The 1987 Kennedy Half Dollar holds a special place in numismatic history, attracting collectors worldwide. Its limited availability and unique circumstances have enhanced its desirability, making it a prized possession for enthusiasts.
Historical Background
First introduced in 1964 to commemorate President John F. Kennedy, the Kennedy Half Dollar quickly became a symbol of national unity. However, by 1987, the U.S. Mint faced a surplus of half dollars, leading to a crucial decision: no half dollars would be released into general circulation that year.
Instead, every 1987 Kennedy Half Dollar was exclusively distributed through Uncirculated Mint Sets, making them particularly sought-after by collectors.
Mintage Details
The 1987 Kennedy Half Dollar was minted at two primary locations:
| Mint Location | Mint Mark | Mintage Quantity |
|---|---|---|
| Philadelphia | P | 2,890,758 |
| Denver | D | 2,890,758 |
Note: No half dollars were produced for general circulation in 1987; all were intended for collectors.
Factors Enhancing Rarity
Several key factors contribute to the 1987 Kennedy Half Dollar’s appeal:
- Limited Availability: Since these coins were never released into everyday circulation, locating them outside of mint sets is uncommon.
- Collector-Only Release: Being issued solely through Uncirculated Mint Sets has increased their allure among numismatists.
- Condition Rarity: While many examples remain uncirculated, finding high-grade specimens, such as MS67 or MS68, is rare and significantly boosts their market value.
Value and Market Trends
The worth of a 1987 Kennedy Half Dollar varies based on its condition and mint mark:
- Circulated Condition: Typically valued between $0.60 and $0.75.
- Uncirculated (MS65): Approximately $6.12.
- High Grades (MS67-MS68): Coins graded MS67 can command around $50, while MS68 specimens have achieved record auction prices of up to $4,800.
Notable Auction Results
Some high-quality examples have fetched impressive sums:
- 2015: A 1987-P Kennedy Half Dollar graded MS68 by PCGS sold for $4,112.50.
- 2018: An NGC-certified MS68 example reached an auction price of $4,800.
Identifying Premium-Quality Coins
To assess whether your 1987 Kennedy Half Dollar holds significant value, consider these factors:
- Luster: A strong, satin-like sheen indicates minimal handling and excellent preservation.
- Strike Detail: Sharp features, particularly in Kennedy’s hair and the eagle’s feathers, signify a high-quality strike.
- Surface Quality: The absence of noticeable marks or blemishes enhances a coin’s grade and overall worth.
Conclusion
The 1987 Kennedy Half Dollar remains an iconic piece of U.S. coinage history. Its limited mintage and collector-oriented release have cemented its reputation as a must-have for numismatists.
Whether you’re an experienced collector or just starting, this coin offers both historical significance and potential investment value.
