- Condition: The overall condition of the coin, including the presence of any damage or wear, can have a significant impact on its value. Coins that are well-preserved and have no major flaws will be worth more than those that have been damaged or worn.
- Rarity: The rarity of the coin can also affect its value. Some 1860 silver half dollars are rarer than others, and these rarer coins will be worth more.
- Mint mark: The mint mark on the coin can also affect its value. Coins that were minted at the Philadelphia Mint (no mint mark) are more common than those that were minted at other mints, and they will therefore be worth less.
- Grade: The grade of the coin, determined by a professional coin grading service such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC), provides an objective measure of the coin's condition and rarity, which can significantly affect its value.
In general, an 1860 silver half dollar in circulated condition can be worth between $10 and $50. However, coins that are in uncirculated condition or that are rare can be worth much more. For example, an uncirculated 1860 silver half dollar from the Philadelphia Mint can be worth over $1,000.