The Kennedy Half Dollar is an important coin in U.S. history. First minted in 1964 to honor President John F. Kennedy after his assassination, these coins have been popular among collectors for decades. This guide focuses on the 1998-P Kennedy Half Dollar, detailing its production, design, value, and why it is essential for coin collectors.
Overview of the 1998-P Kennedy Half Dollar
In 1998, the Philadelphia Mint produced 15,646,000 Kennedy Half Dollars. While this is a large number, these coins weren’t widely circulated. Instead, collectors mainly acquired them from uncirculated coin sets. The coin’s lower circulation meant that it was less commonly seen in everyday transactions.
| Details | Information |
|---|---|
| Mint Location | Philadelphia |
| Mintage | 15,646,000 |
| Circulation Status | Rarely found in circulation |
Shift in Coin Collecting Trends
Starting in 1999, the introduction of the 50 State Quarters Program changed how collectors viewed coins. The Kennedy Half Dollar, which had been a centerpiece in Mint Sets, lost some of its popularity. Collectors were now more interested in the new quarters, which represented each state. Many collectors chose to buy Mint Sets to get these quarters instead of focusing on the half dollar.
Rarity and Market Value
Even though 15 million 1998-P half dollars were minted, they are rare in circulation. In the first six months of 1998, there were no reports of these coins being found in daily transactions. Most of the surviving coins are in uncirculated condition, often referred to as “raw” coins since they haven’t been graded or certified.
Grading and Certification
Certification of coins is done by organizations like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation). Because the 1998-P Kennedy Half Dollar isn’t particularly valuable, not many collectors feel the need to have their coins certified.
| Grading Statistics | PCGS | NGC |
|---|---|---|
| Total Certified | Over 700 | Over 700 |
| MS68 Examples | 6 | 15 |
| Prooflike Designation | 0 | 3 |
Among certified coins, those graded MS68 are especially scarce. Records show only six MS68 examples from PCGS, with three from NGC receiving a Prooflike designation. No varieties of the 1998-P Kennedy Half Dollar are listed in popular guides like the Cherrypickers’ Guide or Variety Vista.
Current Market Prices
The 1998-P Kennedy Half Dollar is generally affordable for collectors. Recent auction prices indicate that coins graded MS66 are valued between $9 and $15, while those graded MS67 can sell for $20 to $60. High-grade coins like those graded MS68 can fetch much higher prices. For example, one was sold on eBay for $1,500 in January 2022.
| Grade | Price Range | Notes |
|---|---|---|
| MS66 | $9 – $15 | Commonly found |
| MS67 | $20 – $60 | Less common but available |
| MS68 | $1,500 (record) | Rarely available |
If you’re looking to add a 1998-P Kennedy Half Dollar to your collection, uncirculated examples are widely available for under $50. This coin is accessible for anyone wanting to start or complete a collection of Kennedy Halves.
Design Features
Obverse Design
The front, or obverse, of the 1998-P Kennedy Half Dollar features a portrait of President John F. Kennedy. This design was created by Gilroy Roberts, the Chief Engraver of the U.S. Mint at the time. The word LIBERTY is inscribed at the top, while the date 1998 is at the bottom. The motto IN GOD WE TRUST is placed above the date, and Roberts’ initials can be found near Kennedy’s neck.
Reverse Design
The back, or reverse, of the coin was designed by Frank Gasparro. It showcases a heraldic eagle, a symbol of the United States, holding arrows in one talon and an olive branch in the other, representing war and peace. The eagle faces the olive branch, symbolizing hope for peace even during times of conflict.
| Design Feature | Description |
|---|---|
| Eagle | Symbol of the U.S. |
| Arrows & Olive Branch | Represents war and peace |
| Inscription | UNITED STATES OF AMERICA and HALF DOLLAR |
The words UNITED STATES OF AMERICA and HALF DOLLAR circle the eagle, surrounded by 50 stars representing each state.
Edge and Specifications
The edge of the 1998-P Kennedy Half Dollar is reeded, giving it a textured feel. Here are some quick specifications of this coin:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1998 |
| Denomination | Half Dollar (50 Cents USD) |
| Mintmark | P (Philadelphia) |
| Mintage | 15,646,000 |
| Alloy | 75% Copper, 25% Nickel |
| Weight | 11.34 g |
| Diameter | 30.60 mm |
| Quality | Business Strike |
Conclusion
The 1998-P Kennedy Half Dollar is a key piece for collectors interested in American coins. With its high mintage and unique design, it serves as an excellent entry point for beginners. Collectors can find uncirculated versions at reasonable prices, making it accessible for those just starting their collections. Although the coin is not especially valuable, it represents a significant moment in U.S. history and is a lovely addition to any numismatic set. The Kennedy Half Dollar, especially from 1998, remains a testament to the legacy of President Kennedy and a reminder of the shifting landscape of American coin collecting.
FAQ’s
What makes the 1998-P Kennedy Half Dollar unique?
The 1998-P Kennedy Half Dollar is unique because it was struck during a period when the coin was not widely circulated. It has a high mintage of over 15 million coins, yet collectors often find it in uncirculated condition. This rarity makes it an interesting piece for collectors, especially as it was minted just before the introduction of the 50 State Quarters Program.
How much is a 1998-P Kennedy Half Dollar worth?
The value of a 1998-P Kennedy Half Dollar varies based on its grade. Generally, uncirculated examples in grades MS66 are valued between $9 and $15, while those in MS67 range from $20 to $60. Rare MS68 examples can sell for significantly more, with some reaching prices over $1,500 at auction.
Where can I find a 1998-P Kennedy Half Dollar for my collection?
You can find a 1998-P Kennedy Half Dollar at coin shops, online marketplaces like eBay, or through coin auctions. Many collectors buy uncirculated examples for under $50, making it an accessible addition for anyone starting or expanding their coin collection.