Last Updated on April 4, 2022
Each as collectible coins as well as bullions to ensure the pureness of the silver, the 1893 Columbian half dollars are valuable. Despite having a huge mintage, the 1893 Columbian half dollar was extensively circulated, with several ending up here and there before being used. However, those that were not circulated in the market at the time are now considered to be high value.
What are the 1893 Columbian silver half dollars actually worth?
In near-uncirculated form, the 1893 Columbian half dollar is valued roughly $20. The 1893 silver half dollar retails for almost $27 in mint condition with an MS 60 grade, $70 with an MS 63 grade, $275 with an MS 65 grade, and $650 with an MS 66 grade.
A total of 100 brilliant proof coins were produced. Confirmation coins are difficult to evaluate since the recent sales data is not enough to determine its true worth in weight and in this day and age. In all actuality, the majority of Columbian half seen nowadays are worn.
Flawless mint condition pieces are difficult to come by, with MS66s being extremely uncommon and examples that show MS67 or better are quite hard to come across.
These coins are occasionally seen in excellent commemorative form, placed in a closed commemorative container known as a ‘slab.’ If indeed the slab says MS-65, for example, rates might skyrocket. However, slab inscriptions are not often accurate, so not all slabs are equal in value. The value is also determined by the silver content in the coin.
History of the 1893 Columbian half dollar
The Bureau of the Mint produced the Columbian half dollar in 1892 and 1893. This was the first typical United States memorial coin, minted to generate funds for the 1893 World’s Columbian Exposition as well as to commemorate the quadricentennial of Christopher Columbus’ first trip to the Americas, whose likeness it displays. The Columbian half dollar was the first coin in the United States to feature a political leader.
The U. S. Treasury issued two runs of Columbian halves in 1893, after the publication of the very first silver coin, the 1892 Columbian Exposition half dollar. The World Columbian Exposition was supposed to begin in 1892 to commemorate the 400th anniversary of Christopher Columbus’ transatlantic voyage in 1492, but it didn’t until 1893.
The United States Mint offered the 1893 Columbian half dollars for $1 apiece during the exhibition, and over 1.5 million of the renowned coins had sold. this was the first remembrance coin created by the United States plenty more came after that. These types of coins, like all other US silver half dollars, comprise of 0.3617 oz ounces of silver, meaning their dollar amount would never be less than their silver value. Keep in mind how much silver costs.
It varies on a daily basis and the final value would depend on the present. The silver value of one of these coins is 0.3617 x 15 = $5.40 if silver is trading for $15 per troy ounce.
What does the 1893 Columbian half dollar look like?
Charles E. Barber and George T. Morgan created the half dollars for the Columbian Exposition. Just on the front or the heads side is Christopher Columbus, while on the back is his flag ship, the Santa Maria.
During the World’s Columbian Exposition in Chicago in 1893, the pieces were auctioned for $1 apiece. Despite the large amounts of sales, it is still believed that these auctions were not as successful as most people think they might have been since most people were hesitant to pay one dollar for a 50-cent coin!
Regardless of all the sales after a while there were plenty of coins left unused and had not been bought, because many of those coins were unsold and had never been traded, they retained their value as silver in that time period and hence they were eventually reintroduced back into circulation or melted down for their silver content to retrieve their value in the current day and age.
