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Walking Liberty Half Dollars: A Glimpse into American Numismatic History

Walking Liberty Half Dollars: A Glimpse into American Numismatic History

Walking Liberty half dollars are not just a piece of currency; they are a cherished relic of American history, showcasing both artistic beauty and economic significance. Minted from 1916 to 1947, these iconic coins are renowned for their stunning design and silver content. In this blog post, we’ll delve into the history, design, silver content, and key dates of Walking Liberty half dollars, exploring why they hold a special place in the hearts of collectors and investors alike.

Walking Liberty half dollar Constitutional silver coin

The Design and Symbolism

The Walking Liberty half dollar was born out of a desire to refresh the design of U.S. coinage in the early 20th century. Designed by Adolph A. Weinman, a celebrated sculptor and engraver, this coin showcases Lady Liberty striding toward a brighter future. The design is a breathtaking amalgamation of art and history, encapsulating the American spirit during tumultuous times.

Weinman’s portrayal of Liberty is breathtakingly elegant. On the obverse of the coin, Lady Liberty is seen draped in the American flag, symbolizing patriotism and freedom. She is walking confidently toward the rising sun, an allegorical representation of a new day for America. In one arm, she carries a bundle of branches, symbolizing hope, and in the other, she holds a scroll with the word “Liberty” inscribed on it.

The reverse of the coin features a majestic eagle perched on a rocky outcrop, ready for flight. This iconic design resonates with collectors due to its striking visual appeal and the symbolism it carries. The motto “In God We Trust” appears above the eagle, while “E Pluribus Unum” and “Half Dollar” are inscribed to the sides.

The Silver Content

One of the most captivating aspects of the Walking Liberty half dollars is their silver content. These coins were struck in 90% silver and 10% copper, a composition that was consistent with many U.S. silver coins of the time. Each coin contains approximately 0.3617 troy ounces (11.25 grams) of pure silver. This means that even today, these coins hold intrinsic value beyond their face value, making them attractive to both collectors and investors.

The use of silver in U.S. coinage reflected the historical importance of the metal in the American economy. Until the mid-20th century, silver played a pivotal role in the nation’s monetary system, and the Walking Liberty half dollar was no exception. The combination of exquisite design and valuable silver content has led these coins to become highly sought after by collectors and investors alike.

Key Dates of Walking Liberty Half Dollars

While every Walking Liberty half dollar is a piece of numismatic art, certain dates and mintmarks stand out as particularly rare or historically significant. Below, we’ve listed some of the key dates and mintmarks that collectors should keep an eye out for:

  1. 1916-S – This was the inaugural year of the series, and the San Francisco Mint struck a limited number of these coins, making them highly coveted by collectors.
  2. 1921-D – Denver Mint issued Walking Liberty half dollars only in 1921, and the “D” mintmark is a rare find in this series.
  3. 1921-S – Similarly, the San Francisco Mint struck coins with the “S” mintmark in 1921, and these are also highly sought after.
  4. 1921 – The first year of full production for the Walking Liberty half dollar, and the Philadelphia Mint issued a substantial number. Collectors often seek out coins from this year due to their historical significance.
  5. 1921-D – This Denver Mint issue is especially valuable, as it was the only year Denver produced Walking Liberty half dollars until 1934.
  6. 1938-D – The Denver Mint struck this issue with a mintage of only around 491,600 coins, making it a scarce find.
  7. 1938-S – The San Francisco Mint also produced a relatively small number of Walking Liberty half dollars in 1938, making them a valuable addition to any collection.
  8. 1946 – The Walking Liberty half dollar series came to an end in 1947, but the 1946-S coin from the San Francisco Mint is often considered the key date of the series. With a lower mintage compared to other years, it’s a prized collectible.

These key dates represent opportunities for collectors to own a piece of history and potentially invest in coins that may appreciate in value over time.


Walking Liberty half dollars are not just coins; they are emblematic of an era, a testament to American values, and a celebration of artistic excellence. Their stunning design, rich history, and valuable silver content have made them a cherished part of American numismatic heritage.

Whether you’re a seasoned collector, an investor, or simply someone who appreciates the beauty of coins, Walking Liberty half dollars offer something for everyone. They serve as a tangible link to the past, a testament to the artistry of Adolph A. Weinman, and a reminder of the enduring allure of silver in American currency. As you explore the world of numismatics, keep an eye out for these beautiful coins and perhaps add a piece of American history to your collection.

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