In today’s digital world, where physical coins are often dismissed as spare change, a remarkable discovery has sparked new excitement in the world of rare coin collecting. Hidden inside an old toolbox in a Midwestern garage, a 1964 Kennedy half dollar was found in pristine condition—later valued at over $50,000. Here’s the incredible story behind one of the most iconic and valuable American coins ever uncovered.
A Hidden Gem in a Dusty Toolbox
While clearing out his late grandfather’s garage in Des Moines, Iowa, 34-year-old Daniel Myers stumbled upon a tin labeled “Old Coins – 1960s.” Amid rusted bolts and forgotten tools, the small container revealed a handful of old pennies, nickels, and one shining silver coin that immediately caught his eye—a 1964 Kennedy half dollar.
The coin looked unusually well-preserved. Curious, Daniel decided to visit a local coin dealer. What he didn’t expect was to be told that the coin was worth more than most people’s yearly salary.
The Coin That Took Collectors by Surprise
The 1964 Kennedy half dollar was not just any coin. Upon expert inspection, it was identified as the rare “Accented Hair” variety—a short-run design with more pronounced hair detail above President Kennedy’s ear. This particular version was part of an early batch of proofs released before the Mint revised the design, reportedly at the request of Jacqueline Kennedy.
Even more impressively, the coin was struck in 90% silver and graded as Proof 70 (PR70)—the highest possible grade on the Sheldon scale. Coins in such immaculate condition are incredibly rare, and only a handful of “Accented Hair” proof coins are known to exist in this grade.
After professional authentication and certification, Daniel’s coin was appraised at over $50,000.
Why the 1964 Kennedy Half Dollar Is So Valuable
Introduced just months after President John F. Kennedy’s assassination, the 1964 Kennedy half dollar was both a national tribute and a historic memento. Its significance was not just emotional—it was also the last regularly circulated half dollar to contain 90% silver, making it a collector’s favorite.
The “Accented Hair” variety adds a unique twist. It’s believed that fewer than 5% of all 1964 proof Kennedy halves were minted with this design, increasing their rarity and demand among serious numismatists.
What Happens Next for the $50,000 Coin?
Rather than rush to sell it, Daniel decided to loan the coin to a local history museum so the public could appreciate its story. Later this year, the coin will go to auction, where collectors are already lining up with offers expected to surpass the initial appraisal.
Daniel shared, “My grandpa always told me to check things carefully before throwing them away. Now I know why.”
A Lesson for Coin Collectors and Curious Finders
This incredible discovery is more than just a lucky break—it’s a reminder that treasures can be hiding in plain sight. Whether you’re a casual collector or simply cleaning out a relative’s attic, this story teaches us all a few important lessons:
1. Always Check Old Containers
Coins found in drawers, jars, and toolboxes might hold significant historical or monetary value. Don’t toss them without a closer look.
2. Know What to Look For
Rare coin varieties—like the 1964 Accented Hair Kennedy half dollar—often differ by subtle details. A bit of research can uncover a fortune.
3. Get Coins Professionally Graded
Grading not only confirms authenticity but also maximizes a coin’s value when it goes to auction or sale.
Frequently Asked Questions (FAQs)
FAQ 1: What makes this Kennedy coin worth over $50,000?
It’s a rare 1964 “Accented Hair” proof Kennedy half dollar, struck in 90% silver and graded as Proof 70. Its pristine condition and limited mintage significantly increase its value.
FAQ 2: Where was the coin found?
It was discovered in an old toolbox inside a garage in Des Moines, Iowa, while a grandson was cleaning out his late grandfather’s belongings.
FAQ 3: What will happen to the coin now?
The coin is currently on loan to a local museum and will later be auctioned. Experts predict it could sell for even more than its current $50,000 valuation.
Final Thoughts
The story of the $50,000 Kennedy coin is a perfect example of how history, craftsmanship, and a little luck can come together to create something extraordinary. Coins like these are more than collectibles—they are tangible pieces of America’s past. So, if you’ve inherited a coin collection or stumbled upon an old stash, don’t overlook what might be hiding there. You could be holding a valuable piece of history in the palm of your hand.