special mint strikes.
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Look for Mint Marks: The “D” (Denver) or “S” (San Francisco) marks are near the truncation of Kennedy’s neck.
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Weight Test: 1964 halves should weigh about 12.5 grams — confirming a silver composition.
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Get It Graded: For high-value coins, professional authentication by PCGS or NGC is essential.
Where to Sell or Appraise Rare Coins
If you think you might have a rare Kennedy half dollar, don’t rush to spend or clean it. Instead:
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Contact a certified coin dealer for a professional opinion.
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Submit it to PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company).
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Check auction houses like Heritage Auctions or Stack’s Bowers for similar listings.
(FAQ) The Kennedy Coin That’s Now Worth Over $50,000
Q1. What is the most valuable Kennedy half dollar?
The 1964 SMS Kennedy Half Dollar holds the record, with verified examples selling for $47,000–$50,000+.
Q2. How can I tell if my 1964 Kennedy half dollar is silver?
All 1964 Kennedy half dollars are 90% silver and weigh 12.5 grams. Later years (1965–1970) contain 40% silver.
Q3. Are Kennedy half dollars still made today?
Yes. The U.S. Mint still produces them in limited numbers for collectors, though they are rarely used in circulation.
Q4. Should I clean my old coins?
Never clean coins — it can damage their surface and drastically reduce value.
Q5. Where are rare coins like this usually found?
Inherited collections, old toolboxes, safe deposit boxes, or military memorabilia often hide treasures like the one found in Grandpa’s toolbox.
Final Thoughts
The discovery of a $50,000 Kennedy half dollar in a simple toolbox proves that hidden treasures can be found in the most ordinary places. Whether you’re a seasoned collector or just starting out, it’s worth checking those old jars, drawers, and family keepsakes. You never know — your next great find could be resting in plain sight.
