The value of a 1940 Walking Liberty Half Dollar depends on several factors, primarily its condition (grade), but also its mint mark and any potential errors.
Here’s a summary of the factors influencing value and some approximate price ranges:
The condition of a coin is the biggest determinant of its value. Coins are graded on a scale from 1 (poor) to 70 (perfect uncirculated).
- Circulated Condition:
– Good (G): Approximately $17.25.
– Very Good (VG): Around $17.75.
– Fine (F): Roughly $18.75.
– Very Fine (VF): Around $21.25.
– Extremely Fine (XF): About $23.75.
- Uncirculated Condition:
– MS-60: Around $35.
– MS-65: Approximately $140.
– MS-66: Around $210.
– MS-67: Up to $700.
– MS-68: Can reach as high as $4500.
1940 Walking Liberty Half Dollars were minted in Philadelphia (no mint mark) and San Francisco (‘S’ mint mark). Generally, the San Francisco (‘S’) mintmark coins can be slightly more valuable than their Philadelphia counterparts, especially in higher grades, [according to APMEX] . For example, an uncirculated 1940-S half dollar can be worth up to $35, while a 1940 P (Philadelphia) in similar condition might be worth around $22.
Errors in the minting process can significantly increase the value of a coin. Examples of error coins include double-stamped coins or lamination errors. A “double stamped 1940 S-50C Walking Liberty Half Dollar ERROR” is listed on eBay for $550. A “1940 Walking Liberty Half Dollar Error” in Very Good condition is also listed on eBay for $550. A “1940-p Walking Liberty Half Lamination Error Reverse” is listed on eBay for $45.
- Melt Value: All 1940 Walking Liberty Half Dollars are composed of 90% silver and 10% copper. The current melt value (based on silver content) is approximately $13.94 for the P mint and $13.97 for the S mint.
- Rarity: While not considered exceptionally rare overall, the 1940-S issue can be hard to find with a strong strike, making well-struck examples scarcer and more valuable.
Note: The values mentioned are approximate and can fluctuate based on market demand and other factors. For the most accurate valuation, it’s recommended to consult with a professional coin appraiser.
What makes a 1940 half dollar rare?
I can help with that. In addition to the coin’s design, the timing of this particular coin’s minting makes it especially valuable. First minted in 1916 and minted up until 1947, this coin was around during some of the most iconic periods of American history.