If you’re looking to buy silver coins on Long Island, few pieces capture American history, artistry, and investment potential like the 1964 John F. Kennedy Silver Half Dollar. Premier Coin Galleries specializes in rare coins and precious metals, providing collectors and investors with authentic, high-quality coins. This iconic coin, steeped in history, remains a favorite among enthusiasts for both its silver content and cultural significance.
The History of the JFK Silver Half Dollar
The story of the Kennedy Half Dollar begins in the tragic closing days of November 1963. After President John F. Kennedy’s assassination, the U.S. Treasury decided to honor the late president with a commemorative coin. Chief Engraver Gilroy Roberts was informed by Mint Director Eva Adams that a silver coin would bear Kennedy’s likeness. The decision to use the design from the Kennedy Inaugural Medal was both practical and symbolic.
The original medal models allowed engravers to reduce the design first to a 5-inch diameter, then to coin size. However, the relief had to be carefully lowered to allow for mass production, a task both challenging and urgent. By December 13, 1963, the first trial dies were completed, and sample coins were created for approval. Treasury Secretary Dillon sought the family’s approval, consulting with Jacqueline Kennedy and Attorney General Robert Kennedy. Mrs. Kennedy suggested subtle changes to de-emphasize a detail in JFK’s hair, which were quickly implemented. Once the family approved, proof dies were delivered on January 2, 1964, and production of nearly four million proof coins began.
The public first received business strike Kennedy Half Dollars on March 5, 1964. The initial 26 million coins were eagerly purchased by collectors, investors, and speculators. Today, the 1964 Kennedy Half Dollar is celebrated not only for its history but also for its 90% silver content, making it an essential addition to any silver coin collection.
Specifications of the 1964 JFK Silver Half Dollar
- Diameter: 30.6 mm
- Weight: 192.9 grains (12.5 grams)
- Composition: 90% silver, 10% copper
- Designer: Gilroy Roberts (obverse), Frank Gasparro (reverse)
- Engraver: Charles E. Barber
- Mint Marks: Philadelphia (none), Denver (D), San Francisco (S)
- Obverse: Forceful bust of Kennedy facing left, with LIBERTY above and IN GOD WE TRUST to the left and right of the truncation. Date below.
- Reverse: Presidential seal with UNITED STATES OF AMERICA above and HALF DOLLAR below.
- Edge: Reeded
Why Collect the 1964 Kennedy Half Dollar?
Historical Significance
The 1964 Kennedy Half Dollar represents a pivotal moment in American history. Struck shortly after the assassination of JFK, the coin serves as both a tribute to a beloved president and a tangible piece of 20th-century history. Owning this coin allows collectors to connect with a historical narrative while holding a tangible, silver-backed artifact.
Silver Investment Value
For investors, the 1964 Kennedy Half Dollar is attractive due to its 90% silver composition. Unlike later half dollars, which contained only 40% silver or were made entirely of base metals, the 1964 coin provides a significant amount of precious metal. As silver prices rise, owning these coins can serve as a hedge against inflation and a long-term investment strategy. Premier Coin Galleries in Long Island offers these coins for both purchase and investment purposes, making it easy to start or expand a silver collection.
Collector Demand
Collectors value the Kennedy Half Dollar not only for its silver content but also for its limited availability and historical context. Proof coins, special mint marks, and uncirculated coins are particularly sought-after. With millions of coins minted, the 1964 edition remains accessible but increasingly prized in quality conditions. Premier Coin Galleries provides authenticated coins with guaranteed quality, ensuring your investment retains value.
Where to Buy Silver Coins on Long Island
When searching to buy silver coins on Long Island, it’s essential to choose a reputable dealer who specializes in both coins and precious metals. Premier Coin Galleries has decades of experience in providing collectors and investors with authentic, high-quality coins. Whether you’re looking for individual coins like the 1964 Kennedy Half Dollar or building a diverse silver portfolio, our Long Island location offers:
- Expert guidance from knowledgeable staff
- Authentic coins with guaranteed quality
- Competitive pricing based on market values
- Opportunities to buy, sell, or trade rare coins
Tips for Buying Silver Coins
Buying silver coins requires careful consideration to maximize both enjoyment and investment potential. Here are some tips when purchasing silver coins on Long Island:
- Verify Authenticity: Only buy coins from reputable dealers who provide authentication certificates.
- Understand Silver Content: Know the silver percentage. The 1964 JFK Half Dollar contains 90% silver, which is higher than many post-1964 coins.
- Check Mint Marks: Coins from different mints (Philadelphia, Denver, San Francisco) can have varying rarity and value.
- Consider Coin Condition: Uncirculated and proof coins often command higher prices.
- Stay Informed: Silver prices fluctuate. Being aware of market trends helps determine the best time to buy.
The Appeal of JFK Silver Half Dollars for Investors
Investors often look to silver coins like the Kennedy Half Dollar as a tangible asset with both intrinsic and historical value. Unlike paper assets, physical silver provides security and diversification. The 1964 Kennedy Half Dollar offers the perfect combination of:
- High silver content (90%)
- Iconic American design
- Historical significance tied to JFK’s legacy
- Resale value potential for collectors and investors alike
Expanding Your Silver Coin Collection
While the 1964 Kennedy Half Dollar is a centerpiece, serious collectors often seek additional coins to diversify their silver holdings. Some complementary options include:
Other Kennedy Half Dollars
Later Kennedy Half Dollars, minted from 1965 onward, contain less silver but still hold collectible value. Coins minted between 1965–1970 contain 40% silver, while coins after 1971 are primarily composed of copper-nickel. Collectors may find these later coins appealing for completing sets or for their historical significance.
Silver American Eagles
For those focused on investment, Silver American Eagles offer 99.9% pure silver content. These bullion coins are recognized globally and can easily complement your collection of Kennedy Half Dollars. Premier Coin Galleries provides both proof and bullion versions to fit varying collector and investor goals.
Other Historic Silver Coins
Other U.S. silver coins, such as the Morgan Dollar, Peace Dollar, and Liberty Head Half Eagle, offer additional historical depth to any collection. Each coin tells a unique story of America’s economic and cultural development. By pairing these coins with the Kennedy Half Dollar, collectors can build a diverse, historically rich portfolio.
Understanding Market Value
The value of silver coins depends on several factors, including:
- Current silver spot price
- Rarity and mintage numbers
- Condition and grading
- Demand from collectors and investors
- Historical significance
Premier Coin Galleries ensures that all coins are accurately priced, taking into account both intrinsic metal value and collector premiums. This allows buyers to make informed decisions when purchasing silver coins on Long Island.
Long Island Resources for Coin Collectors
Long Island offers a variety of opportunities for collectors to engage with the coin community:
- Coin Shows: Regularly held in Nassau and Suffolk counties, coin shows provide an excellent venue to buy, sell, and trade silver coins.
- Coin Clubs: Local clubs offer networking opportunities, education, and access to exclusive coin auctions.
- Local Dealers: Trusted dealers like Premier Coin Galleries provide in-person consultation, authentication, and purchase services.
- Auctions: Both live and online auctions allow collectors to acquire rare and high-grade coins from across the U.S.
Long-Term Benefits of Collecting Silver Coins
Collecting silver coins isn’t just about immediate enjoyment—it offers long-term advantages as well:
- Wealth Preservation: Silver coins can serve as a hedge against inflation and currency fluctuations.
- Portfolio Diversification: Adding physical assets like coins reduces dependence on stocks and bonds.
- Legacy Building: Collectible coins can be passed down as family heirlooms, preserving both value and history.
- Educational Value: Coin collecting encourages learning about history, art, and metallurgy.
FAQs About Buying Silver Coins on Long Island
Q1: What makes the 1964 Kennedy Half Dollar special?
The 1964 Kennedy Half Dollar is 90% silver and was minted shortly after JFK’s assassination. Its historical significance, silver content, and limited availability make it highly desirable for collectors and investors.
Q2: Where can I buy authentic silver coins on Long Island?
Premier Coin Galleries is a trusted source for authentic silver coins on Long Island. We offer verified, high-quality coins, including the JFK Half Dollar, with expert guidance for collectors and investors.
Q3: How can I verify the authenticity of a silver coin?
Always purchase coins from reputable dealers who provide certificates of authenticity. Look for recognized grading and certification services to ensure your investment is genuine.
Q4: Are Kennedy Half Dollars a good investment?
Yes. The 1964 Kennedy Half Dollar has high silver content and historical value, making it a solid addition to any silver investment portfolio.
Q5: What should I look for when buying silver coins?
Check the coin’s silver content, mint mark, condition, and authenticity. Consider working with a trusted dealer like Premier Coin Galleries to make informed purchasing decisions.
Q6: Can I sell my silver coins back to Premier Coin Galleries?
Yes. We buy back coins and precious metals, providing competitive market-based offers. This ensures a trusted transaction for both collectors and investors looking to liquidate assets.
Q7: Are there rare variations of the 1964 Kennedy Half Dollar?
Yes. Proof coins, coins with specific mint marks, and uncirculated versions can have higher value. Premier Coin Galleries can help identify and authenticate rare variations.
Conclusion
For anyone looking to buy silver coins on Long Island, the 1964 John F. Kennedy Silver Half Dollar represents a unique blend of historical significance, investment potential, and timeless design. Premier Coin Galleries offers collectors and investors a trusted source for authentic coins, expert guidance, and competitive pricing. Whether you’re a seasoned collector or just beginning your journey into silver coins, the Kennedy Half Dollar is a must-have piece of American history and a valuable addition to your collection.
With decades of experience serving collectors and investors on Long Island, Premier Coin Galleries makes acquiring, investing in, and selling silver coins simple and reliable. Explore our selection of rare coins, including the iconic 1964 Kennedy Half Dollar, and begin or expand your silver coin collection today.
Visit Premier Coin Galleries on Long Island to experience firsthand why collectors trust us for authentic silver coins, expert advice, and a rewarding collecting experience.