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If you have a collection of silver Kennedy half dollars that you’re no longer interested in keeping, now is the perfect time to sell. These coins, minted in 1964 contain 90% silver.
One of the benefits of selling your silver Kennedy half dollars is the current high demand for silver. With economic uncertainty and inflation concerns on the rise, many investors are turning to precious metals as a safe haven for their wealth. This increased demand for silver has resulted in higher prices, which means you may be able to earn a good return on your investment by selling your 1964 Kennedy half dollars now.
Another benefit of selling your silver Kennedy half dollars is the ease and convenience of the process. There are numerous coin dealers and precious metal brokers in the Chicago area who would be happy to take a look at your collection and make you an offer. Plus, with the current high demand for silver, you may be able to find a buyer quickly and easily.
Selling your silver Kennedy half dollars can also be a great way to diversify your portfolio. If you’re already invested in other types of precious metals, adding silver coins to your collection can help spread your risk and provide additional protection against inflation and economic instability.
So if you’re looking to sell your silver Kennedy half dollars in the Chicago area, now is the time to do it. With high demand for silver, easy and convenient selling processes, diversification benefits, and the opportunity for a fun and rewarding experience, there’s no reason not to cash in on your collection.
The Kennedy half dollar, first minted in 1964, is a fifty-cent coin currently issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy, it was authorized by Congress just over a month after his death. Use of existing works by Mint sculptors Gilroy Roberts and Frank Gasparro allowed dies to be prepared quickly, and striking of the new coins began in January 1964.
The silver coins were hoarded upon their release in March 1964 by collectors and those interested in a memento of the late president. Although the Mint greatly increased production, the denomination was seldom seen in circulation. Continued rises in the price of silver increased the hoarding—many early Kennedy half dollars have been melted for their silver content. Starting with 1965-dated pieces, the percentage of fine silver was reduced from 90% to 40% (silver clad), but even with this change the coin saw little circulation.
In 1971, silver was eliminated entirely from the coins and production increased, but the half dollar still saw only a minor increase in usage. A special design for the reverse of the half dollar was issued for the United States Bicentennial and was struck in 1975 and 1976. In addition to business strikes, special collector coins were struck for the Bicentennial in silver clad; silver proof sets in which the dime, quarter and half dollar were struck in 90% silver were first minted in 1992. In 2014, a special 50th anniversary edition of the Kennedy half dollar was also struck in 99.99% gold.
Even though ample supplies of circulating half dollars are readily available from most banks, their circulation is still limited. Production of Kennedy half dollars for general circulation ended in 2001, and from 2002 to 2020, Kennedy half dollars were struck to satisfy the demand from collectors, sold at a premium through the Mint. In 2021, Kennedy half dollars began again to be produced for general circulation.