Coin Specifications

Category: Franklin Half Dollars (1948-1963)
Mint: Philadelphia
Mintage: 669,384
Obverse Designer: John R. Sinnock
Reverse Designer: John R. Sinnock
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $9.11 (7/27/2021)
Diameter: 30.6mm
Edge: Reeded
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1956 TYPE 1 50C PF obverse 1956 TYPE 1 50C PF reverse
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Description & Analysis

Sales of proof sets continued their dramatic annual increase, fueled by both real growth in the hobby's population and the price performance of these coins since their resumption in 1950. This date is thus quite plentiful in all grades short of the very highest ones. The Philadelphia Mint's method of die and planchet preparation was not equal to that of recent decades, and collectors are advised to not be discouraged by the absence of coins certified as PF-70.

The original reverse hub of 1948 continued to be used for sinking dies intended for currency strikes, but a new hub was introduced midway through 1956 for the exclusive manufacture of proof dies. The so-called Type 1 reverse was used for a smaller percentage of this year's proof half dollars, though it is not truly rare. Gems having uniformly brilliant surfaces and those displaying Cameo contrast are readily available to collectors with this old reverse, but Ultra Cameo pieces are exceedingly rare.

For some years now, NGC has routinely distinguished between Type 1 and Type 2 1956 proof half dollars at no additional charge. Coins certified by NGC prior to that time may have the reverse type added through VarietyPlus service. The relatively high mintage of 1956 proof halves resulted in the creation of numerous DDO and DDR varieties. While most bear the Type 2 reverse, at least one Type 1 variety will be attributed by NGC.

GRADE SUMMARY

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Price Guide

Last Updated: 7/11/2019

Click on a price to see historical prices, comparison charts and trends.

1956 TYPE 1 50C PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 23.00 26.00 28.00 45.00 95.00 175 260 445 900 2850 -
$ - - - - - - - - - 110 - - 510 1000
1956 TYPE 1 50C PF CA
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - 42.00 155 255 280 475 1075 3600 5900 -
$ - - - - - - - - - - - - 1450 4100
1956 TYPE 1 50C PF UC
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 385 800 1900 2950 18500 - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 4859
Low Grade: 58
Average Grade: 67
High Grade: 69

The chart showing 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series, 68 series, 69 series.
NGC CENSUS DETAIL Last Updated: 7/27/2021 1956 TYPE 1 50C PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------1-38288019364720981220282-4560
-----------------2962-19
------------------316--19
-----------------------
Total----------1-38288019364921101242284-4598
 ----------0%-0%0%1%2%4%14%46%27%6%- 
1956 TYPE 1 50C PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------13173212110522-292
------------------21--3
------------------13--4
-------------------1--1
Total-------------13173212411022-300
 -------------0%1%0%2%11%41%37%7%- 
1956 TYPE 1 50C PF UC
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------------151--7
-----------------------
-----------------------
-----------------------
Total-----------------151--7
 -----------------14%71%14%-- 

NGC Registry

NGC Registry Score 1956 TYPE 1 50C PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base54595963677276858910211116316717151573578311031886328146945158
56596064697379869310512816416828658875189013642351375248495416
00000079869310512816416828658875189013642351375200
00000082889810814616617040066276799616252816422300
1956 TYPE 1 50C PF UC
 PrAgGVGFVF4045505355586061626364656667686970
Base429450463489502527539563586609631653715793865966150524012985668574317960
4364544724935105315475715946166386747418178991146180425964218693476078358
0000005475715946166386747418178991146180425964218693400
0000005555786016246466947678419321325210227905452718200
1956 TYPE 1 50C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base5054545963677276818589941061151833515637451059160929363265
5154566064697378828691981091382394226248501242205130463428
0000007378828691981091382394226248501242205100
00000075798488921021121602954926849541426249400
Registry Image Gallery
Grade: PF 68 ULTRA CAMEO
Points: 6685
Owner: Frau Scully
 
Grade: PF 68 ULTRA CAMEO
Points: 6685
Owner: RCTVClient
 
View the Registry Image Gallery

Related Articles

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.