MS 1958/59 franklins - type 1 & type 2 mintage figures estimates

Discussion in 'Coin Chat' started by ole_gmg3, Feb 4, 2014.

  1. ole_gmg3

    ole_gmg3 New Member

    Being a newbie to CT, thought I'd ask the more knowledgeable, about these

    Some of the figures I've read are:

    1958 Philly type 2 - 30% of mintage, approx 1.126M

    1959 Philly type 2 - 70% of mintage , approx 4.34M

    From these numbers, wouldn't the 1959 Type 1 garner the same interest, as the 1958 Type 2 ?

    Please feel free to comment, correct & objectify.
    Again, I'm new to this site but have a been collecting for a half century

    Thanks,
    Ole GMG3
     
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  3. dimeguy

    dimeguy Dime Enthusiast

    Mind if I ask where you are obtaining those numbers from?
     
  4. ole_gmg3

    ole_gmg3 New Member

    Referenced through a Mr. Tepper in April 1990, Wikipedia sourced

    If you have any corroborating or info , I'd
    Be honored to know it

    Thank you
     
  5. definer likes this.
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Mintage estimates are all over the map depending upon who you talk to. In my opinion, the market provides the best evidence of scarcity or lack thereof. I'd pay more attention to that than anything else ;)
     
  7. What I do not understand is why the Cherrypicker's Guide and the TPGs do not attribute this MAJOR variety. There is a lot of interest in them. Many on CT and other coin forums collect them. I have also talked to dealers at shows and as soon as you ask to see 1958/1959 Franklins, they will say sorry none are Type 2. TC
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Because it is too common.
     
  9. BUncirculated

    BUncirculated Well-Known Member

    More often than not, a very unreliable source of information.

    Even Red Book doesn't provide any mintage figures for these in the coin section for Franklins, so I'd say those figures in your OP, are guesstimates at best.
     
  10. definer

    definer definitely....! LOL

  11. BUncirculated

    BUncirculated Well-Known Member

    I have one as well, mine was $25.

    As Doug stated, these are too common for attribution from TPGs, and many dealers do not even try adding a premium for them because they are so common.
     
  12. Agreed. However, they seem to attribute other equally or more common varieties (e.g., type b quarters, friendly eagle Ike dollars). TC
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    And if enough people ask or complain about it they'll attribute these too. For an extra $25-$30 of course.
     
    BUncirculated likes this.
  14. dimeguy

    dimeguy Dime Enthusiast

    I believe the "varieties" you are mentioning/discussing are demonstrated on business strikes and not necessarily proofs as all proofs are Type II. I may attempt to post pics of mine when I get home from work. Hope that makes sense and happy hunting!
     
  15. quarter-back

    quarter-back Active Member

    You may have a misconception. The 58 and 59 Type 2's are typical for the proofs for those years. It's the Type 2 business strikes that are the varieties for those years. However, proofs from 56 do come in both varieties. What you (and I) want to find is a Type 1 Proof for any year from 57 to 63.
     
  16. definer

    definer definitely....! LOL

    I got about 70 to look through... :)
     
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