I take it your hub looks like the picture near the bottom of page 4 of this thread?
https://thecabe.com/forum/threads/w...ou-have-them-tell-us-about-them.151709/page-4
In Sheldon Brown's article on older Raleigh bicycles, under the heading "Dating Your Raleigh 3-speed Bicycle", he states that "In the '30's, they only used a single digit, i.e. "6" for "1936". After that, they started using two-digit date stamps." That would make the hub in the thread a 1939, and the owner said that agreed with the bicycle's serial number. I believe 1936 was the first year for the AW.
https://www.sheldonbrown.com/raleigh.html
Pictures are always helpful.