This is the second year in which the Franklin Half Dollar was struck. It also has somewhat of a low mintage compared to other issues in the same series, especially since some coins in this series have a mintage of over 20 million.
The 1949-P Franklin Half Dollar is common in all circulated grades. In uncirculated grades it also easily obtainable with thousands of examples still available. In MS65 condition it becomes a little scarcer but yet there are still a few thousand examples available. In MS66 condition it becomes scarce with probably less than 500 examples available and less than a handful known higher.