The 1942-P Walking Liberty Half Dollar stands as a cherished piece among numismatists and investors alike. Its historical significance, coupled with its silver content, makes it a noteworthy addition to any coin collection. This article delves into the current market value of this coin, examining factors that influence its worth, and provides a detailed overview of its features.
Overview of the 1942-P Walking Liberty Half Dollar
Minted in 1942 at the Philadelphia Mint (denoted by the absence of a mint mark), the Walking Liberty Half Dollar was designed by Adolph A. Weinman. The obverse features Lady Liberty striding toward the sunrise, symbolizing progress and freedom, while the reverse showcases a majestic bald eagle perched on a rocky crag, epitomizing strength and resilience.
Specifications of the 1942-P Walking Liberty Half Dollar
| Feature | Specification |
|---|---|
| Composition | 90% Silver, 10% Copper |
| Weight | 12.50 grams |
| Diameter | 30.63 mm |
| Silver Content | 0.36169 troy ounces |
| Edge | Reeded |
Mintage and Scarcity
In 1942, the Philadelphia Mint produced approximately 47,818,000 Walking Liberty Half Dollars, making it one of the more common issues in the series. Despite this high mintage, the coin’s age and historical context contribute to its desirability among collectors.
Current Market Value
The value of a 1942-P Walking Liberty Half Dollar varies based on its condition and the current silver market. As of November 28, 2024, with silver priced at $30.57 per troy ounce, the coin’s intrinsic silver value is approximately $11.05. However, collector demand often elevates its market price beyond the melt value.
| Condition Grade | Approximate Value (USD) |
|---|---|
| Good (G-4) | $21 |
| Very Good (VG-8) | $23 |
| Fine (F-12) | $24 |
| Very Fine (VF-20) | $25 |
| Extremely Fine (EF-40) | $28 |
| About Uncirculated (AU-50) | $32 |
| Uncirculated (MS-60) | $54 |
| Brilliant Uncirculated (MS-63) | $77 |
Note: Values are approximate and can fluctuate based on market conditions and collector demand.
Factors Influencing Value
- Condition (Grade): The coin’s state of preservation significantly impacts its value. Coins with minimal wear and higher aesthetic appeal command higher prices.
- Market Demand: Collector interest can drive up prices, especially for coins in superior condition or with unique attributes.
- Silver Prices: As a silver coin, its value is partially tied to the current silver market. Fluctuations in silver prices can affect the coin’s melt value.
Notable Sales and Auction Records
High-grade specimens of the 1942-P Walking Liberty Half Dollar have fetched impressive sums at auctions. For instance, a coin graded MS-68+ by PCGS sold for $78,000 in 2021, highlighting the premium placed on exceptional quality.
Collecting the 1942-P Walking Liberty Half Dollar
For enthusiasts looking to add this coin to their collection, it’s advisable to purchase from reputable dealers or through established auction houses. Ensuring the coin’s authenticity and accurately assessing its grade are crucial steps in the acquisition process.
The 1942-P Walking Liberty Half Dollar is more than just a piece of currency; it’s a tangible link to America’s rich history. Its value is influenced by various factors, including condition, market demand, and silver prices. Whether you’re a seasoned collector or a novice, understanding these elements can help you appreciate the true worth of this iconic coin.
FAQs
What is the silver content of the 1942-P Walking Liberty Half Dollar?
The coin contains 90% silver and 10% copper, with approximately 0.36169 troy ounces of pure silver.
How can I determine the condition of my 1942-P Walking Liberty Half Dollar?
Coin grading involves assessing wear and overall appearance. Consulting with a professional coin grader or referencing a grading guide can provide accurate evaluations.
Does the absence of a mint mark affect the coin’s value?
The lack of a mint mark indicates it was minted in Philadelphia. While mint marks can influence value, the coin’s condition and rarity play more significant roles.
