Did you know that an old Kennedy Half Dollar could be worth a staggering $13.9 million? It sounds too good to be true, but this rare coin is still circulating in the U.S., waiting to be discovered by an unsuspecting person. This article delves into the incredible story of the Kennedy Half Dollar, why it’s worth such an extraordinary amount, and how to spot one of these elusive treasures in your own collection or pocket change.
The Kennedy Half Dollar Worth $13.9 Million
The Kennedy Half Dollar was first issued in 1964 to honor President John F. Kennedy after his tragic assassination. The coin features a portrait of Kennedy on the obverse and a heraldic eagle on the reverse. While these half dollars are not uncommon, a particular version from the 1970s has recently been identified as being worth an eye-popping $13.9 million due to a minting error and extremely low mintage.
The coin in question is a 1970-S Kennedy Half Dollar that was struck using the wrong type of die, creating a unique error that made it incredibly rare. Only a few of these coins are known to exist, and they are now considered among the rarest U.S. coins still in circulation.
Why Is This Kennedy Half Dollar Worth $13.9 Million?
The 1970-S Kennedy Half Dollar is not just a simple coin—it’s a mistake that makes it extraordinarily valuable. Here’s why:
1. Minting Error
The coin is valuable because of a die error that occurred during the minting process. The 1970-S Kennedy Half Dollar was meant to be struck with a regular proof die, but due to a mistake at the mint, it was struck using a non-proof die. This resulted in a coin with a unique look that is highly prized by collectors.
2. Low Mintage
The 1970-S Kennedy Half Dollar has an extremely low mintage, with only a handful of these rare coins having been produced. This low number makes them incredibly scarce, which drives up their value.
3. High Demand Among Collectors
Numismatists and coin collectors around the world highly covet rare coins, and the 1970-S Kennedy Half Dollar is considered one of the most sought-after U.S. coins in existence. This demand, combined with its rarity, has driven the coin’s value to $13.9 million.
4. Condition of the Coin
As with all rare coins, the condition in which it is found plays a critical role in determining its value. Coins in pristine, uncirculated condition are worth far more than those that have significant wear. The 1970-S Kennedy Half Dollar that fetched $13.9 million was in mint condition, contributing to its high price.
How to Spot a Rare Kennedy Half Dollar
If you’re curious whether you have a rare Kennedy Half Dollar in your collection, here’s how to identify a potential $13.9 million coin:
Step 1: Check the Date and Mintmark
First, examine the date on the coin. It should read 1970. Then, look for the mintmark “S”, which indicates it was minted in San Francisco. The rare coin you’re looking for will have the “S” mintmark and a unique error caused by the incorrect die.
Step 2: Look for the Proof-Like Finish
The 1970-S Kennedy Half Dollar was supposed to have a proof-like finish, but due to the minting error, it has a non-proof finish. This results in a matte-like texture and a slightly duller appearance compared to regular proof coins.
Step 3: Check for an Unusual Edge
Sometimes, coins with minting errors can have slightly uneven edges or misaligned features. If the coin appears out of the ordinary or has unusual details, it could be worth investigating further.
Step 4: Have It Graded
The best way to confirm if you have a rare Kennedy Half Dollar is to have it graded by a professional coin grading service such as PCGS or NGC. These services will evaluate the coin’s authenticity, condition, and rarity, which can significantly increase its value.
Why Kennedy Half Dollars Are So Popular Among Collectors
The Kennedy Half Dollar is a favorite among coin collectors for several reasons:
1. Historical Significance
The coin was minted to honor President John F. Kennedy following his assassination, making it a piece of American history. Coins with such significance are highly collectible and often fetch a premium price.
2. Appealing Design
The design of the Kennedy Half Dollar is iconic, with its elegant portrait of Kennedy and the heraldic eagle on the reverse. The design is regarded as one of the most beautiful in U.S. coinage.
3. Large Size
The Kennedy Half Dollar is larger than most other U.S. coins, making it stand out in a collection. Its size also makes it easier to spot and appreciate, which is one of the reasons it remains so popular.
Where to Sell Your Rare Kennedy Half Dollar
If you happen to find a rare Kennedy Half Dollar in your collection or pocket change, you might be wondering where to sell it. Here are some options:
1. Auction Houses
For coins worth millions, consider selling through a reputable auction house like Heritage Auctions or Stack’s Bowers Galleries. These auction houses specialize in rare coins and attract serious buyers willing to pay top dollar.
2. Coin Dealers
You can also sell to a professional coin dealer who has experience handling rare coins. Be sure to choose a dealer with a good reputation and get multiple offers to ensure you’re getting a fair price.
3. Online Marketplaces
Online platforms like eBay or Great Collections are also places where you can sell rare coins. However, make sure to provide clear photographs and descriptions of the coin’s condition to attract potential buyers.
FAQs
1. What makes the 1970-S Kennedy Half Dollar so valuable?
The 1970-S Kennedy Half Dollar is valuable due to a minting error where the coin was struck with the wrong type of die, creating a unique appearance. Its low mintage and high demand among collectors have driven its value to $13.9 million.
2. How can I identify a rare 1970-S Kennedy Half Dollar?
Look for the 1970 date, and check for the “S” mintmark. The coin should have a non-proof finish, which is a result of the minting error. If the coin looks unusual or has misaligned features, it may be the rare one.
3. How much is the 1970-S Kennedy Half Dollar worth?
A 1970-S Kennedy Half Dollar in excellent condition has been valued at $13.9 million. Its value depends on its rarity and condition.
4. Where can I sell my rare Kennedy Half Dollar?
You can sell your rare coin through auction houses, coin dealers, or online marketplaces. Make sure to have it graded by a professional service to confirm its authenticity and value.
Finding a rare Kennedy Half Dollar could be a life-changing moment for any collector. If you think you’ve come across one of these valuable coins, don’t hesitate to have it evaluated by a professional and potentially cash in on your incredible find!