CoinValue

1938 Walking Liberty Half Dollar

1938 | P | Mintage: 4,118,152 | 90% Silver, 10% Copper
$17 – $2,625
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Obverse of Walking Liberty Half Dollar showing Liberty walking toward sunrise with American flag draped over shoulders

Obverse

Reverse of Walking Liberty Half Dollar

Reverse

The 1938 Walking Liberty Half Dollar was minted at the Philadelphia Mint with a mintage of 4,118,152. Values range from $17 in lower grades to $2,625 in top condition.

CoinValueDB Value Estimate

$0.59 – $4,250

Based on 1 recent sale

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $467 High: $4,250 Low: $0.59 1 sale 21 total data points

Recent eBay Sales

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$29
Very Good (VG-8)$22
Fine (F-12)$23
Very Fine (VF-20)$27
Extremely Fine (EF-40)$38
About Uncirculated (AU-50)$45
Mint State (MS-60)$94
Choice Mint State (MS-63)$131
Near Gem (MS-64)$275
Gem Mint State (MS-65)$380
Superb Gem (MS-66)$1,125
Superb Gem+ (MS-67)$3,438

About the Walking Liberty Half Dollar

The Walking Liberty Half Dollar series ran from 1916 to 1947. Treasury Secretary William McAdoo commissioned the new design to replace the Barber Half Dollar. Adolph A. Weinman won the design competition over several other prominent artists. His work features Lady Liberty striding toward the dawn with an American flag draped over her shoulders. The reverse side depicts a bald eagle perched on a mountain crag. Weinman moved the mint mark from the obverse to the reverse in 1917. The series ended in 1947 when the United States Mint replaced the design with the Franklin Half Dollar. The 1916-1947 run covers the period encompassing both World Wars and the Great Depression. You are holding a piece of silver coinage that was a staple of American commerce for over three decades.

Coin Details

Designer
Adolph A. Weinman
Composition
90% Silver, 10% Copper
Weight
12.5
Diameter
30.61
Edge
Reeded
Series
Walking Liberty Half Dollar (1916-1947)

Collecting Walking Liberty Half Dollar Coins

Start your collection with common dates from the 1940s, as these are often available in circulated condition for prices near their silver melt value. Focus on finding coins with clear details on Liberty's skirt lines and the eagle's breast feathers, as these areas wear down quickly. Watch for the 1921, 1921-D, and 1921-S dates because these are the rarest issues in the series with extremely low mintages. Examine coins carefully for altered mint marks, especially on the 1916-D and 1921-D dates. Buy coins in professional holders from PCGS or NGC if you plan to spend significant money on high-grade pieces.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1938 Walking Liberty Half Dollar worth? +
A 1938 Walking Liberty Half Dollar is worth between $17 and $2,625 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1938 Walking Liberty Half Dollar coins were made? +
The Philadelphia Mint produced 4,118,152 1938 Walking Liberty Half Dollar coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1938 Walking Liberty Half Dollar a key date? +
The 1938 Walking Liberty Half Dollar is not considered a key date or semi-key date. However, condition is always important. A common-date coin in exceptional condition can still be quite valuable.
How much is a 1938 Walking Liberty Half Dollar worth? +
In average circulated condition, this coin typically sells for $15 to $25 based on its silver content and collector demand. Mint State specimens command higher prices, often reaching $150 or more depending on the specific grade assigned by a professional service.
Is the 1938 Walking Liberty Half Dollar rare? +
The 1938 issue is not rare, but it is less common than most Walking Liberty Half Dollars minted during the 1940s. With 4,118,152 coins produced, it is considered a semi-key date that holds more value than common date coins from the same series.

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