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Inventory:
1 In Stock
- Product ID: 16048
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| Metal/Chg | Bid | Ask |
|---|---|---|
| Updated: 11/23/24 08:14:01 | ||
Silver
 0.55
|
$31.32 | $31.51 |
The 90% Silver Uncirculated Kennedy Halves $1000 Face Bag consists of 2000 half dollars, weighing approximately 715 ounces in pure silver content. Instead of being in typical 90% circulated condition, this bag of Kennedy Halves are in brilliant uncirculated condition, which is more difficult to find among the 90% silver coins. More commonly known as "junk silver," 90% silver coins are usually bought specifically for their silver content but these uncirculated halves have a higher numismatic value than circulated 90% coins. When using the term, "junk silver," the word junk is referring to the lack of numismatic value the coins contain and not the actual condition the coins are in.
Just one month after the assassination of John F. Kennedy, the US Mint quickly released the new half dollar. Replacing the Franklin Half Dollar, the new Kennedy Half Dollar's design was already an existed work by sculptors, Gilroy Roberts and Frank Gasparro. By already having a prominent design at hand, the Philadelphia Mint was able to produce over 273 million brilliant uncirculated coins in 30 short days. Upon their release in March of 1964, almost the entire collection disappeared from the market. Collectors rushed to hoard thousands of these historical gems, while others wanted them for their 90% silver content. Then, there were those Kennedy fans, who just wanted something to remember the late president by. The Mint even drastically increased production but were unsuccessful in giving others the ability to enjoy the new half dollar. 1964 was also the last year of the US Mint using 90% silver in their coins and changing the metal to 40% so this also could have affected the public's intense reaction to hoarding them.