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However, challenges have emerged, as these methods may generate unrealistic artifacts or hallucinations, which can interfere with analysis in safety-critical scenarios. This paper introduces a framework for quantifying and characterizing hallucinated artifacts in image reconstruction models. The proposed method, termed the Conformal Hallucination Estimation Metric (CHEM), enables the identification of hallucination-prone regions in model predictions. It leverages wavelet and shearlet representations to localize such regions at the level of image features, and uses conformalized quantile regression to assess hallucination levels in a distribution-free manner. A theoretical analysis is provided, characterizing the sensitivity of CHEM to hallucinated artifacts and its relationship to the mean squared error. 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