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Any Studies On The Franklin Half?

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Pillar of the Community

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 Posted 07/03/2015  7:14 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
I know the Franklin halves were a big victim of melting over the years so I don't think looking at mintage numbers really shows which ones are common and which are more scarce today in 2015. Is there any literature out there to show which years are more valuable and which years were melted down?
Rest in Peace
moxking's Avatar
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 Posted 07/03/2015  7:22 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
The numbers graded by PCGS and NGC might help with the records of those that have been graded.

I can't imagine any way of estimating melt numbers.
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Cascade's Avatar
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 Posted 07/03/2015  7:25 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Here is pcgs price guide. The more valuable ones are the better ones

http://www.pcgs.com/prices/pricegui...l.aspx?c=734
Edited by Cascade
07/03/2015 7:25 pm
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ArrowsAndRays's Avatar
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 Posted 07/03/2015  7:53 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply

Quote:
Is there any literature out there to show which years are more valuable and which years were melted down?

Value? Tons.
Quantity melted? Unknowable.

Quote:
I know the Franklin halves were a big victim of melting over the years

How do you know this?
Pillar of the Community
United States
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 Posted 07/03/2015  9:06 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply

Quote:
How do you know this?


Google..
Valued Member
United States
232 Posts
 Posted 07/03/2015  11:37 pm  Show Profile   Bookmark this reply Add John Paul to your friends list Get a Link to this Reply
I have seen this:

http://numismaster.com/ta/numis/Art...icleId=18381

which discusses the mint melting large numbers or silver coins (to be made into different coins - not sure why that made sense).

I have not seen much on private interests melting the coins. If you just want a store of value, the coin is as good as a silver bar, and you can still buy $1000 face value bags of 90% silver US coins. I suppose you could use the silver for some industrial process, but buying and purifying coins might not be the best way to do that. So, I am curious if there is evidence that anyone other than the mint melted large numbers of coins.
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Gyrene7483's Avatar
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 Posted 07/04/2015  12:30 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
which discusses the mint melting large numbers of silver coins (to be made into different coins - not sure why that made sense).
Think about it for a minute. New silver coins are 90% and old silver coins stored in Treasury vaults are 90%.

If they need more quarters and do not have enough in their vaults to satisfy the demand they melt enough of the other denominations to make new quarters. Then they just roll out the freshly melted 90% silver to the thickness of quarters and strike what they need. All done inside the Mint. By repurposing those coins they save money by not having to have to alloy new 90% sheets for the planchets.
Edited by Gyrene7483
07/04/2015 12:31 pm
Valued Member
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 Posted 07/04/2015  1:19 pm  Show Profile   Bookmark this reply Add John Paul to your friends list Get a Link to this Reply
I could see that, but you have to be sure that you wont't need the older coins later. Maybe it just didn't matter or there were plenty of discontinued denominations laying around.
Pillar of the Community
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 Posted 07/04/2015  2:44 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
John Paul - thanks for the article. I had just heard people went crazy melting the Franklin's when silver skyrocketed in price. Regardless they are the best "bang for your buck" IMO. Walkers are too expensive in good shape and Kennedy coins only have 1 good year (1964).
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