The 1838 Capped Bust half dollars have value as numismatic coins. Keep reading to learn more about these silver coins.

1838 Half Dollar

Specifications

Type: Capped Bust Half Dollar
Year: 1838
Face Value: $0.50
Composition: 90% silver, 10% copper
Silver Weight: .3866 oz.
Total Weight: 13.36 grams
Current Silver Bullion Value: $9.08

The US minted the 1838 half dollar with no mint mark and also the 1858 O half dollar. The mint mark, when present, can be found on the obverse side of the coin above the date.

The 1838 O half dollar is one of the rarest US coins in existence. Only 20 were minted. These half dollars were some of the first coins to be minted at the New Orleans Mint.

Series Location Quantity Minted
1838 Philadelphia 3,546,000
1838 O New Orleans 20

Value

This coin in circulated condition is worth a lot more than its weight in silver. But just for reference, the silver melt value for this coin is $9.08 as of February 01, 2023. This melt value is calculated from the current silver spot price of $23.48 per ounce.

The 1838 half dollar with no mint mark is worth around $65 in good condition. In very fine condition the value is around $125. In extremely fine condition the value is around $250. In uncirculated condition the price is around $1,200 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $2,750.

The 1838 O half dollar is worth around $300,000 extremely fine condition. In uncirculated condition the price is around $425,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $525,000.

Grading System

Good- The word "LIBERTY" inscribed on Liberty's headband is barely readable.

Very fine- The word "LIBERTY" inscribed on Liberty's headband is sharp. Liberty's shoulder clasp is clear.

Extremely fine- The word "LIBERTY" inscribed on Liberty's headband is sharp and prominent. Liberty's hair details are visible.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

 

Sources:

The Red Book


See also:

1837 Half Dollar