2014 Kennedy Half Dollar Bags and Rolls

Today, February 13, 2014 at 12:00 Noon ET, the United States Mint will begin sales of circulating quality 2014 Kennedy Half Dollars packaged in bags and rolls. The product release may see some increased attention due to the 50th anniversary of the series and various special products the US Mint will offer later this year.

2014 Kennedy Half Dollar

The Kennedy Half Dollar was introduced in 1964, shortly following the assassination of President John F. Kennedy. The series had been authorized by an Act of Congress and cut short the statutory 25-year length of the previous Franklin Half Dollar series. The obverse design for the new coin was created by Gilroy Roberts based on Kennedy’s inaugural medal. The reverse design was created by Frank Gasparro after the Presidential Seal. A large portion of the initial mintage was hoarded by the public, who were eager to obtain a memento of the fallen President. The decline of usage for the half dollar denomination in circulation has been attributed to the public’s continued hoarding of the coins as a special keepsake.

Since 2002, the half dollar has not been produced for distribution to circulation, however production of the coins has continued each year in limited numbers. The coins have been distributed solely within numismatic bags, rolls, and other United States Mint products to satisfy demand from collectors.

The products released today include circulating quality 2014 Kennedy Half Dollar struck at the Philadelphia or Denver Mints. A two roll set includes one 20-coin roll from each mint and is priced at $32.95 per set. A 200-coin bag includes 100 coins from each mint and is priced at $139.95 per bag. These prices are unchanged from the levels of the prior year.

The mint wrappers or the canvas bags include the “P” and/or “D” mint mark, the date, and the face value of the contents.

There are no stated mintage or product limits. The US Mint indicates that the products will be available for one year from the initial on-sale date or until inventory is depleted prior to the one-year timeframe.

Circulating coin production figures for January 2014 indicate that the Philadelphia Mint has struck 2.5 million half dollars and the Denver Mint has struck 2.1 million half dollars. It is always possible that additional production may take place during the course of the year, particularly if demand is strong for the numismatic bags and rolls.

Other Kennedy Half Dollar News

Last year, the initial production for circulating quality 2013 Kennedy Half Dollars had been 1.8 million coins each at the Philadelphia and Denver Mint facilities. This was roughly in line with the prior year production and close to the typical demand for the coins as issued within numismatic bags and rolls.

In November 2013, the US Mint had unexpectedly struck another 3.2 million and 2.8 million half dollars at the Philadelphia and Denver facilities, respectively. Shortly after the mysterious production, a representative for the Mint said that they could offer no explanation as to why the additional coins were struck. Recently, Dave Harper uncovered the answer.

Apparently, the Mint had struck the additional half dollars after receiving an order for the denomination from the Federal Reserve. This would have been the first order for the half dollar in more than a decade. However, soon after the order was placed, it was cancelled. Presumably, the US Mint still has the 6 million additional 2013-dated half dollars. At this point, it is uncertain what will happen to them.

gold

This week the Citizens Coinage Advisory Committee had a chance to discuss the US Mint’s potential 2014 24 karat Gold Kennedy Half Dollar, which may be offered as a special product to celebrate the 50th anniversary of the series. Full coverage of the discussion can be found on Coin Update News.

Some topics included in the discussion were whether the coin should carry the single “2014″ date or a dual date of “1964-2014″ and whether the weight should be raised to one troy ounce. One member brought up the possibility of someone potentially gold plating half dollars to simulate the US Mint’s 24 karat gold product. Others suggested moving the mint mark location from the front to the original position on the reverse, or including the precious metal fineness on the reverse or edge of the coin.

At this point, no final decisions have been made about the product. The US Mint will be looking at the results of a survey distributed to customers.

Plans do seem to have coalesced for lower priced numismatic products to celebrate the 50th anniversary of the Kennedy Half Dollar. There will reportedly be a four coin set with coins from the Philadelphia, Denver, San Francisco, and West Point Mints with each coin carrying a different finish. A clad version would be available priced at approximately $15 and a silver set would be available priced at approximately $100.

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Comments

  1. Ray says

    @fmtransmitter, offt topic here but thought youd appreciate it. u ever see Who Killed the Electric Car? its a very interesting documentary. US car makers were making them a decade ago but were forced to stop making them and ended up seizing and crushing all of them. It a very interesting story. The oil industry basically choked them out of making/selling them. check it out.

    I read Dave Harpers article. I’m on the fence on buying one if they make them. I ended up passing on the RP buff and just bought a graded one for a great price. Collectors shouldnt, and honestly dont, feel the need to buy every special product. Who cares if they sell 50k of them. If they do, I’ll be passing, and finding opportunity in other products that people would have otherwise spent their $$ on. I wonder what his take was on all the fractionals in 2008. That really caused all kinds of lows for gold coins. idk. buy what you like, pass on what you dont like. if this is the last year for the Kennedy, I really feel that they should honor this coin in gold for all.

  2. Buzz Killington says

    I just read the item about not minting a gold JFK half because it is too expensive.

    I am probably the most politically liberal regular reader of this blog, and the idea that the Mint shouldn’t make it unless everyone can afford it is a bridge too far for me as well. We are capitalists after all. Not to mention, if you can’t enjoy your collection of half dollars since it is “incomplete” by missing the gold coin, you probably are not mentally well in the first place.

    I also skimmed the other article, with the top 10 tips for novice collectors, and I had to laugh. It says, don’t buy moderns, because you will never get your money back, but if you do buy them, get 70s. I don’t know what the grading computers can see that I can’t, but I have yet to be able to see a 69 that I could see where the point is missing, and have seen some 70s that were definitely not perfect.

    Here are some tips for the novice collector (1) don’t take tips from someone trying to sell your something, including the NGC Collector’s Club! (2) Buy what you like — life is short. (3) And if coins or metals are your main investment strategy, you are in big trouble! It should be less than 10%!

  3. Jerry Diekmann says

    Buzz – I have to agree with you on your comments, although the ten tips did include a lot of good information for beginning and intermediate collectors. I have never bought a TPG 69 or 70 coin and never will, and that may be because I am a collector and not an investor. There’s room for both of us in this hobby. Itoo, like you have seen some badly overgraded coins by NGC and PCGS in slabs, and as you know, the grading is becoming less demanding as time goes on. Old graded coins are truer to the real grade than how they are graded now. The grading standards are becoming more relaxed as more and more people go for the investment potential with higher grades instead of the enjoyment of owning the coins for their beauty and the history they represent.

  4. Dave says

    Been checking Ebay for 2013 silver proof set sales in OGP. The completed sales feature reveals prices are up to $75-95 . I may sell half of my dozen sets if they hit the century mark. Kinda crazy, eh?

  5. fmtransmitter says

    It is a Proof Howard. The TPG’s just label it as SP or Enhanced to differentiate the fact that several fields were used to set it apart from a Reg. Proof OR Rev. Proof..

  6. fmtransmitter says

    Glad to read all the different viewpoints that people post here. Thank you for your opinions!

  7. fmtransmitter says

    Nickels weren’t stolen, they sold all their good stuff ie silver and that is what they had left. Desperate time call for desperate measures…

  8. Howard says

    Looking at the Enhance S.E. sure looks proof like, great looking coin.
    The Chinese used some strong laquer though, can still smell.

  9. CW says

    If the Simon quarter is 90% silver it will weigh 6.25 grams. This is definitive as clad quarters do not weigh that. Pretty simple test for any 90% quarter with zero wear.

  10. simon says

    CW : I am working on it. All appearances are screaming Ag. Thanks – I am working to purchase identical units in proof format, and will make the comparison.

  11. merryxmasmrscrooge says

    What if they made the set with examples of :
    gold (W)
    silver (S)
    platinum (W)
    palladium (W)
    clads (P and D)
    pure copper (P)
    bronze (D)

    That would b a kul set!

    palladium would b the kulest bec it would b a 1st time metal

  12. MarkInFlorida says

    Sounds like Dave Harper is more of a socialist that a coin collector. Should they stop selling gold proofs since not everyone can afford them?
    And not issuing the 50,000 gold Kennedys would not mean that $65 million would go into propping up other areas of the hobby, it could just mean it would go into other US Mint products or foreign mint products, or bullion. It’s not going to go into old Lincoln pennies or Barber halves.

  13. VA Bob says

    Howard – I let my enhanced ASE’s boxes out and open for a few weeks until the lacquer smell was gone. No telling what effect that might have over the coins long term storage.

  14. VA Bob says

    Buzz K – I too agree with your comment above. I got a kick out of when the guy sad “look at the populations” and kind of shook my head.

    For beginners,”Population” is a TPG term for how many THEY grade, that someone sent in to them. It has no bearing in reality of how many coins were struck, or the number of coins that exist in any particular condition. Yet, some will chase these ‘figures’ like it was the end all, be all. It’s a marketing tool, and people paying premium for it are perpetuating the gimmick at their own expense.

    If one is buying a newly minted coin from the Mint, do you really need a third party to tell you your coin is perfect? If so send me a check and I’ll tell you. If it has a mark that can be seen with a 10X loupe, it is not a 70. If you can see the flaw, or it’s noticeable, with your naked eye you’re looking at a 68 or less and should probably be returning it to the Mint (unless the time to get a replacement has passed, and/or you really like the coin). Older, circulated coins are much more subjective…. but there are some excellent guides available to those so inclined.

    Is there an expiration date on grades? Do they spoil over time? Will that shiny PF70 turn into a less valuable PF69 if you don’t get it to a TCP ASAP? The hype would have you believe so. Coins can change over time depending on how they are stored, Metals can and do oxidize. But the same will happen in that expensive TPG slab too, despite what that fancy label says. Keep your coins in a cool, dry environment. If you need to sell (or buy) sight unseen, to or from an unknown person, TPGs are great. Buying and selling to a known honest person or outfit is better.

    If you’re looking to make the most money, there probably isn’t a better way to do it than sell someone a label with a coin included. The supply of buyers seem to be large. If your holding your coins, taking care of them, what’s the point?

  15. Howard says

    VA BOB good idea about opening to air it out a bit, and
    the label;ing thing like first 30 day strike or something is
    a gimmick to sell. I have found that coins that are the last
    out to be in better condition most of the time. Many times
    I have received a marked up coin from the Mint and asked
    for a replacement and received the coin much later and the
    condition is very good.

  16. Hidalgo says

    A blogger had asked about buying the original packaging for the 5 star generals uncirculated commemorative gold coin. For that blogger – eBay has several of them on sale right now.

  17. Arizona Billy says

    When the first Kennedy half dollar was being recommended… One hears that Mrs. Kennedy was asked her opinion. While looking at the “artwork” she said that John always parts his hair on the other side.

    The mint changed the artwork to reflect her observation.

    Thank you Jackie O.

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