diff --git a/base/float.jl b/base/float.jl
index d5280ef74fbce..fc4cef09b48ad 100644
--- a/base/float.jl
+++ b/base/float.jl
@@ -688,22 +688,24 @@ function hash(x::Real, h::UInt)
     den_z = trailing_zeros(den)
     den >>= den_z
     pow += num_z - den_z
-
-    # handle values representable as Int64, UInt64, Float64
+    # If the real can be represented as an Int64, UInt64, or Float64, hash as those types.
+    # To be an Integer the denominator must be 1 and the power must be non-negative.
     if den == 1
+        # left = ceil(log2(num*2^pow))
         left = top_set_bit(abs(num)) + pow
-        right = pow + den_z
-        if -1074 <= right
-            if 0 <= right
+        # 2^-1074 is the minimum Float64 so if the power is smaller, not a Float64
+        if -1074 <= pow
+            if 0 <= pow # if pow is non-negative, it is an integer
                 left <= 63 && return hash(Int64(num) << Int(pow), h)
                 left <= 64 && !signbit(num) && return hash(UInt64(num) << Int(pow), h)
             end # typemin(Int64) handled by Float64 case
-            left <= 1024 && left - right <= 53 && return hash(ldexp(Float64(num), pow), h)
+            # 2^1024 is the maximum Float64 so if the power is greater, not a Float64
+            # Float64s only have 53 mantisa bits (including implicit bit)
+            left <= 1024 && left - pow <= 53 && return hash(ldexp(Float64(num), pow), h)
         end
     else
         h = hash_integer(den, h)
     end
-
     # handle generic rational values
     h = hash_integer(pow, h)
     h = hash_integer(num, h)
diff --git a/base/rational.jl b/base/rational.jl
index baca2397c42ff..5b9ff99ea7a6c 100644
--- a/base/rational.jl
+++ b/base/rational.jl
@@ -549,9 +549,10 @@ function hash(x::Rational{<:BitInteger64}, h::UInt)
     num, den = Base.numerator(x), Base.denominator(x)
     den == 1 && return hash(num, h)
     den == 0 && return hash(ifelse(num > 0, Inf, -Inf), h)
-    if isodd(den)
+    if isodd(den) # since den != 1, this rational can't be a Float64
         pow = trailing_zeros(num)
         num >>= pow
+        h = hash_integer(den, h)
     else
         pow = trailing_zeros(den)
         den >>= pow
diff --git a/test/hashing.jl b/test/hashing.jl
index 1c7c37d00f93b..8146edafea130 100644
--- a/test/hashing.jl
+++ b/test/hashing.jl
@@ -310,3 +310,18 @@ struct AUnionParam{T<:Union{Nothing,Float32,Float64}} end
 @test Type{AUnionParam{<:Union{Nothing,Float32,Float64}}} === Type{AUnionParam}
 @test Type{AUnionParam.body}.hash == 0
 @test Type{Base.Broadcast.Broadcasted}.hash != 0
+
+
+@testset "issue 50628" begin
+    # test hashing of rationals that equal floats are equal to the float hash
+    @test hash(5//2) == hash(big(5)//2) == hash(2.5)
+    # test hashing of rational that are integers hash to the integer
+    @test hash(Int64(5)^25) == hash(big(5)^25) == hash(Int64(5)^25//1) == hash(big(5)^25//1)
+    # test integer/rational that don't fit in Float64 don't hash as Float64
+    @test hash(Int64(5)^25) != hash(5.0^25)
+    @test hash((Int64(5)//2)^25) == hash(big(5//2)^25)
+    # test integer/rational that don't fit in Float64 don't hash as Float64
+    @test hash((Int64(5)//2)^25) != hash(2.5^25)
+    # test hashing of rational with odd denominator
+    @test hash(5//3) == hash(big(5)//3)
+end