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1938-S 50c Oregon Trail MS

Greysheet & CPG® Values
Melt Value (Silver): 0.3617 oz +13.77%
$13.72
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1938 Oregon half dollars were issued at the Philadelphia, Denver, and San Francisco Mints, making it the first year of the long-running Oregon type during which the coin was made at all three operating mints during the same year. They were sold in three-piece sets for $6.25 each and proved quite popular with collectors.

The coins were designed by James Earle Fraser and Laura Gardin Fraser, a husband-and-wife coin design team known for producing some beautiful numismatic art. The Oregon half dollar was no exception, with many calling it one of the most beautiful commemorative coins ever produced in the United States. The obverse features a Native American standing tall before a geographical outline of the United States, itself tracing a wagon train path across the western portion of the map where the 2,000-mile Oregon Trail was charted in the early 19th century.

All 1938 Oregon Trail half dollars are relatively easy to find in nice uncirculated grades, as most were saved in the grades of MS64-66. However, above those levels this coin becomes extraordinarily scarce, with only small handfuls known in grades of MS67, MS68, or higher.

Obverse Description

The obverse shows a Native American standing before a geographical map of the continental United States, with an indication of the actual Oregon Trail across the applicable portion of map.

Reverse Description

The reverse shows a cattle-drive stagecoach rolling over a hill with a large sunset shining in the background.

Catalog Information

GSID: 10348
Designer: James Earle Fraser, Laura Gardin Fraser
Obverse Designer: James Earle Fraser
Reverse Designer: Laura Gardin Fraser
Fineness: 0.9
Weight (gr): 12.5 gr
Weight (oz): 0.475 oz
Precious Metal Weight: 0.3617 oz
Strike Type: Business
Diameter: 30.6
Coin Shape: Round
Edge: Reeded
Variety: Oregon Trail
Coin Date: 1938-S
Denomination: 50c
Designation: MS
Mint Location: San Francisco
Mint Mark: S
Mintage: 6,006
Coinage Type: Classic Commemorative
Coinage Years: 1892-1954
Composition: 90% silver; 10% copper
PCGS #: 9350
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Coin Value History
1938-S 50c Oregon Trail MS
Value By Grade
1938-S 50c Oregon Trail MS
CPG (retail) values
Value by grade is available to subscribers. Subscribe to View

Values

Greysheet & CPG® Values
Melt Value (Silver): 0.3617 oz +13.77%
$13.72
GSID:10348 PCGS:9350 Shop related

Values

Greysheet & CPG® Values
Grade CAC CPG Value (Retail) Greysheet Price (Wholesale)
MS69 CAC $43,000 $1,234
MS69 - $36,000 $1,234
MS68 CAC $1,234 $1,234
MS68 - $1,234 $1,234
MS67 CAC $1,234 $1,234
MS67 - $1,234 $1,234
MS66 CAC $1,234 $1,234
MS66 - $1,234 $1,234
MS65 CAC $1,234 $1,234
MS65 - $1,234 $1,234
MS64 CAC $1,234 $1,234
MS64 - $1,234 $1,234
MS63 CAC $1,234 $1,234
MS63 - $1,234 $1,234
MS62 CAC $1,234 $1,234
MS62 - $1,234 $1,234
MS61 CAC $1,234 $1,234
MS61 - $1,234 $1,234
MS60 CAC $1,234 $1,234
MS60 - $1,234 $1,234
AU58 CAC $1,234 $1,234
AU58 - $1,234 $1,234
AU55 CAC $1,234 $1,234
AU55 - $1,234 $1,234
AU53 CAC $1,234 $1,234
AU53 - $1,234 $1,234
AU50 CAC $1,234 $1,234
AU50 - $1,234 $1,234
XF45 CAC $1,234 $1,234
XF45 - $1,234 $1,234
XF40 CAC $1,234 $1,234
XF40 - $1,234 $1,234

Auction Prices

Recent public sale records for this item
See all
1938-S 50C Oregon, MS64 PCGS. CDN: $240 Whsle. Bid for NGC/PCGS MS64. Mintage 6,006....
$268
Sold 2/2/2026
Heritage Auctions
1938-S 50C Oregon, MS66 NGC. CDN: $320 Whsle. Bid for NGC/PCGS MS66. Mintage 6,006....
$415
Sold 2/2/2026
Heritage Auctions
1938-S 50C Oregon, MS65 PCGS. CDN: $280 Whsle. Bid for NGC/PCGS MS65. Mintage 6,006....
$390
Sold 2/2/2026
Heritage Auctions
1938-S 50C Oregon MS67+ PCGS. CAC. CAC Population: (143/14). Mintage 6,006....
$1,560
Sold 11/17/2025
Heritage Auctions
1938-S 50C Oregon MS68 NGC. CAC. CAC Population: (14/0). Mintage 6,006. ...
$3,120
Sold 12/16/2024
Heritage Auctions
1938-S 50C Oregon MS63 NGC. Mintage 6,006. ...
$228
Sold 11/18/2024
Heritage Auctions
1938-S 50C Oregon MS62 ANACS. NGC Census: (4/1136). PCGS Population (16/1794). Mintage: 6,006. Numismedia Wsl. Price for pr...
$161
Sold 10/12/2010
Heritage Auctions
1938-S 50C Oregon--Cleaned--MS60 ANACS. MS60 Details. NGC Census: (0/1134). PCGS Population (0/1781). Mintage: 6,006. Numis...
$122
Sold 2/2/2010
Heritage Auctions
1938-S 50C Oregon MS61 ANACS. NGC Census: (0/1107). PCGS Population (0/1751). Mintage: 6,006. Numismedia Wsl. Price for NGC...
$144
Sold 6/17/2008
Heritage Auctions
OREGON 50C 1938-S
$70
Sold 8/15/2000
Heritage Auctions
1938-S 50C Oregon MS64 PCGS. Mintage 6,006. ...
$288
Sold 11/17/2025
Heritage Auctions
1938-S 50C Oregon MS66 PCGS. Housed in a Generation 3.1 green label holder. Mintage 6,006....
$348
Sold 9/15/2025
Heritage Auctions
1938-S 50C Oregon, MS65 PCGS. CDN: $280 Whsle. Bid for NGC/PCGS MS65. Mintage 6,006....
$390
Sold 2/2/2026
Heritage Auctions
1938-S 50C Oregon MS67 PCGS. Mintage 6,006....
$660
Sold 11/17/2025
Heritage Auctions
1938-S 50C Oregon MS68 NGC. NGC Census: (39/0). PCGS Population: (22/0). CDN: $2,000 Whsle. Bid for NGC/PCGS MS68. Mintage ...
$1,620
Sold 5/12/2024
Heritage Auctions
1938-S 50C Oregon MS63 NGC. NGC Census: (31/1244). PCGS Population: (132/1997). CDN: $165 Whsle. Bid for problem-free NGC/P...
$184
Sold 6/12/2019
Heritage Auctions
1938-S 50C Oregon MS62 ICG. NGC Census: (4/1120). PCGS Population (16/1745). Mintage: 6,006. Numismedia Wsl. Price for NGC/...
$138
Sold 3/3/2009
Heritage Auctions
1938-S 50C Oregon--Rim Filed--ICG. MS60 Details. NGC Census: (0/1115). PCGS Population (0/1755). Mintage: 6,006. Numismedia...
$126
Sold 1/20/2009
Heritage Auctions
1938-S 50C Oregon MS64 PCGS. This piece is housed in a first-generation "rattler" holder. Mintage 6,006....
$372
Sold 12/9/2024
Heritage Auctions
1938-S 50C Oregon MS66 NGC. CAC. Housed in a Generation 5 fatty holder. Mintage 6,006....
$474
Sold 8/18/2025
Heritage Auctions
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