The 1968 Kennedy Half Dollar is more than just a piece of American history—it’s a prized possession for collectors and investors alike. While many of these coins are common, some rare varieties and mint errors can turn an ordinary half dollar into a valuable numismatic treasure. This in-depth guide will help you understand what makes these coins special and which ones are worth big money.
Table of Contents
Historical Significance of the 1968 Kennedy Half Dollar
The Kennedy Half Dollar was first introduced in 1964 as a tribute to President John F. Kennedy following his tragic assassination in 1963. Initially composed of 90% silver, the coin’s silver content was reduced to 40% in 1965 due to rising silver prices and hoarding.
By 1968, all Kennedy Half Dollars were minted with 40% silver, making them the last series of half dollars to contain significant silver content before transitioning to a copper-nickel clad composition in 1971. Unlike earlier years, the 1968 Kennedy Half Dollar was minted exclusively at the Denver Mint, identified by the “D” mint mark.
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Key Factors That Influence the Value of 1968 Kennedy Half Dollars
Several factors determine the value of a 1968 Kennedy Half Dollar, including:
1. Condition and Grade
Coins in pristine condition, especially those graded MS65 and above, fetch higher prices. A coin’s grade is assessed based on wear, luster, and overall preservation.
2. Mint Errors and Varieties
Unique mint errors can significantly increase a coin’s value. Errors such as doubled dies, off-center strikes, and clipped planchets are highly sought after by collectors.
3. Silver Content
With 40% silver content, the intrinsic metal value sets a baseline for this coin. When silver prices rise, the value of these coins follows suit.
4. Rarity and Collector Demand
Scarcity and collector interest play a crucial role in determining a coin’s market value. Certain rare variations and errors can command premium prices at auctions.
Rare Mint Errors and Valuable Varieties
Some 1968 Kennedy Half Dollars stand out due to rare mint errors and variations. Here are a few to look out for:
1. Triple Clip and Partial Collar Errors
- These errors occur when the coin blank has multiple clipped areas due to improper cutting.
- Partial collar errors happen when the collar die does not fully engage, resulting in a deformed rim.
- Value: Around $140 in MS61 grade.
2. Die Adjustment Strikes with Obverse Wheel Marks
- Caused by improper pressure settings during minting, leading to weakly struck details.
- Coins with obverse wheel marks (caused by rolling machines) add to their uniqueness.
- Value: Approximately $100.
3. Inverted “S” Mint Mark on Proof Coins
- Some proof coins from the San Francisco Mint feature an inverted “S” mint mark due to manual punching errors.
- These coins are highly prized for their rarity.
4. Doubled Die Obverse (DDO)
- Doubling of design elements on the obverse, such as “WE TRUST” and “LIBERTY.”
- Requires magnification to detect minor but valuable variations.
- Value varies based on the severity of the doubling.
Valuation Chart for 1968 Kennedy Half Dollars
| Condition/Error Type | Approximate Value (USD) |
|---|---|
| Circulated (Average Condition) | $7 – $9 |
| Uncirculated (MS60-MS63) | $9 – $12 |
| Choice Uncirculated (MS64-MS65) | $12 – $21 |
| Gem Uncirculated (MS66) | $58 |
| Superb Gem Uncirculated (MS67) | $584 |
| Triple Clip + Partial Collar Errors (MS61) | $140 |
| Die Adjustment Strike + Obverse Wheel Mark Errors | $100 |
| Inverted “S” Mint Mark on Proof Coins | Varies; consult specialists |
| Doubled Die Obverse (DDO) | Varies; consult specialists |
Note: Values are approximate and subject to change based on market trends. For precise valuations, consult professional grading services.
How to Identify and Collect 1968 Kennedy Half Dollars
1. Check for Mint Marks and Errors
- Look for the “D” mint mark on the obverse side below Kennedy’s portrait.
- Inspect for potential mint errors using a magnifying glass.
2. Get Your Coins Professionally Graded
- Have your coin authenticated by reputable grading services like PCGS or NGC.
- Higher-graded coins can significantly increase in value.
3. Store Your Coins Properly
- Use protective holders to prevent environmental damage.
- Avoid excessive handling to maintain condition and luster.
4. Stay Updated on Market Trends
- Monitor silver prices, auction results, and collector demand.
- Engage with numismatic communities to gain insights from experienced collectors.
Final Thoughts – Is the 1968 Kennedy Half Dollar Worth Collecting?
The 1968 Kennedy Half Dollar remains a valuable piece of American history, offering both numismatic and silver investment potential. While most of these coins hold modest value, those with rare errors, high grades, or unique varieties can fetch significant prices. Whether you’re a seasoned collector or a beginner, keeping an eye out for rare Kennedy Half Dollars can lead to exciting discoveries and worthwhile investments.
Frequently Asked Questions (FAQs)
1. How can I identify a Doubled Die Obverse on a 1968 Kennedy Half Dollar?
- Look for minor doubling in “WE TRUST” and “LIBERTY” on the obverse.
- A magnifying glass can help detect subtle variations.
2. Are all 1968 Kennedy Half Dollars made of silver?
- Yes, all 1968 Kennedy Half Dollars contain 40% silver.
- This was part of the U.S. Mint’s transition from 90% silver coins to lower silver-content coinage.
3. Where is the mint mark located on the 1968-D Kennedy Half Dollar?
- The “D” mint mark is located on the obverse side, just below Kennedy’s portrait and above the date.
By staying informed and vigilant, you might just come across a rare 1968 Kennedy Half Dollar worth a small fortune!