The 1987 Kennedy Half Dollar occupies a distinctive niche in numismatic history, drawing collectors from around the globe. Its limited release and unique features have raised its profile, making it a highly prized item among enthusiasts.
Table of Contents
Historical Context
Launched in 1964 to commemorate President John F. Kennedy, the Kennedy Half Dollar rapidly emerged as a symbol of national pride. By 1987, however, the U.S. Mint had accumulated an excess of half dollars, prompting a pivotal decision: no half dollars were distributed into general circulation that year.
Instead, every 1987 Kennedy Half Dollar was issued exclusively as part of Uncirculated Mint Sets, greatly enhancing their desirability among collectors.
Mintage Details
The production of the 1987 Kennedy Half Dollar occurred at two main mints:
| Mint Location | Mint Mark | Mintage Quantity |
|---|---|---|
| Philadelphia | P | 2,890,758 |
| Denver | D | 2,890,758 |
Factors Contributing to Its Rarity
Several factors boost the allure of the 1987 Kennedy Half Dollar:
- Limited Circulation: Since these coins were not released into everyday commerce, they are rarely found outside of mint sets.
- Collector Exclusivity: Their availability only through Uncirculated Mint Sets makes them even more coveted by collectors.
- Condition Sensitivity: Although many remain in pristine condition, achieving higher grades such as MS67 or MS68 is uncommon and dramatically enhances the coin’s value.
Valuation and Market Performance
The market value of a 1987 Kennedy Half Dollar is largely determined by its condition and mint mark:
- Circulated Condition: Generally valued between $0.60 and $0.75.
- Uncirculated (MS65): Priced at roughly $6.12.
- High Grades (MS67-MS68): An MS67 coin may fetch around $50, while an MS68 specimen has reached auction prices as high as $4,800.
Notable Auction Sales
Outstanding specimens have attracted significant attention at auction:
- 2015: A 1987-P Kennedy Half Dollar graded MS68 by PCGS sold for $4,112.50.
- 2018: An NGC-certified MS68 example achieved a sale price of $4,800.
Identifying High-Grade Specimens
To evaluate if your 1987 Kennedy Half Dollar holds substantial value, consider the following attributes:
- Luster: A bright, satin-like sheen indicates minimal handling.
- Strike Quality: Clear, sharp details, particularly in Kennedy’s hair and the eagle’s feathers, are indicative of an excellent strike.
- Surface Preservation: The absence of contact marks or blemishes enhances the overall grade of the coin.
Conclusion
The 1987 Kennedy Half Dollar stands as a testament to a unique era in U.S. coinage. Its restricted release and collector-oriented distribution have cemented its status as a highly sought-after piece. Whether you are an experienced numismatist or a casual collector, this coin embodies both historical significance and promising investment potential.
FAQs
Why were 1987 Kennedy Half Dollars not released into circulation?
Because of an oversupply from earlier issues, the U.S. Mint restricted 1987 half dollars to Uncirculated Mint Sets only.
How can I determine the grade of my 1987 Kennedy Half Dollar?
For an accurate assessment, it is advisable to consult a professional coin grading service.
Are there any known errors in the 1987 Kennedy Half Dollar series?
No significant mint errors have been widely reported for the 1987 series.
