1946 Half Dollar Value: Walking Liberty & BTW Guide

1946 Half Dollar values: Walking Liberty $13-$57,600, Booker T. Washington $15-$31,200. Complete guide covers all 6 issues, varieties, and errors.

Quick Answer

The 1946 U.S. Half Dollar was minted in two distinct designs with dramatically different values:

Walking Liberty Half Dollar (Circulation Issue):

  • Circulated:$13 (G-4) – $50 (AU-50)
  • Uncirculated:$75 (MS-60) – $385 (MS-66)
  • Top specimens:$1,850$57,600 (MS-67 to MS-68)

Booker T. Washington Memorial (Commemorative):

  • Typical grades:$22 (AU-50) – $100 (MS-66)
  • Premium grades:$375 (MS-67) – $31,200 (MS-68)

The 1946-D Walking Liberty is the key date with lowest mintage (2.15M), while condition rarity drives values at MS-67 and above for all issues.

What's Your 1946 Half Dollar Worth?

Select your coin's mint mark and condition to get a value estimate.

Mint Mark — Where was your coin made?
D
Denver
P
Philadelphia
S
San Francisco
Mint mark location: Reverse
Condition — How worn is your coin?
Heavy Wear
Very smooth, details hard to see. Looks like it circulated for decades.
Moderate Wear
Main design visible, but high points are clearly worn flat.
Light Wear
Most details sharp, only slight wear on the highest points.
No Wear (Uncirculated)
Looks brand new with original luster. No signs of circulation.

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About Rare Varieties & Errors
This tool estimates typical values for standard coins only. If your coin has unusual features (minting errors, repunched dates, doubled dies), it may be worth significantly more. Consider posting photos on r/coins or CoinTalk for community feedback.

1946 Half Dollar: Two Historic Designs

1946 Walking Liberty and Booker T. Washington half dollars side by side

The two 1946 half dollar designs: Walking Liberty (left) and Booker T. Washington commemorative (right)

The year 1946 holds a unique position in U.S. numismatics as the only year the U.S. Mint produced two entirely different half dollar designs simultaneously. The Walking Liberty Half Dollar saw its 70th and penultimate issue as a business strike for general circulation, while the Booker T. Washington Memorial Half Dollar made its debut as the first U.S. commemorative coin honoring an African American.

These coins represent dramatically different collecting markets. Walking Liberty issues are prized by series collectors building 1916–1947 complete or "short" (1941–1947) sets, with values ranging from $13 in Good condition to $57,600 for top-population specimens. The Booker T. Washington commemoratives, sold directly to collectors as Uncirculated products, command $22 to $31,200 depending on grade and mint mark.

This guide provides comprehensive pricing, identification features, variety diagnostics, and authentication guidance for all six 1946 half dollar issues.

How to Identify Your 1946 Half Dollar

All 1946 half dollars share identical physical specifications: 12.50 grams, 30.6mm diameter, 90% silver composition, and reeded edges. The designs, however, are immediately distinguishable.

Walking Liberty Half Dollar

Designed by Adolph A. Weinman, this is the Type 2 design used from mid-1917 to 1947.

Obverse: Features a full-length figure of Liberty draped in the U.S. flag, walking toward a rising sun while carrying branches of oak and laurel. The date "1946" appears at bottom.

Reverse: A bold American eagle perched on a mountain crag with wings unfolded. A pine sapling grows from the rock. Weinman's artist monogram "AW" is located under the eagle's tail feathers.

1946 Walking Liberty half dollar reverse showing mint mark location

Mint mark location on Walking Liberty reverse: lower-left field, below pine branch

Mint Mark Location: On the reverse, in the lower-left field, below the pine branch. Philadelphia issues have no mint mark; Denver issues display "D"; San Francisco issues display "S".

Booker T. Washington Memorial Half Dollar

Designed by Isaac Scott Hathaway, the first U.S. coin designed by a Black artist.

Obverse: A three-quarter facing portrait of Booker T. Washington. Legends include "UNITED STATES OF AMERICA," "BOOKER T. WASHINGTON," "HALF DOLLAR," "E PLURIBUS UNUM," and "1946".

Reverse: Depicts the Hall of Fame for Great Americans and the slave cabin where Washington was born. Legends read "BOOKER T. WASHINGTON BIRTHPLACE MEMORIAL" and "FROM SLAVE CABIN TO HALL OF FAME".

1946 Booker T. Washington half dollar reverse showing mint mark location

Mint mark location on Booker T. Washington reverse: below log cabin

Mint Mark Location: On the reverse, below the log cabin. Philadelphia issues have no mint mark; Denver issues display "D"; San Francisco issues display "S".

💡 Identification Tip

If the obverse shows Liberty walking, it's a Walking Liberty. If it shows a portrait of Booker T. Washington, it's the commemorative. The reverse designs are equally distinctive, making misidentification impossible.

1946 Half Dollar Price Guide

Pricing varies dramatically between the two designs due to their different distribution patterns. Walking Liberty half dollars circulated widely, creating a full spectrum of grades from heavily worn to pristine Mint State. Booker T. Washington commemoratives were sold exclusively to collectors, resulting in a market focused on Mint State grades MS-60 and above.

1946 Walking Liberty Half Dollar (Philadelphia)

Mintage: 12,118,000

Market Analysis: This is a common issue, plentiful through MS-66. However, numismatist David Hall notes it is the rarest of the 1941–1947 issues in Choice Uncirculated grades. Certified population drops rapidly above MS-66, leading to significant value jumps for Gem examples.

GradePCGS ValueNGC Value
G-4$25$20.50
VF-20$33$24.50
EF-40$38$27.50
AU-50$45$32.50
MS-60$75$60
MS-63$100$85
MS-65$165$150
MS-66$240$225
MS-67$1,850$1,750
MS-67+$14,500$19,000

Auction Record:$57,600 for MS-68 specimen.

1946-D Walking Liberty Half Dollar

Mintage: 2,151,000

Market Analysis: The key date of the 1941–1947 "short set" based on mintage. However, a huge quantity of uncirculated rolls was saved by speculators in 1946, making Mint State examples up to MS-65 very easy to locate. The true rarity lies in condition—due to post-war budget cuts and overused dies, strike quality was generally poor. This issue is almost impossible to find above MS-66.

GradeValue Range
G-4$13–$20
VF-20$16–$24.50
EF-40$22–$32.50
AU-50$32.50–$38
MS-60$57–$60
MS-63$78–$85
MS-65$120–$125
MS-66$275–$315
MS-67$879–$3,120

Auction Record:$31,200 for MS-67+ (PCGS CoinFacts).

1946-S Walking Liberty Half Dollar

Mintage: 3,724,000

Market Analysis: The most plentiful San Francisco Mint Walking Liberty half dollar in Mint State. Common through MS-65 but becomes a condition rarity at MS-67. This issue exhibits extreme value divergence in top grades between PCGS and NGC pricing, with auction results supporting higher valuations for PCGS MS-67+ examples.

GradeValue Range
G-4$13–$20.25
VF-20$20–$27
EF-40$27–$40
AU-50$40–$50
MS-63$79–$100
MS-65$140–$165
MS-66$250–$385
MS-67$1,020–$3,600
MS-67+$11,000–$36,000

Auction Records:$38,400 for PCGS MS-67+ (Stack's Bowers); $31,331 for another PCGS MS-67+ (Coin World).

⚠️ Pricing Note

PCGS lists 1946-S G-4 at $4, which is below melt value (~$17.65) and appears to be an error. All other sources price this grade at $13–$20.25, consistent with numismatic value exceeding silver content.

1946 Booker T. Washington Half Dollar (Philadelphia)

Mintage: 1,000,546

Market Analysis: Highest mintage and most common of the 1946 Booker T. Washington issues. Readily available in grades up to MS-66.

GradeValue Range
AU-50$15–$22
MS-63$27–$30
MS-64$40–$45
MS-65$60–$65
MS-66$100–$225
MS-67$375–$440
MS-67+$1,400–$2,100
MS-68$20,000–$31,200

1946-D Booker T. Washington Half Dollar

Mintage: 200,113

Market Analysis: Lowest mintage of the 1946 Booker T. Washington set. Much scarcer than Philadelphia or San Francisco issues in high grades (MS-66 and MS-67).

GradeValue Range
AU-50$15–$16.75
MS-60$60
MS-63$94
MS-65$120
MS-67$600–$1,000
MS-68$8,000
MS-69$19,388

Auction Record:$19,388 for MS-69 (Gainesville Coins).

1946-S Booker T. Washington Half Dollar

Mintage: 500,279

Market Analysis: Mid-range mintage for the 1946 set. Very common and widely available, with values closely tracking the Philadelphia issue in most grades.

GradeValue Range
AU-50$16.75–$22
MS-63$27–$30
MS-64$45–$50
MS-65$51–$67
MS-66$85–$90
MS-67$575–$600
MS-67+$1,250
MS-68$11,000–$16,450

Grading 1946 Half Dollars

Accurate grading of 1946 half dollars requires understanding the critical distinction between weak strikes and actual wear—particularly important for Walking Liberty issues.

1946 Walking Liberty half dollar grade comparison showing wear progression

Grade comparison: G-4 (heavy wear), VF-20 (moderate wear), MS-65 (uncirculated)

The Strike Quality Challenge

Walking Liberty half dollars were notoriously difficult to strike, especially from San Francisco and Denver mints. Many coins left the mint with incomplete details due to insufficient striking pressure or worn dies. A novice may see weak head details or incomplete skirt lines and grade the coin as circulated (EF or AU). However, the presence of mint luster in those weak areas confirms the coin is uncirculated—it's a weak strike, not wear.

1946 Walking Liberty half dollar showing weak strike versus actual wear

Critical distinction: weak strike (left) retains luster despite incomplete details; wear (right) shows smooth, lustless areas

This distinction can mean the difference between an AU-58 valued at $50 and an MS-63 (Weak Strike) valued at $100.

Walking Liberty Key Wear Points

Obverse: Wear first appears on Liberty's head, breast, left arm, and left leg. In circulated grades, these areas will show smoothing with luster loss.

Reverse: The eagle's left (forward) leg and upper breast show wear first. Check for luster loss in these areas to confirm circulation.

Circulated Grades (G-4 through AU-58)

Good (G-4): Heavy wear with Liberty's details nearly smooth. Date and major design elements remain clear. Valued at $13$25 depending on mint mark.

Very Fine (VF-20): Moderate wear with Liberty's skirt lines visible. Some breast and leg details remain. Valued at $16$33.

Extremely Fine (EF-40): Light wear on high points. Most details clear but with some flatness. Valued at $22$40.

About Uncirculated (AU-50/58): Slight wear on highest points but retaining partial luster. Valued at $32.50$50.

Mint State Grades (MS-60 through MS-68)

MS-60 to MS-63: Full mint luster with noticeable bag marks, especially on Liberty's body and thigh. Strike quality varies. Common grades valued at $57$100.

MS-64 to MS-65: Attractive luster with fewer marks. Better strike quality expected. Valued at $120$165 for typical examples.

MS-66: Choice quality with minimal marks and strong luster. Strike quality becomes critical. Valued at $225$385.

MS-67 and Higher: Condition rarities with exceptional eye appeal, virtually mark-free surfaces, and strong strikes. Values jump dramatically: $879$57,600 depending on issue and grade.

Booker T. Washington Grading

1946 Booker T. Washington half dollar grade comparison

Booker T. Washington grades: MS-63, MS-65, and MS-67 showing quality progression

As a commemorative series sold to collectors, grading focuses on Mint State quality rather than circulated grades.

Key Wear Points: Washington's cheek, hair above ear, and jawline show wear first on the rare circulated examples.

MS-60 to MS-63: Full luster with noticeable contact marks, especially on Washington's face. Valued at $27$94.

MS-64 to MS-65: Better strike with fewer marks. Valued at $40$120.

MS-66 to MS-67: Choice to Gem quality with minimal marks and sharp strike. Natural toning often enhances value. Valued at $85$1,000.

MS-68 and Higher: Superb specimens with virtually perfect surfaces. Extremely rare with values reaching $8,000$31,200.

Die Varieties Worth Seeking

The 1946 Philadelphia Walking Liberty issue is described as a "rich hunting ground for variety collectors." Three significant varieties are recognized by major services.

1946 Doubled Die Obverse (DDO) FS-101 / VP-002

This is a major, sought-after variety featuring clear doubling on Liberty's breast, skirt, and the motto "IN GOD WE TRUST."

Attribution: Designated FS-101 in the Fivaz-Stanton reference and VP-002 by NGC VarietyPlus.

Diagnostics: Look for doubled design elements on Liberty's figure and motto lettering. Doubling is visible to the naked eye on higher-grade specimens.

Value: Carries significant premiums across all grades. Auction records show sales ranging from $31 for low-grade circulated examples to $6,469 for a PCGS MS-66 specimen (GreatCollections).

1946 Doubled Die Reverse (DDR) FS-801 / VP-001

1946 Walking Liberty doubled die reverse FS-801 showing diagnostic doubling

Famous 1946 DDR (FS-801): dramatic doubling visible on eagle's wing feathers and E PLURIBUS UNUM

This is the most famous 1946 variety, described as "so obvious as to be included in popular guide books." The doubling is dramatic and clear on the eagle's wing feathers and the motto "E PLURIBUS UNUM."

Attribution: Designated FS-801 in the Fivaz-Stanton reference and VP-001 by NGC VarietyPlus.

Diagnostics: Doubling is readily visible without magnification on the eagle's wing feathers and motto. This is among the most dramatic doubled dies in the Walking Liberty series.

Value: While "relatively common" for a major variety, it commands strong premiums far exceeding earlier guides' suggestions. Current values in Gem grades are substantial:

GradeValue Range
EF-45$150–$215
MS-63$1,150–$1,920
MS-64$1,325–$1,920
MS-65$2,640–$3,250
MS-66$3,480–$4,250
MS-66+$8,000–$9,400
MS-67$24,000

Source: PCGS CoinFacts

1946-S Repunched Mint Mark (RPM) S/S

A minor variety showing a clear secondary "S" mint mark, typically to the north or west of the primary mint mark.

Attribution: Designated CONECA RPM-001 and NGC VP-001.

Diagnostics: Under magnification, a secondary "S" impression is visible near the primary mint mark on the reverse.

Value: This is a minor variety. Certified Mint State examples carry modest premiums, with retail prices ranging from $55$60 to as high as $299.95 for premium grades.

💡 Collector Tip

The 1946 DDR (FS-801) is visible enough that raw (uncertified) examples can be found in coin shop junk bins and bulk silver lots. It's worth carefully examining any 1946 Philadelphia Walking Liberty half dollars you encounter.

Mint Errors on 1946 Half Dollars

Mint errors on 1946 half dollars resulted from post-war production pressures, aging equipment, and relaxed quality control. Values depend heavily on the severity and visual appeal of the error.

Clipped Planchet Errors

Occurs when the coin blank is improperly cut from the metal strip, resulting in a missing curved or straight edge segment.

Example Value: A 1946 Walking Liberty half dollar certified by ANACS as MS-64 with a clipped planchet was offered for $499.97.

Lamination Errors

A common flaw in silver planchets where impurities in the metal cause a small piece to flake or peel off the coin's surface.

Example Value: Minor lamination errors are relatively common and add modest premiums. Retail examples are available for around $49.95. Dramatic laminations covering significant surface area command higher premiums.

Missing Designer's Initials (AW)

A specific 1946 Walking Liberty reverse error, likely caused by over-polished dies that obliterated Weinman's "AW" monogram under the eagle's tail feathers.

Example Value: This minor error carries a retail asking price of $99.99 for typical examples.

Off-Center Strikes

Occurs when the planchet is not properly centered in the collar during striking, resulting in a coin with design elements shifted off-center.

Value Guidelines: No specific 1946 examples were documented in available research. General pricing for off-center errors:

  • Minor (5-10% off-center): adds $50$100
  • Dramatic (40-60% off-center) with visible date: $300$500+ depending on eye appeal

Broadstrikes

Struck outside the retaining collar, resulting in a coin with expanded diameter and no reeded edge.

Value Guidelines: No specific 1946 examples were documented. Broadstrikes typically valued similarly to off-center errors: $100$300+ depending on severity and eye appeal.

⚠️ Authentication Required

Error coins should be authenticated by PCGS, NGC, or ANACS before purchase. Post-mint damage (PMD) is commonly mistaken for mint errors. Certified examples provide assurance of authenticity and significantly improve marketability.

Authentication and Problem Identification

Comparison of cleaned versus original uncirculated half dollar luster

Authentication: original cartwheel luster (left) versus cleaned, lifeless surface (right)

The Walking Liberty half dollar is a heavily counterfeited series. Authentication requires careful examination of multiple diagnostics.

Counterfeit Detection: Fakes exhibit several telltale signs. Check for "odd luster" or unusual die polish not seen on genuine specimens. Details may appear either "mushy" and "soft" or, on modern fakes, artificially too strong—especially on the sun's rays. Look for tool marks such as "strange horizontal lines" on fields or devices. The "AW" designer's initials are often "mushy" or "nearly completely missing" on fakes. On "S" mint coins, the mint mark shape may be incorrect. When in doubt, compare weight (should be exactly 12.50 grams), diameter (30.6mm), and confirm silver composition (non-magnetic).

Cleaned Coins: Cleaning is irreversible and destroys numismatic value. A key diagnostic is altered luster. An original uncirculated coin exhibits a "cartwheel effect"—dynamic luster that appears to rotate as the coin is tilted under a light source. A cleaned coin displays flat, lifeless, or "just shiny" appearance. The most common sign of cleaning is hairlines: fine, parallel scratches in circular patterns caused by abrasive wiping or polishing. Cleaned coins are worth significantly less than properly graded examples and may be rejected by certification services.

Booker T. Washington Authentication: Less frequently counterfeited due to lower values and commemorative status. Standard verification includes checking weight (12.50g), diameter (30.6mm), reeded edge, and silver composition (non-magnetic). Most authentication concerns center on identifying problem coins (cleaning, damage) rather than outright fakes.

Third-Party Certification: For any 1946 half dollar valued above $100, third-party certification by PCGS or NGC provides authentication, accurate grading, and tamper-evident encapsulation. This is particularly critical for high-grade Walking Liberty examples (MS-66+) where values escalate rapidly, and for any claimed variety or error coin.

Preservation and Storage

All 1946 half dollars contain 90% silver (0.3617 troy ounces actual silver weight) and require protection from environmental damage to preserve numismatic value.

Storage Requirements: Coins should be stored in archival-quality, inert (non-PVC) holders. Avoid vinyl flips containing polyvinyl chloride (PVC), which causes irreversible green corrosion on silver. Recommended storage options include rigid plastic holders (Saflips), archival paper envelopes, or certified slabs from PCGS/NGC. Store in a cool, dry environment with stable temperature and low humidity to prevent toning acceleration or spotting.

Handling Best Practices: Handle coins by the edges only, never touching obverse or reverse surfaces. Wear cotton gloves for uncirculated examples. Even clean fingers transfer oils that can cause spots over time. For circulated coins, careful handling prevents additional damage that reduces value.

Never Clean Coins: Cleaning removes original mint luster, creates damage, and destroys numismatic value. Even natural toning that some collectors find unattractive should be left intact—cleaning will reduce value below that of a naturally toned example. If a coin requires conservation, use professional services offered by PCGS or NGC rather than attempting home cleaning.

Professional Certification: For any coin of significant value, third-party certification and encapsulation by PCGS or NGC provides the best long-term protection against environmental damage and handling wear while ensuring market liquidity. Certified coins in tamper-evident slabs are preferred by serious collectors and dealers.

Frequently Asked Questions

How much is my 1946 half dollar worth?

Value depends on which design and mint mark you have. A 1946 Walking Liberty ranges from $13 (G-4) to $57,600 (MS-68), with the 1946-D being the key date. A 1946 Booker T. Washington commemorative ranges from $15 (AU-50) to $31,200 (MS-68). Grade and condition are critical value factors—consult the detailed price guide section above for specific values by mint mark and grade.

What are the two different 1946 half dollar designs?

1946 is unique as the only year the U.S. Mint produced two entirely different half dollar designs. The Walking Liberty Half Dollar (designed by Adolph A. Weinman) was struck for general circulation and shows Liberty walking toward a rising sun on the obverse with an eagle on the reverse. The Booker T. Washington Memorial Half Dollar (designed by Isaac Scott Hathaway) was a commemorative coin sold to collectors, featuring a portrait of Booker T. Washington on the obverse and the Hall of Fame building with his birthplace cabin on the reverse.

How do I identify the mint mark on my 1946 half dollar?

For Walking Liberty half dollars, the mint mark (D or S) is located on the reverse in the lower-left field, below the pine branch. Philadelphia issues have no mint mark. For Booker T. Washington commemoratives, the mint mark is on the reverse below the log cabin. Refer to the identification images in this guide showing exact mint mark locations.

Should I get my 1946 half dollar professionally graded?

Professional grading by PCGS or NGC is recommended for: (1) Any coin you believe is MS-65 or higher—values increase dramatically at these grades, and certification confirms grade and authenticity. (2) Any variety coin (1946 DDO, DDR, or RPM). (3) Any error coin. (4) Coins you plan to sell—certified coins bring significantly higher prices and sell faster than raw examples. For common circulated grades (G-4 through EF-40), certification costs may exceed the coin's value unless you're building a certified set.

What is the difference between a weak strike and wear on Walking Liberty half dollars?

This is the most critical distinction in grading Walking Liberty half dollars. A weak strike shows incomplete design details but retains full mint luster in those areas—the coin was never circulated, just poorly struck at the mint. Wear shows smooth, lustless areas on high points where circulation rubbed away metal and luster. The presence of luster confirms the coin is uncirculated (MS) despite weak details. Confusing the two can result in undervaluing an MS-63 weak strike as an AU-58 circulated coin—a significant price difference.

Is my 1946 half dollar silver or just silver-plated?

All 1946 half dollars (both Walking Liberty and Booker T. Washington) are 90% silver and 10% copper throughout—not plated. Each coin contains 0.3617 troy ounces of actual silver weight. Based on November 2025 silver prices (~$48.80/oz), the melt value is approximately $17.65. You can verify silver content by weight (should be exactly 12.50 grams) and using a magnet (genuine silver coins are non-magnetic).

What is the famous 1946 DDR variety worth?

The 1946 Doubled Die Reverse (FS-801) is the most dramatic variety in the series, showing clear doubling on the eagle's wing feathers and E PLURIBUS UNUM motto. Values range from $150$215 in EF-45 to $24,000 in MS-67. Even in circulated grades, this variety commands strong premiums over regular 1946 Philadelphia issues. It's visible enough that raw examples can sometimes be found in unsearched accumulations.

How can I tell if my 1946 half dollar has been cleaned?

Look for these telltale signs: (1) Hairlines—fine parallel scratches, often in circular patterns, caused by abrasive cleaning. (2) Unnatural luster—cleaned coins have a flat, "just shiny" appearance rather than the rotating cartwheel effect of original luster. (3) Unnatural color—overly bright white or artificially even toning. Cleaning is irreversible and significantly reduces value. Certification services will identify cleaned coins, which dramatically impacts resale value.

Why is the 1946-D Walking Liberty worth more than higher-mintage dates?

While the 1946-D has the lowest mintage (2,151,000) of the 1941–1947 issues, it presents a numismatic paradox. Huge quantities of uncirculated rolls were saved by speculators in 1946, making MS-60 through MS-65 examples readily available and affordable. However, post-war budget cuts meant dies were used too long, resulting in generally poor strike quality. The true value premium appears at MS-66 and above, where properly struck examples are "almost impossible to find." This condition rarity drives values to $31,200 for MS-67+ specimens.

Are Booker T. Washington commemoratives worth more than Walking Liberty half dollars?

Not necessarily—it depends entirely on grade and condition. In typical grades (MS-63 to MS-65), Walking Liberty and Booker T. Washington issues have comparable values. However, top-grade Walking Liberty examples (MS-67+) command higher premiums due to strike challenges and extreme condition rarity. The 1946 Walking Liberty MS-68 auction record ($57,600) exceeds the Booker T. Washington MS-68 record ($31,200). For collectors, the choice is between a circulation-strike series (Walking Liberty) and a commemorative series (BTW), each with distinct appeal.

Research Methodology and Sources

This guide synthesizes data from multiple authoritative numismatic sources to provide comprehensive, accurate pricing and technical information for 1946 U.S. half dollars.

Primary Sources: Pricing data compiled from PCGS CoinFacts, NGC Coin Explorer, auction records from major houses including Stack's Bowers, GreatCollections, and Heritage Auctions, retail dealer pricing from APMEX, and reference works including the Red Book (Guide Book of United States Coins).

Variety Attribution: Die variety information sourced from NGC VarietyPlus, the Fivaz-Stanton Cherrypickers' Guide reference system, and CONECA (Combined Organizations of Numismatic Error Collectors of America) attributions.

Market Valuation: Where significant price divergence exists between sources (particularly at top grades), both PCGS and NGC valuations are provided along with relevant auction comparables. Silver melt values calculated using spot silver price of $48.80 per troy ounce (November 2025 market data).

Important Disclaimer: Coin values fluctuate based on precious metal prices, market demand, and economic conditions. Prices in this guide represent market ranges at time of publication (November 2025) and should be verified with current dealer quotes or recent auction results before buying or selling. Actual realized prices depend on individual coin quality, eye appeal, and market timing.

A note on images: To help illustrate coin diagnostics and rare varieties — especially complex errors that are difficult to describe in text alone — this guide uses AI-generated images. All written values, diagnostics, and variety attributions have been manually reviewed against the cited sources above. While our editorial team works to ensure every image is accurate and helpful, AI-generated illustrations may occasionally misrepresent fine details. If you spot any discrepancy between an image and its written description, please contact us or leave a comment below — we review all feedback and correct errors promptly. Numismatic knowledge is a community effort, and your input helps us build a more accurate resource for everyone.

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