Do They Actually Make Half Dollars Anymore?
Are half dollars still minted? Discover their surprising modern status, why they're rarely seen, and how you can acquire them today.
The United States Mint continues to produce Kennedy Half Dollar coins each year. While still legal tender, their presence in everyday transactions has become infrequent. This situation often leads people to question whether these 50-cent coins are still part of the nation’s currency. This article explores their ongoing production, why they are rarely encountered in daily commerce, and how they can be obtained.
The Kennedy Half Dollar: Production and Status
The Kennedy Half Dollar, first minted in 1964, remains the current design for the United States’ 50-cent coin. The U.S. Mint initially produced these coins to commemorate President John F. Kennedy. While early issues had silver content, coins minted from 1971 onward are made of a copper-nickel clad composition.
From 2002 to 2020, the U.S. Mint primarily produced Kennedy Half Dollars for collectors and numismatic products, not for general circulation. These coins were sold directly to the public in various forms, such as bags and rolls, and also included in annual coin sets like uncirculated and proof sets. This approach stemmed from a significant inventory held by the Federal Reserve and a general lack of public demand.
The U.S. Mint resumed striking Kennedy Half Dollars for general circulation in 2021, continuing into 2022 and 2023, with quantities shipped to the Federal Reserve. However, the primary production focus remains on meeting collector demand, with special editions like those for the 50th anniversary in .9999 fine gold released. The Philadelphia and Denver Mints produce circulating and uncirculated cupro-nickel coins, while the San Francisco Mint produces proof coins.
Why Half Dollars Are Not in General Circulation
Half dollars are infrequently seen in daily transactions for several reasons. One factor dates back to the coin’s introduction. The 1964 Kennedy Half Dollar contained 90% silver, and subsequent issues until 1970 contained 40% silver. This led to widespread hoarding for their precious metal content, meaning the coins never established a strong presence in everyday commerce.
Public preference also plays a role, as many consumers find smaller denominations like quarters and dimes more convenient. The larger size and weight of the half dollar are perceived as cumbersome by some users. Many vending machines, public transportation fare boxes, and point-of-sale systems are not equipped to accept half dollars, further limiting their utility in modern commerce.
The U.S. Mint’s decision to produce half dollars primarily for collectors from 2002 to 2020 reinforced their absence from general circulation. While production for circulation has resumed, the long period of limited availability meant businesses and individuals grew accustomed to not using them. Merchants stopped ordering them from banks, and banks reduced their orders from the Federal Reserve, contributing to their scarcity.
How to Obtain Half Dollars
Despite their infrequent appearance in daily change, half dollars are legal tender and can be acquired through several channels. One common method is to inquire at local banks and credit unions. While availability can vary, many banks can provide rolls of half dollars at face value, and some may place an order for them if they do not have them on hand.
For those interested in uncirculated or proof versions, the U.S. Mint sells Kennedy Half Dollars directly to the public through its official website. These coins are often available in rolls, bags, and as part of various collector sets. The prices for these products are typically above face value, reflecting their numismatic quality and packaging.
Coin dealers and numismatic shops also serve as reliable sources for obtaining half dollars, including older issues and special collector’s items. These establishments specialize in coins and can offer a wider variety, though prices will reflect market value and rarity.