The 2002 Silver Dollar was produced in two finishes: proof and uncirculated. The proof coins are more valuable than the uncirculated coins due to their higher quality and limited mintage. Proof coins are struck on specially prepared blanks and receive additional polishing and finishing. The 2002 Silver Dollar proof coin has a mintage of 530,220, while the uncirculated coin has a mintage of 1,063,025.
The condition of a coin also plays a significant role in its value. Coins that are well-preserved and free of any damage or wear are more valuable than those that are worn or damaged. The 2002 Silver Dollar is graded on a scale from Poor-1 to Mint State-70 by third-party grading services such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC). Coins graded higher are generally more valuable.
In summary, the value of a 2002 Silver Dollar depends on several factors, including its silver content, finish (proof or uncirculated), condition, and rarity. As of February 2023, its melt value is approximately $22.50, but its actual worth may vary depending on market conditions and the specific characteristics of the coin.