If you found a 1968 Kennedy half dollar in a drawer, your first question is likely: is it worth more than 50 cents? This guide explains how the 1968 half dollar value is calculated, what to look for, and where real premiums occur.
How the 1968 Half Dollar Value Is Determined
The 1968 Kennedy half dollar has both a metal value and a collectible value. The metal (melt) value comes from its 40% silver content, while the numismatic value depends on condition, mint mark, rarity, and demand.
When assessing a coin, separate the basic melt worth from possible collector premiums. That will help you decide whether to sell, hold, or get the coin graded.
Key facts about the 1968 Kennedy half dollar
- Composition: 40% silver, 60% copper.
- Silver weight: approximately 0.1479 troy ounces of silver per coin.
- Mint marks: 1968 (Philadelphia), 1968-D (Denver), proofs typically struck in San Francisco (S).
- Common in circulation but also available in uncirculated and proof issues.
Calculate Melt Value of a 1968 Half Dollar
To get melt value, multiply the spot price of silver by 0.1479 troy ounces. This gives a baseline value you can expect even for worn coins.
Example calculation:
- If silver is $25 per troy ounce: 25 × 0.1479 ≈ $3.70 melt value.
- If silver is $30 per troy ounce: 30 × 0.1479 ≈ $4.44 melt value.
Keep in mind dealers often buy at a small percentage below melt for bulk purchases, while individual sellers on platforms may receive closer to full melt value.
Numismatic Value: When a 1968 Half Dollar Is Worth More
Numismatic premiums come from high grade, proofs, and error varieties. Most circulated 1968 halves are worth roughly melt value plus a small premium for collectors.
Factors that raise value:
- Uncirculated condition (MS grades) — sharp strike, full luster, no wear.
- Proof coins (S mint) — especially deep cameo proofs or those in intact proof sets.
- Mint mark variations — some collectors prefer specific mint marks like 1968-D.
- Error coins — doubled dies, off-center strikes, or planchet defects can command higher prices.
Typical value ranges (practical guidance)
Values change with market conditions and grading. Use these conservative ranges to judge whether further action (grading, auction) is worth it.
- Circulated common pieces: approximately face value to a few dollars (usually near or above melt).
- Uncirculated (MS60–MS63): modest premiums—several dollars to $20.
- Higher uncirculated (MS64–MS66): stronger premiums—$20 to $100+ depending on eye appeal.
- Proof coins and certified high grades: often $10 to $100+, with rare deep-cameo proofs higher.
- Certified error coins: can range from modest to thousands depending on rarity and demand.
Grading and Authentication: Practical Steps
Condition makes the biggest difference in numismatic value. If you believe the coin could be uncirculated or an error, consider professional grading.
Steps to take:
- Examine under good light and magnification for wear, luster, and scratches.
- Check for mint marks: look for D on Denver coins and S on proofs.
- Compare to grade guides or recent auction photos to estimate condition.
- If the coin appears high-grade or errored, submit it to a reputable grading service (PCGS, NGC) before selling.
Real-World Example: A Small Case Study
Case study: A collector found a roll of Kennedy halves and set aside a bright 1968-D that showed no wear and excellent luster. After getting it slabbed as MS65 by a major grading service, the coin sold at auction for a price well above melt value.
Lesson: even common dates can be valuable if the grade is high or if the coin has strong eye appeal. Spotting potential before selling is worth a quick evaluation.
Buying and Selling Tips for 1968 Half Dollar Value
If you plan to buy or sell, follow practical tips to avoid leaving money on the table.
- If selling a single coin, check recent auction results for comparable grades and mint marks.
- Consider grading only if you expect a premium that exceeds grading costs.
- For bulk coins, expect offers close to melt value from dealers, or sort for high-grade coins first.
- Use clear photos and honest descriptions if listing online; mention any flaws, toning, or cleaning.
Final Takeaway on 1968 Half Dollar Value
Most 1968 Kennedy half dollars are worth more than face because of their silver content, but only a minority command significant numismatic premiums. Condition, mint mark, proofs, and errors are the main drivers of value beyond melt.
Check the silver price for melt value, inspect the coin’s grade and mint mark, and consider professional grading for coins that look uncirculated or unusual. That approach will tell you whether your Kennedy is worth more than 50 cents.
