The Kennedy Half Dollar, first minted in 1964 to honor President John F. Kennedy, has remained a favorite among collectors. While most of these coins are common, a handful of rare half dollars-some predating the Kennedy series-have commanded extraordinary prices, with some surpassing the $500,000 mark at auction.
This guide explores five of the most valuable half dollars ever sold, examining the features that make them so sought after.
Table of Contents
1. 1796 16 Stars Draped Bust Half Dollar
Why It’s Valuable:
Despite being minted long before the Kennedy Half Dollar, the 1796 16 Stars Draped Bust Half Dollar is a standout due to its extreme rarity and historical importance. Featuring 16 stars to represent the states in the Union at the time, this coin is a collector’s dream.
- Auction Price: $822,500
- Key Feature: Unique 16-star design
- Rarity: Extremely limited mintage
2. 1797 Draped Bust Half Dollar
Why It’s Valuable:
With a mintage of only 2,984, the 1797 Draped Bust Half Dollar is among the scarcest half dollars ever produced. Its historical value, combined with its rarity, makes it highly desirable.
- Auction Price: $1,527,500
- Key Feature: Limited mintage
- Condition Matters: A specimen graded MS66 achieved this record price in 2015
3. 1838-O Capped Bust Half Dollar (Proof)
Why It’s Valuable:
The 1838-O Capped Bust Half Dollar is the first half dollar struck at the New Orleans Mint. With fewer than 20 known proofs, its extreme rarity has made it a prized possession among numismatists.
- Auction Price: $763,750
- Key Feature: First New Orleans Mint half dollar
- Collector’s Tip: Proof coins have sharper details and mirror-like surfaces
4. 1817/4 Capped Bust Half Dollar
Why It’s Valuable:
This coin is famous for its overdate error, where the ‘4’ is stamped over a ‘7’. Only 10 examples are known to exist, making it one of the rarest and most valuable half dollars.
- Auction Price: $356,500
- Key Feature: Rare overdate error
- Collectors’ Note: Graded AU50, one sold for this price in 2009
5. 1796 15 Stars Draped Bust Half Dollar
Why It’s Valuable:
This version of the 1796 Draped Bust Half Dollar features only 15 stars, representing the states in the Union before Tennessee’s admission. It holds significant historical value and is highly sought after.
- Auction Price: $373,750
- Key Feature: 15-star design
- Rarity: Only a limited number exist today
Summary of the Most Valuable Half Dollars
| Coin | Year | Grade | Auction Price |
|---|---|---|---|
| 1796 16 Stars Draped Bust Half Dollar | 1796 | MS66 | $822,500 |
| 1797 Draped Bust Half Dollar | 1797 | MS66 | $1,527,500 |
| 1838-O Capped Bust Half Dollar (Proof) | 1838 | SP64 | $763,750 |
| 1817/4 Capped Bust Half Dollar | 1817 | AU50 | $356,500 |
| 1796 15 Stars Draped Bust Half Dollar | 1796 | MS63 | $373,750 |
Understanding Half Dollar Rarity
The world of coin collecting is filled with fascinating pieces that showcase history, artistry, and the thrill of discovery. While no Kennedy Half Dollar has yet surpassed the $500,000 mark, these rare early half dollars provide insight into what makes a coin truly valuable.
Collectors seeking the next great find should pay attention to historical significance, rarity, and coin condition-factors that continue to drive demand and high auction prices.
FAQs
What makes a half dollar valuable?
Several factors determine a half dollar’s value, including rarity, historical significance, minting errors, and coin condition (grade). Coins with limited mintage or unique features tend to command higher prices.
Have any Kennedy Half Dollars sold for over $500,000?
Not yet. The highest-known sale for a Kennedy Half Dollar was a 1964 SMS Kennedy Half-Dollar graded SP68, which sold for $156,000 in 2019. However, certain rare Kennedy editions continue to rise in value.
How can I find out if my half dollar is valuable?
To assess your coin’s worth, check the date, mint mark, condition, and any unique features. For an accurate evaluation, consult a professional coin grading service or a reputable numismatic guide.
By keeping an eye on rarity, condition, and historical significance, collectors can uncover valuable treasures and better understand the fascinating world of half dollar coins.
