In a remarkable turn of events, a 1969-D Kennedy Half Dollar unearthed at a garage sale has captivated the numismatic community by fetching an unprecedented sum at auction.
This coin, minted in Denver and graded MS67 by the Numismatic Guaranty Corporation (NGC), achieved a record-breaking sale price of $15,600 in June 2019, underscoring the enduring allure of rare and well-preserved coins among collectors.
Historical Context of the 1969 Kennedy Half Dollar
The 1969 Kennedy Half Dollar holds a special place in American coinage history. Introduced in 1964 to honor the late President John F. Kennedy, the half dollar underwent a composition change in 1965, transitioning from 90% silver to a 40% silver-clad alloy.
The 1969 issue was among the last to feature this composition, with the Denver Mint producing 129,881,800 coins for circulation and the San Francisco Mint striking 2,934,631 proof coins.
Design and Specifications
- Obverse Designer: Gilroy Roberts
- Reverse Designer: Frank Gasparro
- Composition: 40% silver, 60% copper
- Weight: 11.50 grams
- Diameter: 30.6 mm
- Edge: Reeded
The obverse showcases a left-facing portrait of President Kennedy, while the reverse features the Presidential Seal, symbolizing national unity and strength.
The Record-Breaking Coin
The coin that shattered previous auction records stood out due to its exceptional condition. Graded MS67 by NGC, it was among the finest known examples of its kind.
The coin’s pristine surfaces and sharp details contributed to its desirability, culminating in a $15,600 sale at a Heritage Auctions event in June 2019.
Factors Contributing to High Value
Several elements influenced the coin’s remarkable value:
- Rarity in High Grade: While millions were minted, few have survived in such impeccable condition.
- Historical Significance: As one of the last silver-clad half dollars, it represents the end of an era in U.S. coinage.
- Collector Demand: The Kennedy Half Dollar series enjoys widespread popularity, driving demand for top-grade specimens.
Comparison with Other Notable Sales
| Coin Description | Grade | Sale Price | Auction Date |
|---|---|---|---|
| 1969-D Kennedy Half Dollar | MS67 | $15,600 | June 2019 |
| 1969-D Kennedy Half Dollar | MS67 | $2,640 | March 2018 |
| 1969-D Kennedy Half Dollar | MS65 | $68.20 | April 2014 |
These figures illustrate the significant premium commanded by coins in superior condition.
The discovery and subsequent sale of this 1969-D Kennedy Half Dollar serve as a testament to the hidden treasures that can be found in unexpected places.
For collectors and enthusiasts, it reinforces the importance of vigilance and the potential rewards of numismatic exploration.
As the market continues to value quality and rarity, such coins will undoubtedly remain highly sought after.
FAQs
What makes the 1969-D Kennedy Half Dollar so valuable?
Its value stems from a combination of factors, including its high grade (MS67), rarity in such condition, historical significance as one of the last silver-clad half dollars, and strong collector demand.
How can I determine the value of my Kennedy Half Dollar?
Assessing a coin’s value involves evaluating its condition, mint mark, and rarity. Consulting a professional grading service or a reputable coin dealer can provide an accurate appraisal.
Are there other valuable Kennedy Half Dollars?
Yes, certain issues, such as the 1964 Accented Hair variety or high-grade specimens from the 1960s, can be particularly valuable, especially when in exceptional condition.