The 1958 Franklin Half Dollar, a silver coin minted in Philadelphia and Denver, holds significant value for collectors and investors alike. Struck during the period when the U.S. produced silver coins, it offers both historical and material value. But how much is this 1958 half-dollar worth today?
Let’s dive into the specifics of its value, the factors that influence its price, and how its condition affects its worth.
Overview of the 1958 Half-Dollar
The 1958 Franklin Half Dollar is made of 90% silver and 10% copper, with a silver weight of approximately 0.3617 ounces.
This makes its melt value closely tied to the current price of silver. As of 2024, the melt value of a 1958 half-dollar is around $11.44 due to the intrinsic value of its silver content.
However, the coin’s collectible value can exceed its melt value, depending on its condition, mintmark, and whether it’s a proof coin. Here’s a breakdown of the different varieties:
| Coin Type | Mintage | Value (Very Fine Condition) | Proof Coin Value |
|---|---|---|---|
| 1958 Philadelphia (No Mint) | 4,042,000 | $11 | $50 |
| 1958-D Denver (D Mintmark) | 23,962,412 | $11 | N/A |
| 1958 Proof (No Mint) | 875,652 | $50 | $50+ |
Factors Influencing the 1958 Half-Dollar’s Value
1. Mint Location
The 1958 half-dollar was minted at two U.S. Mints—Philadelphia and Denver. Coins struck at the Denver Mint bear a “D” mintmark on the reverse side above the Liberty Bell, while those minted in Philadelphia lack a mintmark. The coins from both mints are considered common, but Denver minted nearly 24 million coins, making them slightly more available than their Philadelphia counterparts.
2. Condition
Coin grading significantly impacts the value of a 1958 half-dollar. Grading ranges from “Poor” to “Mint State,” with higher-graded coins fetching significantly higher prices. Here are the general values based on condition:
- Mint State (MS 60 or higher): These coins are in pristine condition with no signs of wear, showing their original luster. Such coins can fetch between $25 and $60, depending on the specifics of their grade.
- About Uncirculated: These coins show only slight wear, often valued around $14 to $20.
- Circulated (Very Fine to Extremely Fine): For coins that have been used but still maintain good detail, values range between $10 and $15.
For proof coins, which were specially struck for collectors, prices range between $42 and $52, depending on the coin’s appearance and any additional designations like cameo or deep cameo, which further enhance its value.
3. Rarity and Demand
Although 1958 Franklin Half Dollars are relatively common, certain factors—such as rarity, collector demand, and market conditions—can influence their value. Coins with strong, intact features like the Full Bell Lines (FBL), which refers to the sharpness of the Liberty Bell design on the coin’s reverse, can command prices between $30 and $200.
Grading and Evaluating a 1958 Half-Dollar
To accurately assess the value of a 1958 half-dollar, collectors often refer to professional grading services such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). These services grade coins on a scale from 1 to 70, with 70 being a perfect coin. Here’s how grading affects value:
- Mint State (MS 65 or higher): High-grade coins with sharp details and full luster can sell for $60 or more.
- Extremely Fine (XF 45): Coins in this condition may have slight wear but still showcase a good level of detail, fetching around $15 to $20.
- Very Fine (VF 20): Heavily circulated coins with noticeable wear but still identifiable details are valued at around $11 to $14.
Collecting and Investing in Franklin Half Dollars
While many collectors appreciate the 1958 Franklin Half Dollar for its design and historical significance, it also holds investment potential. As a silver coin, its value is protected by its intrinsic metal content. However, collectors looking to invest should focus on high-grade or proof coins, which are less common and more desirable.
Conclusion
The 1958 Franklin Half Dollar is an intriguing coin for both collectors and investors, offering a combination of historical significance and tangible value. While its melt value provides a solid base, its collectible value can be significantly higher depending on its condition, mintmark, and whether it’s a proof coin.
As with any collectible, understanding the factors that influence its value—such as rarity, condition, and historical context—is essential for making informed decisions.
FAQs
1. What is the melt value of a 1958 half-dollar?
The melt value of the 1958 half-dollar, based on its 90% silver content, is approximately $11.44 as of 2024, depending on the current silver price.
2. How can I determine if my 1958 half-dollar is from Philadelphia or Denver?
Look for the mintmark on the reverse side of the coin, above the Liberty Bell. If there’s a “D,” it’s from the Denver Mint. If there’s no mintmark, it was minted in Philadelphia.
3. What’s the difference between a circulated and an uncirculated 1958 half-dollar?
A circulated coin has been used in transactions and shows signs of wear, while an uncirculated coin remains in pristine condition with no wear, retaining its original mint luster.
4. What is the value of a 1958 proof half-dollar?
Proof versions of the 1958 half-dollar are more valuable, with prices typically ranging between $42 and $52, depending on their condition and appearance.
5. Are Franklin Half Dollars good for investment?
Yes, Franklin Half Dollars can be a good investment, especially if you focus on high-grade, uncirculated coins or proof coins, which tend to hold and increase in value over time.
References
- CoinTrackers, “1958 Ben Franklin Half Dollar Value”
- CoinStudy, “1958 Franklin Half Dollar Value”
- CoinValues, “1958 Franklin Half Dollar Values and Prices”
- U.S. Gold Bureau, “How Much Is a 1958 Half-Dollar Worth?”
