The 1940 Walking Liberty half dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1940 Half Dollar

Specifications

Type: Walking Liberty Half Dollar
Year: 1940
Face Value: $0.50
Composition: 90% silver, 10% copper
Silver Weight: .36169 oz.
Total Weight: 12.5 grams
Current Silver Bullion Value: $5.99

The US minted the 1940 half dollar with no mint mark and also the 1940 S half dollar. The mint mark, when present, can be found on the reverse side of the coin on the lower left side.

Series Location Quantity Minted
1940 Philadelphia 9,156,000
1940 S San Francisco 4,550,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $5.99 as of December 07, 2019. This melt value is calculated from the current silver spot price of $16.57 per ounce.

The 1940 half dollar with no mint mark is worth around $9 in good condition. In very fine condition the value is around $16. In extremely fine condition the value is around $18. In uncirculated condition the price is around $35 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $55.

The 1940 S half dollar is worth around $9 in good condition. In very fine condition the value is around $16 and in extremely fine condition the value is around $18. In uncirculated condition the price is around $45 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $80.

Proof coins with no mint mark are available and they are each valued at around $500 in PR 65 condition. There were only 11,279 proof coins minted.

Grading System

Good- The rims of the coin are defined. The motto "IN GOD WE TRUST" on the front of the coin is readable.

Very fine- The lines on Lady Liberty's skirt look sharp. There is a small amount of wear on Lady Liberty's right arm and breast.

Extremely fine- Almost all of Lady Liberty's gown lines are visible.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

PR 65 proof- There are no flaws to this coin. A few blemishes may be present.

 

Sources:

The Red Book


See also:

1941 Half Dollar
1939 Half Dollar
1938 Half Dollar