Featured What You Need To Know about the Type II Reverse Franklin

I agree - type II.

 

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Thanks! The 1958 Type 2 has alluded me for a long time so happy to hear that I have finally found one. TC

 

For what it is worth - I have been following Teletrade offerings. So far on the 1958 it is 13 type I versus 0 type 2's. However, I understand that some spectacular TPG type II's exist.

Bill Edwards, who studied this series decads ago, said 1958 type II's were 20% of the mintage.

 

I have seen a few 1958s on Teletrade, but they were all rainbow toned and bid up very high (and well beyond what I would pay). I have been trying to cherrypick the Type II variety for a couple of years now. I have found many 1959s but not a single 1958 (until the one I posted above #39 came along). You guys are the experts but it seems to me that 20% might be an overestimate. I am just glad I can finally add one to my collection. TC

 

Definitely Type II

 

I have found two raw 1958 Unc Type II's so far. Do you think they are that tough to get?

 

I don't think so. But I should not be considered the expert here. I found the very few I needed many years ago without much trouble.

I also grabbed quite a few 1959 doubled die. These are all from one die. So finding a product of a particular Philadelphia die in that Franklin era of 1953 -1960 did not seem too difficult.

 

Hi, I really enjoyed your information on the 1958 Franklin Strong Eagle. I have a question. I have recently acquired just such a coin (I think.) There is an OBVIOUS die crack right above the 'Eaglet' to the bottom of the yoke. What can you tell me about this coin, it's possible grade/value or whatever else? I may be willing to let it go, as I do not collect such pieces. I will insert an image for reference. Thanks in Advance, a fellow Charlestonian - now in Tuscaloosa, Alabama (what is left of it, that is.) DeepStrike!

 

I'll stick my neck out there. The pictures are a little difficult as the obverse is blurry to me and I can't tell much bell detail on the full reverse pic. However, from what I see, it looks to be pretty clean. A rough, rough guess from the pics would say MS 64. I would like to see luster booming and screaming at me for 65 and above, but that is just me. As for value...sort of depends on what silver is at the moment. I would imagine somewhere around the 18 dollar mark sounds about right to me. I don't think many dealers care for the specifications of this variety, so I doubt you'll get any sort of premium for it, but I'm not a dealer, so don't take my word for it. Mintage for the year and mint mark are fairly plentiful so, again, dealers will probably see this as a "fairly common" coin. Well, those are just a causual collector's observations.

Oh, and welcome to the forum! Great community and I'm sure you'll love it here. Wishing you well from Mobile!

 

The 1958 type II half comes with many variations of dir cracks. Yours is one of the known ones. There are also some with the spaces between the letters of E PLURIBUS UNUM filled in.

 

I looks to me like there is some serious doubling of "E PLURIBUS UNUM"

 

It is most likely machine doubling on the 1958. I have never heard of a DDR for 1958 (only 1959). TC

 

Welcome to CT! :welcome: Nice looking coin. I like the die crack. I will say MS64 (maybe MS65) no FBL. As far as value goes, it really depends on the audience. It is a relatively low mintage issue but likely worth spot silver ($14) or slightly above ($20) depending on the grade. To a variety collector, however, it might carry a premium ($25+). TC

 

Ok, here are some pictures for comparison: In order, my 1958 Type II reverse, my 1959 DDR reverse, your 1958 reverse

In my Type II 1958 half there are very pronounced spaces between the feathers on the left side, which your coin doesn't seem to have.

 

You can view the page

 

I think the spaces are there in my Gem BU 1958 but may just be accentuated on yours due to wear and some dark toning. Just a guess though. TC

 

Jason, good to see your review of the 58/59 Frankins again. Brings back a lot of memories from our conversations on Coin Talk over the years. For all those who enjoy cherrypicking, the 59 DDR is an excellent coin to look for and can be easily found with just a little bit of searching. Don't forget to look at the older NGC and PCGS slabs because many of these coins were not attributed and can be found already slabbed for a good price. Good luck. :thumb:

 

Congrats on being "one of the best"......

 

Thanks for the info. Never heard this before. I just checked mine and 1 out of 6 1958's was a type 2 and all 6 of 6 1959's were type 2. Supports about 20% for 58s, but I'd question how rare the 1959s are or how lucky I appear to be. Fortunately, my 58 was better looking than all the 59s.

 

According to what I've read about this, about 70% of the '59-P business strikes are believed to be Type II, 20% are Type I, and 10% are DDRs, with one type struck over the other type.