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Not gold, but gold-plated. Among other things, from 1933 to the 1970s it was illegal to own gold, and in any case a gold coin the size of a half dollar would have been worth loads more than 50 cents.

The good news is that while the coin only has a few cents worth of gold plating, the underlying silver coin is worth about 1/3 of the going price for silver metal - as of 04/2011, over $10.

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Q: What is the value of a gold 1942 US half dollar?
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