In the fascinating world of numismatics, few coins capture the imagination quite like the 1958 Franklin Half Dollar. What may seem like an ordinary piece of currency to the untrained eye could potentially be a valuable treasure. This comprehensive guide will delve deep into the history, value, and allure of the 1958 Half Dollar, providing coin collectors and curious individuals alike with expert insights into this captivating piece of American history.
A Brief History of the Franklin Half Dollar
The Franklin Half Dollar, minted from 1948 to 1963, represents a unique chapter in American coinage. Designed by John R. Sinnock, these coins pay homage to one of America's most influential Founding Fathers, Benjamin Franklin.
Key Historical Points:
- Introduced in 1948 to replace the Walking Liberty Half Dollar
- Minted for only 15 years before being replaced by the Kennedy Half Dollar in 1964
- Features Benjamin Franklin on the obverse and the Liberty Bell on the reverse
- Contains 90% silver and 10% copper
The 1958 Half Dollar: A Closer Look
The year 1958 saw significant production of Franklin Half Dollars, with coins minted in both Philadelphia and Denver. Let's break down the specifics for each mint:
Philadelphia Mint (No Mint Mark)
- Mintage: 4,042,000
- Composition: 90% silver, 10% copper
- Weight: 12.5 grams
- Diameter: 30.61 mm
Denver Mint (D Mint Mark)
- Mintage: 23,962,412
- Composition: 90% silver, 10% copper
- Weight: 12.5 grams
- Diameter: 30.61 mm
Valuing the 1958 Half Dollar
The value of a 1958 Half Dollar can vary significantly based on several factors. Let's explore the potential worth across different grades and mint marks:
Philadelphia Mint (No Mint Mark)
| Grade | Value Range |
|---|---|
| Good (G-4) | $6.50 – $7.50 |
| Fine (F-12) | $7.50 – $8.50 |
| Extremely Fine (XF-40) | $9 – $11 |
| About Uncirculated (AU-50) | $11 – $13 |
| Mint State (MS-60) | $20 – $25 |
| Mint State (MS-65) | $48 – $55 |
| Mint State (MS-67) | $585 – $650+ |
Denver Mint (D Mint Mark)
| Grade | Value Range |
|---|---|
| Good (G-4) | $6.50 – $7.50 |
| Fine (F-12) | $7.50 – $8.50 |
| Extremely Fine (XF-40) | $9 – $11 |
| About Uncirculated (AU-50) | $11 – $13 |
| Mint State (MS-60) | $20 – $25 |
| Mint State (MS-65) | $47 – $55 |
| Mint State (MS-67) | $1,050 – $1,200+ |
Proof Coins (Philadelphia, No Mint Mark)
| Grade | Value Range |
|---|---|
| Proof (PR-60) | $20 – $25 |
| Proof (PR-65) | $35 – $45 |
| Proof (PR-67) | $75 – $90 |
| Proof (PR-68) | $5,000 – $6,000+ |
Note: These values are approximate and can fluctuate based on market conditions and individual coin characteristics.
Factors Affecting 1958 Half Dollar Value
Several key factors can significantly impact the value of a 1958 Half Dollar:
1. Condition (Grade)
The coin's grade is perhaps the most crucial factor in determining its value. The Sheldon Scale, which rates coins from 1 to 70 (with 70 being perfect), is used by professional grading services like PCGS and NGC.
2. Mint Mark
As seen in the value tables above, coins from different mints can vary in value due to rarity and condition. The Denver mint (D) generally produced more coins, but high-grade Denver specimens can command premium prices.
3. Full Bell Lines (FBL)
Coins with clear, unbroken horizontal lines on the Liberty Bell are highly prized by collectors. An FBL designation can sometimes double or triple a coin's value.
4. Toning
Natural, attractive toning can significantly increase a coin's value. Rainbow toning, in particular, is highly sought after by collectors.
5. Cameo Contrast (for Proof coins)
Strong contrast between the frosted design and mirrored fields adds value to proof coins. Deep Cameo or Ultra Cameo designations can command significant premiums.
Rare 1958 Half Dollar Errors and Varieties
Error coins can be highly valuable to collectors. Here are some known errors and varieties for the 1958 Half Dollar:
- Repunched Mintmark (RPM): Only on Denver coins, worth $50-$100+
- Curved Clip: A manufacturing error where part of the planchet is missing, value ranges from $60 to $200+
- Partial Collar Strike: Results in a slightly smaller diameter coin, can fetch $200-$300
- Flawed Planchet: Minor defects in the coin blank can be worth over $50
- Double Die Obverse (DDO): Very rare, can be worth $500+
The Silver Factor: Intrinsic Value
All 1958 Half Dollars contain 90% silver, giving them intrinsic value beyond their numismatic worth. At current silver prices (as of 2023), the melt value is approximately:
- Silver Content: 0.36169 troy ounces
- Melt Value: ~$8.50 (at $23.50/oz silver price)
This ensures a minimum value for even worn coins, making the 1958 Half Dollar an interesting option for both collectors and silver investors.
Notable Sales and Auction Records
Some exceptional 1958 Half Dollars have fetched astounding prices at auction:
- A 1958 MS-67+ FBL (Philadelphia) sold for $129,250 in 2019
- A 1958-D MS-67+ FBL with stunning toning realized $32,900 in 2018
- A 1958 PR-68 DCAM (Deep Cameo) sold for $32,900 in 2017
These record-breaking sales demonstrate the potential value of truly exceptional specimens.
Tips for Collectors
As a seasoned coin collector, I offer these tips for those interested in 1958 Half Dollars:
- Invest in a quality magnifying glass or loupe: This is essential for examining details like Full Bell Lines and potential errors.
- Learn to grade: Understanding the nuances of coin grading can save you money and help you spot undervalued coins.
- Handle with care: Always hold coins by their edges to avoid damaging the surfaces.
- Consider professional grading: For potentially valuable coins, third-party grading can provide authentication and protection.
- Join numismatic organizations: Groups like the American Numismatic Association offer valuable resources and networking opportunities.
Where to Buy and Sell 1958 Half Dollars
For those looking to acquire or sell 1958 Half Dollars, consider these options:
- Reputable coin dealers: Local or online dealers specializing in US coins
- Online marketplaces: Sites like eBay, but be cautious and deal with highly-rated sellers
- Coin shows and conventions: Great for in-person transactions and networking
- Auction houses: For extremely rare or valuable pieces
- Coin clubs: Local clubs often host buy/sell/trade events
Preserving Your 1958 Half Dollar
Proper storage is crucial for maintaining a coin's condition and value:
- Use non-PVC holders or albums
- Store in a cool, dry place away from direct sunlight
- Avoid cleaning coins, as improper cleaning can severely damage value
- Consider using inert gas capsules for long-term storage of valuable specimens
Conclusion: The Enduring Allure of the 1958 Half Dollar
The 1958 Franklin Half Dollar stands as a testament to America's numismatic heritage. While most circulated examples may be worth their silver content, the potential for finding a rare, high-grade, or error coin makes every 1958 Half Dollar a possible treasure.
For collectors, the 1958 Half Dollar offers a perfect blend of history, artistry, and potential value. Whether you're a seasoned numismatist or a curious beginner, the hunt for that perfect specimen can be as rewarding as the find itself.
Remember, in the world of coin collecting, knowledge is power. By understanding the intricacies of the 1958 Half Dollar, you're better equipped to spot that hidden gem that others might overlook. So, the next time you come across a 1958 Half Dollar, take a moment to examine it closely – you might just be holding a small fortune in the palm of your hand!
