The 1968 Kennedy Half Dollar is a popular coin among collectors, though most aren’t considered rare. However, specific varieties and error coins can be highly valuable. The coin, featuring President John F. Kennedy, was minted in both 40% silver and standard compositions, making it appealing to a wide range of collectors. Its value is determined by factors such as condition, silver content, mint marks, and the presence of minting errors. Here’s a closer look at what makes these coins valuable.
Key Factors That Influence the Value of a 1968 Kennedy Half Dollar
Several elements contribute to the value of the 1968 Kennedy Half Dollar. These include silver composition, mint marks, grade and condition, and the presence of error coins.
1. Silver Composition
One of the primary factors influencing the value of the 1968 Kennedy Half Dollar is its silver content. While the U.S. Mint was transitioning away from silver coinage during this time, the 1968 Kennedy Half Dollar contains 40% silver, adding to its collectibility. The coin has a diameter of 30.6 mm and weighs 11.5 grams.
Although the silver content alone provides intrinsic value, coins in exceptional condition or with rare errors can fetch significantly higher prices. Here’s a summary of the silver content for the various mints:
| Mint | Silver Composition | Weight (Grams) | Diameter (mm) |
|---|---|---|---|
| Philadelphia | 40% Silver | 11.5 | 30.6 |
| Denver (D) | 40% Silver | 11.5 | 30.6 |
| San Francisco | 40% Silver (Proof) | 11.5 | 30.6 |
2. Mint Marks
The value of a 1968 Kennedy Half Dollar can also be heavily influenced by its mint mark. Coins from two mints were produced:
- Denver (D): Over 246 million Kennedy Half Dollars were minted in Denver, making these coins generally less valuable due to their high availability.
- San Francisco (S): Approximately 3 million proof coins were minted in San Francisco, which tend to be more valuable, especially in high grades.
Proof coins from the San Francisco Mint with the “S” mint mark can be particularly valuable, especially when in proof condition and deep cameo grades.
3. Grade and Condition
The condition of a coin plays a significant role in determining its value. Coins that are in mint state (MS) or uncirculated condition can command much higher prices. Proof coins with Deep Cameo grades (PR69 or PR70) are especially prized. For instance, a 1968 Kennedy Half Dollar with a PR70 Deep Cameo grade from the San Francisco Mint could be worth up to $10,000, depending on market demand.
4. Error Coins
Error coins are another major factor that can boost the value of a 1968 Kennedy Half Dollar. Some of the common minting errors include:
- Doubled Die Errors: When a coin is struck more than once, creating a doubled image on some parts of the design. These coins are highly sought after.
- Off-Center Strikes: Coins that are struck off-center are less common and more valuable than regularly struck coins.
- Planchet Errors: Extremely rare errors where the coin is struck on a planchet meant for another metal or denomination. These can be worth hundreds or even thousands of dollars.
How Much Are 1968 Kennedy Half Dollars Worth?
Here’s a breakdown of the estimated values of 1968 Kennedy Half Dollars, depending on their condition, mint mark, and rarity:
| Coin Type | Condition | Estimated Value |
|---|---|---|
| 1968-D Regular Strike | Circulated | $4 – $6 |
| 1968-D Mint State (MS-65) | Uncirculated | $20 – $50 |
| 1968-S Proof | PR69 Deep Cameo | Up to $2,000 |
| 1968-S Proof | PR70 Deep Cameo | Up to $10,000 |
| 1968 Error (e.g., Doubled Die) | Mint State (MS) | $500 – $2,500 |
How to Sell Your 1968 Kennedy Half Dollars
If you’re looking to sell your 1968 Kennedy Half Dollar, here are some tips to help you get the best price:
- Get the Coin Graded: Submitting your coin to a professional grading service such as PCGS or NGC can increase its value. Coins with high grades tend to sell for more.
- Investigate the Market: Research recent sales of similar coins on auction sites like eBay or Heritage Auctions to get an idea of their market value.
- Use Reputable Channels: Sell your coins through established platforms like Great Collections, eBay, or through a reputable coin dealer or auction house.
- Store Properly: Ensure your coin remains in good condition by storing it in a protective case, as the value can increase with the preservation of its quality.
The 1968 Kennedy Half Dollar is more than just a piece of currency—its value to collectors, especially those seeking coins minted in San Francisco or those with minting errors, can be significant.
Whether you’re holding a proof or regular strike coin, understanding the factors that influence their value can help you assess their worth in today’s market.
FAQs:
Are all 1968 Kennedy Half Dollars valuable?
No, most 1968 Kennedy Half Dollars hold modest value, typically tied to their silver content. However, coins in mint condition, proof coins, or error coins can be worth significantly more.
What are proof coins?
Proof coins are specially minted for collectors with high-quality finishes and are generally more valuable, particularly in high grades.
What does “PR69” or “PR70” mean?
These refer to the grading of proof coins. PR69 indicates a near-perfect coin, while PR70 represents a perfect coin without any visible imperfections.
