1962 and 1963 Ben Franklin Half Dollar

I picked up these 2 half dollars at a local flea market for 6.50$ a piece. Could I get some help grading and valuing them?

 

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Melt value x .36169 x 2 !

 

$5.40 a piece melt value. Not really any value beyond that IMO.

 

Welcome to CT. One of my favorite series. Getting one of these as a kid set my coin fires burning...... You got a fair deal for the two halves.they are average circulated. Maybe VF-XF. And most Franklin halves with exception of a few dates and very high grade examples trade at at about melt. Currently melt is around ten times face value.

 

Spot value of silver x 2 x .3617

 

I'm a Virgo! I prefer to use the value cited in the Red Book - .36169

Chris

 

Right but the equation uses silver spot to come up with melt value. As in melt value= spot value of silver x 0.36169

 

Coinflation.com
http://www.coinflation.com/coins/silver_coin_calculator.html

 

You did not overpay for these halves. Try buying a Franklin half, in the same condition as the ones you bought, for $6.50 on eBay or at your local coin dealer. You're probably going to pay about $8 or more.

Don't worry about current value. It's not as though you have a lot of $ tied up in them. Hold onto them and sell when silver is higher. You won't get rich but you'll make a few dollars. Or just keep them because they are cool.

 

True, but there is an eBay dealer from the Harpers Ferry WV area (not exactly sure where, but in that part of WV) that has some very fine Franklin specimens, most of them verging on BU. I paid between $6.50 and $14 for the ones I bought from him. I sure wish he had had some Walkers at his prices, but he didn't have a single one at the time.

 

Both look to be the type two

 

They appear to be VF-XF and You got a good deal IMHO .
I’m one to collect the series (not a set though) primarily because they have a Benjamin Franklin portrait and their 90% Silver too .

 

I'd say those are nice pickups! Agree with @capthank, appear to be type 2 reverse.

 

Was that a single coin price? If so, good for you. That is below what most people pay.

 

You paid about a $1.50 over melt and that's all they're worth.

 

Cointracker:
Numismatic vs Intrinsic Value: This coin in poor condition is still worth $6.62 more than the intrinsic value from silver content of $5.38, this coin is thus more valuable to a collector than to a silver bug.

1948-1963 Ben Franklin Half Dollar silver 0.3617 3 three = just over an oz of silver - 1.0851 (depending on wear) Silver is @ $15:04 today.

 

Oh no. Are we bring back the 1/2 cent. Or are we starting to round off. I need to pay attention on current events. I did hear about the W quarters though

 

Help me. What does that equal to if i use your math. Sorry. I really need help to ffigure this out. I'm thinking any franklin is worh 5 bucks. Am i way off?

 

…..and a coin dealer will cite his overhead plus the wear and tear on the sidewalk outside his business plus the time needed to take off for lunch plus any other thing he/she can think of that will make more money for the business.

I'm not going to get into a 15-year argument about this like I had to do with the value of copper pennies. You do what the heck you want.

Chris

 

Chris, buddy, not trying to be argumentative. You just had the wrong term in your equation. Just trying to clarify for any newbies. Melt value of a coin is the SPOT price of the metal content times the amount of pure metal in the coin; you wrote MELT Value x amount of pure metal in the coin (.36169 oz for Franklin half dollars).