LC-1297 Kennedy Booklet - Littleton Coin Company

LITTLETON’S$4.95COLLECTORS GUIDE TOKENNEDY HALF DOLLARSCollector Clubs fromLittleton Coin Company“And so, my fellow Americans, ask notwhat your country can do for you –ask what you can do for your country.”John F. Kennedy

Dear Collector,Coins reflect the culture and the timesduring which they were produced, andKennedy half dollars tell the story of JFKand post-war America in a way that noother artifact can. The Kennedy halfdollar was designed and struck a mere 69days after President John F. Kennedy’sassassination. Until then, the half dollarwas the only circulating coin that didn’tbear the likeness of a U.S. president.Today, over 40 years later, when you holdone in your hand, you’re holding a tangiblelink to the 1960s and beyond.David M. Sundman,LCC PresidentKennedy half dollars recall the age of the space race – atime when U.S. satellite Explorer VI transmitted the first TVpictures of earth from space; or the first-ever live TV pressconference held by JFK himself. It was a time of fear, withthe Cuban Missile Crisis, and a time of hope, with sit-ins atthe lunch counter in Greensboro, North Carolina. NowAmerica’s largest circulating coin, the half dollar is anenduring legacy from our nation’s past!Have a plan for your collectionIt’s always good to have a plan and focus for what you wantto collect. Although there is a variety of ways, building acomplete date and mint mark collection is considered bymany to be the ultimate achievement. The anticipation ofwaiting to fill the next space in your album becomes proudsatisfaction when you locate that coin.Of course, one of the greatest thrills of collecting is huntingfor coins, like the first-year 90% silver Kennedy half of 1964in mint state condition. Elusive key dates, like the 1970-D, willmake your collection stand out. This series has many excitingvarieties, like the 90% silver issue, 40% silver coins, andBicentennial coins. Plus, its large size and the Kennedymystique make it especially appealing.Whatever your level of interest or experience, I hope you’llfind this collectors club booklet on Kennedy half dollars aninteresting, useful, and educational guide to the series.Sincerely,2David M. SundmanPresident

What can Littleton Coindo for me?Ever since Littleton Coin first opened its doors in 1945, this familyownedbusiness has been committed to providing outstanding service tocollectors – it’s our top priority. When you hear or see the name LittletonCoin Company, you probably think of the friendly voice you speak withon the phone. But teams of employees work behind the scenes to ensureyou have the coins, paper money, supplies and information you need toenjoy the hobby to its fullest.The largest selection of U.S. coinsin the widest range of grades!Littleton offers you the widest variety of coins and paper moneyavailable. Teletype connects us to over 2,000 dealers, and Littleton’s coinbuyers travel to coin shows across the country to replenish our inventory.See each coin before you buy!Enjoy Littleton’s convenient “Free Examination” Coins-on-ApprovalService and collector clubs. This special service lets you examine coinsin your home before you buy. It’s like having a coin shop come to yourhouse. You buy only what you want from any selection, and you cancancel this free service at any time – there’s no obligation.Special Request Service, one-stop shopping & collectinginformation, and FREE publications for collectors!Having access to a large selection of coins “on approval” is just one ofthe services Littleton offers you. We also offer a Special RequestService to help you locate hard-to-find coins and paper money, acomprehensive website, and FREE publications that offer helpfulcollecting tips. You’ll find that as your knowledge increases, you’llget more out of this exciting hobby.Table of ContentsJFK’s Early Years ....................................................................5The 35th U.S. President..........................................................7The Kennedy Coins ................................................................9Uncirculated and Proof Coins ..............................................13Caring For Your Coins ..........................................................153

4Painting of John F. Kennedy by William Franklin Draperbased on an oil sketch done in 1962.“Let every nation know, whether it wishes us well or ill, that we shall payany price, bear any burden, meet any hardship, support any friend,oppose any foe, in order to assure the survival and the success of liberty.”Excerpt from the inauguration address delivered January 20th, 1961

The Early YearsJohn Fitzgerald Kennedy descended from Irishimmigrants who came to Boston in the mid-1800s to escape the potato famine and othereconomic ills. His grandfather, Patrick Kennedy,owned a saloon and became active in Bostonpolitics. His father, Joseph, went into bankingand made a substantial fortune in real estate,the motion picture industry, and other businessactivities. A strong supporter of Franklin D.Roosevelt and the Democratic Party, JosephKennedy held important posts in Roosevelt’sNew Deal administration and was appointedU.S. ambassador to Great Britain in 1937. Photograph of youthfulJFK, the second of nine children born toJohn F. KennedyJoseph and Rose Kennedy, began life in a lowermiddle-classsection of Boston. The family gradually moved to betterneighborhoods as his father prospered. Entering Harvard in 1936, heshowed greater interest in athletics than academics during his first twoyears. But with Nazi aggression forcing concern about the threat ofHitlerism, “Jack” Kennedy developed a keen interest in history andgovernment during his last two years at Harvard. His senior thesisabout Britain’s slow response to German rearmament was published asa book titled Why England Slept, which became a best-seller in bothGreat Britain and the United States.“Need small boat – Kennedy”After attending Stanford Graduate School of Business, and travelingextensively in South America, JFK enlisted in the U.S. Navy in late 1941and became commander of a patrol torpedo (PT) boat. In August, 1943, hisPT boat was rammed and sunk by a Japanese destroyer during one ofnumerous operations against the Japanese navy in the Solomon Islands.Although this seriously aggravated a previous spinal injury, Kennedy led thesurvivors on a treacherous three-mile swim through hostile waters to aremote island – towing one wounded sailor by clenching the edge of thefellow’s life jacket in his teeth. Kennedy’s spirit, endurance, leadership, andsense of humor would then become essential to their surviving several dayson the island without water, food, or medical attention.During his presidency some two decades later, the most treasured itemon John F. Kennedy’s Oval Office desk would be a fragment of a coconutshell – which in 1943 he had chiseled with the following message and givento a passing islander: “Native knows position, he can pilot, eleven alive,need small boat – Kennedy.” The message eventually brought rescue to himand his surviving crew.Though proud of his war record, John Kennedy never bragged about it.Years later, in 1962, a student asked him: “Mr. President, how did you getto be a war hero?” Kennedy responded with a few humble words: “It wasabsolutely involuntary. They sank my boat.”5

6A political career beginsThe Kennedy family had always thoughtthat John, the intellectual of the family,would become a writer or teacher – andthat his older brother Joe would carry onthe family’s political tradition. But Joe,a Navy pilot in the war, was killed ina 1944 air attack against Germansubmarine pens off Belgium. So John tookup the reins of the family’s tradition ofpolitical involvement, and decided upon acareer in public service…Campaigning long and hard against veteran city politicians in 1946, theJFK on the campaign trail29-year-old John Kennedy won a seat as a Democrat in the United StatesCongress from the 11th Congressional District – a waterfront area ofBoston comprised mainly of immigrants. While supporting an active rolefor the United States in international affairs, John devoted most of hisefforts and time to domestic concerns and to servicing the specific needsof his district. Re-election to Congress came handily from his gratefulconstituents in 1948 and 1950.Election to the U.S. SenateThough not well known outside the Boston area, Kennedy decided to runagainst Republican Henry Cabot Lodge for Lodge’s seat in the UnitedStates Senate. Campaigning diligently for months, and aided by thousandsof well-organized workers and volunteers, John Kennedy narrowlydefeated Lodge in November, 1952.As a U.S. Senator, Kennedy paid special attention to the textileworkers, fishermen, longshoremen, and other major groups inMassachusetts. And as a member of the Senate Committee on Educationand Public Welfare, he worked hard on social and economic legislation.In September 1953, he married Jacqueline Bouvier of a wealthy RhodeIsland family. The following year, he survived two dangerous operationsfor his war-aggravated spinal disorder, although recovery laid him up forsix months. His spinal condition would remain a source ofgreat pain and discomfort for the rest of his life.In winning re-election to the U.S. Senate in 1958by the largest margin ever achieved inMassachusetts, Kennedy was already becomingan important national political figure. Hisprominence was further boosted bytaking an increasingly active and vocalposition on civil rights and foreignpolicy. And though hisCatholicism was seen bymany as an insurmountablebarrier to the WhiteHouse, it served to drawadded interest and attention toKennedy as a potentialpresidential candidate.Hat and pennantsfrom 1960Presidential race

The 35th U.S. PresidentBy the time John F. Kennedy formallyannounced his candidacy for the Democraticpresidential nomination, he had become theacknowledged front-runner of his party.Campaigning in his usual dedicated andthorough fashion, Kennedy won all thepresidential primaries he entered, and earnedthe endorsement of many state conventions.His nomination on the first ballot at theDemocratic national convention was a tribute tohis hard work, his outstanding organizationalskills, and the steadfast efforts of thousands ofcampaign workers in all 50 states. The reach ofhis campaign organization would be pivotal inhis attaining the White House.The November 8, 1960 election proved to beextremely tight, with Kennedy receiving a mere 150,000 more votes thanRichard Nixon out of the nearly 70 million votes cast. In his inauguraladdress of January 20, 1961, the energetic young president stirred theAmerican people with his sense of civic pride and responsibility: “My fellowAmericans, ask not what your country can do for you, ask what you can dofor your country… ask not what America will do for you, but what togetherwe can do for the freedom of man.”The “New Frontier”The high caliber of his cabinet and other major appointments showed thatthe new 35th U.S. president wanted the best possible people to run thegovernment. Through a zeal for involvement and achievement, Kennedyand his administration won the hearts of Americans ofall ages, but especially the young. His new PeaceCorps program sent thousands of bright youngpeople to help in underdeveloped countriesall around the world. Government serviceapplications rose dramatically on the local,state, and national levels.His signature social issue becamecivil rights, while his futuristic thinkingwas highlighted by his promise of“landing a man on the moon andreturning him safely to earth before theend of the decade.” Though this seemedmore like science fiction than fact in 1961,the promise was kept after Kennedy’sThe new president delivershis inauguration address.death – when on July 20, 1969, NeilArmstrong descended a spacecraftladder to the surface of the moon andtook his “giant leap for mankind.”Official Kennedy PresidentialMedal, which bears the eaglefrom the Presidential Seal asfound on the Kennedy Half.7

8Kennedy’s New Frontier included such domestic measures as a newMedicare system, strengthened Social Security, tax reform, and greateraid to education and inner-city programs. Foreign elements includedKennedy’s well-received Alliance for Progress to promote economicdevelopment and reform in Latin America.International crisisThe nuclear age’s most dangerous moment came in October, 1962, whenaerial photos revealed that offensive nuclear missiles were beinginstalled by the Russians on the island of Cuba, just 90 miles from theFlorida coast. President Kennedy moved quickly to declare and establisha “quarantine” of the island, deploying 180 war-ready ships to the waterssurrounding Cuba, and filling the air with B-52 bombers armed withnuclear weapons. The tension-filled 13 days of the “Cuban missile crisis”ended with a lengthy, emotional letter to President Kennedy from NikitaKhrushchev, premier of the Soviet Union, agreeing to dismantle themissile installations and return them to Russia.Understanding the extreme sensitivity of the crisis, Kennedy wascareful not to declare any kind of victory. He simply wrote back toKhrushchev with the following joint proposal: “I think we should givepriority to questions relating to proliferation of nuclear weapons, onearth and in outer space, and to the great effort for a nucleartest ban.” Within a year, an atomic test ban treaty wassigned by the United States and the Soviet Union.The fallen leaderThough warned that the presence of several extremistgroups made Dallas a potentially unsafe city to visit,President Kennedy made the fateful decision to speak toleading Texas businessmen on November 22, 1963 atthe Trade Mart in Dallas – and to begin campaigning forthe next year’s election with a ride through the city in anopen limousine. A cheering crowd greeted the motorcadeas it moved through the city streets. But as the president’sopen limousine turned left at the Texas School BookDepository, the piercing sound of gun shots shattered thecalm of the high noon.When informing Bobby Kennedy that his brother the president hadbeen killed by a sniper, a family friend offered a positive thought: “Maybethis will reduce hate.” Bobby Kennedy merely shook his head and stated:“In a few months, it will be forgotten.”But as the weeks, months, and years passed, the memory of JohnFitzgerald Kennedy seemed to grow only stronger, and to fill the hearts andminds of Americans all the more. To honor his memory, countless publicbuildings, schools, highways and bridges took on the Kennedy name.Great Britain set aside three acres of the historic meadow ofRunnymede (where the Magna Carta was signed in 1215) as a Kennedyshrine. In dedicating the shrine on May 14, 1965, Queen Elizabeth spokein reverence of the fallen leader, “whom in death my people still mournand whom in life they loved.” In response, Jackie Kennedy said it was“the deepest comfort to know that you share with me thoughts that lietoo deep for tears.”

The Kennedy CoinsDesigner:Weight:Diameter:Composition:Obv: Gilroy Roberts; Rev: Frank Gasparro1964: 12.50 gms; 1965-70: 11.50 gms;1971-date: 11.34 gms30.6 mm1964: .900 silver, .100 copper;1965-1970: .400 silver, .600 copper1971-date: clad (composition varies)Following the assassinationof John F. Kennedy onNovember 22, 1963, thepopular young president washonored with many grandtributes. Cape Canaveralwas renamed Cape Kennedy,New York’s Idlewild Airportbecame Kennedy Airport,the National Cultural Centerin Washington, D.C. wasrededicated as the KennedyCenter… and schools, publicbuildings, bridges andhighways throughout thenation were rechristened withTen days after JFK’s November 16 visit tothe Kennedy name.Cape Canaveral in 1963, it was renamedBut the greatest tributeCape Kennedy. Today, it is known as thewas to put John F. Kennedy’sKennedy Space Center at Cape Canaveral.profile on a circulating U.S.coin, alongside those with portraits of George Washington, ThomasJefferson, Abraham Lincoln, and Franklin D. Roosevelt. Placed incirculation in early 1964, the Kennedy half dollar represented thequickest development and introduction of a new coin design in thehistory of the nation.The profile of John F. Kennedy found on the obverse of the coinwas created by Gilroy Roberts, chief engraver of the U.S. Mint, withsome improvements to the portrait suggested by Jackie Kennedy. Thereverse of the new coin featured an adaptation of the Great Seal of theUnited States and was created by Frank Gasparro, assistant engraverof the U.S. Mint. The design of the coin was finalized just weeks afterPresident Kennedy’s untimely death, and the necessary legislationbreezed through Congress. Production of the new coins was underway before the end of January 1964, a mere two months after thatfateful day in Dallas. The fast introduction of the Kennedy half dollarreflected America’s desire to keep the spirit and memory of thepopular young president alive.9

10John F. Kennedy, 35 th presidentof the United States, 1961-1963Struck in 90% silver, 40%silver, and copper-nickelWhen the Kennedy coins wereintroduced in 1964, America’s halfdollars, as well as quarters and dimes,were still being struck in 90% fine silver.But due to the rising price of silverbullion, the composition of the halfdollar was changed in 1965 to 40% finesilver, while the composition of quartersand dimes was changed to coppernickel.The Kennedy coins were struckin 40% fine silver from 1965 through1970, when further increases in the costof silver forced the complete removal ofthe precious metal from the half dollarcomposition. Since 1971, Kennedy halfdollars have been struck in the samecopper-nickel alloy as quarters anddimes, with the exception of somelimited-issue Bicentennial half dollarsthat were struck in 40% silver.Special Bicentennial coinsIn honor of the nation’s Bicentennial celebration, 1975 and 1976 regularissueand specially-made Proof Kennedy half dollars were struck in 40%fine silver as well as in the copper-nickel alloy. And all the Kennedy halvesproduced during 1975 and 1976, whether 40% silver or copper-nickel, carryspecial Bicentennial dating, 1776-1976 (thus, no Kennedy coins carry just a1975 or 1976 date). Besides the Bicentennial “double date,” the half dollarsstruck in 1975 and 1976 also carry aspecial reverse design depictingIndependence Hall – the historicPhiladelphia landmark wherethe Declaration ofIndependence was adoptedby the American colonies onJuly 4, 1776.Proof and SpecialMint Set issuesProofs, which are speciallymadecoins of the highestquality, are struck in morelimited quantities and areintended as collectibles ratherthan circulating coinage. Since90% silver, regular-issue U.S.coins came to an end at theBicentennialcoins feature“1776-1976”dating and aspecial design onthe reverse.

Gilroy Roberts, chief engraver of the U.S. Mintfrom 1948 to 1964, completing his designfor the obverse of the Kennedy Half Dollar(the presidential portrait was createdwith help from Jackie Kennedy)close of 1964, the only90% silver Proof Kennedyhalf dollar was the 1964issue. Then, in 1992, theU.S. Mint began to issuespecial 90% Silver ProofKennedy half dollars inlimited quantities.Due to a coin shortagefrom 1965 to 1967, all Mintfacilities were busyproducing circulationcoinage. So the U.S. Mintdid not have time to preparefor and strike Proof coins.During those three years, theMint chose to handpick thebest Uncirculated coins andgive them the specialhandling and packagingnormally reserved for ProofSets. These “Special MintSets” of 1965-67 containUncirculated coins of exceptional beauty, representing a level ofquality above that of regular Mint Sets, but not reaching thedistinctive excellence of Proof coins, which are made with speciallyprepared coin blanks, dies, andpresses.P, D and S coinsFrom 1964 through 1967, regularissueKennedy half dollars struck forcirculation were produced only atthe main U.S. Mint in Philadelphia(no mint mark 1964 through 1979;“P” mint mark 1980 to the present).Regular-issue coins were also struckat the Denver Mint (“D” mint mark)beginning in 1968.The 1964 Proof Kennedy halvesand 1965-67 Special Mint SetKennedy halves were struck at themain Philadelphia Mint. Proof“D” and “S” mint marks arefound just below the presidentialportrait on Kennedy Half Dollarsfrom 1968 to date.Kennedy halves of 1968 to the present were struck at the San FranciscoMint, and these special Proof issues are the only Kennedy half dollarsthat carry the “S” mint mark.When the Kennedy half dollar was introduced in 1964, mint markswere located below the olive branch clutched by the eagle on the reverse.In 1968, the mint mark location was switched to the obverse, just belowthe portrait of President Kennedy.11

High-quality mint Uncirculated Kennedy Halves (pictured lower right) and specialProof coins (pictured top & left) are in great demand among coin collectors.“We stand for freedom. That is our conviction for ourselves;that is our only commitment to others.”John F. Kennedy12

Uncirculated & Proof CoinsCollector clubs from Littleton Coin Company offer you mint Uncirculatedand Proof Kennedy half dollars, which are in greatest demand amongcollectors. These high-quality coins have been carefully preserved sincetheir time of issue, and bear all the fine details and features of thishandsome coin’s original design. The Littleton custom album containslabeled spaces for every Kennedy half dollar of 1964 to the present, andis an attractive way to organize and display your collection.The album also provides protection for such high-quality coins, andallows for easy viewing of both sides without handling the coinsthemselves. A collection of mint Uncirculated and Proof Kennedy halfdollars will continue to grow more difficult to assemble in future years.Mint Uncirculated CoinsUncirculated coins are coins that have neverbeen in circulation. Coins may have beenstored for many years in original mint-sealedbags, or stored in bank wrapped rolls, orcarefully preserved by collectors. As a result,Uncirculated coins exhibit no wear fromgeneral circulation. Depending on the contactthey may have had with other coins, oratmospheric conditions during or after coining,blemishes, staining, bag marks and toning maybe present. These coins may lack luster andstill be considered Uncirculated. Because theyrepresent greater quality and scarcity, theycarry higher values than those that havecirculated. Uncirculated grades range from MS-60 Typical to MS-70Perfect. Most Uncirculated coins range from MS-60 to MS-63+, as veryfew coins meet the technical standards for MS-65 or higher.Superb Proof CoinsProof is not a grade; it is a method ofmanufacture. Proof coins are made by a specialprocess using carefully selected coin blanks anddies, which are meticulously polished andburnished to remove any and all imperfections.The coin blanks are individually fed into aspecially adapted coin press, and are strucktwice – at slow speed and with extra pressure –to produce high-relief features contrastedProof Kennedy Half withdual bicentennial datesUncirculated first-yearof-issueKennedy Halfin 90% silveragainst deep mirror-like surfaces. The dies arepolished frequently, and are replaced after onlya limited number of strikes. The finished Proofcoins are inspected to rigid standards, handledonly with gloves or tongs, and speciallypackaged for delivery to collectors.13

Special Mint Set coinproduced especially forcollectors, 1965-67Special Mint Set coinsBecause of a coin shortage during 1965-67, thefacilities and personnel of the United StatesMint were too busy producing regular issues forcirculation coins to prepare for and strike specialProof coins. In lieu of Proof Sets during 1965-67,the Mint carefully selected the best-qualityUncirculated coins, and then gave those coinsthe special handling, packaging and treatmentusually reserved for U.S. Proof coins.Known as “Special Mint Sets,” these unique1965-67 sets represent higher quality than theusual annual U.S. Mint Sets, and offer somecharacteristics of top-quality Proof coins.Many collectors dream of building a complete collection ofKennedy Half Dollars like the one shown here.14

Caring for Your CoinsProper handling and storage of coins is not difficult and will maintain thenatural condition (and value) of collectible coins. Appropriate care alsohelps preserve your coins for the benefit of future collectors.Handling: Coins should be held by their edges between thumb andforefinger (see picture). This willprotect coin surfaces and designsfrom fingerprints and the natural oilsin fingers or palms that can becorrosive over time. In fact, manyexperienced collectors prefer to usesoft cotton gloves when handlingtheir high-quality Uncirculated orProof coins. A wide variety of coinholders and albums is available fromLittleton for easy viewing andexamination of both sides of a coinwithout actual handling.Cleaning: Improper cleaning,more than anything else, hasharmed valuable coins. High-qualityUncirculated and Proof coins should never be cleaned, as cleaning cancause permanent loss of original mint finish and color (and permanentloss of value). Experts can easily detect a cleaned coin. Mostexperienced collectors and dealers agree that circulated coins alsoshould not be cleaned, except by experts for specific restorative orprotective purposes.Storage: High humidity, air pollution, salt air, and temperatureextremes can sometimes affect the surfaces of coins. It is best to storecoins in protective holders or albums, and to keep them in an area ofrelatively uniform temperature. As your collection becomes morevaluable, you may choose to store some or all of your coins in a safedepositbox. If you choose to keep your collection in your home, werecommend that you check with your insurance company to ensure thatyour collection is covered for its full replacement cost.Please note: The clear coin wrappers used by Littleton are sealed toprovide protection of coins during delivery, and easy identification andexamination without removal. You can store your coins in the clearwrappers, or you can remove them for placement in albums, holders, orother storage containers. When returning coins, we prefer that you keepthem in the original wrappers.Littleton’s exclusive Showpak ® packaging was designed for permanentstorage and protection of your coins, and cannot be resealed once opened.“A man may die, nations may rise and fall, but an idea lives on.”John F. Kennedy15

You’ll build nice collections withLittleton’s exclusive clubsOver the years, we’ve developed a wide variety of exclusive collectorclubs tailored to fit your individual needs. As a Club Member, you’llalways receive these special benefits…• Affordable monthly shipments to fit your budget• You see each coin FREE for 15 days before youdecide – We trust you!• There’s no obligation to purchase – EVER, andno membership fee!• Your coins are hand selected for eye appeal –you’ll get the best value for your dollar!• Each coin is delivered right to your door – so youconveniently add to your collection in the comfortof your own home.• Get FREE gifts and special collecting opportunities!• You’ll earn Profit Shares – trade them in forFREE coins, paper money, and collecting supplies!Littleton’s 45-Day Money BackGuarantee of SatisfactionYou must be completely satisfied with everypurchase you make from Littleton. If not, simplyreturn it within 45 days for a prompt exchangeor refund, whichever you prefer.To explore other Littleton Collector Clubs,call our friendly Customer Service staff at1-800-645-3122or visit us on the web atLittletonCoin.com.1309 Mt. Eustis RoadLittleton, NH 03561-3735LC-1297 11/06©2001-2006 LCC, LLC