1940-S Walking Liberty Half Dollar Value
A 1940-S Walking Liberty Half Dollar is worth roughly $14.50 to $330 depending on its condition. Its intrinsic melt value stands at $13.20 based on spot prices from 2026-06-01 Certified examples in top grades can run far higher.
1940-S Walking Liberty Half Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $13.20 |
| Good (G-4) | $14.50 to $21.50 |
| Very Good (VG-8) | $16.50 to $24.00 |
| Fine (F-12) | $18.50 to $27.00 |
| Very Fine (VF-20) | $22.00 to $32.00 |
| Extremely Fine (XF-40) | $28.00 to $41.50 |
| About Uncirculated (AU-50) | $38.00 to $56.00 |
| Mint State (MS-60) | $56.00 to $82.50 |
| Choice Unc (MS-63) | $90.00 to $132 |
| Gem Unc (MS-65) | $224 to $330 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1940-S Walking Liberty Half Dollar worth today?
Figure roughly $14.50 as the realistic floor for a damage-free, well-worn 1940-S Walking Liberty Half Dollar, rising steadily through the grades to about $330 for a certified gem. Cleaned or damaged coins trade below these figures, though never below the $13.20 melt floor.
1940-S Walking Liberty Half Dollar specifications
- Series
- Walking Liberty Half Dollar
- Year
- 1940
- Mint mark
- S
- Mintage
- 4,550,000
- Composition
- 90% silver, 10% copper
- Weight
- 12.5 g
- Diameter
- 30.6 mm
- Edge
- Reeded
- Designer
- Adolph A. Weinman
- Silver content
- 0.36169 troy oz
Mintage figure: US Mint reports (approximate).
Where to look for the mint mark
On a 1940-S Walking Liberty Half Dollar, the "S" mint mark of the San Francisco Mint sits on the obverse below IN GOD WE TRUST (1916-1917) or on the reverse at lower left near the rim (1917-1947). A loupe helps: on worn examples the letter can fade into the surrounding devices.
Where this coin's value comes from
Beneath the numismatics of the 1940-S Walking Liberty Half Dollar sits 0.3617 troy ounces of silver, $13.20 worth at today's spot price. When silver rallies, even the most common dates of this series rise with it.
4,550,000 were struck: enough that circulated examples are obtainable, few enough that Mint State pieces carry real premiums.
Few series carry the following that supports the 1940-S Walking Liberty Half Dollar. Liberty strides into the sunrise wrapped in the flag, an image of confident motion unmatched on any circulating coin. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
Summary: the 1940-S Walking Liberty Half Dollar is valued between $14.50 and $330 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.