![]() The young Fed was powerless to offset the gold inflow or halt the resulting inflation. “A large inflow of European gold to pay for U.S. wrote in a 1943 report to Congress on the state of the nation’s finances.Īs war consumed Europe after the July 28, 1914, assassination of Archduke Franz Ferdinand, Europe turned to the United States for armaments, food and manufactured goods. “The consumer found that food, fuel, shelter and clothing which cost a dollar in April 1916 had risen to almost $2 by 1920,” Secretary of the Treasury Henry Morgenthau Jr. World War I inflationary pressure also forced the end of the true dime-store era when S.S. Four years later, it was worth just $6.02. In 1916 a half dollar was worth the equivalent of $11.04 in today’s money. The Walking Liberty half dollar, which was released into circulation in early 1917, saw its purchasing power decline until the economy hit the skids in 1921. It jumped to 7.7 percent in 1916 and a 20th century record of 17.8 percent in 1918. The 1915 inflation rate was below 1 percent. Economic disruption at homeĪs the United States was preparing to enter World War I, the national economy was entering a five-year period of massive inflation. Three months after the first coins were released in January 1917, the United States entered World War I. We seek no indemnities for ourselves, no material compensation for the sacrifices we shall freely make.” “The world must be made safe for democracy,” he declared as America prepared to enter the war to end all wars. How much are Walking Liberty half dollars worth?Ī saddened Woodrow Wilson, who campaigned on the slogan “He kept us out of war” during the 1916 presidential election, asked Congress on April 2, 1917, to declare war on Germany. ![]() It depicts a full-length allegorical Liberty striding left, garbed in the stars and stripes of Old Glory. Weinman's obverse design for the Walking Liberty half dollar has been hailed as one of the greatest of all time. 1, Germany declared unrestricted submarine warfare, sinking seven American merchant ships in the first two months. World War I raged across Europe and threatened to engulf the United States. Your use of this site indicates full acceptance of these terms.The Walking Liberty half dollar, with its iconography of hope, was released at a dismal time. CDN Publishing is not responsible for typographical or database-related errors. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. The prices listed in our database are intended to be used as an indication only. Price movement is indicated for price changes in the last 30 days. You can learn more about CAC on their web site. coins that meet the standards of the Certified Acceptance Corporation. CDN only tracks Bluesheet on certain items.ĬAC prices are for U.S. For this reason, Bluesheet values typically represent the floor of the market for the specified item. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. The actual value can be more or less than this depending on factors including eye appeal and market timing.īluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade. The motto E PLURIBUS UNUM sits atop a small olive branch left of the eagle. UNITED STATES OF AMERICA and HALF DOLLAR appear on the periphery. Reverse: A large eagle perched on a rock, facing left with wings elevated in a defensive posture. and the motto IN GOD WE TRUST is in the right field. The word LIBERTY frames the periphery and date appears at the bottom center. I bright sun, with extended rays is rising from the horizon on the lower left. Obverse: Liberty portrayed standing on a rock, facing left, with flowing robes and her right hand outstretched with a star-covered drapery flowing behind her. As a common, affordable type coin it makes a beautiful appearance with a very strong strike and fantastic luster. Widely available in all Mint State grades through MS67, with just the finest MS68 being scarce. The 1942 is a Walking Liberty Half Dollar type coin that is only worth the value of the scrap silver content if graded less than Mint State. This issue has an extremely high mintage and therefore massive survival estimate for collectors.
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