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There were a multiple varieties of 50¢ coin struck in 1836.The most common one has a smooth edge like a modern nickel or penny, and has the denomination expressed as "50c"

Numismedia lists the following retail values as of 01/2012:

Very worn condition - $61

Moderately worn - $81

Slightly worn - $100

Almost no wear - $300-1000 depending on very specific wear points

Uncirculated - $1100-$15,000

If the denomination was recut, with "00" visible underneath "50", retail values are anywhere from 25% to 100% higher.

The rarest type has a grooved ("reeded") edge like a modern dime or quarter, and has the word "cents" spelled out. This variety sells for $900 to $50,000 depending on quality - but beware of smooth-edge coins that have been altered. The best way to tell them apart is to look at the denomination.

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Q: What is the value of an 1836 US half dollar?
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