The 1962 Franklin half dollar holds a value of approximately $7.77 when in worn condition. This value is based on the silver content, with silver currently priced at $23.07 per ounce as of September 11, 2023.
Unveiling the Worth of Collector and Bullion Quality Coins
Franklin half dollars can be categorized into two main types: collector quality and bullion quality. Collector quality coins fetch higher premiums and can be identified through a step-by-step process. By comparing your coin to images and accurately assessing its quality, you can determine its true value.
It is important to note that the values mentioned in the chart above are wholesale prices. You can utilize these values as a guide when presenting your coin to a dealer, helping you establish a suitable selling range.
To effectively evaluate your coin, follow the steps outlined below and record the relevant information on the Coin Values Worksheet. Pay special attention to key elements such as the date/mint and the overall condition of the coin.
Step 1: Identifying the Date and Mintmark Variety
Two Mints Involved in the Production of 1962 Half Dollars
Coins are produced by different mints, and in the case of the 1962 half dollars, they were struck at two mints: Philadelphia and Denver. The value chart includes listings for both 1962 and 1962-D, with the “D” representing the mintmark used by Denver to identify its production.
Collectors of Franklin halves are meticulous about assembling complete sets of the series, which necessitates the inclusion of the correct date and mint combinations.
To provide an accurate description of your coin, it is essential to confirm both the date and the mint.
1962-D Franklin Half Dollar
The Denver mint struck the majority of 1962 Franklin half dollars, with over 35 million coins released into circulation. As a result, these coins are relatively abundant and readily available. The value of 1962 Denver halves is based on their silver content.
On the value charts, the Denver variety is denoted as 1962-D. To identify this mintmark, carefully examine the reverse side of the coin. Just above the beam over the Liberty Bell, towards the center, you will find a small “D” indicating Denver’s production.
1962 Franklin Half Dollar
The main mint in Philadelphia was responsible for striking the 1962 Franklin halves. This particular variety is also abundant and commonly traded based on its silver content. All Franklin series halves contain 90% silver, providing a solid base value.
The condition of your coin plays a pivotal role in determining its accurate value. Step 2 will cover the grading process and other factors that can influence premiums.
To identify a 1962 Philadelphia half dollar, inspect the reverse side of the coin. Philadelphia halves struck during the 1960s do not feature a mintmark. Look under the “E” in STATES, and if the area is empty, it confirms that the coin is of the Philadelphia variety.
Step 2: Assessing the Condition Through Image Comparison
To ascertain the value of your 1962 Franklin half dollar, closely examine its condition. If the coin was collected and never entered circulation, there is the possibility of it having a premium collector value. Coins that exhibit no wear and tear on their surfaces are highly sought after by collectors today.
To determine the condition of your coin, compare its surface to images of coins in different grades. These grades are used by collectors to define the state of preservation.
- Mint State Grade
- About Uncirculated Grade
- Extremely Fine Grade
- Average Circulated Condition
For a more detailed understanding of the grading process, watch the informative video on grading Franklin half dollars provided in the link below.
[Grading Franklin Half Dollars Video](insert video link here)
Step 3: Special Factors that Affect Value
Having an understanding of the special qualities that enhance the value of your coin is crucial. While all Franklin half dollars have the built-in value of being 90% silver, some examples can rise above this base value and become highly sought after by collectors.
The surface condition of the coin is the key factor in determining its value. The examples mentioned above represent various degrees of surface preservation, resulting in visually appealing coins. Coins without distractions, such as marks or discoloration, command higher prices. Mint state coins, in particular, exhibit no nicks or abrasions and maintain a bright and vibrant luster.
On the other hand, coins with damage, corrosion, or discoloration are no longer considered collectible and fall into the category of bullion silver. Even minor scratches can significantly lower the quality and value of a coin. Collectors tend to avoid coins with poor overall appearance and distracting features.
For further references:
- U.S. Mint. “1963 U.S. Mint Annual Report.” Link to Reference
- Coin Values Worksheet [Link to Worksheet](insert worksheet link here)
- U.S. Coin Values | Mobile Guide
- Silver Coin Values | Minimum Values of U.S. Silver Coins
- Coin Values Discovery
By following these steps, you can accurately determine the value of your 1962 Franklin half dollar and gain a deeper understanding of its worth.