How Much is a 1934 Half Dollar Worth? (Price Chart)

Not the best US coins to ever be minted, not a unique design either, but 1934 half dollar coins seem to have a special place in the heart of collectors.

Let us add on, 1934 half dollars were minted in quite a large numbers. Therefore, these half dollars cannot be deemed rare either. Despite all these, 1934 half dollars are still valued for a good sum of money.

In this post, we’ll discuss the special features of 1934 half dollars, the mints that struck these coins, their current market value, and more. Read on to know more about 1934 half dollars!

What’s The 1934 Half Dollar?

Walking Liberty Half Dollar US coins were designed during the early 20th century by Adolph A. Weinman. These coins were issued from 1916 to 1947 and were replaced by Franklin half dollars in 1948.

Cornelius Vermeule, an art historian, declared the walking liberty half dollar coins to be one of the most beautiful coins. Furthermore, the obverse side of Weinman’s design has been modified for use in American Silver Eagle.

Features of 1934 Half Dollar

Features of 1934 Half Dollar

1.   Design:

On the obverse side of the Walking Liberty half-dollar coins, the design features Lady Liberty holding branches of Oak and Laurel and striding. There’s a US flag over her shoulder and a shining sun on the eastern horizon at the bottom left side of the coin.

The design features a bald eagle with its wings unfolded on a mountaintop on the reverse side. There’s also a small sapling of mountain pine emerging through a rift on the rock on the left bottom of the tail side of the coin.

2.   Coin Specifications:

The composition of a 1934 half-dollar coin is 90% silver and 10% copper. According to Wikipedia, the 1916-1947 walking liberty half dollars have a mass weight of 12.5 gm, a diameter of 30.63 mm, and a thickness of 1.8 mm. The edges of these coins are reeded.

3.   Mint Marks:

1934 half dollars minted at Philadelphia mint lack mint marks. For coins minted at other minting locations, you’ll find the mint marks as D and S on the lower left side, below the tree, and on the reverse side of the coin.

Which Mints Made The 1934 Half Dollar?

Which Mints Made The 1934 Half Dollar

1.   Philadelphia Mint:

The total mintage of 1934 half dollars was around 12,977,000, and more than 50% of the coins were minted at the Philadelphia mint. Around 7 M 1934 Walking Liberty half dollars were minted at this minting facility.

Philadelphia mint 1934 half dollars doesn’t bear any mint mark and is pretty common and affordable.

Consequently, these half dollars are of lesser interest to coin collectors when compared to the demand for Denver and San Fransisco minted 1934 half dollars. Moreover, no Proof (PR) coins have been minted for 1934 half dollars.

2.   Denver Mint:

1934 was the starting year when the Walking Liberty half dollars were produced in a large number. 2,361,400 half dollars were minted at the Denver minting facility, and the mint mark of these coins is ‘D’.

3.   The San Fransisco Mint:

Around 3,652,000 1934 half dollars were minted at the San Francisco minting facility, and the mint mark in these coins is ‘S’. Among the 1935 half dollars struck at these three minting facilities, the ones with the mint mark ‘S’ demands exponentially higher money, especially in higher grades.

Reasons For Minting 1934 Half Dollar

The general public didn’t exactly praise the Barber coin designs that were minted from 1892 to 1915, and with its minimum term coming to an end in 1916, Weinman’s Walking Liberty half dollars replaced the designs.

In fact, Weinman’s Walking Liberty half-dollars design won the competition held by the Commission of Fine Arts, along with his dimes and the reverse of quarters designs, before being converted into denominations and finally minted.

Walking Liberty half dollars were minted from 1916 to 1947. And finally, the sole reason to mint 1934 Half dollars was simply the continuation of the Weinman’s design to circulate money in the country and nothing more.

What Factors Influence The Value of The 1934 Half Dollar?

What Factors Influence The Value of The 1934 Half Dollar

1.   Errors:

A Youtuber has made a video on how he spotted one of the errors in his 1934 Walking Liberty half dollar.

You may notice a die crack on the base of the numbers ‘3’ and ‘4’ in the date on the Walking Lady side. Such errors are rare and can increase the value of your 1934 half dollars by twice or even thrice.

2.   Grading:

  • Uncirculated:

As the name suggests, uncirculated coins aren’t circulated among the general public and are only accessible through local coin dealers or the mint itself. Mint luster in these coins is preserved, and it’s highly unlikely you’ll notice any wear on the coin’s high points.

By default, these coins are more popular and expensive than circulated coins and are given a higher grading – Mint State (MS). MS grades range from 60 to 70, with MS70 being ‘Perfect Uncirculated’, the rims and the texture of which are flawless even up to 8x magnification.

  • Extremely fine:

All the texture in an extremely fine 1934 Walking Liberty half dollars, including the lines on the gown, should be well preserved.

This grade signifies that the coin is as good as uncirculated with slight minor scratches here and there. You might also notice a slight flattening of the texture in these coins.

This grade has to be collectors’ one of the favorite grade, given how these coins are cheap yet look stunning.

  • Fine:

These coins are circulated yet, have still held their structure and shape decently. You can expect some scratches and texture issues on the coin, but the damage shouldn’t be major ones.

Fine 1934 half dollars will probably just cost a few dollars more than good 1934s and are extremely affordable. You’ll probably witness signs of wearing texture on Lady Liberty’s right arm and breast in fine 1934 half dollars.

  • Good:

The irony is that, when it comes to coins, ‘Good’ is the worst ranking they can ever get. These coins will probably have been heavily circulated and feature multiple signs of damage. The ‘IN GOD WE TRUST’ motto should be readable, and the rim should be well-defined in a good coin.

Good 1934 Walking Liberty coins are valued at a much lesser price, which makes these coins desirable to collectors on a budget.

3.   Cleanliness:

The cleaner and shinier your 1934 half dollar is, the more it is going to attract the buyers. Therefore, always follow a good coin cleaning and storage routine to maintain your 1934 half dollar as well as possible.

4.   Rarity:

It is no new fact that 1934 half dollars are not as rare as some other US coins out in the market. However, as the mintage in Denver and San Fransisco were significantly lower, the coins from this mint, in higher grades, demand more value in the market.

Value of 1934 Half Dollar

Value of 1934 Half Dollar

We all know that the face value of 1934 Walking Liberty half dollars is $0.5 or 50 cents.

As of April 12, 2022, the melt value of a 1934 half dollar is $9.337. This is the minimum value of 1934 half dollars and is calculated by considering the mass of silver present in it and the current market value of silver.

Now, depending upon the factors we discussed above, actual commercial values of 1934 half dollars can be way more than its minimum value. Interesting fact – Feb 2021, PGCS MS-68 CAC graded half dollar was auctioned for $20,400 at Heritage Auction, breaking all the records to date.

Let’s have a look at the current approximate market values of circulated 1934 half dollars, depending upon the grades. We’ve taken the PCGS price guide, recent auction data, and prices on various coin buying/selling online sites into consideration before curating this table.

These tables were prepared on April 12, 2022, and are subjected to change depending upon fluctuation in the market and demand/supply of these coins.

Therefore, we recommend you take this data only for reference purposes and consider cross-checking with various other resources to determine your 1934 half-dollar buying/selling price.

Good (G-6) Very Fine (VF-20) Extremely Fine (EF-40) About Uncirculated (AU-50)
1934 $19.5 $24.95 $28.75 $30
1934 – D $13 $30.19 $69 $80
1934 – S $13 $20 $59 $106

Below is tabulated information on the latest auctioned prices for different uncirculated 1934 MS half dollars.

MS63 MS64 MS64+ MS65 MS66 MS66+ MS67 MS67+ MS68
1934 $240 $185 $144 $480 $528 $1,028 $1,800 $2,880 $20,400
1934 – D $441 $480 $650 $1,500 $2,500 $17,250 $95,000 N/A N/A
1934 – S $6,500 $7,350 $7,750 $14,000 $30,000 $63,000 N/A N/A N/A


We hope we were able to provide you with information on the history, characteristics, and worth of 1934 half dollars. If you found one of these, especially in MS grades, you’re one lucky human!

If you have any information on 1934 half dollars and are aware of the latest transaction prices, share the details in the comment section, and help your fellow collectors.

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