The 1951 Franklin Half Dollar Proof holds a special place in the hearts of coin collectors due to its striking design, historical significance, and relatively low mintage compared to other years in the series. The Franklin Half Dollar, minted from 1948 to 1963, was the first U.S. coin to feature a non-royal figure—Benjamin Franklin—which was a significant change in American numismatic history. The 1951 Proof issue, in particular, offers collectors a glimpse into the high-quality coinage of the era and remains a prized item for enthusiasts.
In this article, we will dive into the features, history, and collectability of the 1951 Franklin Half Dollar Proof, as well as offer tips for collectors seeking to add one of these coins to their collection.
The Design of the Franklin Half Dollar
The Franklin Half Dollar was designed by John R. Sinnock, who also designed the Roosevelt Dime. The obverse (front) of the coin features a bust of Benjamin Franklin, the renowned founding father of the United States, and is one of the most iconic depictions of Franklin in American coinage. Surrounding the bust are the words “LIBERTY” and “IN GOD WE TRUST”, while the date “1951” is located just below Franklin’s chin.
On the reverse of the coin, the Liberty Bell is prominently featured, with a small flying eagle in the center. The design symbolizes Franklin’s contributions to American independence and liberty. The reverse also displays the inscriptions “UNITED STATES OF AMERICA”, “E PLURIBUS UNUM”, and “HALF DOLLAR”.
Mintage and Rarity of the 1951 Franklin Half Dollar Proof
The 1951 Franklin Half Dollar Proof was struck in relatively small quantities, contributing to its appeal among collectors. Unlike business-strike coins, which were produced for everyday circulation, Proof coins are specially struck using polished dies and are intended for collectors. These coins are known for their sharp details, mirror-like finishes, and impeccable quality.
In 1951, the United States Mint produced 51,386 Proof Franklin Half Dollars, a much lower mintage than the 1951 business-strike coins, which were made in the millions. This limited mintage has made the 1951 Proof a sought-after piece for numismatists and those interested in the history of U.S. coinage.
Quality and Characteristics of the 1951 Franklin Half Dollar Proof
The 1951 Franklin Half Dollar Proof is known for its exceptional quality. As a proof coin, it was struck multiple times with polished dies and blank planchets, resulting in a mirror-like finish that contrasts with the frosted design elements. This stunning visual effect makes the coin highly desirable for collectors, as the intricate details on Franklin’s face and the Liberty Bell are clearly defined.
The coin is composed of 90% silver and 10% copper, which was standard for U.S. half dollars at the time. In terms of its size, the 1951 Franklin Half Dollar Proof has a diameter of 30.6 mm and weighs 12.5 grams.
Collecting the 1951 Franklin Half Dollar Proof
The 1951 Franklin Half Dollar Proof is considered a key date in the Franklin Half Dollar series due to its relatively low mintage and the historical significance of the Franklin design. Collectors often seek to obtain this coin as part of a complete set of Franklin Half Dollars, which ran from 1948 to 1963.
When purchasing a 1951 Franklin Half Dollar Proof, collectors should focus on the following factors:
1. Condition:
The condition of the coin plays a significant role in determining its value. As with all Proof coins, the 1951 Franklin Half Dollar Proof is most valuable in PR65 or higher grades, with PR68 and PR69 examples commanding the highest prices. Coins in prooflike condition or those that exhibit blemishes or toning may be less valuable.
2. Original Packaging:
Many collectors value coins that come with their original government-issued packaging, including the original mint box or certificate of authenticity. These items can significantly increase the coin’s value.
3. Pricing:
The price of a 1951 Franklin Half Dollar Proof varies based on its condition and whether it comes with original packaging. In general, the 1951 Proof can range from $50 to several hundred dollars, with higher-grade examples or those in pristine condition reaching prices of $1,000 or more.
Conclusion
The 1951 Franklin Half Dollar Proof is a beautiful and historic coin that holds significant appeal for collectors. With its low mintage, exceptional quality, and iconic design featuring Benjamin Franklin and the Liberty Bell, this coin is a highlight for those building a collection of U.S. coins. Whether you’re an experienced numismatist or just beginning your collecting journey, the 1951 Proof Franklin Half Dollar offers both beauty and history.
As with any rare and valuable coin, it’s important to carefully examine the condition, provenance, and authenticity of the piece before making a purchase. The 1951 Franklin Half Dollar Proof remains a cherished item for those who appreciate the artistry and history of U.S. coinage.
FAQs
1. What is the mintage of the 1951 Franklin Half Dollar Proof?
The 1951 Franklin Half Dollar Proof had a mintage of 51,386 coins, making it a relatively limited issue and highly collectible.
2. What is the value of a 1951 Franklin Half Dollar Proof?
The value varies depending on the coin’s condition, with coins in PR65 or higher grades reaching prices between $50 to several hundred dollars. Higher-grade examples can command even more.
3. How can I determine the authenticity of a 1951 Franklin Half Dollar Proof?
It’s important to purchase coins from reputable dealers or get them graded by a third-party service, such as PCGS or NGC, to ensure authenticity.