The 1958 Half Dollar occupies an intriguing spot in the history of U.S. currency. While it hasn’t seen widespread use in daily transactions, it remains highly valued among collectors.
This silver coin may no longer be in circulation, but how much is it worth today? In this article, we’ll explore the different versions of this coin, their worth, and potential errors that could increase their value. Keep reading to discover all the details!
1958 Half Dollar Value Guide
Here’s a quick breakdown of how much different grades of the 1958 Half Dollar are worth:
| Coin Grade | MS/PR60 | MS63/PR66 | MS65/PR67 | MS67/PR68 |
|---|---|---|---|---|
| 1958 No Mint Mark Half Dollar | $20 | $27.5 | $48 | $585 |
| 1958 D Half Dollar | $20 | $27.5 | $47 | $1,050 |
| 1958 No Mint Mark Proof Half Dollar | $20 | $60 | $75 | $165 |
Understanding 1958 Half Dollar Grading
Coin grading uses a scale from 1 to 70, with 70 being a perfect coin without wear or damage. The letters ‘MS’ (Mint State) and ‘PR’ (Proof) refer to the coin’s type: ‘MS’ denotes coins meant for circulation, while ‘PR’ refers to proof coins designed for collectors.
Grading Scale:
- 1-6: Basal State to Good
- 7-10: Very Good
- 12-15: Fine
- 20-30: Very Fine
- 40: Extremely Fine
- 50: About Uncirculated
- 60-70: Mint State (MS)
Use this scale to determine your coin’s grade and accurately estimate its value.
1958 Half Dollar by Mint Mark
The 1958 Half Dollar belongs to the Franklin Half Dollar series, which features Benjamin Franklin on the obverse. Designed by John R. Sinnock, these coins were minted from 1948 until 1963, when the series was replaced by the Kennedy Half Dollar after the assassination of President John F. Kennedy.
In 1958, two U.S. mints were involved in production: Philadelphia and Denver. Let’s break down the value of the different versions from each mint.
1958 No Mint Mark Half Dollar
Philadelphia Mint was responsible for producing 1958 Half Dollars without a mint mark, though they only made about 4 million coins that year. While this was a relatively low number, it’s still a large mintage overall, so worn coins generally hold only their silver melt value.
The melt value of a 1958 Half Dollar is worth more than its face value due to its 90% silver content, containing just under 0.2 ounces of silver. Based on current silver prices, this means it’s worth approximately $5.
However, for the coin to fetch a premium over melt value, it needs to be in good condition, generally starting at around MS62 or MS63. Coins with sharp details, such as the Liberty Bell’s complete lines, are particularly valuable. Coins with Full Bell Lines (FBL) are in high demand, with one MS67 FBL coin selling for a record-breaking $129,250.
1958 D Half Dollar
Coins minted in Denver bear the ‘D’ mintmark, and 1958 D Half Dollars are often more highly valued due to their greater rarity in higher grades. Denver minted over 23 million of these coins that year, so their availability in worn condition is higher than those from Philadelphia.
At an MS67 grade, these coins can fetch around $1,050, but if they feature Full Bell Lines and attractive coloring, their value could go as high as $32,900. The stunning array of colors, often resulting from oxidation and chemical exposure, can significantly enhance a coin’s appeal.
1958 No Mint Mark Proof Half Dollar
Proof coins are special collector’s items struck with a mirror-like finish, typically in higher grades than regular circulation coins. In 1958, 875,652 proof Half Dollars were made, and these coins are often worth more than their circulation counterparts.
At a PR60 grade, the 1958 No Mint Mark Proof Half Dollar may only be worth $20, but as the grade increases, so does the price. At a PR68 grade, these coins can be valued at around $75, and if they feature a strong contrast between the raised details and smooth surface (a cameo or deep cameo), they can command even higher prices, sometimes reaching thousands of dollars.
In 2017, a PR68 coin with a deep cameo sold for $32,900, matching the record price of a similar Denver-minted coin.
Rare 1958 Half Dollar Errors
When minting millions of coins, errors are bound to occur. The 1958 Half Dollar series includes a few notable errors that can add value to a coin. Here are some of the most common:
- Repunched Mintmark
This occurs when the mintmark is struck twice, resulting in a slight offset. This error is only present on the Denver-minted coins. - Curved Clip
A curved clip happens when the coin is improperly cut during the minting process, leaving a small curved chunk out of the edge. These errors can range in value from $60 to over $200, depending on the severity. - Partial Collar
This error happens when the collar, which holds the coin in place during striking, is misaligned. This can result in one side of the coin having a full rim while the other side lacks it. These coins can fetch between $200 to $300. - Flawed Planchet
A planchet is the metal disk used to strike the coin. If the planchet is defective, it can create holes, cracks, or other imperfections on the coin. While minor flaws may only add $50 or so to a coin’s value, more severe defects can make it much more valuable.
Where to Sell Your 1958 Half Dollar
If you’re unsure of the exact value of your 1958 Half Dollar or want to sell it, various online platforms can help with appraisals and sales. Just be sure to verify the legitimacy of any dealer you choose.
Frequently Asked Questions
Are 1958 Half Dollars made of silver?
Yes, the 1958 Half Dollar contains 90% silver, making it more valuable than its face value.
How can you tell if a Half Dollar is rare?
Rare coins are typically in excellent condition (near-perfect). Older coins in mint state or those with significant errors are often the most valuable.
Which years of Half Dollars are worth keeping?
All Half Dollars minted before 1965 are worth more than their face value due to their silver content. Coins in high grades or with errors are especially valuable.
By understanding these factors, you can better assess the worth of your 1958 Half Dollar, whether it’s a coin from Philadelphia, Denver, or a proof version. Keep in mind that coin value can fluctuate based on condition, rarity, and collector demand.