50 Dollar Gold Coins

During the period of 1948 and 1963 the silver half dollar was better known as the Franklin half dollar. The name was given mainly because one side of the coin bore the figure of Benjamin Franklin and the reverse side bore the liberty bell with a small eagle. When the coin was first coined it was mandatory that that the bell bore the eagle to it's right. What is ironic about the whole thing is that Mr. Franklin actually opposed the use of the eagle. According to him a more noble bird, such as turkey, should have been used.

In 1963 after the assassination of the president John F.Kennedy the coin was changed. It was mainly because the price of silver shot up in 1962 to1963. Because of this acceleration in the value of silver, the coins of 1963 had more silver content than the coins that came out after that year.

In the beginning of 1963 the half dollar coins were being hoarded by a lot of people. The reason why the people were hoarding the coin was because of both economic and the sentimental reasons. People were hoarding the coins, as it was a reminder of the late president John F Kennedy who was really loved and respected by the masses. On the economic front people were hoarding the coin as it was one of the most valuable coin that was being circulated in US at that time.

At present the value of this half dollar coin is worth $4.8141724190. This value is the value of the silver that is contained in the coin. In order to determine this value the dealer will have to go through the following process. First of all they will find out the current prices of silver as well as copper. As the rates are provided in ounces the dealer will convert the weight of silver and copper of the coin in ounces. To find out the value all the dealer has to multiply the weight in ounces of the metals with the present value of copper and silver.

In order to get at the value of the coin the dealer can also melt the coin. Once the coin is melted the dealer will have to follow the same procedure as mentioned above. Once the dealer gets the value of both copper and silver all he has to do is to add up both the values in order to get the value of the coin of 1963.

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