The 1998-P Kennedy Half Dollar is a fascinating piece of U.S. coin history. Struck by the Philadelphia Mint, around 15.6 million of these half dollars were made that year. Even though they weren’t used much in everyday transactions, they were produced to meet demand if needed. Most collectors got their hands on them through uncirculated coin sets sold that year.
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The Shift in 1999
Things changed in 1999 when the U.S. Mint introduced the 50 State Quarter Program. This new coin series quickly became the center of attention for collectors, pushing the half dollar out of the spotlight. Since half dollars were hardly found in circulation, collectors started to focus more on the new quarters. Half dollars were still included in Mint Sets, but the quarters became the main attraction.
Collectibility of the 1998-P Half Dollar
Even though millions of these coins were minted, they are rarely found in circulated conditions today. Most of the coins available are in uncirculated or “raw” condition, meaning they haven’t been graded by coin rating agencies. The financial value of getting these coins certified isn’t very high unless you find one in exceptional condition.
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How Much Is It Worth?
While it’s common to find these coins in grades like MS66 or MS67, their value can range from $9 to $60. If you happen to come across one in MS68 condition, it could be worth quite a bit more—some have even sold for $1,500! However, this level of quality is rare, so collectors should be prepared to pay a premium for top-grade examples.
Historical Significance
The design of the Kennedy Half Dollar pays tribute to John F. Kennedy, the 35th President of the United States. His portrait appears on the front (or obverse) of the coin, while the back (reverse) features an eagle, symbolizing strength and unity.
Affordable and Accessible
For collectors, the 1998-P Kennedy Half Dollar is an affordable and accessible coin. You can still find well-preserved examples for under $50, making it a great addition to any collection. Whether you’re interested in the history of U.S. Mint products or just looking to complete your Kennedy half dollar set, this coin is a valuable piece of numismatic history.
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Conclusion
The 1998-P Kennedy Half Dollar may not be the most valuable coin in circulation, but it holds a special place in U.S. coin history. Its ties to John F. Kennedy and the shifting focus of the U.S. Mint in the late 1990s make it a unique and affordable piece for collectors.
Whether you’re a seasoned numismatist or just starting out, this half dollar is an accessible way to own a piece of modern American history. For under $50, you can add a well-preserved example to your collection, making it a smart and meaningful investment.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.