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Franklin Half Dollars

Benjamin Franklin was one of the nation's most influential Founding Fathers.  A skilled negotiator, he convinced France to lend aid to the American colonists in their quest for independence from England.

During the summer of 1787, he successfully mediated disputes that threatened to derail the drafting of the U.S. Constitution.  Franklin was also a leading author and scientist of his time.

It seemed only fitting that Franklin be honored on U.S. coinage for his contributions to America.  So, in early 1947, Mint Director Nellie Tayloe Ross asked Engraver John Sinnock to design a half dollar bearing Franklin's image.

Fourteen years earlier, Sinnock had prepared a Franklin medal, and this model served as the inspiration for the obverse of the new half dollar.  The reverse featured the Liberty Bell.  Like Franklin, the famous bell was associated with the city of Philadelphia and the birth of freedom in America.
 

Franklin Half Dollar obv

Franklin Half Dollar rev

Franklin Half Dollar Specifications

Diameter:

Weight:

Minted:

Composition:

Designer:

Edge:

30.6 mm

12.50 grams

1948-1963

.100 Copper .900 Silver

John Sinnock

Reeded

Coin Photos courtesy of Ira & Larry Goldberg Coins & Collectibles, Inc., Beverly Hills, CA.

Sinnock died in May 1947, before completing his work.  The duty of finalizing the Franklin Half Dollar fell to his assistant, Gilroy Roberts.  Federal law required an eagle on every U.S. coin larger than a dime, and because Sinnock omitted the bird, Roberts stuck a tiny eagle in an open spot on the reverse.

An enlarged model of the design was sent to the Commission of Fine Arts in November 1947 for their opinion.  The Commission was not amused by the  "afterthought" eagle.  They also had an unexpected observation concerning the Liberty Bell:

The Commission are not satisfied with the model of the reverse.  The eagle shown on the model is so small as to be insignificant and hardly discernible when the model is reduced to the size of a coin.  The Commission hesitate to approve the Liberty Bell as shown with the crack in the bell visible; to show this might lead to puns and statements derogatory to United States coinage.  The Commission disapprove the designs.


The Commission recommended a public competition to find a new Franklin Half Dollar.  Since the Commission functioned in a purely advisory role, the Treasury Department opted to ignore their advice and approved the design rejected by the Commission.  The first Franklin Half Dollars were released in 1948.

The image of Miss Liberty had been a fixture on U.S. coinage since its humble beginnings in the 1790's.  The issuance of the Franklin Half Dollar completed the transition from the allegorical Liberty to a real person from history.

Franklin Half Dollars were minted for only 16 years.  The series was abruptly
ended in late 1963, following the tragic assassination of President John F. Kennedy.  Congress voted to commemorate the fallen president by placing his profile on the half dollar, bringing the Franklin Half Dollar series to a premature demise.

There really are not any true key date Franklin Half Dollars.  All dates were
coined in abundant quantities.  However, numismatists have noted that well-struck Franklins displaying clear, full horizontal lines on the Liberty Bell are quite rare, especially for certain dates.  As the years have gone by, there seems to be no let up in what collectors are willing to pay for extraordinary "FBL" examples, especially for these dates:

1953-S

1963

Be sure to buy only examples that have been certified by one of the four leading grading service companies: PCGS, NGC, IGC, or ANACS.  The "FBL" designation comes too easily for some of the other grading companies, which leads to disappointment by buyers lured by "bargain" prices.  Doing business with a dealer having a good record of customer service makes a lot of sense, too.

The left hand side of each "Sales Box" is value trend data over a very long period of time for a coin of that date in MS-65 FBL condition.  The percent annual increase is computed for comparative purposes.  The right side of the box is a link to eBay US coin auctions, that pulls all FBL Franklins of these dates in a range of conditions currently for sale.  Keep the advice in the paragraph above in mind as you sort through the offerings.

Half Cents 1793-1857

Large Cents 1793-1857

Flying Eagle Cents 1856-1858

Indian Head Cents 1859-1909

Lincoln Cents 1909-present

Two and Three Cents 1851-1889

Shield Nickels 1866-1883

Liberty Nickels 1883-1913

Buffalo Nickels 1913-1938

Jefferson Nickels 1938-present

Early Half Dimes 1792-1837

Seated Liberty Half Dimes 1837-1873

Early Dimes 1796-1837

Seated Liberty Dimes 1837-1891

Barber Dimes 1892-1916

Mercury Dimes 1916-1945

Roosevelt Dimes 1946-present

Twenty Cents 1875-1878

Early Quarters 1796-1838

Seated Liberty Quarters 1838-1891

Barber Quarters 1892-1916

Standing Liberty Quarters 1916-1930

Washington Quarters 1932-present

Early Half Dollars 1794-1839

Seated Liberty Half Dollars 1839-1891

Barber Half Dollars 1892-1915

Walking Liberty Half Dollars 1916-1947

Franklin Half Dollars 1948-1963

Kennedy Half Dollars 1964-Present

Early Dollars 1794-1804

Gobrecht Dollars 1836-1839

Seated Liberty Dollars 1840-1873

Trade Dollars 1873-1885

Morgan Dollars 1878-1921

Peace Dollars 1921-1935

Eisenhower Dollars 1971-1978

Anthony Dollars 1979-1981,1999

Sacagawea Dollars 2000-present

Presidential Dollars 2007-present

Gold Dollars 1849-1889

Early Quarter Eagles 1796-1834

Classic Head Quarter Eagles 1834-1839

Coronet Quarter Eagles 1840-1907

Indian Head Quarter Eagles 1908-1929

Three Dollar Gold 1854-1889

Early Half Eagles 1795-1834

Classic Head Half Eagles 1834-1838

Coronet Half Eagles 1839-1908

Indian Head Half Eagles 1908-1929

Early Eagles 1795-1804

Coronet Eagles 1838-1907

Indian Head Eagles 1907-1933

Coronet Double Eagles 1849-1907

St-Gaudens Double Eagles 1907-1933

Drafting the Declaration
Thomas Jefferson, standing, wisely sought the counsel of Benjamin Franklin, seated left, and John Adams, in wording the Declaration of Independence.

              Image courtesy of Library of Congress.


1953-S

Franklin Half FBL
Condition: MS-65

   

1963

Franklin Half FBL
Condition: MS-65

 

Value Trends

1985:  $1000

1995:  $475

2000:  $8000

2003:  $15000

2007:  $17500

Value Trends

1985:  $75.00

1995:  $150

2000:  $725

2003:  $725

2007:  $1500

% Annual Increase Since 1985  =

13.89%

% Annual Increase Since 1985  =

14.59%

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