Price Guide for 1916 Half Dollar Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $16.00 – $14,375.00Uncirculated: $6.25 – $63,000.00
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eBayCirculated: $12.50 – $799.95Uncirculated: $29.99 – $4,000.00
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PCGS Price GuideCirculated: $40.00 – $1,000.00Uncirculated: $1,050.00 – $62,500.00
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3rd Party PriceCirculated: $15.00 – $3,600.00Uncirculated: $4.85 – $54,000.00
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eBayCirculated: $9.50 – $730.00Uncirculated: $202.49 – $6,799.99
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PCGS Price GuideCirculated: $50.00 – $800.00Uncirculated: $850.00 – $57,500.00
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3rd Party PriceCirculated: $16.00 – $4,500.00Uncirculated: $21.00 – $60,000.00
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eBayCirculated: $25.00 – $2,650.00Uncirculated: $899.99 – $6,800.00
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PCGS Price GuideCirculated: $75.00 – $2,875.00Uncirculated: $3,100.00 – $85,000.00
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3rd Party PriceCirculated: $376.00 – $414.00Uncirculated: $440.63 – $2,350.00
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eBayCirculated: $124.96 – $420.00Uncirculated: $1,200.00 – $2,400.00
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PCGS Price GuideCirculated: $125.00 – $850.00Uncirculated: $1,000.00 – $5,000.00
Design and Specifications of the 1916 Half Dollar
The 1916 Half Dollar marks the debut of the iconic Walking Liberty design by Adolph A. Weinman. This design replaced the Barber Half Dollar and is widely considered one of the most beautiful American coin designs ever created. The obverse depicts Liberty striding towards the rising sun, symbolizing hope and progress, while the reverse features a majestic eagle, embodying strength and freedom.
This coin was introduced during World War I, a time of significant global upheaval, and its patriotic imagery resonated strongly with the American public. The Walking Liberty Half Dollar would continue to be minted until 1947, becoming a beloved classic in American numismatics.
| Weight | 12.5 grams |
|---|---|
| Diameter | 30.6 mm |
| Mint Marks | D, S (No mint mark for Philadelphia) |
| Composition | 90% silver, 10% copper |
| Obverse Design | Liberty Walking, designed by Adolph A. Weinman |
| Reverse Design | Eagle with wings spread, designed by Adolph A. Weinman |
Rarity Factors and Value Drivers
The condition of 1916 Half Dollars has a significant impact on their value. As a first-year issue with relatively low mintages, these coins are highly sought after in all grades. However, uncirculated examples are particularly valuable.
Coins in MS65 and above are extremely rare and command substantial premiums. The strike quality can vary, with well-struck examples being more desirable. Luster is also crucial, with coins retaining their original mint luster being highly prized. Toning can add to the value if it’s attractive and natural.
Due to their age and limited mintage, many 1916 Half Dollars show signs of wear. Even in lower circulated grades, these coins are valuable due to their historical significance and scarcity.
Mintage: 608,000
Rarity Scale: Scarce
Circulation Status: Limited Circulation
Preservation Rarity: Extremely rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, due to first-year status and low mintage
Mintage: 1,014,400
Rarity Scale: Scarce
Circulation Status: Limited Circulation
Preservation Rarity: Very rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, due to first-year status
Mintage: 508,000
Rarity Scale: Rare
Circulation Status: Limited Circulation
Preservation Rarity: Extremely rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: Very High, due to lowest mintage and first-year status
First-year status is a major factor in the value of 1916 Half Dollars. Collectors often seek first-year issues for type sets, increasing demand.
The artistic merit of the Walking Liberty design adds to its desirability. Many collectors and investors are drawn to its beauty, which can influence value.
Historical significance as a coin minted during World War I adds appeal for history enthusiasts.
The San Francisco issue is particularly valuable due to its lowest mintage of the three mints.
Full Hand details on Liberty’s outstretched arm and Full Head details on the eagle are prized by advanced collectors and can significantly increase value in high grades.
