The 1939 half dollar coin value represents one of the most fascinating examples of how condition, rarity, and mint location can dramatically impact a coin’s worth. Known officially as the Walking Liberty Half Dollar, this iconic piece of American numismatic history can range from a modest $16.75 for circulated examples to an astounding $15,000 for pristine specimens. Understanding what drives these value differences is crucial for both collectors and those who may have inherited these coins.
Understanding the 1939 Walking Liberty Half Dollar
The Walking Liberty Half Dollar, designed by Adolph A. Weinman, was minted from 1916 to 1947 and is widely considered one of the most beautiful coins ever produced by the United States Mint. The 1939 issue holds particular significance due to its production during a pivotal year in world history, just as World War II was beginning in Europe.
The obverse features Lady Liberty striding confidently toward the dawn of a new day, draped in the American flag, while the reverse displays a majestic eagle perched on a mountain crag. This design has become so beloved that it was later adapted for the American Silver Eagle bullion coin program.
Factors Affecting 1939 Half Dollar Coin Value
Mint Location and Mintmarks
The 1939 half dollar coin value varies significantly based on where the coin was minted. Three facilities produced these coins in 1939:
- Philadelphia Mint (no mintmark): The main production facility
- Denver Mint (D mintmark): Located on the reverse, below the eagle
- San Francisco Mint (S mintmark): Also found on the reverse, below the eagle
The mintmark location is crucial for determining value, as different mints produced varying quantities, affecting rarity and collector demand.
Condition and Grading
Professional coin grading services like NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service) use a 70-point scale to evaluate coin condition. The 1939 half dollar coin value increases dramatically as the grade improves:
Circulated Grades (1-58):
- Good (G-4) to Very Fine (VF-30): Basic collector value
- Extremely Fine (EF-40) to About Uncirculated (AU-58): Premium for better preservation
Uncirculated Grades (60-70):
- Mint State 60-64: Entry-level uncirculated
- Mint State 65-67: Gem quality with significant premiums
- Mint State 68-70: Superb specimens commanding top dollar
Current Market Values by Condition
Circulated 1939 Half Dollars
For coins that saw regular use in commerce, the 1939 half dollar coin value in circulated condition remains relatively modest but still represents a significant premium over the coin’s silver content:
- Philadelphia mint (no mintmark): $16.75 to $50
- Denver mint (D): $18 to $60
- San Francisco mint (S): $16.75 to $135
The San Francisco issue shows greater value variation in circulated grades due to its lower mintage and higher collector demand for better-preserved examples.
Uncirculated 1939 Half Dollars
The uncirculated market is where 1939 half dollar coin value truly shines, with pristine examples commanding extraordinary premiums:
Philadelphia Mint:
- MS-60 to MS-64: $75 to $200
- MS-65 to MS-67: $250 to $1,500
- MS-68: Up to $15,000
Denver Mint:
- MS-60 to MS-64: $85 to $225
- MS-65: Currently around $356
- MS-66 to MS-67: $400 to $2,000
San Francisco Mint:
- MS-60 to MS-64: $80 to $210
- MS-65 to MS-67: $275 to $3,000
- MS-68: Approximately $14,250
Proof 1939 Half Dollars
Only the Philadelphia Mint produced proof coins in 1939, with a limited mintage of just 8,808 pieces. These specially struck coins were created for collectors and feature mirror-like surfaces with frosted design elements. The 1939 half dollar coin value for proof specimens includes:
- PR-60 to PR-63: $800 to $1,200
- PR-64 to PR-66: $1,200 to $2,500
- PR-67 and higher: $3,000 to $8,000+
Even damaged proof coins retain significant value, with Fine-12 condition examples worth over $1,000.
Special Varieties and Error Coins
Doubled Die Obverse Variety
A notable variety exists for both Philadelphia and Denver minted 1939 half dollars featuring a doubled die obverse. This error occurs when the die used to strike the coin shows doubling in the design elements, particularly visible in Liberty’s figure and the date. These varieties can add substantial premiums to the 1939 half dollar coin value, often doubling or tripling the price of comparable regular strikes.
Other Potential Errors
Collectors should also watch for:
- Off-center strikes: Coins struck outside their intended position
- Die cracks and cuds: Raised lines or lumps from damaged dies
- Repunched mintmarks: Evidence of mintmark correction during die preparation
Investment Potential and Market Trends
The 1939 half dollar coin value has shown steady appreciation over the decades, driven by several factors:
Silver Content Foundation
Each 1939 half dollar contains approximately 0.36169 troy ounces of silver, providing an intrinsic value floor that fluctuates with precious metal prices. This silver content ensures that even heavily worn examples maintain baseline value.
Collector Demand
The Walking Liberty design’s popularity among collectors creates sustained demand across all grades. The series appeals to:
- Type collectors: Seeking one example of the design
- Date collectors: Assembling complete sets
- Condition census collectors: Pursuing the finest known examples
Population Reports
Professional grading services maintain population reports showing how many coins have been certified at each grade level. For 1939 half dollars, the extreme rarity of high-grade examples (MS-67 and above) creates significant premiums for these condition rarities.
How to Determine Your Coin’s Value
Professional Authentication and Grading
For valuable specimens, professional grading provides several benefits:
- Authentication: Verification of genuineness
- Accurate grading: Precise condition assessment
- Market acceptance: Enhanced liquidity and value recognition
- Protection: Sealed holders prevent further damage
Research Resources
Reliable sources for 1939 half dollar coin value research include:
- NGC Price Guide: Regularly updated market values
- PCGS CoinFacts: Comprehensive coin information and values
- Auction records: Recent sales data from major auction houses
- Coin dealer networks: Professional market insights
Identification Tips
Proper identification is crucial for accurate valuation:
- Locate the mintmark: Check the reverse below the eagle
- Assess condition: Look for wear, scratches, and luster
- Check for varieties: Examine for doubled die features
- Verify authenticity: Be aware of common counterfeits
Market Considerations and Future Outlook
Supply and Demand Dynamics
The 1939 half dollar coin value continues to be influenced by:
- Fixed supply: No new coins will ever be minted
- Growing collector base: Increasing numismatic interest
- Condition rarity: Fewer high-grade examples over time
Economic Factors
Several economic elements affect values:
- Silver prices: Impact on intrinsic value
- Inflation: Affects collectible asset values
- Market confidence: Influences luxury spending on collectibles
Storage and Preservation
Protecting your 1939 half dollar is essential for maintaining its value:
Proper Storage Methods
- Coin holders: Use archival-quality materials
- Climate control: Maintain stable temperature and humidity
- Handling: Always hold coins by their edges
- Documentation: Keep purchase records and certificates
Common Damage to Avoid
- Cleaning: Never clean coins with abrasives or chemicals
- Environmental damage: Protect from moisture and pollutants
- Physical damage: Prevent drops and scratches
Conclusion
The 1939 half dollar coin value demonstrates the remarkable range that vintage American coinage can achieve based on condition, rarity, and collector demand. From circulated examples worth $16.75 to pristine specimens commanding $15,000, these coins represent both historical artifacts and potential investments.
Whether you’re a seasoned collector or someone who has discovered a 1939 half dollar in an old collection, understanding the factors that influence value is crucial. The combination of beautiful design, silver content, and varying degrees of rarity makes these coins compelling for both their numismatic significance and their potential for appreciation.
As with any collectible investment, thorough research, professional authentication when appropriate, and proper storage are essential for maximizing the 1939 half dollar coin value. The market for these coins remains strong, supported by the enduring appeal of the Walking Liberty design and the fundamental economics of finite supply meeting sustained collector demand.
Disclaimer: Coin values fluctuate based on market conditions, and the prices mentioned in this article reflect general market trends as of the publication date. Always consult current market sources and consider professional appraisal for valuable coins.
How much silver is in a 1939 half dollar?
The Walking Liberty Half Dollar was issued between 1916 and 1947. It weighs 12.5 grams of . 900 fine silver, with a diameter of 30.6 mm … a net silver content of . 36169 ounces.