1949 Franklin Half

Paid 6.50$ at my local pawn shop today for this guy. Steal right?

 

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I wouldnt say its a steal.

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I wouldn't say steal either... sorry. Unless there's a DDO/DDR or some other fancy variety I am missing.

 

With the price of silver dropping, now is a good time to start picking things up.
$6.50 is a good price, as it contains $5.76 in silver, and as a coin 1949-S is prob. worth $7- $10 in this grade.

 

Coinflation says value is $5.76 so you are only .74 over melt. Overall, you did okay, and if you are happy with it that's all that really matters.

 

Not bad; but lets hope that Silver & Gold go up with the new president, then you will have some value.

 

If silver goes to $30 there will be $10.85 in melt value.
Even at $20 it's $7.23.

 

I was under the assumption a 1949-s franklin is one of the more desirable dates from the San Fran mint

 

I've seen near-unc silver coins with zillions of little black (carbon?) spots. What causes that? What kind of improper handling or improper storage or environmental factor?

 

This is why I buy both buillion and American silver coins/ world coins. If silver sky rockets the coins would sky rocket not just because of melt value but because they are history and cannot be remade. Speaking of that, I wonder if the government re makes for example Morgan dollars and then send them to pcgs to get MS70 graded coins so they can millions

 

It is the highest-cataloging S-mint Franklin in the MS grades, but far from the highest of any MS-65 in the series. Since there were no S-mint halves in 1947 and 1948, perhaps more were put away Out West?

 

Unfortunately, skyrocketing works both ways; there's a price level for silver where the average Barber half, for instance, has no premium at all, it's just another hunk of silver. Any premium you paid when silver was cheap -- is lost.

 

It is for the Franklin series. You did well on your purchase.

 

I think that we would all prefer that gold and silver go DOWN. That means a healthy economy.

 

I'd say AU50. You did ok. Easily a $10 Coin in my opinion. A low MS would sell in the $30~50 range.

 

You are right, when the Market goes up the Metals go down.

 

You did well. Enjoy your new coin, TC

 

I would like to add that this is the only mint and date that I lack completing a set. Not that the coin is that expensive, it's just hard to find really good examples raw that aren't priced at more than I want to give for one. I have looked at thousands but have yet to find one that matches my set. I lack the 50 proof also, but that one to match the rest, is expensive for a Franklin. I'll get both someday, when I run across the right one and I'm not broke at the time.

 

I need to get a new book mine is from 2014 when silver was at 25 or so I believe. It says for a ms60 the value is 75$. The coin truly is in really good condition just lacking luster

 

If you are going by the red book, they are rarely close on values, even on the date they are printed. The market sets prices, not books.