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Type: Kennedy Half Dollar, Type 2, Silver Clad (1965-1970)
Designer: Gilroy Roberts / Frank Gasparro
Content: 40% Silver, 60% Copper
Weight: 11.50 grams
Diameter: 30.61 millimeters
Edge: Reeded (150 reeds)
Mint: Denver (while generally classified as a Philadelphia minted coin due to its lack of mint mark, it has been reported that all 40% silver business strike Kennedy half dollars were minted at the Denver facility only, from Dec. 30, 1965 until the end of 1970)
Production Strikes: 295,046,978
General Type Description: In 1965, because of rising costs, the Mint began reducing the amount of silver in the coins it produced. Silver was eliminated completely from the Dimes and Quarter Dollars, in favor of a new composition consisting of a copper core sandwiched between outer layers of copper-nickel. For the Half Dollar, the Mint reduced the amount of silver from 90% to 40%, but retained much of the whitish, silvery appearance of former years by placing most of the silver in the outer layers. The new Half Dollars became known as “Clad” Half Dollars, but this term is also used as a nickname for 1965 and later Dimes, Quarter Dollars, and One Dollars (clearly, the term refers more to the layered structure of the coins than to their metal content). This series ended in 1970, after which the composition was matched to the copper-nickel clad alloy of the Dimes and Quarter Dollars. No 1970 Half Dollars were produced for circulation; they are only available in Mint or Proof Sets. Source: Guth, Ron. PCGS CoinFacts)
Specific Issue Description: The 1967 Uncirculated Kennedy Half Dollar does not contain a mint mark as the mint intentionally left mint marks off coins produced between 1965-1967 to prevent coin hoarding. It has been reported, however, that all 40% silver business strike Kennedy half dollars were only minted at the Denver facility from Dec. 30, 1965 until the end of 1970. The 1967 Kennedy Half Dollar has the largest mintage from all Uncirculated Kennedy Half Dollars produced from 1965 to 1970. It is very common in all circulated grades all the way up to MS63 condition more or less. In MS64 to MS65 it starts to become a little more scarce but still easily obtainable with most examples being raw or uncertified. In MS66 the coin now becomes very challenging to acquire with possibly a few hundred examples available and the odds are you won't find one in circulation, rolls or even bags. Most examples have probably already been graded. In MS67 it is extremely scarce with about a dozen known and none being finer. (Source: Hernandez, Jaime. PCGS CoinFacts)
Exemplar Description: Colorfully-toned and mounted reverse-side-up in the holder to best display its admirable qualities, the reverse displays gold, sunset-orange, and soft jade hues with complete mint luster, while the obverse offers a similar, thought somewhat less vivid palette. One of only 16 MS67s with none graded finer, this gem was acquired 7/2012 via Heritage Auctions.
