The 1960 Franklin Half Dollar is a unique piece of American history cherished by collectors and investors. With a silver content and intriguing background, this coin has captivated people for years. In this guide, we’ll explore the coin’s composition, mintage, errors, and value – everything you need to decide if the 1960 Franklin Half Dollar should be part of your collection.
Composition and Features of the 1960 Franklin Half Dollar
The 1960 Franklin Half Dollar, minted by the United States Mint, is composed of 90% silver and 10% copper, weighing 12.5 grams with a diameter of 30.6 millimeters. Benjamin Franklin, a founding father known for his contributions to science and diplomacy, is honored on the coin’s obverse.
The reverse features the Liberty Bell, representing American freedom and strength, along with a small eagle to meet U.S. coinage requirements.
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Key Features of the 1960 Franklin Half Dollar:
- Face Value: 50 cents
- Weight: 12.5 grams
- Diameter: 30.61 mm
- Silver Weight: 0.36169 troy ounces
Historical Background: Franklin’s Portrait and Controversies
The portrait of Benjamin Franklin was the brainchild of Mint Director Nellie Taloe Ross, who was passionate about honoring the statesman. However, Franklin himself preferred proverbs over portraits, believing coins should inspire rather than idolize. Additionally, he felt the turkey, not the eagle, was more representative of American virtues – a humorous yet iconic view that still brings this coin to life in history.
John R. Sinnock, the coin’s designer, included his initials “JRS” on the design, which led to brief speculation about a tribute to Soviet leader Joseph Stalin, though this theory was unfounded.
1960 Franklin Half Dollar Varieties and Mint Locations
The 1960 Franklin Half Dollar was minted in two primary locations: Denver (D) and Philadelphia (no mint mark). A third variety, the 1960 Proof Franklin Half Dollar, was also minted in Philadelphia and was produced with higher detail for collectors.
| Variety | Mint Location | Mintage |
|---|---|---|
| 1960 D Franklin Half Dollar | Denver | 18,215,812 |
| 1960 P Franklin Half Dollar | Philadelphia | 6,024,000 |
| 1960 Proof Franklin Half Dollar | Philadelphia | 1,691,602 |
Each variety has unique qualities, particularly in terms of value and condition.
1960 Franklin Half Dollar Values and Market Prices
The value of a 1960 Franklin Half Dollar largely depends on its condition, variety, and any unique mint errors. Here’s a breakdown:
- Circulated Coins: Generally range from $8.75 to $11.25.
- Uncirculated Coins: Significantly higher, especially if they feature “Full Bell Lines” (FBL), indicating an exceptionally detailed strike.
- Proof Coins: Starting around $24 but can go much higher, especially if they have a “cameo” effect.
Melt Value: Approximately $7.90, fluctuating based on the current silver market.
Valuable 1960 Franklin Half Dollar Mint Errors
Errors and minting variations can significantly enhance a coin’s value. Here are some notable errors for the 1960 Franklin Half Dollar:
- Strike-Through Errors: Occur when foreign objects come between the die and the coin, leaving unique markings.
- Doubled Die Errors: Happen when the die impresses the design twice, resulting in a slight doubling visible with a magnifying glass.
- Lamination Errors: Appear when impurities in the metal cause flaking or peeling, creating a one-of-a-kind coin appearance.
Grading System and Condition Evaluation
Grading is essential for determining a coin’s value and uses a 1-70 scale established by professional numismatists. Here’s a quick look at common grades:
- Poor (P-1): Barely identifiable.
- Very Good (VG-8): Primary features are faintly visible.
- Extremely Fine (EF-40): Moderate wear with most details intact.
- Mint State (MS-60 and above): Uncirculated coins with minimal marks and full luster.
Coins with “Full Bell Lines” (FBL) on Franklin’s image are particularly prized, commanding higher premiums in the market.
Buying and Selling the 1960 Franklin Half Dollar
To buy or sell a 1960 Franklin Half Dollar, several options are available:
- Online Marketplaces: Sites like eBay, Amazon, and Etsy often have various listings, from circulated coins to high-grade collectibles.
- Specialty Coin Websites: Platforms like Grey Sheet and USA Coin Book focus on numismatic items and offer more targeted selections.
- Local Coin Shops and Pawn Shops: These are good places to sell or buy coins in person.
- Auction Houses: Heritage Auctions and Stack’s Bowers are two reputable auction houses for rare coin transactions.
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Conclusion
The 1960 Franklin Half Dollar is more than just a piece of currency; it’s a slice of history with a fascinating backstory and significant collectible value. Whether you’re a new collector or an experienced investor, understanding the different varieties, market values, and unique errors of this coin can help you make an informed decision.