Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
The 1958 Type 2 Franklin Half Dollar is worth anywhere from $12 in circulated condition to over $15,000 for high-grade specimens. This specific variety, found only on proof coins from that year, represents a fascinating transition in U.S. Mint history that can turn a common-looking coin into a valuable treasure.
| Condition / Grade | Estimated Value |
|---|---|
| Circulated (Average) | $12 – $15 |
| Uncirculated (MS63 – MS65) | $25 – $60 |
| Proof (PR67 – PR68) | $40 – $150 |
| Ultra High Grade (MS67+) | $1,000+ |
Understanding the 1958 Type 2 Franklin Half Dollar Variety
If you have discovered an old silver half dollar in your collection, you might be looking at a piece of American history. Identifying the exact variety is crucial because the distinction between a Type 1 and a Type 2 can significantly impact the final price tag. Using a top coin identifier app is often the first step collectors take to distinguish these subtle minting differences.
The “Type 2” designation refers specifically to the design of the eagle on the reverse side of the coin. In 1958, the Mint transitioned between two different styles of master dies. The Type 2 variety features a much sharper and more detailed eagle, with feathers that are clearly defined across the body and wings.
By contrast, the Type 1 (which was the standard for several years) appeared mushy or “flat” in comparison. Interestingly, for 1958, the Type 2 reverse was intended for Proof coins only. However, some of these dies were used for business strikes, making the “Type 2” on a standard circulation coin a sought-after rarity for specialized collectors. If you aren’t sure which version you have, CoinKnow can help you magnify the details of the eagle to confirm the strike type.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
The Precious Metal Value of the 1958 Franklin Half Dollar
Even if your coin isn’t a rare high-grade specimen, it still holds significant intrinsic value due to its silver content. Every 1958 Franklin Half Dollar was struck in 90% silver and 10% copper. This means that as the market price of silver fluctuates, so does the “melt value” of your coin.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
For many everyday Americans, these coins serve as a hedge against inflation. Even in heavily worn condition, a 1958 half dollar will never be worth just fifty cents. It will always command a premium based on the current spot price of silver.
Always check current market trends to see how the silver market is behaving. At current 2024 silver prices, the base value for one of these coins is roughly 25 to 30 times its face value. To help you track these fluctuations, CoinKnow provides real-time updates on bullion values for all vintage U.S. coinage.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
Determining the Grade and Condition of Your Coin
Professional grading is the process of evaluating a coin’s physical state. On a scale of 1 to 70, a coin’s grade determines its market desirability. For the 1958 Franklin, the presence of “Full Bell Lines” (FBL) on the Liberty Bell is the holy grail for collectors.
FBL refers to the horizontal lines at the bottom of the bell. If these lines are complete and uninterrupted, the coin’s value skyrockets. Most 1958 coins were struck with slightly worn dies, meaning full lines are incredibly rare. You can view 1958 Franklin Half Dollar MS price data to see how much of a premium these FBL specimens command compared to standard strikes.
| Grade | Description | FBL Value |
|---|---|---|
| MS63 | Mint State with some marks | $45 |
| MS65 | Gem Quality, very clean | $150 |
| MS66 | Exceptional luster | $450+ |
| MS67 | Almost perfect | $3,500+ |
The Difference Between Philadelphia and Denver Mints
In 1958, the Franklin Half Dollar was produced at two different mint facilities: Philadelphia (no mint mark) and Denver (marked with a small ‘D’ above the Liberty Bell). While Denver produced a much higher quantity of coins—about 23.9 million compared to Philadelphia’s 4 million—the Philadelphia strikes are often more valuable in high grades.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
The Denver coins are common in MS64 and MS65 conditions, but they often suffer from “bag marks” sustained during transport. Conversely, because fewer coins were made in Philly, finding a survivor in pristine condition is a bigger challenge for collectors today.
If you find a 1958-D with exceptionally sharp details, it might be worth a professional appraisal. You can find more detailed 1958 Franklin Half Dollar value information to compare your specific mint mark and grade against recent auction records.
Collecting Franklin Half Dollars as an Investment
Many people start their journey into numismatics by finding a single 1958 half dollar and end up building a full set. The Franklin series is relatively short (1948–1963), making it an attainable goal for hobbyists. The 1958 is considered a “middle-of-the-pack” date, but its silver content ensures it retains value.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
When investing in these coins, look for “original skin.” This refers to the natural toning a coin develops over decades in a paper roll or album. Pristine, white coins are beautiful, but an attractively toned 1958 Franklin with rainbows of blue and gold can sell for double the price of a blast-white coin.
Before buying or selling, use CoinKnow to check current auction realized prices. This prevents you from overpaying at a local coin shop or selling a rare variety below its true market potential.
| Mint Mark | Mintage | Rarity Factor |
|---|---|---|
| None (Philadelphia) | 4,042,000 | Scarce in high grade |
| D (Denver) | 23,962,412 | Very common |
| Proof (Philly) | 875,652 | Collectors only |
Frequently Asked Questions
Q: Where is the mint mark on a 1958 Franklin Half Dollar?
A: You can find the mint mark on the reverse side of the coin. Look directly above the yoke of the Liberty Bell. If there is a small “D,” it was minted in Denver. If there is no letter at all, it was minted in Philadelphia.
Q: Why is the 1958 Type 2 Franklin Half Dollar so rare?
A: The Type 2 reverse was originally intended only for Proof coins. Because the Mint occasionally reused dies for regular production, a small number of 1958 circulation coins were struck with the high-detail Proof die. Identifying these requires looking for deeper feathers on the eagle.
Your Old Coin Could Be Valuable!
Identify It & Know Its Real Value — Free Download
Q: Should I clean my 1958 Half Dollar to increase its value?
A: No! Never clean your coins. Cleaning causes microscopic scratches on the surface that professional graders can easily spot. A cleaned coin will usually lose 50% or more of its numismatic value. Collectors prefer “original condition,” even if the coin looks dark or tarnished.
Q: How much silver is in a 1958 half dollar?
A: Each coin contains 0.36169 ounces of pure silver. To find the “melt value,” multiply this weight by the current spot price of silver. This provides a baseline price that ensures your coin is always worth more than fifty cents.
Q: What is the highest price ever paid for a 1958 Franklin Half Dollar?
A: In some instances, 1958 Philadelphia strikes in MS67+ condition with Full Bell Lines have sold for over $15,000 at major auctions. These are extremely rare “condition rarities” that have been certified by companies like PCGS or NGC.