$\def\cH{\cal H} \def\vL{\vec L} \def\vn{\vec n}$
I would like to answer from another viewpoint. You found eigenvalues
of angular momentum components to be
${1 \over 2}\,n\hbar\ (n \in \Bbb Z)$.
Let's assume that your physical system do possess states with all these eigenvalues. It's convenient to separate integer eigenvalues from odd half-integer ones, by introducing two Hilbert spaces, $\cH_+$ and $\cH_-$, the former containing all eigenvectors with integer eigenvalues (and linear
combinations thereof), the latter eigenvectors with odd half-integer
eigenvalues. The full Hilbert space $\cH$ will be the direct sum
$$\cH = \cH_+ \oplus \cH_-.$$
Note that in general eigenspaces belonging to a given eigenvalue - say
of $L_z$ - will be many-dimensional (even infinite-dimensional) since
your physical system will possess other observables commuting with
$L_z$. But this will not harm my argument.
The reason behind my notation is the following. Define
$$R(\vn,\phi) = \exp\left(\!-{i \over \hbar}\,\phi\,\vn\cdot\vL\right)$$
where $\vn$ is a unit vector, $\phi\in[0,2\pi]$. It's natural to interpret $R$ (which is a unitary operator on $\cH$) as a rotation of angle $\phi$ around an oriented axis with unit vector $\vn$.
Let's study the action of $R(\vn,2\pi)$. When acting on an eigenvector of $L_z$ with integer eigenvalue $R(\vn,2\pi)$ leaves it invariant, whereas for odd half-integer eigenvalue the eigenvector gets multiplied by $-1$. In both cases the state (vector up to a phase factor) is unaltered, which is satisfactory. From definition of $\cH_+$, $\cH_-$, the same happens for any vector in those subspaces, and this explains subscripts $_+$, $_-$.
But if we had to consider a vector which is a linear superposition of
one of $\cH_+$ and one of $\cH_-$ we would get an unpleasant result:
the final vector would represent a different state from the initial
one. We are thus led to postulate that such superpositions do not
occur. As far as $\vL$ is concerned we are on safe ground, as these
operators leave invariant $\cH_+$ and $\cH_-$. But our assumption is
not trivial when other observables are taken into account: we are
requiring that all observables of our system leave $\cH_+$ and
$\cH_-$ invariant. This is known as a superselection rule, after Wick, Wightman, Wigner.
In simpler words, a quantum system may be born in one of two possible
kinds of states, differentiated by angular momentum eigenvalues:
either integer valued or odd half-integer valued. No internal event in
igs evolution can change this mark. (It's necessary to say "internal"
because an interaction may have that effect: think e.g. of an atom
losing an electron. Although it could be thought of as another system.)
A final note. Thinking of atoms it's usual to introduce many angular momenta. Orbital and spin, of a single electron or sum on several electrons. All of them obey the same commutation relations and are acceptable observables for the whole system, that they be constants of motion or not. But the $+$ or $-$ mark for the atom only depends on number of electrons, as each one contributes with a 1/2 spin. (I'm neglecting nuclear spin, which isn't always allowed.)