1938 Walking Liberty Half Dollar Value Guide

Period
1938
Origin
United States
Materials
90% Silver, 10% Copper

The 1938 Walking Liberty Half Dollar is a centerpiece of American numismatics, celebrated for Adolph A. Weinman's iconic design of Lady Liberty draped in the flag. Its artistic merit is so significant that the imagery was later selected for the modern American Silver Eagle bullion series.

What affects the value of 1938 Walking Liberty Half Dollar?

  • The presence of a 'D' mint mark, as the Denver mint had a lower mintage in 1938 compared to Philadelphia.
  • The amount of wear on high-relief areas like Liberty's breast, head, and the eagle's breast feathers.
  • The current market spot price of silver, which provides a baseline bullion value for the coin.
  • Overall eye appeal, including the presence of original mint luster or attractive toning.

How to Identify 1938 Walking Liberty Half Dollar?

  • Verify the 1938 date located on the obverse below Lady Liberty's feet.
  • Check for the 'AW' monogram on the reverse, representing designer Adolph A. Weinman.
  • Confirm the composition is 90% silver and 10% copper with a weight of 12.5 grams.
  • Look for the mint mark (D or S) on the reverse near the rim, or no mark for Philadelphia.

History of 1938 Walking Liberty Half Dollar

The Walking Liberty Half Dollar, designed by Adolph A. Weinman, was minted from 1916 to 1947. It is widely considered one of the most beautiful U.S. coins ever struck. The design features Lady Liberty striding towards the sunrise, draped in the American flag, with an eagle on the reverse. This iconic imagery was later adapted for the American Silver Eagle bullion coin.

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