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Ben Franklin Half Dollar

ben franklin half dollar

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Ben Franklin Half Dollar
  • Silver Content – 0.36169 oz.
  • Gross Weight – 12.50 g
  • Composition – 90% silver, 10% copper
  • Coin Diameter – 30.6 mm
  • Mint Dates – 1948-1963
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Description

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OverviewThe Benjamin Franklin half dollar coin was minted from 1948-1963.  After the assassination of President John F. Kennedy, Congress passed a bill replacing the Franklin half dollar with the Kennedy half dollar in February 1964, nine years before the design would normally have been up for change.Many Franklin half dollars were melted for their silver after 1964, when the silver’s intrinsic value exceeded the face value.

DesignBenjamin Franklin is on the obverse (front) and the Liberty Bell on the reverse. A small eagle right of the bell was necessitated by law, though Franklin had opposed the selection of the eagle as the U.S. national symbol, arguing that the wild turkey is a “more noble bird.”

MintingAbout 510 million Franklin half dollars were minted from 1948-1963. Coins without a mint mark were minted in Philadelphia, those with a “D” in Denver, and those with an “S” in San Francisco. If the piece has a mint mark, it is on the reverse, above the bell yoke. Engraver John R. Sinnock’s initials are at Franklin’s shoulder on the obverse.

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Augusta does not provide legal, tax, or investment advice. The Augusta® Gold IRA is a self-directed IRA containing physical precious metals administered by a third-party custodian and stored in an approved non-government depository storage facility where investors can make an appointment to see their precious metals. The Augusta® Home Delivery™ Gold IRA is a self-directed physical precious metals IRA stored at home or in a safe deposit box. Augusta's attorneys believe that American Eagle coins may be stored at home and that all other IRA-held coins must be stored, at a minimum, in a safe deposit box at a U.S. bank. However, these attorneys believe it is wiser to store all IRA precious metals in a safe deposit box at a U.S. bank to eliminate risks associated with home storage. The IRS has not provided clear guidance on home delivery or home or safe deposit box storage of IRA precious metals. If your home delivery gold IRA is not set up properly, if you engage in a prohibited transaction (e.g., withdrawing metals before retirement to use for any other purpose), or if it is determined that home delivery or home or bank safe deposit box storage are not permitted by the IRS, you could lose your tax-exempt status and have to pay taxes and penalties. As with any investment, past performance might not predict future returns. The price of precious metals fluctuates over time and investors might lose money. It is important to consult your own legal and financial advisors before buying from Augusta.

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