1954-S Franklin Half Dollar: History and Value

The 1954-S Franklin Half Dollar stands as a key issue in the mid-20th-century American coinage, showcasing both historical significance and appeal for collectors. This coin, struck at the San Francisco Mint, is a member of the popular Franklin Half Dollar series, which ran from 1948 to 1963. Designed by John R. Sinnock, the series honors one of the most influential figures in American history, Benjamin Franklin, while also paying homage to the Liberty Bell.

History of the Franklin Half Dollar

Introduced in 1948, the Franklin Half Dollar replaced the Walking Liberty Half Dollar. The coin’s obverse prominently features a portrait of Benjamin Franklin, emphasizing his contributions as a founding father, inventor, and diplomat. Franklin’s legacy made him a fitting choice for a coin design, marking a departure from depictions of Liberty or presidents on U.S. coinage.

The 1954-S Franklin Half Dollar was minted during a period of relative stability in U.S. coin production. The San Francisco Mint produced 4,993,400 of these coins, making it a moderately common issue within the series. However, its availability in higher grades makes it particularly noteworthy among collectors.

Design Details

• Obverse: The obverse features a left-facing portrait of Benjamin Franklin with the word “LIBERTY” arcing above his head and the motto “IN GOD WE TRUST” below. The date, “1954,” is located at the bottom.
• Reverse: The reverse showcases the Liberty Bell, complete with the iconic crack. The small eagle appears to the right of the bell. The inscriptions “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” frame the upper edge, while the denomination, “HALF DOLLAR,” rests along the bottom.
• Mintmark: The “S” mintmark for San Francisco is located on the reverse above the Liberty Bell, just beneath the “E” in “STATES.”

Value of the 1954-S Franklin Half Dollar

The 1954-S Franklin Half Dollar is readily available in circulated grades and lower Mint State grades, making it accessible to most collectors. However, coins in higher grades, such as MS65 or better, can command significant premiums due to their relative scarcity and eye appeal.

1. Circulated Grades (F-12 to AU-50):
   In circulated grades, the 1954-S typically sells for its intrinsic silver value, plus a modest collector premium. As of recent silver prices, this equates to around $10 to $15 per coin.
2. Mint State (MS60 to MS64):
   Uncirculated examples in lower Mint State grades range from $25 to $50, depending on luster and strike quality.
3. Gem Grades (MS65 and Above):
   High-grade examples in MS65 or MS66 can fetch $150 or more, especially if the coin exhibits Full Bell Lines (FBL). The FBL designation is awarded to coins with fully visible horizontal lines on the Liberty Bell, a feature prized by collectors.
4. Prooflike Examples:
   Some examples display a prooflike appearance, significantly increasing their value. These are rarer and highly sought after by advanced collectors.

Collecting the 1954-S Franklin Half Dollar

The 1954-S is a favorite among Franklin Half Dollar enthusiasts for its affordability and potential to achieve high-grade examples with attractive strikes. For those building a complete Franklin Half Dollar set, this coin offers an opportunity to balance cost with historical significance.

When purchasing, collectors should pay close attention to the coin’s strike and overall luster. Additionally, seeking coins with the FBL designation can add long-term value to any collection.

Conclusion

The 1954-S Franklin Half Dollar remains a cherished coin for collectors of mid-century U.S. coinage. With its historical nod to Benjamin Franklin and its status as part of a beloved series, this half dollar offers both accessibility and potential for significant value in higher grades. Whether you’re a seasoned numismatist or a casual collector, the 1954-S Franklin Half Dollar is an excellent addition to any collection.

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