The 1892 Columbian half dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1892 Columbian Half Dollar

1892 Columbian Half Dollar Reverse

Specifications

Type: Commemorative Half Dollar
Year: 1892
Face Value: $0.50
Composition: 90% silver, 10% copper
Silver Weight: 11.25 grams
Total Weight: 12.50 grams
Current Silver Bullion Value: $6.33

The 1892 Columbian half dollar was the first US commemorative coin ever minted. On the front of the coin there is a bust of Christopher Columbus, and on the reverse side there is an image of Columbus' famous ship the Santa Maria above two hemispheres. Originally each coin was sold for $1 at the World's Columbian Exposition in Chicago. Many coins went unsold so they were later put into circulation or melted down for their silver value.

Each coin was minted in Philadelphia and there in no mint mark on any of the coins.

Series Location Distribution
1892 Philadelphia 950,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $6.33 as of October 22, 2019. This melt value is calculated from the current silver spot price of $17.50 per ounce.

In about uncirculated condition the value is around $20. In uncirculated condition these coins sell for around the following: $27 with an MS 60 grade, $70 with an MS 63 grade, $310 with an MS 65 grade, and $675 with an MS 66 grade. The 1892 Columbian half dollar has around the same value as the 1893 Columbian half dollar.

There were roughly 100 brilliant proof coins minted. There isn't enough recent sales data to determine a value for proof coins.

 

Sources:

The Red Book