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How much is a 1967 Kennedy Half Dollar Worth?

How much is a 1967 Kennedy Half Dollar Worth

Kennedy half dollars with a silver component are generally worth their weight in silver because of their very high mintage, and the 1967 Kennedy half dollar is no different. The ones in circulated condition usually sell for around $5, while higher grades can fetch anywhere between $7 – $25.

The 1967 Kennedy half dollar belongs to one of the most popular series among coin collectors. Minted to honor one of America’s most beloved presidents, Kennedy half dollars remain an irreplaceable part of every collection.

The Kennedy Half Dollar

Production of this series started in 1964, with the coins having a composition of 90% silver and 10% copper. However, the US Mint later reduced the silver component from 90% to 40% for Kennedy half dollars struck between 1965 to 1970.

Subsequent mints after 1970 have a composition of 75% copper and 25% nickel, with no silver component.

History

Following the assassination of John F. Kennedy, the United Mint Director, Eva Adams, informed Gilroy Robert, the Chief Engraver, about the consideration of honoring the late President by depicting him on either the silver, half, or quarter dollar.

Adams later authorized the project for the half dollar on November 27, 1963. The decision came because Jacqueline Kennedy, the late president’s widow, didn’t want to replace George Washington on the quarter and, therefore, picked the half dollar.

Roberts had to improve on an existing bust of Kennedy used for the Kennedy medal because of the time constraint since the production would begin in January 1964. With Roberts working on the coin’s obverse, Frank Gasparro handled the reverse and modified the designs he created for the same medal.

Since the US Mint needs approval from Congress for any design change within 25 years of the previous one, Texas Representative Henry Gonzalez introduced the bill for the new design featuring Kennedy. Congress endorsed the call on December 10, and the bill passed on December 30, 1963, giving the mints full approval to strike the coins.

1967 Kennedy Half Dollar

1967 Kennedy Half Dollar

The coin is a part of the Kennedy series, and it circulated in 1967. Even though it carries similar designs as previous mints, its year of production and mintage are different.

1967 Kennedy Half Dollar
Year 1967
Composition 40% Silver, 60% Copper
Total Weight 11.50 grams
Diameter 30.61 millimeters
Edge 150 Reeds
Designer Gilroy Roberts/Frank Gasparro

Features of the 1967 Kennedy Half Dollar

With the intent to honor the late president and the country he died serving, this coin depicts Kennedy on its obverse and the US eagle on the reverse.

Knowing the coin’s features go a long way in avoiding counterfeits and even performing some measures of self-grading.

Obverse

Obverse

The coin’s obverse carries a left side profile of the late president with the word “LIBERTY” struck along its top. Underneath Kennedy’s profile, you will find the coin’s production year, which in this case is “1967.”

You will find the famous motto “IN GOD WE TRUST” and the coin’s production year below the late president’s profile. It is important to note that the profile’s neck splits the sentence into two halves across the coin.

Although other Kennedy half dollars carry their mint marks on the obverse, the 1967 Kennedy half dollar has no mint mark, and we will get to that soon.

Reverse

Reverse

You will find the American bald eagle struck at the center of the coin with outstretched wings. The eagle has an olive branch in its left talon and arrows in its right talon. This depiction symbolizes the United States’ readiness for both Peace and War.

Above the eagle is a ribbon with the words “E PLURIBUS UNUM,” while stars surround the eagle. The “UNITED STATES OF AMERICA” lies struck along the top of the coin with its denomination “HALF DOLLAR” struck at its bottom.

Finally, the coin’s edges are reeded.

Mints

1967 Kennedy Half Dollar
Location Year Minted
Philadelphia 1967 P 295,046,978

You might wonder why the 1967 Kennedy half dollar carries no mint mark, unlike other Kennedy coins. The reason is that the Philadelphia mint struck the 1967 half dollar, and the mint doesn’t use any mark.

Even though the coins carry no mint mark, they were struck in high numbers. The Philadelphia mint produced a total of about 295,046,978 1967 half dollars. However, such high mintage did not guarantee efficient circulation.

The Kennedy half dollar never circulated well. First, because of the massive hoarding during the early years of production. Also, most of the coins were melted down for their silver during those times.

However, although Kennedy half dollars are still in production, you will rarely find one in everyday circulation. The reason is that the coins are sold in mint sets and are intended only for collectors.

1967 Kennedy Half Dollar Errors

Just like other coins of high mintage, the 1967 half dollar has its share of errors and defects that can increase its value.

Lamination Error

This error occurs when there is an issue with the coin’s outer coating during manufacture. It causes discolouration, peeling, and uneven surfaces.

Ragged Edge Clip

As its name implies, coins with this error have ragged edges because the collar used during striking has become dull.

However, this error adds to the coin’s value as a 1967 silver half dollar with a ragged edge clip can sell for as much as $95.

Struck on 25C

This error is a result of striking a half dollar on a quarter or .25 cent planchet. Since the quarter planchet is smaller than a half dollar’s, the coin ends up with incomplete features, especially words.

A quarter planchet error increases a coin’s value significantly. A 1967 Kennedy half dollar with this error can sell for anything between $400 to $100+.

Clipped Planchet

Clipped planchet errors occur because of a misfeed when feeding the metal strip through the blanking machine. This causes the punches to overlap the metal when striking, creating a clean break or clip.

This error has two types, namely Straight clip and Curved clip, with the former being rarer than the latter. The two types also increase a coin’s value significantly.

Struck on Defective Planchet

A planchet becomes defective if it’s damaged before or after punching it from the original metal sheet. If this damaged metal then makes it to the dies, it will end up as a defective planchet.

Therefore, coins with this error were struck on such planchets.  On the upside, it also increases a coin’s value by up to $100+.

Strike-Through Error

Generally, strike-throughs happen when a foreign object, material, or substance comes in between the die and planchet during striking. The result is the foreign material getting imprinted on the coin.

A strike-through error usually occurs when only one Mint struck a series. The mint comes under unusual pressure to meet mintage demands and try to apply excess grease to lubricate the dies.

In the case of the 1967 silver half dollar, the foreign substance was grease, and it caused one or more defects to the coin.

This error also adds to the coin’s value.

Double Die Obverse and Double Die Reverse (DDO & DDR)

A DDO/DDR error happens when the die strikes the planchet twice or more. The result is the coin having double letterings or extra edges because the features were struck multiple times.

When the error occurs on the coin’s obverse, you call it a Double Die Obverse error and a Double Die Reverse if it occurs on the coin’s reverse.

Struck on Thin Planchet

The planchet used can sometimes be too thin, causing the coin to have lesser weight than regular ones.

How Rare is the 1967 Kennedy Half Dollar

The 1967 Kennedy half dollar is not rare to find because of its high mintage. However, the series in general never quite circulated, with most still sitting in bank vaults to date.

Sometimes, high mintage does not guarantee a coin’s abundance in circulation. There are several reasons for this, with hoarding being one of them. Other causes include demand and spending power.

Half dollars are no longer in circulation mainly because of inflation and the use of cashless means to make purchases. This is why Kennedy half dollars are now minted solely for collectors to obtain through mint sets.

Until the government decides to stop their production, the half dollars will remain in bank vaults. While this looks far-fetched, it might happen in the nearest future because of how fast we are moving towards a  cashless society.

On the other hand, 1967 silver half dollars with errors generally have significantly lesser numbers and, as such, will not be as common as regular ones. This also explains their higher value compared to error-free coins.

1967 Kennedy Half Dollar Value

Although a 1967 Kennedy half dollar value does not fall below its weight in silver, it can fetch more prices, especially in top conditions. Speaking of which, a coin’s condition plays a huge role in its value.

There are a number of factors that influence the amount your 1967 silver half dollar will fetch.

Grade

A coin’s grade refers to its condition, and while it is broadly divided into two types (circulated and uncirculated), it is more intricate than that.

Circulated: Coins in circulated condition have been spent, and because of this, they have visible signs of wear and discolouration. The damage is mainly due to hand-to-hand exchanges.Grades that fall under this condition include

  • Good
  • Very Good
  • Fine
  • Very Fine
  • Extremely Fine

Uncirculated: Coins in this condition show extremely little to no signs of damage. The reason is that most have never exchanged hands and never been spent. Some in this condition remain the same as the moment they were struck.

This category also covers the ones minted for collectors i.e. Proof.

  • About Uncirculated
  • Mint State (MS 60 -70)
  • Proof (PR)

1967 silver half dollars in mint states (MS) can sell for up to $50, while those with PR grades can go for much more.

Rarity

This factor not only influences a coin’s worth but also affects its demand among collectors. If your coin has a mintage above 10 million, it is generally not considered very rare. In the case of the 1967 Kennedy half dollar, a mintage of more than 295 million means it is quite common.

As a result, collectors can acquire it with relative ease and that makes its value low. However, 1967 Kennedy half dollars with errors are less common and therefore fetch more prices.

Demand

The more the demand for a coin, the more it’s worth. This applies to both demands among collectors and for circulation.

If a coin is rare, its demand would be high, which will increase its value too. However, if the coin is common, that means people can obtain it with ease, which will lower its value, hence the low value of 1967 half dollars.

Other factors include where you choose to sell your coin and how you present it too.

1967 Kennedy Half Dollar Value

Coin
Price
Mint State (MS 65)
$13.5
Special Mint Set (MS 65)
$21.99
Special Mint Set (MS 66)
$24
Special Mint Set (MS 67)
$89.95
Special Mint Set with DDO (MS 67)
$225
Proof (SP 67)
$59.99

Note: All the 1967 half dollars were struck at the Philadelphia mint, hence the absence of a mint mark.

5 Most Valuable 1967 Kennedy Half Dollar Ever Sold

5 Most Valuable 1967 Kennedy Half Dollar
No. Type Condition Sold Date Price
1 1967 Half Dollar MS69 Jan 10, 2019 $31,200.00
2 1967 Half Dollar MS69 Aug 10, 2016 $19,975.00
3 1967 50C SMS SP68 Aug 14, 2015 $17,625.00
4 1967 Half Dollar MS69 Nov 2, 2017 $15,600.00
5 1967 Kennedy Half SP68 Oct 29, 2015  $12,925.00

1. 1967 Half Dollar, MS69 Sold on Jan 10, 2019 for: $31,200.00

1967 Half Dollar, MS69 Sold on Jan 10, 2019 for $31,200.00

2. 1967 Half Dollar, MS69 Sold on Aug 10, 2016 for: $19,975.00

1967 Half Dollar, MS69 Sold on Aug 10, 2016 for $19,975.00

3. 1967 50C SMS SP68 Sold on Aug 14, 2015 for: $17,625.00

1967 50C SMS SP68 Sold on Aug 14, 2015 for $17,625.00

4. 1967 Half Dollar, MS69 Sold on Nov 2, 2017 for: $15,600.00

1967 Half Dollar, MS69 Sold on Nov 2, 2017 for $15,600.00

5. 1967 Kennedy Half, SP68 Sold on Oct 29, 2015 for: $12,925.00

1967 Kennedy Half, SP68 Sold on Oct 29, 2015 for $12,925.00

Best Places to Sell Your 1967 Kennedy Half Dollar

As we mentioned earlier, the place or outlet you choose to sell your 1967 silver half dollar can play a vital role in getting you more value. There are some options to pick from based on convenience and worth.

Local Coin Dealers and Pawn Shops

These places are more convenient for most people, and they can even grade your coin for free. You might want to use them for quick cash, especially for low-value coins like the 1967 half dollar.

However, you might get even less for your coin compared to other options.

Online Platforms

Websites like eBay, Etsy, and Heritage Auctions allow people to put things for sale. They are especially useful for collectors mainly because they make bidding processes easy and comfortable. You will have to create an account and then follow the necessary steps for placing your coin on the market.

A good way to fetch more value for your coin is to grade it beforehand. You can have a coin dealer or appraiser take a look at it. Another great idea is to take clear pictures of your coin and put it in casings or transparent wrapping with good eye appeal.

Online platforms will generally yield more value for your coin because several people will bid on it.

Note: If you are wondering if there is a different option for buying, you can get one from the bank. However, it might come in a mint set like in the case of some other Kennedy half dollars.

Wrapping Up

Every coin collector will have to obtain the 1967 Kennedy half dollar because you cannot complete a Kennedy collection without it.

As a part of a series that honors a great and beloved president, this coin’s value is not in the amount it can fetch but rather in what it represents to American society.

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