1917 Walking Liberty Half Dollar Value: The 1917 Walking Liberty Half Dollar is one of the most admired and sought-after coins in American numismatics. For collectors, it represents not only a beautiful piece of art but also a significant chapter in U.S. history. While many coins from this era can be found in circulation, certain years and varieties, especially the 1917, are highly prized by collectors. This article will explore the history, features, and value of the 1917 Walking Liberty Half Dollar, explaining why it can be worth up to $175,000.
The History of the Walking Liberty Half Dollar
The Walking Liberty Half Dollar was designed by Adolph A. Weinman and was first issued by the U.S. Mint in 1916. The coin became an instant favorite due to its elegant design, which features Lady Liberty walking confidently across the obverse, wrapped in the American flag. The reverse shows an eagle perched on a rock, with rays of the sun rising in the background. The design was a departure from the more traditional, less dynamic designs of earlier coins, and it quickly gained popularity.
The Walking Liberty Half Dollar was produced from 1916 to 1947, but it’s the earlier years, especially 1917, that tend to stand out. During the early years of production, the U.S. Mint was still perfecting its techniques, and there were variations in the design that are particularly interesting to collectors today.
The 1917 Walking Liberty Half Dollar: The Year in Focus
The 1917 Walking Liberty Half Dollar was minted in two distinct types: the 1917 “Type 1” and the 1917 “Type 2.” The difference between these two types lies in the design of the obverse, or the front side of the coin. The Type 1 coin features a full and flowing depiction of Liberty with her right hand extended. The Type 2 coin, on the other hand, shows Liberty’s hand in a more clenched position. The design change was made to better suit the minting process and to avoid wear from the coin’s high-relief design.
The 1917 Type 1 Walking Liberty Half Dollar is generally considered more desirable and valuable than the Type 2 because of its rarity and unique design. Collectors often seek out well-preserved examples of this coin, particularly in high-grade condition. The type you come across can greatly influence the coin’s overall value.
Key Factors That Determine the Value of a 1917 Walking Liberty Half Dollar
Several factors contribute to the value of a 1917 Walking Liberty Half Dollar, making it more valuable than many other coins from the same era. Here are some key aspects to keep in mind:
1. Rarity and Demand
As with any collectible, rarity plays a crucial role in determining value. While millions of Walking Liberty Half Dollars were minted during the early years, fewer of the 1917 coins survived in high condition due to circulation and wear over time. Additionally, the 1917 Type 1 coins are rarer than their Type 2 counterparts, further driving demand among collectors.
2. Coin Condition and Grade
The condition of a coin significantly affects its value. Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition. A coin with minimal wear, scratches, or damage will command a much higher price than a coin that is heavily worn or scratched. Professional grading services like the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS) can provide a standardized grade for your coin, which will help determine its market value.
For example, a 1917 Walking Liberty Half Dollar in Mint State (MS) or Extremely Fine (EF) condition will be worth significantly more than one in Good (G) or Fine (F) condition. High-grade specimens can easily fetch several thousand dollars at auction, while a coin in lower grades might only be worth a few hundred.
3. Mint Marks and Varieties
The U.S. Mint used different locations for minting coins, and each mint facility used a distinct mint mark. For the 1917 Walking Liberty Half Dollar, there are two known mint marks: “D” for the Denver Mint and “S” for the San Francisco Mint. The mint mark can make a significant difference in a coin’s value.
The 1917-S Walking Liberty Half Dollar is typically rarer and more valuable than the 1917-D or 1917 (no mint mark) coins. As with the different types, the value of these coins will be affected by their condition and demand among collectors.
4. Demand Among Collectors
The demand for the 1917 Walking Liberty Half Dollar can fluctuate based on market trends and the interests of collectors. As one of the most popular coins in American numismatics, the Walking Liberty Half Dollar enjoys a strong following. The demand for high-quality specimens often spikes at auction, driving up prices. Similarly, when the market for American silver coins is strong, the value of the 1917 Walking Liberty Half Dollar can increase as well.
The Value of the 1917 Walking Liberty Half Dollar Today
The value of a 1917 Walking Liberty Half Dollar can vary widely depending on its type, mint mark, and condition. On average, a well-preserved example of the 1917 Type 1 coin can be worth anywhere from a few hundred dollars to several thousand. However, in rare cases, a 1917 Walking Liberty Half Dollar in exceptional condition can sell for as much as $175,000 at auction.
For instance, a 1917 Type 1 Walking Liberty Half Dollar in MS-67 condition, one of the highest grades available, could command a premium price due to its rarity. In comparison, a 1917-D or 1917-S coin in lower grades might only fetch a few hundred to a few thousand dollars, depending on the market.
Collectors interested in purchasing a 1917 Walking Liberty Half Dollar should research the specific coin’s history, grade, and market value to make an informed decision. Auctions, dealer listings, and online platforms are excellent resources for finding these coins, but buyers should always be cautious of counterfeit coins and consult with experts when necessary.
Conclusion: The Enduring Appeal of the 1917 Walking Liberty Half Dollar
The 1917 Walking Liberty Half Dollar is much more than just a coin it’s a piece of American history, embodying the optimism and resilience of the early 20th century. Its stunning design and connection to the nation’s heritage make it a timeless collectible for numismatists. Whether you’re a seasoned collector or a newcomer to the world of coins, the 1917 Walking Liberty Half Dollar offers both a visual treat and a valuable investment.
For those lucky enough to own one, especially in high-grade condition, this coin represents a significant treasure. While not every 1917 Walking Liberty Half Dollar will fetch the highest prices, the potential for a windfall is real, especially for collectors who take the time to search for rare specimens and understand the market.
If you have a 1917 Walking Liberty Half Dollar, it’s worth taking the time to have it professionally graded and appraised. Whether you’re looking to sell or add to your collection, this coin’s rich history and value make it a worthwhile pursuit for any serious numismatist.
