The third Proof installment in the Walking Liberty half dollar series, and also the third rarest after the 1936 and 1937, the 1938 Walking Liberty Half Dollar is typically offered no finer than Proof-66. In Proof-68, the issue is an important condition rarity that is the province of the most advanced collectors.

The 1938 (4.1 million coins struck) is among the scarcer Half Dollar issues from the middle Walking Liberty series of 1934-1940. In high grades (read: MS-65 or finer), the 1938 is rarer than the 1936, 1937, 1939, 1939-D, 1939-S and 1940 among middle-date Walkers.

View 1938 Walking Liberty Half Dollar Auction Results

The example to the left was sold by Stack's Bowers Galleries in March 2016 Sale, where it realized $7,050.