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Half dollars were minted in very small quantities during the 1870s and 1880s. Only 5000 circulation strikes were made in 1887 so a Seated Liberty half with that date is a moderately rare coin. Numismedia shows the following retail values as of 01/2010

Very worn condition - $450

Moderately worn - $570

Slightly worn - $770

Almost no wear - $950

Uncirculated - $1050-14,200

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15y ago

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