When you think of valuable coins, you might picture ancient coins or those that mark important historical events. The 1950s might not be the first decade that comes to mind. However, this era produced some surprisingly valuable coins. Some of these coins can still help you make a lot of money today. To learn more, we talked to Dr. Mike Fuljenz, the president of Universal Coin and Bullion.
Proof Sets
Between 1950 and 1963, the U.S. Mint made special proof sets. Many collectors, including Dr. Fuljenz’s grandfather, bought these sets. If your parents or grandparents did the same, you might find that the coins from those sets are worth a lot today.
“Today, proof half-dollars, especially those from 1950 and 1951, can be worth hundreds to thousands of dollars, depending on their condition,” said Dr. Fuljenz. “The Washington quarter and Roosevelt dime can also be worth a lot. However, the proof nickel and penny are still valuable but worth less.”
Circulated Dimes, Quarters, and Half-Dollars
Sometimes, silver coins from the 1950s can be very valuable. Dr. Fuljenz explained that circulated dimes, quarters, and half-dollars from the 1950s are made of about 90% silver, which makes them worth more to collectors.
“Reputable dealers will pay over 20 times the face value for these coins based on a $32 silver spot price,” he said. “This means a half-dollar coin from the 1950s is worth over $10, quarters are worth over $5 each, and dimes are worth over $2 each.”
Dr. Booker T. Washington Half-Dollars
Another exciting group of coins for collectors is the commemorative half-dollars issued in 1950 and 1951. These coins honored Dr. Booker T. Washington, a famous educator and the first Black American featured on a U.S. legal tender coin.
“Most 1950 and 1951 Booker T. Washington halves are found in slightly used condition, worth $25-$50,” said Dr. Fuljenz. “However, if they are in near-perfect condition and graded by PCGS (Professional Coin Grading Service), they can be worth thousands of dollars.”
Summary Table of 1950s Coins and Their Values
| Coin Type | Estimated Value |
|---|---|
| Proof Half-Dollars (1950, 1951) | Hundreds to thousands of dollars |
| Circulated Half-Dollars | Over $10 |
| Circulated Quarters | Over $5 |
| Circulated Dimes | Over $2 |
| Booker T. Washington Halves | $25-$50 (higher if in perfect condition) |
In conclusion, coins from the 1950s might not seem like they hold much value at first glance. However, many of these coins can be surprisingly valuable today. If you have old coins lying around, it’s worth checking to see if you have any from this era. Whether it’s proof sets or silver coins, the value can really add up. Always remember to keep them in good condition to get the best prices if you decide to sell. Happy collecting!
FAQ’s
What is a proof coin?
A proof coin is specially made to be very shiny and detailed, often for collectors.
Why are 1950s silver coins valuable?
These coins contain a lot of silver, making them worth more than their face value.
How can I tell if my coin is valuable?
Check its condition and see if it has any special features or if it was part of a proof set.