What Not Online Auctions

HomeUS CoinsThe Market for Collecting Modern Key Date Half Dollars: Bullion Shark

The Market for Collecting Modern Key Date Half Dollars: Bullion Shark

By Bullion Shark LLC ……
It probably comes as no surprise that the three most widely collected United States half dollars are the Walking Liberty, Franklin, and Kennedy half dollars. Below is some information related to the markets for these coins, intended to help collectors make fruitful decisions when adding to or upgrading their collections.

Walking Liberty Half Dollar Values

Within the Walking Liberty Half Dollar series, there are many scarce dates (especially in high states of preservation), but the key date coins based on mintages and surviving populations are scarce even in lower circulated grades and worth tens of thousands of dollars in the finest grades.

These include the 1916-S Walking Liberty Half Dollar with a mintage of 508,000; the 1921 with a mintage of 246,000; the 1921-D with a mintage of 208,000 (the lowest of the series); and the 1921-S with 548,000 struck.

For the 1916-S, it is estimated that only 25,000 of the original mintage still exists, and of those, just 1,500 are Uncirculated coins and only 150 of them grade MS65 or higher. In VF-30 the coin is worth $575 certified, while MS60s bring $1,750, MS65 brings $6,250, and MS66 brings at least $37,500 – with the record being one that sold for $43,200 in 2018. Only 15 exist in that grade, and there is one MS67.

The 1921 and 1921-D have always been in demand because they are the lowest mintage coins of the entire series.

Only 12,500 examples of the 1921 Walking Liberty Half Dollar coin are believed to exist, with 750 Uncirculated coins and a mere 95 Gems grading MS65 or better. A VF30 graded is worth $1,200, an MS60 is worth $6,250 and an MS65 is worth $23,500. The finest examples are four that grade MS66. The record is $60,500 for one of those four that sold all the way back in 1990.

Only 10,000 total examples are estimated to still exist of 1921-D Walking Liberty Half Dollar, and of those only 600 are Mint State coins and only 60 of those grade MS65 or higher. In VF30 the coin brings $1,850 and jumps to about $10,000 in MS60. The record sale is $168,000 for one of the three MS66 coins in 2018.

For the 1921-S, 27,500 coins are believed to remain of the original mintage, with 300 of those being in Mint State and just 20 grading MS65 or better. VF30 coins are worth $1,450, but in MS60 the value jumps to $20,000 and in MS65 it goes all the way to $110,000. The record price is $188,000 in 2018 for the one MS66, but the current PCGS guide prices it at $250,000.

Franklin Half Dollar Values

The key date coin for the Franklin half dollar series used to be the 1949-S in Mint State, especially MS65 coins. This was before the advent of third party grading, which eventually revealed there are other dates that are scarcer in Mint State.

The 1949-S usually comes softly struck and without Full Bell Lines (FBL). In the top grade of MS67, it is worth $1,800; with Full Bell Lines, it is worth 10 times that amount or more.

Franklin expert Rick, who you may have seen on television, says that it has been years since an MS67 FBL has been on the market.

The 1955 Franklin Half Dollar is the lowest mintage coin of the series with 2,498,181 struck but only 10% (or about 250,000) are believed to still exist and 10% of those are Mint State coins. The coin is modestly valued at $130 in MS66 but reaches $1,250 in the top grade of MS67.

But this date usually comes scruffy with lots of bag marks, and choice examples especially with FBL command much more. MS66 FBL is a good deal today at $250, while an MS67 FBL is valued in the PCGS price guide at $8,500.

This shows how much of a difference a single grading point can make. There are 14 such coins with recent auctions in the $6,000 to $7,000 range, and one that brought $14,000 in 2016.

The rarest and most valuable coin of the series today is the 1953-S FBL Franklin Half Dollar with only 45 mint state coins graded by PCGS–including two at MS66 and just one at MS67 that is worth $60,000! In 2002, an MS66 sold for $69,000, which is likely the highest amount ever paid for a Franklin Half.

Kennedy Half Dollar Values

Although the Kennedy Half Dollar series has been issued for over 50 years since 1964, there are only a few key date coins and some condition rarities, like the 1964-D worth $26,500 in the top grade of MS68 and variety issues like the 1974-D Double Die Obverse.

The lowest mintage issue is the 1998-S, which was issued as part of a popular two-coin set that also included a commemorative silver dollar for President Kennedy’s brother Robert, who was also assassinated. Only 62,000 of these were issued according to the Red Book but PCGS says it could be 64,000.

This coin, which has an unusual matte finish, is worth $175 in Specimen, or SP69 (2,376 graded by PCGS) and $400 in SP70 (433 graded).

The most valuable Kennedy Half Dollar by far is the ultra-rare 1964 Special Mint Set coin that is not supposed to exist since those sets were issued in 1965-1967 when no Proof sets were made. 15 have been graded by PCGS, and in SP69 they are valued at $200,000, though the highest sale was at $156,000 in 2019. A SP67 made the record books when it sold for $108,000 in April of that year.

The Kennedy Half worth the most in all grades based on its intrinsic value is the 2014-W 50th-anniversary gold coin that has .75 ounces of pure gold worth about $1,400 at today’s spot gold of $1,850 per ounce. These much-hyped coins have been selling for about $1,500 currently in the secondary market. Examples graded PF70 have traded recently for about $1,900.

Related Articles


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Park Avenue Numismatics Gold and Silver Bullion

L and C COIN Shop Now

NGCX Holders and Grading