37 Ultra Rare Pennies: The Walking Liberty Half Dollar is widely regarded as one of the most iconic coins in American numismatics. First struck in 1916 and continuing until 1947, it was designed by Adolph A. Weinman. The 1917 issue is particularly significant due to its unique varieties, historical context, and rarity. Collectors prize this coin not only for its artistic beauty but also for its potential value, which in rare examples can reach as high as $175,000.
Overview of 1917 Walking Liberty Half Dollar Varieties and Values
| Variety | Mint Mark Location | Good (G-4) | Fine (F-12) | Extremely Fine (EF-40) | Mint State (MS-65) |
|---|---|---|---|---|---|
| 1917 (Philadelphia) | None | $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+ |
Historical Background
The year 1917 was a turning point in American history. The United States had recently entered World War I, and the national economy was undergoing significant change. Coinage during this period reflected both patriotic symbolism and artistic innovation. The Walking Liberty design, with Lady Liberty striding toward the sunrise, symbolizes freedom, hope, and progress. The reverse features a majestic eagle perched on a rocky outcrop, representing strength and resilience.
Design Features
The obverse of the coin depicts Lady Liberty draped in the American flag, walking confidently with laurel and oak branches in her left hand, representing peace and strength. The reverse portrays a powerful eagle with wings partially spread, perched on a mountain crag with a young pine sapling growing nearby. This combination of artistry and symbolism makes the 1917 Walking Liberty Half Dollar one of the most admired coins in U.S. coinage history.
Mint Marks and Varieties
The 1917 Walking Liberty Half Dollar was minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). A unique feature of this year is the mint mark placement—some coins display the mark on the obverse while others show it on the reverse. This dual placement creates multiple collectible varieties.
Notable 1917 Varieties
- 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
The rarity and desirability of these coins depend on both the mint location and the position of the mint mark. Coins with obverse mint marks are generally scarcer, while examples from the San Francisco Mint are often harder to find in high grades.
Factors Affecting Walking Liberty Half Dollar Value
Several factors influence the value of a 1917 Walking Liberty Half Dollar, including:
- Mint mark location (obverse vs. reverse)
- Mint of origin (Philadelphia, Denver, San Francisco)
- Coin condition (circulated, uncirculated, or proof-like)
- Rarity of surviving examples
- Strike sharpness and eye appeal
Grading and Condition
The Sheldon Scale, ranging from Poor (P-1) to Mint State (MS-70), is used to determine coin quality. High-grade 1917 Walking Liberty Half Dollars, especially MS-65 or higher, are extremely rare and command premium prices. Small differences in grading can result in substantial differences in value.
Example Grading for 1917 Half Dollar
- Good (G-4): Heavy wear, major details visible
- Fine (F-12): Moderate wear, Liberty’s figure clearly 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 original luster
Auction Records and Notable Sales
Rare 1917 Walking Liberty Half Dollars have fetched remarkable prices at auction. For instance, the 1917-S Obverse Mint Mark in high grades has sold for more than $150,000, demonstrating the strong collector demand for these coins.
Investment Potential
The 1917 Walking Liberty Half Dollar is not only a historical treasure but also a potential investment. Coins in high grades, with strong eye appeal and historical significance, tend to appreciate over time. Collectors and investors alike focus on these premium examples to maximize returns.
Collector Tips
- Purchase coins from reputable dealers or auction houses.
- Verify authenticity and grade through professional certification.
- Consider acquiring complete sets of all varieties for added value.
- Pay attention to strike quality and overall eye appeal.
- Store coins properly to maintain condition and value.
Preservation and Care
Proper storage is crucial. Coins should be kept in protective holders, away from humidity, sunlight, and handling. Gloves are recommended to prevent oils from fingers affecting the surface. Well-preserved coins retain both value and aesthetic appeal.
Final Verdict
The 1917 Walking Liberty Half Dollar combines artistry, history, and rarity, making it a highly coveted coin among collectors. High-grade examples, especially those with obverse mint marks, can reach extraordinary prices. This coin serves as both a tangible piece of American history and a valuable collectible, offering enjoyment for hobbyists and investors alike.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or appraisal advice. Coin values fluctuate over time. Professional evaluation and certification are recommended before buying, selling, or insuring any 1917 Walking Liberty Half Dollar.
