1928-S Walking Liberty Half Dollar: A Collector’s Guide

The 1928-S Walking Liberty Half Dollar is a captivating piece of American numismatic history that appeals to both seasoned collectors and new enthusiasts. Part of the Walking Liberty series designed by Adolph A. Weinman, this coin is known for its elegant design and historical significance. Minted at the San Francisco Mint, the 1928-S is a relatively scarce issue, particularly in higher grades, making it a treasured addition to any collection.

Design and Features

The Walking Liberty Half Dollar is celebrated as one of the most beautiful coins in U.S. history. The design embodies American values and ideals, with features that are both symbolic and timeless.

1. Obverse Design:
   The obverse features Lady Liberty striding toward the sunrise, draped in an American flag, symbolizing progress and hope. She holds a bundle of laurel and oak branches, representing civil and military success.
2. Reverse Design:
   The reverse depicts a majestic bald eagle perched on a rock, its wings partially spread. A mountain pine sapling grows from the rock, symbolizing resilience and strength.
3. Specifications:
   • Composition: 90% silver, 10% copper
   • Weight: 12.5 grams
   • Diameter: 30.6 mm
   • Edge: Reeded

Mintage and Rarity

The 1928-S Walking Liberty Half Dollar had a mintage of 1,940,000 coins, making it a mid-range issue in terms of production numbers for the series. However, many of these coins were heavily circulated, and surviving examples in higher grades are relatively scarce.

Collectors particularly prize coins in Extremely Fine (XF) condition and above, as they retain much of the intricate design detail that makes this series so iconic.

Value and Grading

The value of a 1928-S Walking Liberty Half Dollar depends largely on its condition:

• Good (G-4): $15–$25
• Very Fine (VF-20): $60–$100
• Extremely Fine (XF-40): $150–$300
• Mint State (MS-60 and above): $1,000 or more

Coins graded MS-63 or higher are particularly rare and can command significant premiums, especially those with strong luster and minimal marks. A well-struck example with full details in Liberty’s hand and the eagle’s feathers is highly desirable.

Challenges for Collectors

1. Weak Strikes:
   Many 1928-S Walking Liberty Half Dollars suffer from weak strikes, especially on the obverse and eagle’s feathers. Finding a well-struck coin can be a challenge.
2. Circulated Examples:
   Since these coins were heavily circulated, most examples show considerable wear, which diminishes their value.
3. Authentication:
   Like many silver coins, the 1928-S is susceptible to counterfeits. Collectors should consider purchasing certified examples from reputable grading companies like PCGS or NGC.

Tips for Collectors

1. Focus on Eye Appeal:
   Even if a coin isn’t in the highest grade, strong eye appeal can make it a standout piece in your collection. Look for coins with good luster and minimal damage.
2. Prioritize Grading:
   Professional grading adds value and ensures authenticity. Seek coins with a clear grade from trusted certification services.
3. Be Patient:
   Finding a 1928-S in excellent condition can take time, but the reward is a valuable and beautiful coin that will enhance any collection.

Historical Context

The 1928-S Walking Liberty Half Dollar was minted during a period of economic transition in the U.S., just before the onset of the Great Depression. As such, it represents a moment of optimism before the economic challenges of the 1930s. The coin’s design reflects themes of hope, resilience, and American ideals, which resonated with the public during this era.

Conclusion

The 1928-S Walking Liberty Half Dollar is a striking and historically significant coin that deserves a place in any collection. Its combination of artistic beauty, historical resonance, and relative scarcity make it a prized piece among numismatists. Whether you’re drawn to its design, its story, or its investment potential, this coin offers a unique opportunity to own a piece of American history.

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