The Walking Liberty Half Dollar is one of the most iconic coins in American history. Designed by Adolph A. Weinman, it was first minted in 1916 and quickly became a symbol of freedom and patriotism. The 1917 issue is especially fascinating because it includes several varieties, minting quirks, and rare examples that can command extraordinary prices today. While most 1917 Walking Liberty Half Dollars are worth modest amounts depending on condition, certain rare specimens have sold for as much as $175,000 at auction.
The Design and Symbolism
The obverse of the coin features Lady Liberty striding toward the dawn of a new day, draped in the American flag and carrying branches of laurel and oak to symbolize civil and military glory. The reverse depicts a majestic eagle perched on a mountain pine, representing strength and resilience. This design was so admired that it later inspired the American Silver Eagle bullion coin introduced in 1986.
Minting History of 1917
In 1917, the United States Mint produced Walking Liberty Half Dollars at three facilities: Philadelphia (no mint mark), Denver (D), and San Francisco (S). Midway through the year, the mint mark placement was changed from the obverse to the reverse, creating two distinct varieties for both the Denver and San Francisco issues. As a result, collectors recognize five major business strike varieties from 1917:
- 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
This unusual shift in mint mark placement adds significant interest and value to the series.
Value Ranges
The value of a 1917 Walking Liberty Half Dollar depends heavily on its mint mark, variety, and condition.
- Common Philadelphia issues in circulated grades may be worth $28 to $130, while uncirculated examples can reach $375 to $3,500.
- The 1917‑S Obverse variety is considered a key date. Circulated coins range from $65 to $2,750, while high‑grade uncirculated examples can exceed $7,000.
- Exceptional specimens, such as a 1917‑S Obverse graded MS‑67, have sold for over $150,000 at auction.
These values highlight the importance of condition and rarity. A coin that looks ordinary at first glance could be a hidden treasure if it belongs to one of the scarcer varieties.
Factors That Influence Value
Several factors determine the worth of a 1917 Walking Liberty Half Dollar:
- Mint Mark Location: Coins with the mint mark on the obverse are scarcer and more desirable.
- Condition: Coins graded Mint State (MS) or Proof are worth exponentially more than circulated examples.
- Strike Quality: Well‑struck coins with sharp details command premiums.
- Historical Rarity: Certain varieties, like the 1917‑S Obverse, are considered conditional rarities.
Collecting Tips
For collectors, the 1917 Walking Liberty Half Dollar offers both accessibility and challenge. Lower‑grade Philadelphia issues are affordable entry points, while rare mint mark varieties provide opportunities for serious investment. When collecting:
- Always examine the mint mark location carefully.
- Consider professional grading for coins that appear uncirculated.
- Store coins properly to prevent tarnish or damage.
- Research auction records to understand current market trends.
Key Highlights
- The 1917 Walking Liberty Half Dollar was minted in Philadelphia, Denver, and San Francisco.
- Mid‑year mint mark relocation created five distinct varieties.
- Values range from $28 for common circulated coins to over $150,000 for rare high‑grade specimens.
- The 1917‑S Obverse variety is especially prized among collectors.
- Condition, mint mark, and strike quality are critical factors in determining value.
Final Words
The 1917 Walking Liberty Half Dollar is more than just a piece of silver; it is a snapshot of American history and artistry. Its design continues to inspire modern coinage, while its rarity makes it a thrilling pursuit for collectors. Whether you discover one in a family collection or purchase it at auction, owning a 1917 Walking Liberty Half Dollar connects you to a legacy of freedom, resilience, and numismatic beauty. For those fortunate enough to find the rarest varieties in pristine condition, the rewards can be extraordinary, both in historical significance and financial value.