In today’s world of digital payments and online banking, physical coins often go unnoticed. But one recent discovery has reminded collectors and everyday Americans that coins can still hold surprising value. A rare 1964 Kennedy half dollar, found in an old toolbox in a Midwestern garage, was recently appraised at over $50,000—and it could have easily gone unnoticed.
A Hidden Treasure in Grandpa’s Toolbox
Daniel Myers, 34, never expected to find anything valuable while cleaning out his late grandfather’s garage in Des Moines, Iowa. His grandfather, a WWII veteran and longtime handyman, had left behind a mess of rusted tools, old screws, and forgotten knickknacks. But tucked away in a small tin labeled “Old Coins – 1960s,” Daniel discovered something remarkable.
Inside the tin was a shiny half dollar featuring the profile of President John F. Kennedy. At first glance, it just looked like a well-kept silver coin—but it turned out to be so much more.
The $50,000 Discovery
Daniel decided to take the coin to a local coin shop to see if it was worth anything. What he learned was stunning: the coin wasn’t just any half dollar—it was an extremely rare 1964 Kennedy “Accented Hair” proof coin.
This version of the Kennedy half dollar was part of an early batch produced before the U.S. Mint changed the design in 1964. The “Accented Hair” version shows more detailed lines above Kennedy’s ear, something that Jacqueline Kennedy reportedly disliked and asked to have softened in later coins.
The real kicker? This coin was in mint condition, graded Proof 70 (PR70)—the highest grade possible on the Sheldon Scale. Only a handful of these coins exist in such pristine condition.
After being professionally graded and authenticated, the coin was valued at more than $50,000.
Why the 1964 Kennedy Half Dollar Is So Important
The Kennedy half dollar was first minted in 1964, just months after President Kennedy’s assassination. It quickly became a beloved tribute and was widely collected.
Here’s what makes this coin stand out:
- Made of 90% silver (1964 was the only year of full silver content for these coins)
- Accented Hair version was produced in small numbers and replaced quickly
- High-grade condition is extremely rare, especially after 60 years
Collectors prize the Accented Hair variety for its historical background and limited availability.
One Coin, One Life-Changing Lesson
Daniel Myers’ find is more than a lucky moment—it’s a reminder to never overlook old belongings, especially inherited ones. What looked like ordinary pocket change turned out to be a piece of American history worth tens of thousands of dollars.
“Grandpa always said, ‘Don’t throw things away without checking first,’” Daniel shared. “Now I understand what he meant.”
Rather than sell the coin right away, Daniel has decided to loan it to a local history museum, where others can view and appreciate it. After that, he plans to auction it later this year, and experts believe it could sell for even more than the initial appraisal.
Could You Have a Rare Coin Too?
If this story has you eyeing your old coin jar or piggy bank, you’re not alone. Many people have rare coins and don’t even realize it. Here’s what to look for:
- 1964 Kennedy half dollars: Look for the Accented Hair detail above the ear.
- Proof coins: These are usually shinier and more detailed, often part of special U.S. Mint sets.
- Silver content: Coins from 1964 and earlier may have high silver value.
- Unusual mint marks or errors: Missing or doubled letters can add huge value.
Never clean old coins—it can lower their value. Instead, take them to a trusted coin dealer or send them to a professional grading service like PCGS or NGC.
FAQs: Found in Grandpa’s Toolbox
Q1: What makes this Kennedy half dollar worth over $50,000?
A: It’s a 1964 Accented Hair proof, a rare version of the coin in perfect Proof 70 condition—only a few like it exist today.
Q2: Where was the coin found?
A: It was discovered in an old tin box inside a toolbox while Daniel Myers was cleaning out his grandfather’s garage in Des Moines, Iowa.
Q3: What’s next for the coin?
A: The coin will be displayed in a local museum before going to auction, where it could sell for even more than the current $50,000 valuation.
Final Thought: Look Before You Toss
The story of Daniel Myers and the Kennedy coin reminds us that every coin has a story—and sometimes, serious value. Don’t dismiss those old coins lying around your home. A small piece of metal could turn out to be a national treasure.
So next time you find yourself digging through old boxes or change jars, take a closer look. You might be holding the key to your own hidden fortune.