R: The Walking Liberty half dollar, minted from 1916 to 1947, is considered one of the most beautiful coins in American numismatics. Designed by Adolph A. Weinman, its artistic depiction of Lady Liberty striding toward the dawn of a new day has made it a favorite among collectors. Among the series, the 1917 Walking Liberty half dollar stands out as a rare and valuable coin, with certain varieties and conditions reaching values as high as $175,000.
Historical Background
The Walking Liberty half dollar was introduced during a period of change in U.S. coinage, replacing the Barber half dollar. Its design was part of a broader movement to create coins that reflected artistry and national pride. The 1917 issue is particularly significant because it was only the second year of production, and it included both obverse and reverse mint mark placements, creating collectible varieties.
Key Varieties of the 1917 Half Dollar
- 1917 (Philadelphia Mint, no mint mark): Common compared to other varieties, but valuable in high grades.
- 1917-D Obverse Mint Mark: The Denver Mint placed the “D” mint mark on the obverse, making this variety rare and highly collectible.
- 1917-D Reverse Mint Mark: Later in the year, the mint mark was moved to the reverse, creating another distinct variety.
- 1917-S Obverse and Reverse Mint Marks: San Francisco also produced coins with both placements, adding to the diversity of the series.
Why the 1917 Half Dollar Is Valuable
The value of the 1917 Walking Liberty half dollar comes from a combination of rarity, condition, and historical significance. Coins with obverse mint marks are scarcer than those with reverse marks, and high-grade examples are extremely rare. Collectors prize these coins not only for their scarcity but also for their artistic design and place in numismatic history.
Auction Records and Market Value
High-grade 1917 Walking Liberty half dollars have achieved remarkable prices at auction. Coins with full strike details, especially those showing sharp definition in Liberty’s gown and the eagle’s feathers, can reach values up to $175,000. These sales highlight the coin’s legendary status and its ability to attract serious collectors and investors.
The Role of Condition
Condition is critical in determining value. Coins graded at the highest levels by professional services command the highest prices. Even minor wear can significantly reduce value, which is why collectors go to great lengths to preserve these rare finds. Uncirculated examples with full strike details are the most desirable.
Collector Insights
- Learn to distinguish obverse and reverse mint mark varieties.
- Inspect coins carefully for strike quality, as sharp details greatly increase value.
- Preserve coins in protective holders to prevent wear and damage.
- Seek professional grading for coins that appear rare or pristine.
- Stay informed about auction results and market trends to understand current values.
Conclusion
The 1917 Walking Liberty half dollar is more than just a coin; it is a masterpiece of design and a symbol of American history. Worth up to $175,000 in rare varieties and pristine condition, it continues to inspire collectors worldwide. Its story proves that artistry, rarity, and preservation can converge to create extraordinary value, reminding us that even a half dollar can hold immense worth.
