However, she didn't like the way Roberts accented her deceased husband's hair. Kennedy suggested that Roberts alter the design so that JFK's hair seemed more subtly tousled.
Roberts took the critique to heart and revised the profile. So, the mass-produced version of the half dollar did not have accented hair. The silver Kennedy half dollar was wildly popular.
Demand was sky-high. Even though the U. Mint predicted the coin's popularity, they did not initially strike enough coins to meet the demand. Banks limited the number of coins an individual could get.
At first, they only allowed a person to take out forty Kennedy half dollars. Yet, even with this limitation, the Washington Treasury Department sold out all of their allotted 70, coins on the first day. The U. Treasury Department originally planned to mint 91 million half dollars in Instead, they raised the number to million.
Ultimately, they minted million Kennedy half dollars to meet demand in The Kennedy half dollar was popular in African countries.
Europeans also sought out the Kennedy half dollar. Part of this was an act of commemoration. Kennedy had a reputation as a peace-maker. So, his vision and tragic death moved people worldwide. That said, U. Ambassadors abroad also distributed the Kennedy half dollar in It was a way to encourage good associations with the United States.
They believed that a small aspect of the engraving on the obverse side was a hammer and sickle. This symbol contributed to some Soviet Union-related conspiracy theories. However, Gilroy Roberts explained that the "symbol" was his initials. The stylized "R" for Roberts could look like a sickle. He signed the engraving but kept his initials small.
That way, his signature wouldn't distract from the profile. Unfortunately, the small print led to confusion. There was a general coin shortage in Treasury discovered that many coins weren't circulating. This created problems for shopkeepers who needed change. It also created problems for people using vending machines. In the s, Meilkien vending machines could sell beverages for the first time. These coin-based machines became increasingly popular.
Thus, the coin shortage frustrated the public. The drought also hindered the sale of inexpensive goods. Treasury was particularly frustrated by the low circulation rate of the silver Kennedy half dollar. Part of the problem was the Treasury's announcement that the silver reserves were being depleted.
The Treasury believed this was due to the high demand for coins. This led the public to become fearful of a silver shortage. As a result, people hesitated to spend any silver coins they had. Treasury also blamed collectors and numismatists for the low circulation rate. The Treasury alleged that dealers were hoarding the coins to inflate the prices artificially. As a result, the U. Mint chose to strike some Kennedy half dollars in using the die. They also increased coin production in Despite this, people still frequently sought out the silver Kennedy half dollar and chose not to spend it.
Ultimately, Congress passed the Coin Act of to address the coin shortage. This act made it unlawful to melt coins. It also enabled the Mint to redesign popular coins without silver.
The Mint could also re-create coins with a lower silver composition. As a result, dimes and quarters minted after did not contain any silver. Kennedy half dollars were minted with considerably less silver after the Coin Act than they were in The aim was to reduce the risk that people would hoard coins. People didn't circulate coins when they feared that a specific coin would only be minted for a short time. What was the silver Kennedy half dollar content in terms of metals?
When it became clear that the coin wasn't circulating widely, the U. Mint wondered if the high degree of silver was the cause. In later half-dollar productions, the U.
Mint reduced the coin's silver content. But, decreasing the percentage of silver in the coin did not increase circulation. Instead, the subsequent Kennedy half-dollars were just as popular as before, and people continued to hesitate to spend them.
Eventually, the U. Mint recreated the coin entirely out of base metals. Even the cheaper-to-produce version didn't circulate as much as they'd hoped. Mint finally stopped printing Kennedy half-dollars for circulation in Most Kennedy half dollar coins aren't that rare since the U.
Treasury intended the coins for general circulation. Mint struck million Kennedy half dollars. Still, Kennedy half-dollars were unusual among coins because each one included so much silver. The silver coin value is higher than other metals. Beyond that, the sentimental value of the coins led many people to keep their half dollars rather than spend them. So, even fairly typical Kennedy half-dollars are worth more than fifty cents today. Like most coins, Kennedy half dollar uncirculated variants are worth more.
They are more likely to be near mint condition. That said, the highest-value JFK half-dollar coins were unusual in some way.
Some rare varieties stem from a double-strike error. There are also a number of special varieties of circulation Kennedy half dollars, including in particular the scarce Double Die Obverse.
There are also some other variety coins for this date. Then there are the Proof coins, which are valued differently depending of the amount of Cameo contrast present on the coins, which are divided between those with no contrast, those with Cameo, and those with Deep Cameo i.
There are two versions of the Kennedy half dollar Proof coins that were included in the silver Proof set, including the normal hair and the accented hair varieties according to numismatists.
The coin's luster might not be as prominent. MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. History The Kennedy half dollars were minted in order to memorialize the late president John F.
Series Location Quantity Minted Philadelphia ,, D Denver ,, Value This coin in circulated condition is worth at least its weight in silver. Accented Hair Variety There is an accented hair variety for the proof version of this coin. Grading System MS 60 uncirculated- There are no signs of wear.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
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