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1938-D Walking Liberty Half Dollar Value

1938-D Walking Liberty half dollar value guide -- the standout low-mintage 1930s date, and grade-by-grade prices.

1938-D Walking Liberty Half Dollar obverse
1938-D Walking Liberty Half Dollar reverse
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Year
1938
Mint mark
D
Composition
90% silver, 10% copper
Mintage
491,600

Current value

Grade
Estimated value
Good
$80
Very Good
$88
Fine
$137
Very Fine
$142
Extra Fine
$205
About Unc.
$301
Unc. (MS-60)
$632
Choice Unc. (MS-63)
$949
Source: USA Coin Book, https://www.usacoinbook.com/coins/half-dollars/walking-liberty/ (master price table, retrieved 2026-08-21)

Why it matters

Mintage of 491,600 is far below the multi-million mintages typical of other late-1930s/1940s issues in this series, making it the standout low-mintage date of the 1930s run.

Valued well above its Philadelphia counterpart at every grade -- G-4 $80 vs. $35 for 1938-P, and MS-63 $949 vs. $213 for 1938-P -- a roughly 4-5x premium across the board.

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Buying a walking liberty half dollar

Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.

Grade before you price it

The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.

Check for authentication

A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.

Compare a few listings

Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.

Common questions

About the 1938-D Walking Liberty Half Dollar

How much is a 1938-D Walking Liberty Half Dollar worth?

Value depends heavily on condition. A well-worn example brings closer to $80, while an uncirculated one can reach $949 or more.

What makes the 1938-D Walking Liberty Half Dollar valuable?

Mintage of 491,600 is far below the multi-million mintages typical of other late-1930s/1940s issues in this series, making it the standout low-mintage date of the 1930s run.

Should I get it professionally graded?

For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.


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