Kennedy following his assassination. It quickly became a cherished symbol in American culture.
After President Kennedy’s assassination in 1963, there was a rapid movement to commemorate him on a piece of U.S. currency.
The obverse was designed by Gilroy Roberts, featuring Kennedy’s profile, while the reverse, designed by Frank Gasparro, showcased the Presidential Coat of Arms.
The coin was released on March 24, 1964, and immediately captured the public’s interest. It became more of a keepsake than a circulating coin, leading to a shortage in general circulation due to hoarding.
Initially minted in 90% silver, the composition shifted to 40% silver in 1965 and then to a copper-nickel clad in 1971 due to rising silver prices.
Over the years, the U.S. Mint has released special editions and proof sets for collectors.
The first iteration of the Kennedy Half-Dollar, known as Type 1, was composed of 90% silver and 10% copper. This composition was short-lived, making these coins particularly sought after by collectors.