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The Certified Proof 1936 Walking Liberty Half Dollar graded PF66+ by NGC is a superb and highly coveted specimen from the early days of modern proof coinage in the United States. Representing the first year of proof production for the Walking Liberty series, the 1936 proof issue holds immense significance as both a numismatic milestone and a visual masterpiece. Only a very limited number of proofs were produced this year, making it one of the key issues for collectors pursuing a complete set of Walking Liberty proofs. With its ultra-low mintage, artistic design by Adolph A. Weinman, and stunning preservation in PF66+ condition, this coin is among the finest representations of American numismatic artistry of the 20th century.
The obverse of the 1936 Walking Liberty Half Dollar features Weinman’s iconic image of Lady Liberty striding confidently toward the dawn of a new day, draped in the American flag and carrying branches of laurel and oak—symbols of civil and military glory. The sun rises at her feet, and the word “LIBERTY” arcs across the top of the coin, with “IN GOD WE TRUST” to the right and the date “1936” at the bottom. In PF66+ condition, the devices are razor-sharp, with full definition in Liberty’s gown folds, outstretched arm, and flag drapery. The mirrored fields exhibit deep reflectivity, while the high points may feature delicate frosting, contributing to a stunning cameo contrast depending on the individual strike. A PF66+ grade indicates a near-pristine surface, free of distracting marks and with exceptional eye appeal.
The reverse depicts a bold American eagle perched on a rocky crag with wings partially extended, a pine sapling growing from the crevice beneath. The inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “HALF DOLLAR” are inscribed around the eagle. On the 1936 proof issue, the details in the eagle’s feathers, the rugged rock, and surrounding lettering are fully defined and crisply struck. In this NGC-certified PF66+ specimen, the reverse mirrors the obverse in terms of technical excellence and visual impact. The surface preservation is exceptional, with only the most minimal imperfections visible under magnification, placing the coin on the cusp of PF67 territory.
The 1936 proof half dollar is a historic coin in its own right. After a hiatus in proof production that lasted from 1916 to 1935, the U.S. Mint resumed proof coinage in 1936 in response to renewed collector interest. That year, only 3,901 proof Walking Liberty Half Dollars were struck, making it the lowest mintage of the entire seven-year proof run from 1936 to 1942. All 1936 proofs were struck at the Philadelphia Mint and distributed as part of individual or full proof sets sold directly to collectors. The extremely limited mintage and high attrition rate have made the 1936 proof half dollar one of the scarcest and most sought-after coins in the Walking Liberty series, especially in gem condition.
The resumption of proof coinage in 1936 marked the beginning of the modern era of U.S. numismatics, with the Mint using hand-polished dies and specially treated planchets to produce coins with reflective fields and sharp devices. Proofs of this year were not uniformly brilliant, however; many exhibit a range of finishes from deeply mirrored to lightly hazy, and cameo contrast is not common. Nonetheless, examples with superior strike, preservation, and visual balance—like this PF66+ coin—stand out for their exceptional quality and aesthetic presence. NGC’s certification and plus designation further confirm the coin’s elite status within its grade.
The Walking Liberty design is widely regarded as one of the most beautiful ever issued on U.S. coinage. Originally introduced in 1916, Weinman’s half dollar replaced the Barber design and ushered in a new era of artistic coinage. The flowing movement, rich symbolism, and classical proportions of Liberty’s figure were revolutionary for their time. The proof version enhances all these attributes, allowing collectors to appreciate the designer’s full intent without the softening that occurs in heavily circulated coins. Collectors of American classics often view the 1936 proof as a cornerstone piece due to its beauty, scarcity, and foundational role in proof collecting.
The coin conforms to standard specifications for the Walking Liberty Half Dollar: 90% silver and 10% copper, a diameter of 30.6 millimeters, and a weight of 12.5 grams. While its silver content contributes to intrinsic value, its true worth lies in numismatic desirability and its certified grade. The PF66+ designation places this coin in the upper echelon of surviving examples, with fewer than a few hundred believed to exist in comparable or better condition. The NGC holder guarantees authenticity and grade, providing long-term security for collectors and investors alike.
In terms of market demand, the 1936 Proof Walking Liberty Half Dollar remains one of the most pursued issues in the entire series. Its combination of low mintage, early proof status, and unmatched design appeal ensures continual interest from both advanced specialists and high-end type collectors. The coin’s appearance in PF66+ further enhances its desirability, offering a premium example without entering the more expensive PF67 or PF68 territory. As one of the top-tier proofs of the series, this coin is ideal for registry sets, high-grade type collections, and portfolios focused on American numismatic excellence.
Because of the small original mintage and the delicate nature of proof surfaces, many surviving examples from 1936 exhibit hairlines, spots, or impairments that limit their grade and visual appeal. A PF66+ example avoids these issues, showing minimal evidence of handling and excellent strike quality. It is the type of coin that impresses at first glance, with an elegant blend of sharp detail, silvery brilliance, and soft frost that hints at cameo contrast, even if not officially designated as such. Such a coin reflects the care with which it was produced and preserved, making it a standout piece in any display or collection.
In conclusion, the Certified 1936 Proof Walking Liberty Half Dollar graded PF66+ by NGC represents the pinnacle of early modern U.S. proof coinage. With its extremely low mintage of 3,901, brilliant strike, and the first proof of one of America’s most beloved designs, it captures a moment of numismatic renaissance at the U.S. Mint. Graded near the top of the population, this PF66+ specimen offers a rare opportunity for collectors to acquire a historically important and visually stunning coin that exemplifies the artistry, scarcity, and enduring appeal of classic American silver proofs.