The gold plating on the outside is worth a few cents but would cost far more than that to remove.
If it's dated 1964 the underlying silver coin is worth about $5 as of 07/2009. Dated 1965-69, about $2.25. 1971 or later, 50 cents only.
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No, it's a coin that's worth 50 cents.
IT IS WORTH 50 cents
If you mean a 1998 Kennedy half dollar, the coin has no silver in it and is worth face value.
Flea market dealers sell Kennedy half dollars for a dollar or even more, but it's really only worth fifty cents. A collector will consider it a damaged coin since the US mint did not gold plate it.
The plating adds nothing to the value of the coin, but if you find someone that wants it, sell it.