The Walking Liberty Half Dollar is one of the most iconic coins in American history. Designed by Adolph A. Weinman, it was first minted in 1916 and quickly became admired for its artistic beauty. Among the series, the 1917 Walking Liberty Half Dollar stands out as a rare treasure, with certain varieties valued at up to $175,000. Remarkably, some examples have even been discovered in circulation, making this coin a fascinating blend of history, artistry, and fortune.
The History of the Walking Liberty Half Dollar
The Walking Liberty design was introduced to replace the Barber Half Dollar, which had been in circulation since 1892. Weinman’s design featured Lady Liberty striding confidently toward the dawn of a new day, draped in the American flag, with branches of laurel and oak in her arms. The reverse depicted a majestic eagle perched on a mountain crag.
Minted from 1916 to 1947, the Walking Liberty Half Dollar is considered one of the most beautiful coins ever produced by the U.S. Mint. Its design was so admired that it was later revived for the American Silver Eagle bullion coin in 1986.
The 1917 Issue and Its Varieties
The 1917 Walking Liberty Half Dollar is particularly notable because it was produced with two different mint mark placements. Early in the year, mint marks were placed on the obverse, just below “In God We Trust.” Later, the mint mark was moved to the reverse, beneath the eagle.
This change created two distinct varieties:
- 1917 Obverse Mint Mark
- 1917 Reverse Mint Mark
Both varieties were struck at the Denver and San Francisco Mints, making four collectible types in total.
Why the 1917 Coin Is So Valuable
Several factors contribute to the extraordinary value of the 1917 Walking Liberty Half Dollar:
- Rarity: Certain varieties, especially in high grades, are scarce.
- Condition: Coins graded Mint State or Prooflike can command enormous premiums.
- Historical significance: As an early issue in the series, the 1917 coin holds special importance.
- Collector demand: Walking Liberty Half Dollars are beloved by numismatists, driving strong market interest.
High‑grade examples of the 1917 obverse mint mark variety have sold for over $175,000 at auction, making them among the most valuable half dollars ever produced.
Still Found in Circulation
One of the most intriguing aspects of the 1917 Walking Liberty Half Dollar is that examples occasionally surface in circulation. While rare, stories of collectors finding these coins in rolls of half dollars or inherited collections continue to inspire treasure hunters. The possibility of discovering a coin worth thousands in everyday change adds excitement to the hobby of coin collecting.
Other Valuable Walking Liberty Half Dollars
While the 1917 issue is among the most valuable, other dates in the series are also highly prized:
- 1921 Walking Liberty Half Dollar, especially from the Denver and San Francisco Mints.
- 1938‑D Walking Liberty Half Dollar, with low mintage numbers.
- High‑grade examples from the early 1920s, which are difficult to find in pristine condition.
These coins, while not as valuable as the rarest 1917 varieties, can still command impressive prices.
How to Identify a 1917 Walking Liberty Half Dollar
Collectors should pay close attention to the following details:
- Date: Ensure the coin is from 1917.
- Mint mark: Check whether the mint mark is on the obverse or reverse.
- Condition: Examine the coin’s wear, luster, and strike quality.
- Authentication: Consider professional grading to confirm authenticity and establish value.
The Role of Coin Grading
Professional grading services such as PCGS and NGC play a crucial role in determining the value of rare coins. A 1917 Walking Liberty Half Dollar graded Mint State‑65 or higher can be worth tens of thousands, while lower‑grade examples may be valued at only a few hundred. Grading provides assurance to buyers and sellers, making it essential for high‑value coins.
Collecting Walking Liberty Half Dollars
For collectors, the Walking Liberty Half Dollar series offers both beauty and challenge. Completing a full set requires patience and dedication, as certain dates and mint marks are difficult to find. The 1917 issue, with its varieties and rarity, is often considered a centerpiece of any collection.
Key Highlights
- The Walking Liberty Half Dollar was introduced in 1916 and minted until 1947.
- The 1917 issue features two mint mark placements, creating distinct varieties.
- High‑grade 1917 coins can be worth up to $175,000.
- Rare examples have occasionally been found in circulation.
- Professional grading is essential for determining authenticity and value.
Final Words
The 1917 Walking Liberty Half Dollar is more than just a coin; it is a piece of American history and artistry. Its rarity, beauty, and potential value make it one of the most exciting discoveries for collectors. Whether found in circulation or purchased at auction, owning a 1917 Walking Liberty Half Dollar is like holding a treasure from the past.
For those who appreciate the blend of history and fortune, this coin represents the pinnacle of numismatic collecting. As long as coins continue to circulate and collections are passed down, the dream of finding a rare 1917 Walking Liberty Half Dollar remains alive.
