CoinValue

1938 D Walking Liberty Half Dollar

1938 | D | Mintage: 491,600 | 90% Silver, 10% Copper
$32 – $4,675 Semi-Key
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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 D Walking Liberty Half Dollar was minted at the Denver Mint with a mintage of 491,600. Values range from $32 in lower grades to $4,675 in top condition. This is a semi-key date with strong collector demand.

CoinValueDB Value Estimate

$0.59 – $23,500

Based on 4 recent sales

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $1,398 High: $23,500 Low: $0.59 4 sales 24 total data points

Recent eBay Sales

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$36
Very Good (VG-8)$38
Fine (F-12)$39
Very Fine (VF-20)$54
Extremely Fine (EF-40)$55
About Uncirculated (AU-50)$79
Mint State (MS-60)$180
Choice Mint State (MS-63)$248
Near Gem (MS-64)$400
Gem Mint State (MS-65)$708
Superb Gem (MS-66)$1,850
Superb Gem+ (MS-67)$14,088

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 D Walking Liberty Half Dollar worth? +
A 1938 D Walking Liberty Half Dollar is worth between $32 and $4,675 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 Denver Mint produced 491,600 1938 Walking Liberty Half Dollar coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1938 D Walking Liberty Half Dollar a key date? +
The 1938 D Walking Liberty Half Dollar is considered a semi-key date. While not the rarest in the series, it has above-average collector demand and typically commands a premium over common dates.
How much is a 1938-D Walking Liberty Half Dollar worth? +
A 1938-D Walking Liberty Half Dollar in good condition typically starts around $100. Higher grade specimens in mint state can sell for several thousand dollars depending on their specific surface quality.
Is the 1938-D Walking Liberty Half Dollar rare? +
Yes, this coin is considered a semi-key date because of its low mintage of 491,600. It is significantly rarer than most other dates in the Walking Liberty series, which often saw mintages in the millions.

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