1917 Walking Liberty Half Dollar Value Guide: The Walking Liberty Half Dollar ranks among the most celebrated coins ever produced by the United States. Created by renowned sculptor Adolph A. Weinman, the series began in 1916 and continued through 1947 under the authority of the United States Mint. Within this historic series, the 1917 Walking Liberty Half Dollar holds special importance because of its distinctive mint mark variations, collectible scarcity, and strong market demand. In exceptional condition, certain examples have reached values approaching $175,000.
1917 Walking Liberty Half Dollar Value Chart
| Variety | Good (G-4) | Fine (F-12) | Extremely Fine (EF-40) | Mint State (MS-65) |
|---|---|---|---|---|
| 1917 No Mint Mark | $20 | $40 | $150 | $5,000+ |
| 1917-D Obverse | $50 | $150 | $1,000 | $50,000+ |
| 1917-D Reverse | $30 | $75 | $400 | $15,000+ |
| 1917-S Obverse | $75 | $200 | $1,500 | $175,000+ |
| 1917-S Reverse | $40 | $100 | $600 | $20,000+ |
The year 1917 unfolded during a defining chapter in American history as the nation entered World War I. Economic shifts and patriotic sentiment influenced many aspects of public life, including coinage. The Walking Liberty design reflected optimism and national strength. Liberty strides toward the rising sun, wrapped in the American flag, symbolizing hope and determination. On the reverse, a powerful eagle rests confidently on a rocky base beside a young pine sapling, representing endurance and renewal.
Historical Background of the 1917 Walking Liberty Half Dollar
When the United States joined the global conflict in 1917, symbols of unity and resilience carried deep meaning. The Walking Liberty motif captured that spirit in metal form. It replaced the older Barber Half Dollar design, introducing a more dynamic and artistic style that resonated with the public. Over time, the design became so admired that it was later revived for the American Silver Eagle bullion coin decades later.
Design Details and Symbolism
The obverse imagery highlights Liberty in motion, holding branches of laurel and oak. Laurel traditionally signifies peace, while oak reflects strength and courage. The flowing flag draped across her shoulders emphasizes national pride. The reverse eagle, alert and poised, reinforces themes of vigilance and independence. Collectors often praise the coin for its sculptural depth and intricate detail, especially when found in high grades with sharp strikes.
Mint Marks and 1917 Varieties
The 1917 Walking Liberty Half Dollar was struck at three facilities: Philadelphia, Denver, and San Francisco. Philadelphia coins carry no mint mark, while Denver pieces bear a D and San Francisco coins feature an S.
What makes the 1917 issue particularly fascinating is the placement of these mint marks. Early in the year, the mint mark appeared on the obverse beneath the motto. Later, it was moved to the reverse side. This adjustment created two versions for both Denver and San Francisco, resulting in five recognized varieties:
1917 No Mint Mark
1917-D Obverse Mint Mark
1917-D Reverse Mint Mark
1917-S Obverse Mint Mark
1917-S Reverse Mint Mark
Coins with the mint mark positioned on the obverse are generally more difficult to locate, especially in well-preserved condition. The 1917-S Obverse variety stands out as the rarest and most valuable when graded at the highest levels.
Rarity and Collectibility
Scarcity depends largely on mint location and condition. San Francisco issues are typically harder to obtain in Mint State grades, while heavily circulated pieces from all mints remain relatively accessible. Many collectors aim to assemble a complete 1917 variety set, increasing competition for premium examples. High-grade survivors are limited, which drives significant auction interest.
Key Value Factors
Several elements influence the 1917 Walking Liberty Half Dollar value:
Mint mark placement
Overall preservation and grade
Strike sharpness and detail clarity
Surface quality and eye appeal
Certified authentication
Even small differences in grade can dramatically affect market price. Coins graded MS-65 or above are considered condition rarities, often commanding impressive premiums.
Grading Standards for the 1917 Half Dollar
Professional grading services such as the Professional Coin Grading Service and the Numismatic Guaranty Company evaluate coins using the Sheldon Scale from 1 to 70. A coin graded Good (G-4) shows heavy wear but retains basic outlines. Fine (F-12) examples display clearer details, while Extremely Fine (EF-40) pieces reveal only light wear on high points. About Uncirculated (AU-50) coins show minimal friction, and Mint State grades indicate no circulation wear at all.
Investment Potential of the 1917 Walking Liberty Half Dollar
Beyond its historical charm, the 1917 Walking Liberty Half Dollar is viewed by many as a tangible asset. Rare coins with strong demand and limited supply often appreciate over time. High-grade examples, especially key varieties like the 1917-S Obverse, have demonstrated remarkable auction performance. While not guaranteed, carefully selected coins can serve both as collectibles and long-term stores of value.
Preservation and Storage Tips
Maintaining condition is essential for protecting value. Store coins in acid-free holders or certified slabs. Avoid excessive handling, and never clean a collectible coin, as cleaning can permanently reduce its worth. Keep coins in a dry, temperature-stable environment away from direct sunlight.
Final Verdict
The 1917 Walking Liberty Half Dollar represents a remarkable blend of artistry, symbolism, and historical significance. With its unique mint mark variations and limited high-grade survivors, it remains one of the most desirable coins in American numismatics. While many circulated examples are affordable, top-condition rarities have achieved prices up to $175,000, solidifying this coin’s reputation as both a treasured collectible and a potential investment piece.
Disclaimer
Values mentioned in this 1917 Walking Liberty Half Dollar Value Guide are estimates based on market trends and past auction performances. Coin prices fluctuate depending on demand, grading accuracy, and precious metal markets. Always consult a qualified coin professional or certified grading service before making significant buying or selling decisions.