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Why Is The Franklin Half Listed As "Modern" Coinage?

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Pillar of the Community

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 Posted 12/07/2013  04:43 am Show Profile   Bookmark this topic Add Fox to your friends list Get a Link to this Message Number of Subscribers
If Franklin halves are listed as still being "current" coinage, they might as well call the Mercury dime a current denomination, because, no silver coin, except for bullion coinage, and pre-1965 quarters, dimes and pre-1971 halves, and War Nickels of the current designs (Jefferson Nickel, Roosevelt dime, Washington quarter, and Kennedy half), should be classified as a "current" coin. Especially a silver coin of a different design, such as the Franklin half or a Mercury dime, or even Ike and SBA dollars (even though most Ikes, and all SBAs contain no silver)

Does anyone else agree with this? I mean, come on, how many Franklin halves do you see in circulation? For that matter, how many Kennedy halves even of the copper clad composition do you see in circulation?
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trout1105's Avatar
Australia
7096 Posts
 Posted 12/07/2013  04:52 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
As all the coins you mentioned are all still legal tender then they ARE still considered Modern/circulating coins.

If they weren't then all the CRH people out there wouldn't find any silver at all
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Sap's Avatar
Australia
16809 Posts
 Posted 12/07/2013  05:29 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
"Modern" does not equal "Current".

The definition of "Modern", as currently applied by American collectors to American coins, is somewhat nebulous and the Franklin half dollar does indeed fall into a grey area. But the general rule of thumb appears to be this: if it bears a portrait of Liberty, it's "Classic". If it bears a portrait of a historical person, it's "Modern".
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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cc99999's Avatar
United States
1302 Posts
 Posted 12/07/2013  07:30 am  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
maybe you should read the feature article I wrote with Hubert Walker in the June 2013 Numismatist about the topic. It is an example of modern American coinage.
Edited by cc99999
12/07/2013 07:31 am
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mfhorn's Avatar
United States
959 Posts
 Posted 12/07/2013  08:14 am  Show Profile   Bookmark this reply Add mfhorn to your friends list Get a Link to this Reply
Hold on now.........
I was born the same year as the Franklin Halve, and I consider myself Somewhat modern; and I'm still circulating.
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kanga's Avatar
United States
5825 Posts
 Posted 12/07/2013  09:01 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I'm older.
I belong to the WL Half/Mercury Dime era (but NOT with the Buffalo nickels).
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Doug58s's Avatar
United States
899 Posts
 Posted 12/07/2013  09:18 am  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I was thinking the same thing. I do remember the circulating Franklin - Kennedy and Ike. Just because something isn't currently circulating - doesn't mean it isn't a modern era coin. You could take a Franklin to the bank and they will accept it - might look at you oddly - but they'll gladly take it.

I read the article Charles referenced above - go read the terms and definitions....
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basebal21's Avatar
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 Posted 12/07/2013  2:55 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
You could take a Franklin to the bank and they will accept it - might look at you oddly - but they'll gladly take it.


If thats the defintion that the US really only has moderns coins. Theyll take a large cent or bust coins coins too. They might immediately pull it for themselves but if you want you can deposit your collection for face.

In the grand scheme of things yes its modern, but from a practical stand point it really is a classic. Its been half a century since it was last made and theres multiple generations now that have never actually used one.

Think of it this way, more than 25% of our country's existence has passed since the last time one was made.
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United States
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 Posted 12/07/2013  5:17 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply

Quote:
But the general rule of thumb appears to be this: if it bears a portrait of Liberty, it's "Classic". If it bears a portrait of a historical person, it's "Modern".


That is pretty much what I was about to say as well
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yotie's Avatar
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3077 Posts
 Posted 12/07/2013  7:12 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
Ol Ben is a "Classic" Modern like Washington Eagles and now the LMC and the old Jeff 38-03
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DNA's Avatar
United States
2734 Posts
 Posted 12/07/2013  9:52 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
There might well be billions of clad Franklin halves in everyday use had JFK not been assassinated. The double-hoarding of JFK souvenirs and silver pretty much killed the Half-Dollar as a common circulation coin. All silver Franklins would be long gone from circulation by now, but we could have even had Franklin State Half-Dollars in 1999
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 12/07/2013  10:04 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
As basebal said, it falls into both categories, regardless of definitions in an article. It ran up to 63, well into what people would consider modern coinage, yet has been out of production for 50 years now, so kind of runs into the "classic" category. At to that DNAs very valid point that had the CIA not killed JFK, Franky would likely still be on the coin and everyone would be pitching a fit to change him out.

So either way is valid, somebody's definitions aside. That always lovely exception.
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 Posted 12/07/2013  10:05 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply

Quote:
All silver Franklins would be long gone from circulation by now, but we could have even had Franklin State Half-Dollars in 1999


Why does "Franklin State "Halves" sound so much better to me than "Franklin State "Half-Dollars"?

Anyway, if they would have kept the dollar coin Ike-sized, and eliminated the $1 bill, I would have loved to have seen "State Eusenhower Dollar Coins"
Edited by Fox
12/07/2013 10:08 pm
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smokeriderdon's Avatar
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3755 Posts
 Posted 12/07/2013  10:25 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
Hmmmm. Eisenhower ATBs. THAT would be wicked cool. Is Daniel Carr reading?
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jbuck's Avatar
United States
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 Posted 12/07/2013  11:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
But the general rule of thumb appears to be this: if it bears a portrait of Liberty, it's "Classic". If it bears a portrait of a historical person, it's "Modern".


Also, consider that the Franklin design is younger than all of the denominations below it (cent, nickel, dime, and quarter).
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basebal21's Avatar
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 Posted 12/08/2013  12:37 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Also, consider that the Franklin design is younger than all of the denominations below it (cent, nickel, dime, and quarter).


Just barely for the dime. Had wheats been the end of the Lincoln Cent I'm sure many people would consider that classic and they had overlapping dates.
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