Within one month after President John F. Kennedy was assassinated, Congress gave its approval for coins to be minted for circulation bearing his likeness. Jacqueline Kennedy, the widow of the assassinated president, had said she wanted her husband to be depicted on the half dollar because she did not wish to have the image of her husband replacing that of Washington on the quarter dollar. President Johnson, who had succeeded Kennedy, gave his endorsement.
The 1964 Kennedy Half Dollar first went into circulation in January 1964. Although the coins were released, most immediately went into the hands of collectors or hoarders eager for a memento to the fallen president. Some banks initially limited customers to a maximum of 40 coins. This measure was put in place to prevent hoarding by collectors, yet more than 70,000 coins disappeared from circulation the first day.
By November of 1964, nearly 160,000,000 coins had been minted, yet they were still almost never seen in circulation. Eventually, so many of these coins were being produced that the stock of silver in the treasury was becoming depleted.

Over time, the coin has been changed to lower silver content and eventually copper nickel clad composition, along with a few modifications to the design. Nonetheless, the coin has remained very popular with collectors and the public alike. More than one billion examples of the Kennedy Half Dollar have been struck in the past nearly five decades, yet the number of them in circulation remains very low as people still collect them instead of using them as currency.


