The strike varies from issue to issue. They also re-worked the eagle at one point. I don't have all of that stuff memorized since it's not my series. In the early 1960s, the Denver Mint coins were very poorly made. I once had two rolls of 1962-D Mint State Franklins that had rolled up and unopened since the early 1960s. I thought for sure that I would find an expensive high grade one. Among the 40 pieces, only a couple of them graded MS-62 or 63. The rest were Unc., but the strike as awful. If you look at the Greysheet, the prices for MS-66 or better 1962-D half dollars is quite high. The reason is the Denver Mint made few high quality coins.
Makes sense. The reason I’m asking about this coin is because I pulled out around a dozen or so in this condition from my junk stash. They are varying dates but they seem to be much nicer than just “junk”silver. Don’t know if it’s worth putting them aside or not.
I'm thinking maybe AU50, but I'm not very good with Franklins. I always think I see wear on the obverse, but it's just because Ben was bald. Personally, I'm probably an AU58, because I'm showing a little wear up there, too.
The OP coin is not MS, nor is it as low as EF. I would grade it as an AU 55–there are some definite signs of minor circulation wear, but certainly not as low as an EF. Also, there is some residual luster, indicating a pretty strong AU.
Franklins are difficult for me to grade if not in hand. Based on photos, I’m in the AU 58 to MS 62 range.
I noticed that also and commented on it. My guess as to the reason for the depth, is perhaps it was very carefully tooled, but really I don't know. I do know I like that crack. It's probably the deepest I've ever seen.