1958P Franklin Half Type 2 Proof Reverse- Business Strike Coin.

I found this beautiful 58P Franklin, Type 2 roll searching halfs.

How scarce is the 58P in comparison to the more known 56?

This coin is in real nice shape- Mint State grade (IMHO)

Is this a full bell lines coin also?

What kind of premium value might this coin carry given its rarity and condition?

Thanks for any info/help!

Chuck.

 

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All due respect, but that's not correct.

The type 1 business strike is the normal reverse for all 1957 to 1963 Franklin Business strikes and is not scarce.

The Type 2 Proof Reverse is the scarce coin as it was meant to be on proofs only, not on business strikes.

Ref the below site.

http://reviews.ebay.com/1956-Proof-...-Type-1-and-Type-2_W0QQugidZ10000000006277091

 

This doesn't look FBL to me from the pic. I'm also seeing here "Breen estimated only 20% of the business strikes exhibit the type 2 reverse." (Tomaska, The Complete Guide to Franklin Half Dollars p. 92) So I hope that helps with those questions. As for premium on this coin... I wouldn't think much, but I can't be sure so I'd love to see what others think regarding monetary value.

 

Chuck, here is a link to a thread that will explain it all:

http://www.cointalk.com/t72184/

This is probably one of the best threads I have ever seen at CT.

Enjoy. TC

 

TC. Thanks for posting the link. That is an excellent thread!

 

So, we have more rarity of the type 2 reverse on 1958 business strikes and more rarity of the type 1 reverse on the 1959.

 

Ref: Direct from Mr John Wexler's Website: Wrong Die Varieties section- 2011.

"The circulation strike Franklin Half dollars from 1956 through 1963 can be found with both the Type 1 and the Type 2 reverse. The Type 2 is much scarcer than the Type 1, but that is not a surprise since they most likely originate from reused proof dies just like the Type B circulation strike Washington quarters for the same time period."


The Type 2 is the scarcer coin, not the type 1.

Thanks for all the info/help!

Chuck.

 

I don't know edited Doug is smoking, but the Type 2 is the scarce variety on the Business strikes. It is only known on 1958 and 1959 Philadelphia mint Franklins, although a member here has reported a 1957 example (I have not personally seen it).

On the Proof coins of 1956, the Type 1 is the scarce variety.

Heritage has this one very wrong, and we all know how credible Breen is.

As for the OP's coin, that appears to be a circulated AU Type 2, and attractive for what it is.

 

Well, it looks like we can agree to dis-agree.

You posted 1959 Franklins- my coin is a 1958.

Regardless of the year, I'll stay with what Mr. Wexler stated.

Thanks again for all the info/help etc.

Chuck.

 

Doug, I see no consistency in those records. They prove nothing.

 

Bill Edwards went through a lot of Franklin half dollars and estimated 20% of the 1958's were type II. He estimated 35 % of the 1959's were type II and 1 1/2 % were from a class III doubled die. I have found many 1959 type II's in dealer's stock, but these were from cut up 1959 mint sets.

 

I though the type II's were the rare too but that one looks like a type I to me? What am I missing?

 

Here is the only description I have of how Bill Edwards did his research. He with 4 others including James Johnson of Coin World started researching these varieties in 1966.

I believe his numbers are pretty good for the initial distribution as minted. 1959's distribution of varieties could easily be distorted now. Many have been melted. Dealers cut up mint sets might have had a better chance of survivng. I could believe 1959 I's are scarcer now, especially in dealer's stock.

Certainly a similiar condition exists with the the 1970 D quarter.
11.2% of circulation finds are type M (RDV-007). This is the proof artwork reverse created for the clads in 1968 but only used for proofs in part of that year. It was used for the vast majority of 1970 D's in mint sets. It now seems to be the vast majority in dealer's stock.

Incidently the II/I class III doubled die is interesting in that it was a deliberate use of a doubled die by the mint. The die was heavily buffed before first use to hide signs of doubling.

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I'll take the noted Franklin experts over Breen any day.

 

Reminds me of the variety on quarters used with Proof dies on business strikes.