The 1982-S Kennedy Half Dollar has captivated collectors and investors alike, with certain specimens fetching prices exceeding $100,000.
This article delves into the factors contributing to its remarkable value, including its history, unique characteristics, and the nuances that make it a prized possession in the numismatic community.
A Brief History of the Kennedy Half Dollar
Introduced in 1964 to honor the late President John F. Kennedy, the Kennedy Half Dollar replaced the Franklin Half Dollar.
The coin’s obverse features a portrait of Kennedy, designed by Gilroy Roberts, while the reverse showcases the Presidential Seal, crafted by Frank Gasparro. Over the years, the coin has undergone various compositional changes, transitioning from 90% silver in 1964 to a copper-nickel clad composition in 1971.
The 1982-S Proof Kennedy Half Dollar
The 1982-S Kennedy Half Dollar was minted at the San Francisco Mint as a proof coin, primarily intended for collectors. Proof coins are known for their sharp details and mirror-like finishes, achieved through a specialized minting process. In 1982, the San Francisco Mint produced 3,857,479 proof Kennedy Half Dollars.
Factors Elevating the 1982-S Kennedy Half Dollar’s Value
- Perfect Grade – PR70 Deep Cameo (DCAM): Coins graded as PR70 DCAM represent the pinnacle of perfection, exhibiting no visible flaws under 5x magnification. The deep cameo contrast, characterized by frosted design elements against a mirrored background, further enhances the coin’s visual appeal.
- Rarity in Top Grades: While millions of 1982-S proof halves were minted, only a minuscule fraction have been preserved in perfect PR70 DCAM condition. The rarity of such flawless specimens significantly drives up their value.
- Market Demand: The Kennedy Half Dollar series enjoys enduring popularity among collectors. High-grade proofs, especially those from the early 1980s, are highly sought after, leading to competitive bidding and escalating prices at auctions.
Notable Auction Sales
Several 1982-S Kennedy Half Dollars in PR70 DCAM condition have achieved impressive prices at auctions. For instance, a specimen certified by PCGS fetched a substantial sum, reflecting the coin’s desirability among collectors.
Understanding Coin Grading and Its Impact on Value
Coin grading assesses a coin’s condition on a scale from 1 to 70, with higher grades indicating superior preservation and quality.
The PR70 grade denotes a perfect proof coin, free from any imperfections. Achieving such a grade is exceedingly rare, especially for coins minted decades ago, thereby commanding premium prices in the market.
| Specification | Details |
|---|---|
| Year of Issue | 1982 |
| Mint Mark | S (San Francisco) |
| Mintage | 3,857,479 |
| Composition | 75% Copper, 25% Nickel over a pure Copper center |
| Diameter | 30.61 mm |
| Weight | 11.34 grams |
| Designers | Gilroy Roberts (Obverse), Frank Gasparro (Reverse) |
| Notable Feature | High-grade proofs (PR70 DCAM) valued over $100,000 |
The 1982-S Kennedy Half Dollar stands as a testament to the allure of numismatics, where history, artistry, and rarity converge to create items of immense value.
For collectors, securing a PR70 DCAM specimen is akin to owning a piece of perfection, reflecting both the craftsmanship of the U.S. Mint and the enduring legacy of President Kennedy.
FAQs
Why is the 1982-S Kennedy Half Dollar so valuable?
Its value stems from its rarity in perfect PR70 DCAM condition, combined with high collector demand and historical significance.
How can I determine if my 1982-S Kennedy Half Dollar is a PR70 DCAM?
Professional grading services like PCGS or NGC can accurately assess and certify your coin’s grade.
Are all 1982-S Kennedy Half Dollars worth over $100,000?
No, only those in perfect PR70 DCAM condition have achieved such high values; coins in lesser conditions are worth significantly less.
