The 1959 Franklin Half Dollar is a big part of American coin history and has huge value for collectors and investors. This article explores the tiny details that define this coin’s value. It covers grading, mint variations, market demand, and more. It’s a must-read for anyone interested in coin collecting.
What Makes the 1959 Franklin Half Dollar So Valuable?
Several factors affect the value of the 1959 Franklin Half Dollar. These include its silver, history, and collector demand. This half-dollar part of the series, first issued in 1948, portrays Benjamin Franklin, designed by John R. Sinnock. The coin was struck at mints in Philadelphia and Denver, and its varying degrees of rarity add layers to its valuation.
In particular, the coin’s content comprises 90% silver, which considerably impacts its melt value. The rest of its value derives from its historical background, the condition of the coin, and the market dynamics in numismatics.
Understanding the Different Grades of the 1959 Franklin Half Dollar
The grading process is pivotal for determining a coin’s value. According to the Professional Coin Grading Service (PCGS), grades range from Poor (P-1) to Mint State (MS-70). For the 1959 Franklin Half Dollar, grade classifications like MS65 or better drastically escalated its value.
PCGS uses detailed standards to certify these coins, assessing aspects such as surface preservation, strike quality, and overall eye appeal. Higher graded coins—especially those with Full Bell Lines (FBL)—carry a premium in the market, indicative of their near-perfect condition.
How Does the Silver Content Affect the Value of the Coin?
The 1959 Franklin Half Dollar’s intrinsic value includes its silver content. Each coin contains approximately 0.36169 troy ounces of silver, a significant proportion given that it makes up 90% of the coin’s composition. As silver prices fluctuate, so does the melt value of these half dollars.
However, the coin’s numismatic value is often higher than its silver value. This is especially true for coins in higher grades or with rare attributes, such as those struck in Philadelphia or Denver with unchanged mintage.
The Significance of Different Mint Marks
The 1959 Franklin Half Dollar was minted in Philadelphia (no mint mark) and Denver (marked with a “D”). Coins from the Philadelphia Mint generally represent a more common minting, whereas the “D” mint mark can often signify a rarer variety.
Collectors tend to seek out coins from specific mints based on rarity and historical interest. For instance, the “1959-D Franklin Half Dollar” example has a mix of history, rarity, and demand. This mix could make it more valuable, depending on its condition and strike quality.
Why Are Full Bell Lines (FBL) Important?
Full Bell Lines, or FBL, is a critical grading distinction for Franklin Half Dollars. This designation by PCGS and other grading entities indicates that the lines on the Liberty Bell on the reverse of the coin are fully visible without breaks.
An FBL designation enhances a coin’s value significantly as it denotes a strong, clear strike—something collectors highly prize. Collectors and investors often seek out FBL coins for both their market value and aesthetic appeal.
Exploring the Pricing and Market Demand for the 1959 Franklin Half Dollar
The numismatic market sets the prices for the 1959 Franklin Half Dollar. It uses factors like historical sales data, current demand, and grading status. PCGS provides a comprehensive price guide that reflects recent auction results and market trends.
The pricing fluctuates; for instance, an MS65-graded 1959 Franklin Half Dollar with an FBL can command a significant premium in the market. This fluctuation illustrates the dynamic nature of coin collecting and investing, where rarity and condition are at the forefront.
How to Properly Store and Preserve Your Franklin Half-Dollar
Proper storage and preservation are paramount to maintaining the value of a 1959 Franklin Half Dollar. Store these coins in a controlled environment to avoid deterioration. Use holders, flips, or slabs designed specifically for coin storage to prevent damage.
Companies like Accurate Precious Metals provide great coin supplies. They help collectors keep their valuable coins in perfect shape. While they don’t currently offer storage services, they plan to do so in the future, providing a secure option for collectors.
The Impact of Historical Events on the Value of the Coin
Historical context often influences the value of collectible coins. The 1959 Franklin Half Dollar marks a unique period in U.S. history, embodying the economic and social dynamics of the late 1950s. Benjamin Franklin, a revolutionary and a statesman, also adds historical significance to the coin.
This historical allure, combined with the coin’s silver content and mintage quirks, heightens its desirability among collectors. Particular years, like 1959, carry additional weight due to specific historical events or lesser mintage numbers.
Insights into the Auction Market for the 1959 Franklin Half Dollar
Auctions play a significant role in determining high-value sales for the 1959 Franklin Half Dollar. Reputable auctions, like those run by Heritage Auctions and Stack’s Bowers, usually see strong interest in these coins. This is especially true for those with high PCGS grades and FBL status.
Tracking auction results and trends can provide valuable insights for potential buyers and sellers. Detailed auction records are often available through PCGS’s database. They help investors understand the market and make informed decisions.
FAQ: Common Questions about the 1959 Franklin Half-Dollar
What is the melt value of the 1959 Franklin Half Dollar?
The melt value of the 1959 Franklin Half Dollar depends on the current market price of silver. Comprising 90% silver, the coin contains approximately 0.36169 troy ounces of silver. This calculation can provide a baseline value, though numismatic value often exceeds this.
Where can I buy a 1959 Franklin Half Dollar?
For those looking to buy a 1959 Franklin Half Dollar, Accurate Precious Metals is a reliable dealer specializing in gold and silver products. They provide high-quality coin supplies and have a robust selection of coins for both new and seasoned collectors.
How does one go about grading a 1959 Franklin Half Dollar?
Grading a 1959 Franklin Half Dollar involves examining the coin for wear, strike quality, and clarity. PCGS sets the standard in coin grading and offers certifications such as MS65 or better and FBL, which bolster a coin’s value. A professional grading service provides a reliable way to certify a coin’s condition.
Why is the “1959-D” Franklin Half Dollar significant?
The “1959-D” Franklin Half Dollar, minted in Denver, often intrigues collectors due to its relative rarity compared to Philadelphia strikes. Due to their historical mintage context and robust condition, these coins can fetch higher prices, especially in higher grades or with FBL designations.
What should I look for when collecting Franklin Half Dollars?
Potential collectors of Franklin Half Dollars should consider several key factors, such as the coin’s grade, mint mark, and the presence of Full Bell Lines. Other factors matter, too. These include the coin’s historical mintage numbers and today’s market trends. Together, these factors affect a coin’s investment potential.
Summary of Key Points
- The 1959 Franklin Half Dollar is a highly valued coin due to its silver content, historical context, and collector demand.
- Grading by PCGS greatly influences the coin’s market value, with designations like MS65 and FBL being particularly notable.
- Mint marks from Philadelphia and Denver add complexity and potential value variation.
- Proper storage and preservation are crucial for maintaining the coin’s condition and value.
- Auction results and comprehensive databases like those from PCGS offer critical market insights.
Sources
Professional Coin Grading Service (PCGS). “1959 Franklin Half Dollar Price Guide.” PCGS Price Guide.