Rare 1918 Illinois Centennial Half Dollar Sells for $17,400 at Auction

The 1918 Illinois Centennial Half Dollar is a historic U.S. commemorative coin issued to celebrate the 100th anniversary of Illinois’ statehood. Commonly known as the Lincoln-Illinois Half Dollar, this coin features Abraham Lincoln, one of Illinois’ most famous historical figures, on the front side (obverse).

It was created after the Illinois Centennial Commission pushed for the coin to help fund the state’s centennial celebrations. The U.S. government approved the coin’s design in 1918, and the Philadelphia Mint produced the coins, marking a milestone in the collection of U.S. half dollars.

Coin Background and History

The Illinois Centennial Half Dollar was the 13th commemorative coin issued by the United States but only the third commemorative half dollar. The coin was created after the success of a previous commemorative set celebrating the completion of the Panama Canal. The Illinois Centennial Half Dollar featured a design that honored both the State of Illinois and President Abraham Lincoln.

Congress approved the coin’s creation to fund centennial celebrations held in Springfield and across Illinois. The coins were distributed by banks and the Springfield Chamber of Commerce. The minting of the coins began in August 1918, and a total of 100,000 coins were struck, plus an additional 58 coins for assay.

Coin Design

Obverse:

The obverse side of the coin features a right-facing portrait of Abraham Lincoln, created by Chief Engraver George T. Morgan. The design is inspired by a life-size statue of Lincoln by sculptor Andrew O’Connor, unveiled in October 1918. The words “CENTENNIAL OF THE STATE OF ILLINOIS” surround the portrait, and the coin also includes “LIBERTY” and the date 1918.

Reverse:

The reverse side of the coin features the Great Seal of the State of Illinois. This design, created by Assistant Engraver John Ray Sinnock, shows a bold eagle holding a shield and a rock, with an olive branch in its talons. The phrase “STATE SOVEREIGNTY NATIONAL UNION” is inscribed along with “E PLURIBUS UNUM” (Out of Many, One). The United States of America and Half Dollar are also written around the edge.

Edge:

The coin has a reeded edge.

Coin Specifications

FeatureDescription
CountryUnited States of America
Year1918
DenominationHalf Dollar (50 Cents)
MintmarkNone (Philadelphia Mint)
Weight12.5 grams
Diameter30.6 mm
EdgeReeded
Alloy.900 Silver, .100 Copper
Obv. DesignerGeorge T. Morgan
Rev. DesignerJohn Sinnock

Noteworthy Specimens and Market Data

The 1918 Illinois Centennial Half Dollar is a sought-after coin for collectors. The value of these coins has appreciated over time. For example:

  • In 1947, the price for a Brilliant Uncirculated coin was around $3.
  • In 1974, the price increased to around $59 for a Brilliant Uncirculated specimen.
  • By 2023, the price for an MS68 example could reach as high as $17,400 at auctions.

Top Population of Graded Coins

  • PCGS MS68+: 2 coins (11/2024)
  • NGC MS68: 8 coins (11/2024)

Conclusion

The 1918 Illinois Centennial Half Dollar is not just a piece of history; it’s a valuable collector’s item. Whether you are a seasoned numismatist or a beginner, this coin offers a fascinating glimpse into U.S. history and the commemorative coin tradition. The design, featuring Abraham Lincoln and the Great Seal of Illinois, makes it a significant piece for any collection. Over time, its value has increased, making it a sought-after treasure for coin enthusiasts.

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FAQ’s

What is the value of a 1918 Illinois Centennial Half Dollar?

A 1918 Illinois Centennial Half Dollar can range in value from around $3 for a circulated coin to over $17,000 for a high-grade specimen (MS68).

Who designed the 1918 Illinois Centennial Half Dollar?

The obverse was designed by George T. Morgan, and the reverse was designed by John Sinnock.

How many coins were minted in 1918 for the Illinois Centennial?

A total of 100,000 coins were minted, plus 58 assay coins.

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