1917 Walking Liberty Half Dollar: The 1917 Walking Liberty Half Dollar is not only one of the most beautiful and enduring coins in U.S. numismatic history, but it also holds significant value in the collector’s market. First introduced in 1916, the Walking Liberty Half Dollar was designed by Adolph A. Weinman, and its striking design quickly made it one of the most beloved coins in the country. The 1917 Walking Liberty Half Dollar, in particular, stands out due to its rarity and historical importance, making it one of the most valuable coins in the series.
In this complete guide, we will delve into the value of the 1917 Walking Liberty Half Dollar in 2025, break down the factors that determine its worth, and explore how you can determine if you have one of these rare and valuable coins in your collection.
A Brief History of the 1917 Walking Liberty Half Dollar
The Walking Liberty Half Dollar was first issued in 1916, replacing the Barber Half Dollar that had been in circulation for several decades. Designed by Adolph A. Weinman, the coin featured a full-length depiction of Lady Liberty walking towards the rising sun, symbolizing hope and progress. On the reverse, an eagle holds a bundle of arrows and an olive branch, reflecting the nation’s strength and commitment to peace.
The 1917 Walking Liberty Half Dollar is one of the earliest examples of this coin, and its release marked a major milestone in U.S. coinage. While it was produced in high numbers, the 1917 issue is significant due to its relatively low mintage compared to other years in the series, particularly the 1917 Type 1 with its inverted mintmark error.
Key Varieties of the 1917 Walking Liberty Half Dollar
One of the most important factors in determining the value of the 1917 Walking Liberty Half Dollar is understanding the key varieties. The 1917 coin is available in two primary types: the 1917 Type 1 and the 1917 Type 2. The distinction between these two types lies in the mintmark and the specific design features.
1917 Type 1: The Inverted Mintmark Error
The 1917 Type 1 Walking Liberty Half Dollar is one of the most famous error coins in U.S. numismatics. This particular coin was struck with an inverted mintmark. The error occurred when the mintmark, which is located on the reverse of the coin, was punched upside down during the production process. This led to a significant number of these coins being released with the mintmark appearing in an inverted position.
The 1917 Type 1 is a highly sought-after coin because of its rarity. The mintmark error makes this variety much harder to find, and as a result, it commands premium prices. Depending on the coin’s condition and grade, the 1917 Type 1 Walking Liberty Half Dollar can be worth anywhere from $20,000 to $100,000 in today’s market. Higher-grade examples, especially those graded MS-65 or higher, can fetch as much as $175,000 at auction.
1917 Type 2: No Inverted Mintmark
The 1917 Type 2 Walking Liberty Half Dollar, in contrast, does not feature the inverted mintmark error. This version of the coin is more common than the Type 1, but it still holds value for collectors due to its historical significance and beautiful design. Although not as rare or valuable as the Type 1, the 1917 Type 2 can still fetch a considerable amount, especially in higher grades.
A 1917 Type 2 in good condition can be worth around $500 to $2,500, while coins graded as MS-65 or higher can reach values between $5,000 and $15,000. Although not as valuable as the Type 1, the Type 2 is still an excellent coin for collectors who appreciate its design and historical context.
Factors That Influence the Value of the 1917 Walking Liberty Half Dollar
There are several factors that determine the value of a 1917 Walking Liberty Half Dollar. These factors include the coin’s rarity, its condition, the presence of errors, and demand from collectors. Let’s take a closer look at each of these factors.
1. Rarity and Mintage
The rarity of the 1917 Walking Liberty Half Dollar is one of the primary reasons for its high value. While millions of coins were produced during the early years of the Walking Liberty series, the 1917 issue had a relatively low mintage compared to other years. Specifically, the total mintage for the 1917 Type 1 was approximately 7.6 million coins, and for the 1917 Type 2, around 12 million coins were struck.
Additionally, the mintmark error on the 1917 Type 1 further increases its rarity. Due to the mintmark being inverted, fewer of these coins survived in good condition, making them even more difficult to find in the market. As a result, the demand for these rare coins is high, and this demand drives up their value.
2. Condition and Grade
As with any coin, the condition of the 1917 Walking Liberty Half Dollar plays a significant role in determining its market value. Coins that are in pristine condition are much more valuable than those that have been circulated and show signs of wear. The higher the grade of the coin, the more it will be worth.
Coins are graded on a scale from 1 to 70, with 70 being perfect. A coin graded as MS-65 (mint state) or higher is considered to be in excellent condition and will command a much higher price. High-grade examples of the 1917 Type 1 Walking Liberty Half Dollar can easily fetch upwards of $100,000, with some rare MS-66 or MS-67 examples reaching $175,000 or more.
For those looking to determine the grade of their coin, professional grading services like the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS) can provide an official assessment of the coin’s grade, which will help determine its value.
3. Demand and Popularity
The demand for the 1917 Walking Liberty Half Dollar, particularly the Type 1 variety, has remained high among collectors and investors alike. The beauty of the coin’s design, its historical significance, and its rarity all contribute to its lasting popularity. Many collectors seek out these coins to complete their Walking Liberty Half Dollar sets or to add valuable pieces to their portfolios.
The market for rare coins, including the 1917 Walking Liberty Half Dollar, is robust, and this demand continues to drive up prices, especially for coins in exceptional condition. As more collectors enter the market and as the coin’s rarity becomes more widely recognized, the value of the 1917 Walking Liberty Half Dollar is expected to continue appreciating in the coming years.
4. Historical Significance
The historical context of the 1917 Walking Liberty Half Dollar adds another layer of value. Struck during a time of great change for the United States, the coin represents the nation’s resilience and hope, both of which are embodied in its design. It was minted just as the U.S. was entering World War I, and as such, it has become a symbol of the country’s strength during a pivotal period in history.
Collectors often seek out coins that have historical significance, and the 1917 Walking Liberty Half Dollar certainly fits this description. Its design, its role in U.S. coinage history, and its production during a significant time in American history make it all the more valuable to those interested in owning a piece of that history.
What Is the Current Market Value of the 1917 Walking Liberty Half Dollar?
As of 2025, the value of the 1917 Walking Liberty Half Dollar is continuing to rise, especially for high-grade specimens. Here’s a breakdown of what you can expect in terms of value:
- 1917 Type 1 (Inverted Mintmark): In high-grade condition, this coin can be worth anywhere from $20,000 to $100,000. Exceptional examples, especially those graded MS-65 or higher, can reach as much as $175,000 or more.
- 1917 Type 2 (No Inverted Mintmark): While more common, this variety is still highly valued. Coins in good condition can range from $500 to $2,500, while high-grade coins (MS-65 and above) can be worth between $5,000 and $15,000.
- Proof Coins: The 1917 Walking Liberty Half Dollar was also minted in proof form, although these are rarer. Proof examples can fetch premium prices, typically ranging from $10,000 to $50,000, depending on their condition and rarity.
How to Verify and Grade Your 1917 Walking Liberty Half Dollar
If you believe you may have found a 1917 Walking Liberty Half Dollar, it’s important to get the coin professionally evaluated. A reputable grading service, such as PCGS or NGC, can help you determine the coin’s authenticity and grade. Professional grading will provide a detailed analysis of the coin’s condition, which will be a key factor in its value.
Examine the coin carefully for the mintmark on the reverse. If the mintmark is inverted, it’s likely a Type 1 error coin, which is significantly more valuable than the Type 2. Pay attention to the overall condition of the coin, as this will have a major impact on its market price.
Final Thoughts
The 1917 Walking Liberty Half Dollar is a rare and historically significant coin that continues to capture the attention of collectors and investors alike. Whether you have a 1917 Type 1 with the inverted mintmark error or a Type 2,