5 Lincoln Pennies: The Walking Liberty Half Dollar is one of the most admired coins in American numismatic history. Designed by Adolph A. Weinman, it was first minted in 1916 and continued until 1947. Among the series, the 1917 issue is especially significant due to its varieties, historical context, and rarity. Collectors prize this coin not only for its artistry but also for its potential value, which in rare cases can reach up to $175,000.
1917 Walking Liberty Half Dollar Snapshot
| Category | Details |
|---|---|
| Designer | Adolph A. Weinman |
| Years Minted | 1916–1947 |
| Key Year | 1917 |
| Mint Locations | Philadelphia (no mint mark), Denver (D), San Francisco (S) |
| Unique Feature | Mint mark placement on obverse or reverse |
| Highest Auction Value | Up to $175,000 for 1917-S Obverse in MS-65+ |
| Primary Value Drivers | Mint mark, condition, rarity, strike quality, historical significance |
Historical Background
The year 1917 was a turning point in American history. The United States had just entered World War I, and coinage reflected both patriotic symbolism and artistic innovation. The Walking Liberty design, with Lady Liberty striding confidently toward the dawn of a new day, symbolized freedom and progress. The reverse featured a majestic eagle perched on a rock, representing resilience and strength.
Design Features
The obverse shows Lady Liberty draped in the American flag, walking toward the rising sun with laurel and oak branches in her left hand. This imagery conveys peace and military strength. The reverse depicts a powerful eagle with wings partially spread, perched on a mountain crag with a pine sapling growing from the rock. The artistry and symbolism make this coin one of the most admired designs in U.S. coinage.
Mint Marks and Varieties
The 1917 Walking Liberty Half Dollar was produced at three mints: Philadelphia (no mint mark), Denver (D), and San Francisco (S). What makes this year unique is the placement of the mint mark. Some coins have the mark on the obverse, while others have it on the reverse. This dual placement creates distinct varieties that collectors actively seek.
Varieties of 1917 Half Dollar
- 1917 (Philadelphia, no mint mark)
- 1917-D Obverse Mint Mark
- 1917-D Reverse Mint Mark
- 1917-S Obverse Mint Mark
- 1917-S Reverse Mint Mark
Rarity and Collectibility
The rarity of the 1917 Walking Liberty Half Dollar depends on both the mint location and mint mark placement. Obverse mint mark coins are generally scarcer than reverse mint mark varieties. San Francisco issues are particularly difficult to find in high grades, making them highly desirable. Collectors often aim to build complete sets of all varieties, which increases demand.
Value Factors
Several factors determine the value of a 1917 Walking Liberty Half Dollar:
- Mint mark location (obverse vs. reverse)
- Mint of origin (Philadelphia, Denver, San Francisco)
- Condition and grade
- Rarity of surviving examples
- Eye appeal and strike sharpness
Grading and Condition
Grading plays a crucial role in determining value. The Sheldon Scale, ranging from Poor (P-1) to Mint State (MS-70), is used to assess coins. For the 1917 Walking Liberty Half Dollar, coins graded MS-65 or higher are extremely rare and valuable. Even small differences in grade can result in large price variations.
Example Grading Scale
- Good (G-4): Heavy wear, major details visible
- Fine (F-12): Moderate wear, Liberty’s figure visible
- Extremely Fine (EF-40): Light wear, sharp details
- About Uncirculated (AU-50): Slight wear on high points
- Mint State (MS-60 to MS-70): No wear, full luster
Value Chart for 1917 Walking Liberty Half Dollar
| 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+ |
Values are approximate and can vary depending on specific coin characteristics and auction demand.
Auction Records and Notable Sales
Some 1917 Walking Liberty Half Dollars have achieved remarkable prices at auction. The rarest examples, particularly the 1917-S Obverse Mint Mark in high grades, have sold for over $150,000. These sales highlight the coin’s desirability and the lengths collectors will go to acquire them.
Investment Potential
The 1917 Walking Liberty Half Dollar is both a collector’s item and a potential investment. Rare coins often appreciate in value over time, especially those with historical significance and artistic merit. Investors should focus on coins in higher grades, as these tend to yield the greatest returns.
Tips for Collectors
- Buy from reputable dealers or auction houses
- Verify authenticity and grade through certification services
- Focus on eye appeal and strike quality
- Consider building a complete set of varieties
- Store coins properly to preserve condition
Preservation and Care
Proper preservation is vital to maintaining value. Coins should be stored in protective holders, away from humidity and sunlight. Handling should be minimized, and gloves are recommended to avoid oils and dirt from fingers.
Final Verdict
The 1917 Walking Liberty Half Dollar is a masterpiece of American coinage, combining artistry, symbolism, and historical significance. Its rarity and potential value make it one of the most sought-after coins in numismatics. Whether collected for passion or investment, this coin represents a tangible piece of history and a symbol of enduring freedom. In high grades, it can indeed be worth up to $175,000.
Disclaimer
This article is intended for educational and informational purposes only. Coin values depend on condition, rarity, and market demand. Collectors should consult professional grading services and trusted dealers before buying or selling coins.
