Coinflation: Silver Franklin half dollar intrinsic value and coin price
 
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1948-1963 Franklin Silver Half Dollar Melt Value

1948 - 1963 Silver Franklin Half Dollar Value (United States)

U.S. MINT SPECIFICATIONS
Denomination:$0.50
Obverse Image:Benjamin Franklin; leading author, politician, printer, scientist, philosopher, publisher, inventor, civic activist, and diplomat.
Reverse Image:Liberty Bell with a small eagle.
Metal Composition:90% silver, 10% copper
Total Weight:12.5 grams
Comments:A small eagle to the right of the bell was necessitated by law; ironically, Franklin himself had opposed the selection of the eagle as the US national symbol, preferring the turkey as a "more noble bird". [ ? ]



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CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
 $16.80  =silver price / ounce on May 09, 2008.
.90  =silver %
 $3.7533  =copper price / pound on May 09, 2008.
.10  =copper %
12.5  =total weight in grams
.0321507466  =ounce/gram conversion factor
.00220462262  =pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.



1. Calculate 90% silver value :

    (16.80 × .0321507466 × 12.5 × .90)  =  $6.0764911074


$6.0764 is the rounded silver value for the 1948-1963 silver Franklin half dollar on May 09, 2008. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.



2. Calculate 10% copper value :

    (3.7533 × .00220462262 × 12.5 × .10)  =  $0.0103431


3. Add the two together :

    $6.0764911074 + $0.0103431 = $6.0868342074




$6.0868342074 is the total melt value for the 1948-1963 silver Franklin half dollar on May 09, 2008.



  ← Calculate coin worth using your own quantity and silver price values.


MINTAGE AND COLLECTIBLE VALUE (USD)
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).

YearMintageNumismatic Value Range
19483,006,814$7.00 - $210.00
1948 D4,028,600$7.00 - $300.00
19495,614,000$7.00 - $290.00
1949 D4,120,600$9.00 - $500.00
1949 S3,744,000$9.00 - $600.00
19507,742,123$7.00 - $210.00
1950 D8,031,600$8.00 - $900.00
195116,802,102$7.00 - $300.00
1951 D9,475,200$7.00 - $600.00
1951 S13,696,000$7.00 - $600.00
195221,192,093$7.00 - $300.00
1952 D25,395,600$7.00 - $400.00
1952 S5,526,000$10.00 - $1100.00
19532,796,920$11.00 - $900.00
1953 D20,900,400$7.00 - $300.00
1953 S4,148,000$9.00 - $2000.00
195413,188,203$7.00 - $300.00
1954 D25,445,580$7.00 - $300.00
1954 S4,993,400$8.00 - $500.00
19552,876,381$20.00 - $400.00
1955 Bugs Bunnyunknown$20.00 - $850.00
19564,032,000$7.00 - $200.00
19575,114,000$7.00 - $150.00
1957 D19,996,850$7.00 - $100.00
19584,042,000$7.00 - $120.00
1958 D23,962,412$7.00 - $100.00
19596,200,000$7.00 - $300.00
1959 D13,053,750$7.00 - $250.00
19606,024,000$7.00 - $350.00
1960 D18,215,812$7.00 - $500.00
19618,290,000$7.00 - $800.00
1961 D20,276,442$7.00 - $800.00
19629,714,000$7.00 - $1500.00
1962 D35,473,281$7.00 - $700.00
196322,164,000$7.00 - $500.00
1963 D67,069,292$7.00 - $200.00

If you think a coin should be added/subtracted, please send an email.
If you're interested in learning more about grading coins, Photograde is an excellent resource.


EBAY AUCTIONS - SILVER FRANKLIN HALF DOLLARS ONLY
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

View all silver Franklin half dollar auctions or those with the least time left (below).



CHARTS
Long-term metal price charts for the Franklin half dollar:

     [Most Recent Quotes from www.kitco.com]      [Most Recent Quotes from www.kitco.com]






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