Walking Liberty Half Dollar Value: A Complete Guide for Collectors and Investors
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The Walking Liberty Half Dollar, minted from 1916 to 1947, is one of the most beautiful and iconic coins in American history. Designed by the legendary sculptor Adolph A. Weinman, its graceful imagery and historical significance make it highly desirable among collectors, investors, and precious metals enthusiasts.
If you own one of these coins—or are considering adding one to your collection—you might be wondering, “What is my Walking Liberty Half Dollar coin value?” The answer depends on several factors, from its date and mint mark to its condition and silver content.
In this in-depth guide, Premier Coin Galleries—Long Island’s trusted rare coin experts—will help you understand everything you need to know about the walking liberty half dollar coin value, including history, grading, key dates, and tips for selling or investing.
A Brief History of the Walking Liberty Half Dollar
The Walking Liberty Half Dollar was born out of a nationwide initiative to beautify American coinage in the early 20th century. The U.S. Mint invited prominent artists to redesign several denominations, replacing outdated designs with fresh, symbolic imagery.
When the coin debuted in 1916, Weinman’s artwork captured the nation’s imagination.
- Obverse (Front): Lady Liberty is shown striding toward the sunrise, draped in the American flag, carrying laurel and oak branches—symbols of civil and military glory.
- Reverse (Back): A bald eagle, wings partly unfolded, perches confidently on a rocky crag, surrounded by mountain pine.
Minted at Philadelphia (no mint mark), Denver (D), and San Francisco (S), the Walking Liberty Half Dollar circulated widely until 1947, when it was replaced by the Franklin Half Dollar.
Today, the design remains so beloved that it was revived for the American Silver Eagle bullion coin introduced in 1986.
5 Factors that Impact Walking Liberty Coin Value
Although every Walking Liberty Half Dollar contains 90% silver (about 0.3617 troy ounces), the value can vary dramatically—sometimes by hundreds or even thousands of dollars—depending on the following factors.
1. Date and Mint Mark
Some years and mints produced far fewer coins than others. Key dates with low mintage numbers are much more valuable. For example:
- 1921 (all mints) — extremely scarce due to low production during the post–World War I recession.
- 1916-S — one of the earliest and most desirable coins in the series.
The mint mark is located on the reverse, just below the olive branch.
2. Condition / Grade
Grading measures a coin’s state of preservation. Even a common date Walking Liberty Half Dollar can see its value skyrocket in high grades.
The most widely used scale is the Sheldon Grading Scale, which ranges from Poor (P-1) to Mint State (MS-70).
- Good (G-4): Heavy wear, but the major details are still visible.
- Fine (F-12): Moderate wear, with more visible detail.
- Extremely Fine (EF-40): Light wear, strong details.
- Mint State (MS-60 and above): No wear, full original luster.
3. Rarity
Some coins were struck in such small numbers—or have survived in so few high-grade examples—that they are incredibly rare. Rarity can boost the Walking Liberty Half Dollar coin value exponentially, especially when demand from collectors is high.
4. Silver Content and Bullion Value
Because each coin contains 0.3617 troy ounces of silver, the spot price of silver influences its base value. For example, if silver is $25 per ounce, the intrinsic silver value is about $9.04. However, collectible value often far exceeds bullion value for rare or high-grade coins.
5. Historical Significance
Coins with a rich backstory—such as being part of a key mintage year or connected to a historic event—tend to have greater appeal and value.
Walking Liberty Half Dollar Coin Value: Price Ranges
While values can change based on silver prices and market demand, here is a general guide for Walking Liberty Half Dollar values:
| Category | Typical Value Range |
|---|---|
| Common Dates (Circulated) | $10 – $20 |
| Common Dates (Mint State) | $50 – $150+ |
| Key Dates (e.g., 1916-S, 1921-D, 1921-S) Circulated | $50 – $1,500+ |
| Key Dates (High Grade) | $2,000 – $10,000+ |
| Proof Coins (1936–1942) | $1,000 – $5,000+ |
Examples of High-Value Coins
- 1916-S: $50 to $250+ depending on grade
- 1921-D: $200 to $1,000+ in circulated grades
- 1921-S: $300 to $1,500+ in circulated grades; much higher in uncirculated
- Proof 1936–1942: Often $2,500 or more in top condition
Determining the Value of a Walking Liberty Half Dollar
Step 1: Check the Date and Mint Mark
Locate the mint mark on the reverse below the olive branch. Record the year and mint mark combination.
Step 2: Evaluate the Condition
Compare your coin’s wear patterns to grading reference photos, or better yet, have it examined by a professional dealer.
Step 3: Check Silver Prices
Look up the current silver spot price to understand the coin’s minimum melt value.
Step 4: Research Recent Sales
Check auction results for similar coins in your coin’s date, mint, and grade.
Step 5: Get a Professional Appraisal
Premier Coin Galleries can evaluate your coin in person, confirm authenticity, and give you an accurate market-based value.
How to Sell Your Walking Liberty Half Dollar
- Avoid pawn shops: They typically pay only melt value for silver coins.
- Work with reputable coin dealers: Premier Coin Galleries specializes in both buying and selling these coins, ensuring you receive competitive offers based on collector demand—not just silver weight.
- Consider timing: Selling when silver prices or collector interest are high can increase your payout.
- Have documentation: Graded coins with authentication from PCGS or NGC often sell for higher prices.
How to Invest in Walking Liberty Half Dollars
The Walking Liberty Half Dollar offers dual investment appeal:
- Precious Metal Content: With 90% silver, it offers a tangible hedge against inflation.
- Numismatic Value: Rare dates and high-grade examples appreciate over time due to collector demand.
At Premier Coin Galleries, we help clients identify investment-worthy coins, whether for a diversified portfolio or a long-term collectible strategy.
Why Choose Premier Coin Galleries?
- Over 30 years of experience in rare coin dealing
- Expert appraisals based on current market data
- Competitive offers for sellers
- Authentic, high-quality coins for buyers
- Personalized service for both new and seasoned collectors
Final Thoughts on Walking Liberty Half Dollar Coin Value
The Walking Liberty Half Dollar is more than just a silver coin—it’s a piece of American history. Its value can range from $10 for common circulated coins to several thousand dollars for rare, high-grade, or proof issues.
Whether you’re holding onto a family heirloom or hunting for a key date to complete your set, understanding the factors that determine its value will help you make informed decisions.
If you’re ready to buy, sell, or appraise your Walking Liberty Half Dollar, contact Premier Coin Galleries today. We’ll help you unlock its true value.
Frequently Asked Questions
How much silver is in a Walking Liberty Half Dollar?
Each coin contains 0.3617 troy ounces of silver, composed of 90% silver and 10% copper.
What is the most valuable Walking Liberty Half Dollar?
Some of the highest-value coins include the 1921-S and 1921-D in high grades, as well as proof coins from 1936–1942.
How can I tell if my coin is uncirculated?
Uncirculated coins show no wear on the high points, retain full mint luster, and have sharp details. Professional grading is recommended.
Where can I sell my Walking Liberty Half Dollar on Long Island?
Premier Coin Galleries is a trusted buyer offering competitive prices for Walking Liberty Half Dollars and other rare coins.