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The Certified Walking Liberty Half Dollar 1936 MS66+ NGC is a remarkable numismatic treasure from one of the most celebrated series in American coinage. The Walking Liberty Half Dollar, designed by Adolph A. Weinman, remains a favorite among collectors due to its artistic beauty and historical significance. This specific 1936 issue, certified by NGC in an impressive MS66+ grade, represents one of the finest known examples of this classic coin.
The Walking Liberty Half Dollar was introduced in 1916 as part of a broader redesign of U.S. coinage initiated by President Theodore Roosevelt. The goal was to create coins that reflected the artistic excellence of the time. Replacing the Barber Half Dollar, the Walking Liberty design was met with widespread acclaim, admired for its dynamic imagery and patriotic symbolism. Struck from 1916 to 1947, this series spanned major historical events, including both World Wars and the Great Depression, making it a cherished piece of American history.
The obverse of the 1936 Walking Liberty Half Dollar features a breathtaking depiction of Lady Liberty in full stride, draped in the American flag. She extends her right hand forward, symbolizing progress and hope, while her left arm cradles a bundle of oak and laurel branches, representing strength and victory. The sun rises behind her, casting rays of light that illuminate her path. The word "LIBERTY" is inscribed along the top edge, with the motto "IN GOD WE TRUST" appearing to the right of Liberty’s figure. The date "1936" is prominently displayed at the bottom.
The reverse of the coin showcases an intricately detailed American bald eagle perched on a rocky outcrop, wings partially extended as if preparing for flight. A small pine sapling grows beside the eagle, symbolizing America’s resilience and growth. The inscriptions "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" encircle the upper portion of the design, while the denomination "HALF DOLLAR" is positioned along the lower edge. This majestic reverse design, also by Adolph A. Weinman, perfectly complements the powerful obverse imagery.
The 1936 Walking Liberty Half Dollar was struck at three U.S. Mint locations: Philadelphia (no mintmark), Denver (D mintmark), and San Francisco (S mintmark). This particular coin, graded MS66+ by NGC, likely originates from the Philadelphia Mint, as Philadelphia struck the highest number of half dollars that year. The mintage of the 1936 Philadelphia issue was 12,614,000 coins, making it the most common of the three varieties. However, high-grade examples such as this MS66+ piece remain scarce, as most coins from this period saw extensive circulation.
Mintages across the three facilities varied significantly. The Denver Mint produced 3,884,000 coins, while the San Francisco Mint struck 3,884,000 as well. Despite relatively high production numbers, finding well-preserved specimens in gem condition is increasingly challenging due to the coin’s age and circulation history. As a result, high-grade survivors, particularly in MS66+ and above, command significant premiums in the numismatic market.
The MS66+ grade assigned by NGC signifies that this coin is in near-pristine condition, displaying exceptional luster and strike quality. In this grade, the surfaces are nearly flawless, with only the slightest imperfections visible under magnification. The coin’s luster is brilliant and satiny, with radiant cartwheel effects that enhance its eye appeal. The strike is sharp, ensuring that all design elements, from Liberty’s flowing gown to the eagle’s feathers, are crisply defined.
The preservation of this coin in such an outstanding state is a testament to careful handling and storage over the decades. Many Walking Liberty Half Dollars from the 1930s experienced circulation wear, resulting in significant loss of detail and diminished luster. This MS66+ example, however, has retained its original mint brilliance and full design features, making it a standout piece for collectors who seek top-tier examples.
The eye appeal of this 1936 Walking Liberty Half Dollar is remarkable, with clean surfaces and minimal contact marks. The soft, frosty luster complements the intricate design, creating an attractive and well-preserved specimen. In high-grade examples like this, toning can also enhance the coin’s beauty. Some examples exhibit subtle golden or light blue hues, further increasing their desirability among collectors.
As a collectible, the Walking Liberty Half Dollar series has long been a favorite among numismatists. The design’s elegance, historical significance, and availability in various grades make it an appealing choice for collectors of all levels. Key dates in the series, such as the 1916-S, 1921, and 1938-D, command significant premiums, but even more common dates like the 1936 issue become highly valuable in gem condition.
The numismatic market values high-grade Walking Liberty Half Dollars due to their artistic merit and strong collector demand. Coins graded MS66+ are considered near the top of the condition spectrum, making them highly sought after. In some cases, MS67 examples exist, but they are significantly rarer and command exponentially higher prices. This MS66+ example represents one of the finest attainable conditions for collectors who wish to own an outstanding piece of early 20th-century American coinage.
Investors also appreciate the Walking Liberty Half Dollar for its silver content. Composed of 90% silver and 10% copper, each coin contains 0.3617 troy ounces of pure silver. While numismatic value far exceeds melt value in high grades, the intrinsic silver content provides an additional layer of security for those who invest in tangible assets. As silver prices fluctuate, these coins retain their historical and collectible worth, making them a stable investment.
For collectors assembling a high-grade set of Walking Liberty Half Dollars, this 1936 MS66+ NGC-certified coin is an essential addition. Completing a full set of this series in gem condition is a significant challenge, requiring patience, dedication, and considerable financial investment. As a mid-series date, the 1936 issue offers an excellent combination of availability and affordability in lower grades, while gem-quality specimens remain elusive.
The certification by NGC adds an extra layer of assurance regarding the coin’s authenticity and grade. NGC is one of the most respected third-party grading services in the numismatic industry, known for its rigorous standards and impartial grading process. The encapsulation in a secure NGC holder protects the coin from environmental damage, ensuring its long-term preservation.
The market for high-grade Walking Liberty Half Dollars remains strong, with collectors and investors alike recognizing their significance. Coins like this MS66+ example are highly liquid within the numismatic community, often commanding strong premiums at auctions and dealer transactions. As demand for top-tier classic U.S. coinage continues to grow, prices for certified gem-quality pieces are expected to appreciate over time.
The Certified Walking Liberty Half Dollar 1936 MS66+ NGC is a superb example of one of America’s most beloved coin designs. Its historical significance, breathtaking artistry, and exceptional preservation make it a prize for any collector or investor. With its high grade, outstanding eye appeal, and third-party certification, this coin represents both a tangible piece of American history and a sound numismatic investment.