The 1956 Franklin Half Dollar is much more than just a piece of currency; it’s a significant part of American history and a beloved item for coin collectors worldwide. This article delves deep into the mystique of the 1956 Franklin Half Dollar, providing insights into its value, rarity, and unique aspects. Are you an experienced coin collector or a beginner looking to invest? This detailed guide will tell you all you need to know about this historic silver coin.
Why is the 1956 Franklin Half Dollar Considered Special?
The 1956 Franklin Half Dollar stands out for multiple reasons. First, it’s part of the iconic Franklin Half Dollar series minted by the United States Mint between 1948 and 1963. This coin features an image of Benjamin Franklin on the obverse and the Liberty Bell on the reverse, combining American history and numismatic value in one compact package. The coin’s composition, which includes silver, brings additional value for bullion enthusiasts.
Experts at the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Company (NGC) have also graded this coin. They certify its condition. This significantly affects its market value. Collectors value these authenticating bodies for their rigorous standards and reliability.
What are the Key Features of the 1956 Franklin Half Dollar?
The obverse of the 1956 Franklin Half Dollar displays a portrait of Benjamin Franklin, designed by John R. Sinnock. This site also bears the inscription “Liberty” and the year “1956”. The reverse showcases the Liberty Bell with a small eagle, adhering to the U.S. law requiring that half dollars depict an eagle on the reverse.
The coin’s specifications include a diameter of 30.61 mm, a weight of 12.50 grams, and it is made of 90% silver and 10% copper. These features make the coin particularly appealing to both numismatists and bullion investors.
How Does Grading Impact the Value of a 1956 Franklin Half Dollar?
Grading significantly influences the value of any rare coin, including the 1956 Franklin Half Dollar. Certified by respected entities like PCGS and NGC, the coin’s grade can range from M.S. (Mint State) 60 or better up to MS 65 or better. Higher grades typically command higher prices, as they indicate better preservation and fewer imperfections.
Mint State coins are particularly sought after by collectors and investors. For instance, a 1956 Franklin Half Dollar graded MS 65 by PCGS can fetch a significantly higher price compared to lower-graded coins.
What Makes the 1956 Franklin Half Dollar a Collector’s Favorite?
Collectors prize the 1956 Franklin Half Dollar not just for its silver content but also for its historical significance and design. Additionally, the mintage numbers add to its collectibility. The 1956 issue saw a high mintage, but many high-grade examples still survive, making it accessible for collectors at various levels.
The coin is connected to Benjamin Franklin, a key figure in American history. It has beautiful design elements, including the Liberty Bell and eagle on the reverse, making it an attractive piece for enthusiasts. Thanks to such detailed design and historical relevance, this coin continues to be a collector’s favorite.
Where Can You Purchase a 1956 Franklin Half Dollar?
If you’re looking to purchase a 1956 Franklin Half Dollar, Accurate Precious Metals offers a wide range of rare coins. They currently offer free shipping only if the order is large. However, they are known for their quality products and reasonable pricing.
Always check reliable sources and verify the certifications by PCGS or another reputable agency before making a purchase. This will ensure that you are getting a genuine coin and not a replica or tampered item.
Why Should Investors Consider the 1956 Franklin Half Dollar for Their Portfolio?
For investors, the 1956 Franklin Half Dollar provides a dual benefit: numismatic and bullion value. Its silver content makes it a hedge against inflation, while its historical and collectible value can be appreciated over time. This makes it a versatile addition to any investment portfolio.
Additionally, with growing interest in rare coins, the demand and value for well-preserved Franklin Half Dollars have been on the rise. Investors looking for long-term gains might find this coin an appealing option.
What are the Varieties and Errors for the 1956 Franklin Half Dollar?
The 1956 Franklin Half Dollar has a known die variety known as the “Type 2” reverse. This version features more sharply defined eagle feathers on the reverse. Coins with this specific die variety often command a premium due to their relative rarity.
Another intriguing aspect is error coins. While rare, finding an error from the 1956 minting can elevate a coin’s value significantly, making it a cornerstone example in any collection.
How to Properly Store and Maintain Your 1956 Franklin Half-Dollar?
Proper storage is crucial to maintaining the value and condition of your 1956 Franklin Half Dollar. Store the coin in a cool, dry place, preferably in a protective holder or case. Avoid touching the coin directly with your hands to prevent oils and dirt from tarnishing its surface.
Accurate Precious Metals is expected to offer storage solutions in the future. This will make it easy for collectors and investors to store their valuable coins securely. Until then, ensure that your storage solutions are optimal to preserve the coin’s condition.
FAQs About the 1956 Franklin Half Dollar
What is the Current Market Value of a 1956 Franklin Half Dollar?
The current market value of a 1956 Franklin Half Dollar varies widely based on its grade, condition, and whether it is a proof or uncirculated piece. Price guides provide a basic estimate, but for an accurate appraisal, consult with experts or certified appraisers.
Is the 1956 Franklin Half Dollar a Good Investment?
Yes, the 1956 Franklin Half Dollar can be a good investment due to its silver content and historical value. The market for rare and collectible coins is relatively stable, and well-preserved coins often increase in value over time.
How Can You Authenticate a 1956 Franklin Half Dollar?
Authenticating a 1956 Franklin Half Dollar involves checking its certification by reputable grading services like PCGS or NGC. These certifications verify the coin’s authenticity and grade. Look for these certifications when purchasing to avoid counterfeit coins.
What are the Historical Highlights of the Franklin Half Dollar Series?
The Franklin Half Dollar series, minted from 1948 to 1963, honors Benjamin Franklin. John R. Sinnock designed the coin, and it was the first U.S. coin to feature a non-president on the obverse and the Liberty Bell on the reverse. Its relatively short mintage period makes it an interesting series for collectors.
Can You Find the 1956 Franklin Half Dollar in Circulation Today?
Due to its collectible value and silver content, a 1956 Franklin Half Dollar is unlikely to be found in everyday circulation today. Collectors or investors hold most existing coins. To obtain one, consider buying from reputable dealers like Accurate Precious Metals.
Key Takeaways
- The 1956 Franklin Half Dollar is a significant numismatic and bullion asset.
- Grading by PCGS and NGC can significantly affect the coin’s market value.
- Accurate Precious Metals is a reliable source for purchasing a genuine 1956 Franklin Half Dollar.
- Proper storage and handling are crucial to maintain the coin’s value.
- Investing in the 1956 Franklin Half Dollar offers potential long-term gains due to its historical and silver content.
Sources
United States Mint. “Franklin Half Dollar.” United States Mint, https://www.usmint.gov/learn/
PCGS. “1956 Franklin Half Dollar Value.” Professional Coin Grading Service, https://www.pcgs.com/coinfacts