1917 Walking Liberty Half Dollar Value: The 1917 Walking Liberty Half Dollar is one of the most iconic coins in U.S. numismatics. Struck during a period of significant historical and economic change, the coin features a beautifully detailed design by artist Adolph A. Weinman. While millions of these coins were minted, a small number of key varieties and high-grade examples have become highly coveted by collectors. In some cases, a well-preserved 1917 Walking Liberty Half Dollar can be worth up to $175,000. Understanding the factors that contribute to its value can help you identify whether you’re holding onto a rare treasure or a common piece of American history.
The History Behind the Walking Liberty Half Dollar
The Walking Liberty Half Dollar was first issued in 1916, replacing the Barber Half Dollar in circulation. The coin features a stunning depiction of Lady Liberty, walking towards the rising sun, enveloped in a flag. This design quickly became one of the most celebrated in American coinage history. The reverse of the coin features a majestic eagle, which, like the obverse, was skillfully crafted by Weinman.
In 1917, the U.S. Mint made some subtle but important changes to the Walking Liberty Half Dollar. These variations are key to understanding the coin’s value today, as they played a major role in distinguishing different types of 1917 Walking Liberty Half Dollars.
Key Variations in the 1917 Walking Liberty Half Dollar
The 1917 Walking Liberty Half Dollar can be divided into two major types: the “Obverse Mintmark” and “Reverse Mintmark” varieties. Understanding these differences is crucial when assessing the coin’s rarity and potential value.
1. 1917 Type 1 – No Mintmark on the Obverse
The 1917 Type 1 Walking Liberty Half Dollar is characterized by its obverse design, which features Lady Liberty with her right hand outstretched and the date “1917” on the bottom. The most notable feature of the Type 1 is the absence of a mintmark, signifying that it was minted at the Philadelphia Mint. This variety of the coin was struck in significant numbers, making it less rare than some other versions. However, higher-grade examples can still command significant prices, particularly those that have been well-preserved or show minimal wear.
2. 1917 Type 2 – Obverse Mintmark and Reverse Changes
The 1917 Type 2 Walking Liberty Half Dollar, on the other hand, is distinguished by changes to both the obverse and reverse designs. The obverse features Lady Liberty holding her right hand higher than in Type 1, and this version includes a mintmark on the obverse near the neck of the figure. The reverse was also redesigned, with a larger, more prominent eagle. These changes were made to improve the coin’s design and ease of production, but they also contribute to the rarity of the Type 2 variety. As a result, 1917 Type 2 coins are rarer and more valuable, especially in high-grade conditions.
Factors That Affect the Value of a 1917 Walking Liberty Half Dollar
Several factors determine the value of a 1917 Walking Liberty Half Dollar. These include the coin’s type, mintmark, condition, and any potential errors or unique characteristics. Let’s take a closer look at these factors.
1. Mintmark and Minting Location
As mentioned earlier, the mintmark on the obverse of a 1917 Walking Liberty Half Dollar indicates where it was struck. The Philadelphia Mint typically did not include a mintmark on coins, so the absence of a mintmark is associated with coins from Philadelphia. However, the 1917 Type 2 variety, with the mintmark on the obverse, was struck at both the Denver and San Francisco mints, making those coins rarer.
Coins minted in San Francisco or Denver are generally more valuable due to their lower mintage and the fact that they were not widely circulated. Coins from the Philadelphia Mint are more common but still highly sought after if they are in excellent condition.
2. Condition and Grading
The condition of the coin plays a huge role in determining its value. Coins that are well-preserved, with sharp details, luster, and minimal wear, are worth much more than those that have been heavily circulated. Collectors use a scale called the Sheldon Scale to grade coins, with grades ranging from Poor (P-1) to Mint State (MS-70). Coins in the highest grades, such as MS-67 or MS-68, can be worth significantly more than those in lower grades.
For example, a 1917 Walking Liberty Half Dollar in MS-65 might be valued at several hundred dollars, while one in MS-67 could be worth a few thousand. Coins with exceptional quality, especially those with no visible wear and perfect surfaces, are among the most valuable.
3. Rarity and Demand
Rarity is another key factor in determining the value of a 1917 Walking Liberty Half Dollar. The rarer the coin, the higher the demand, which can drive up its price. As with all rare coins, demand from collectors plays a significant role in pricing. Coins from specific mints, or coins with unique errors, can attract higher prices when they are available for sale.
Additionally, the year of issue matters in terms of demand. While 1917 is not as rare as some other years, the high demand for coins from this period, combined with the coin’s historical significance, adds to its value.
Notable 1917 Walking Liberty Half Dollar Sales
While most 1917 Walking Liberty Half Dollars are worth between $10 and $100 in lower grades, certain high-grade examples have sold for far more. Coins in MS-67 or MS-68 can easily reach thousands of dollars. In rare cases, coins with unique features, such as mint errors or extreme preservation, have sold for tens of thousands. For example, a 1917 Walking Liberty Half Dollar in MS-67 sold for around $40,000 at auction.
The most valuable 1917 Walking Liberty Half Dollars are those with pristine surfaces and exceptional eye appeal. Coins from key mints, particularly those with a unique combination of high-grade condition and rarity, can fetch values as high as $175,000 or more.
How to Identify a Valuable 1917 Walking Liberty Half Dollar
To determine whether your 1917 Walking Liberty Half Dollar is valuable, start by examining the type and mintmark. Look for any signs of wear or damage, and assess the condition of the coin. If the coin is in excellent shape with sharp details and no visible scratches or marks, it may be worth getting professionally graded.
If you suspect your coin might be a rare or high-grade example, consider having it appraised by a certified numismatist. Professional grading services, such as the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS), can provide a precise grade and authenticate your coin.
Conclusion
The 1917 Walking Liberty Half Dollar is a beautiful and historically significant coin that continues to captivate collectors. With key varieties, such as the 1917 Type 2 and coins from specific mints, there are opportunities to find rare examples worth thousands or even hundreds of thousands of dollars. Whether you’re a seasoned collector or a beginner, understanding the factors that affect the value of these coins can help you identify valuable specimens. A well-preserved 1917 Walking Liberty Half Dollar is not only a piece of American history but also a potential treasure worth cherishing.
Disclaimer
This article is for educational purposes only and does not constitute investment advice. Coin values fluctuate depending on market conditions, rarity, demand, and coin condition. Always consult a professional numismatist or certified grading service before buying, selling, or determining the value of a rare coin.