1940 Walking Liberty Half Dollar Value
In the current market, a 1940 Walking Liberty Half Dollar changes hands for roughly $13.50 at the low end and $132 at the top, and its metal content alone is worth $13.20 as of 2026-06-01 See the grade table below for exactly where your coin falls.
1940 Walking Liberty Half Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $13.20 |
| Good (G-4) | $13.50 to $18.00 |
| Very Good (VG-8) | $13.50 to $18.50 |
| Fine (F-12) | $13.50 to $19.50 |
| Very Fine (VF-20) | $14.50 to $21.00 |
| Extremely Fine (XF-40) | $16.50 to $24.00 |
| About Uncirculated (AU-50) | $19.50 to $29.00 |
| Mint State (MS-60) | $24.50 to $36.50 |
| Choice Unc (MS-63) | $33.50 to $49.50 |
| Gem Unc (MS-65) | $90.00 to $132 |
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.
Current 1940 Walking Liberty Half Dollar value
In worn but collectible condition (Good-4), a 1940 Walking Liberty Half Dollar starts around $13.50. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $132. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1940 Walking Liberty Half Dollar specifications
- Series
- Walking Liberty Half Dollar
- Year
- 1940
- Mint mark
- None (Philadelphia)
- Mintage
- 9,156,000
- 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).
Why there is no letter on this coin
The 1940 Walking Liberty Half Dollar comes from Philadelphia, which struck coins without a mint mark. If the spot where branch-mint coins show a letter is empty on your 1940, that is exactly as it should be.
What makes the 1940 Walking Liberty Half Dollar valuable
A large mintage of 9,156,000 means this issue is common in circulated grades. The interesting money starts in Mint State, where quality, not quantity, sets the price.
The 90% silver composition gives a 1940 Walking Liberty Half Dollar 0.3617 oz of precious metal ($13.20 at current spot). Bullion demand alone supports the bottom of its price range.
Context adds the final layer to the 1940 Walking Liberty Half Dollar. Adolph Weinman's Walking Liberty half dollar is so admired that the U.S. Owning this date means owning a piece of that story, and demand for the series as a whole sustains liquidity for every issue in it.
Summary: the 1940 Walking Liberty Half Dollar is valued between $13.50 and $132 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.