Coin Specifications

Category: Modern Commemoratives (1982-Date)
Mint: Denver
Mintage: 98,383
Catalog: KM-241
Obverse Designer: William Krawczewicz and Thomas D. Rogers, Sr.
Reverse Designer: Dean McMullen and Thomas D. Rogers, Sr.
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $11.83 (10/4/2015)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1993 D JAMES MADISON S$1 MS obverse 1993 D JAMES MADISON S$1 MS reverse

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There are no NGC varieties for this coin.

Description & Analysis

The same May 13, 1992 legislation that provided for the Columbus coin program likewise authorized a three-coin set honoring the bicentennial of the Bill of Rights and its primary author, James Madison. Surcharges were to be included within the sales prices of these coins, and the money so raised was earmarked for the James Madison Memorial Fellowship Trust Fund.

This set includes uncirculated and proof editions of a silver half dollar, a silver dollar and a gold half eagle. The latter, being a gold coin, was naturally struck at West Point, while Denver received the uncirculated dollar and San Francisco minted the proof specimens of both the dollar and half dollar. In an unusual move, West Point was selected to coin the uncirculated half dollar, this being only the second time it would strike a non-gold commemorative. Recognizing that sales of recent commemorative coins had declined, the authorized mintages for this series were just one million half dollars, 900 thousand silver dollars and 300 thousand half eagles.

T. James Ferrell’s obverse for the half dollar shows Madison seated with pen to paper. To the right is a view of his famous home, Montpelier, and above this is the inscription “JAMES MADISON FATHER OF THE BILL OF RIGHTS.” The date of coining is near the lower border, while the mintmark is likewise near the border at four o’clock, and Ferrell’s initials appear beneath Madison’s elbow. The torch of freedom held aloft dominates the reverse of this coin, flanked by the inscriptions “THE BILL OF RIGHTS” and “OUR BASIC FREEDOMS.” Beneath each of these is a single star. This side is the work of sculptor Dean E. McMullen, whose initials are seen at the truncation of the arm holding the torch. The remaining elements of both sides are comprised entirely of statutory inscriptions.

U. S. Mint Sculptor-Engraver Thomas D. Rogers, Sr. modeled the design submitted by artist William Krawczewicz which appears on the obverse of the silver dollar. Both men’s initials are seen at the truncation of the right-facing bust of James Madison. This simple design includes just the date of coining and the mintmark below it, as well as two statutory legends. The elevation view of Montpelier seen on the half dollar’s obverse is enlarged for the reverse of the dollar, and the stately home’s name appears below it. At either end of the house’s baseline are the initials of Dean E. McMullen, who provided the drawing, and Thomas D. Rogers, Sr., who modeled it for coining. The balance of this simple design is comprised of statutory inscriptions.

The obverse of the half eagle features yet another portrait of Madison, this time contemplating the Bill of Rights held in his hands. The statesman’s name is below his figure, and below this is the date of coining. A semi-circle of thirteen stars balances the portrait at right, this arc leading to the coin’s mintmark. The initials of designer Scott R. Blazek and sculptor William C. Cousins appear on Madison’s sleeve. The crowded reverse features an eagle at top grasping a parchment. Below this are the words “BILL OF RIGHTS” and a quotation from Madison: “EQUAL LAWS PROTECTING EQUAL RIGHTS ARE . . . THE BEST GUARANTEE OF LOYALTY AND LOVE OF COUNTRY.” This inscription is flanked at left by a torch and at right by a laurel branch. On either side of the branch’s stem are the initials of designer Joseph D. Pena and sculptor Edgar Z. Steever IV. Statutory inscriptions balance out the design on both sides.

The usual pre-issue discounts were offered for each of the six coins of uncirculated and proof finish. In addition, buyers could order the Young Collectors edition of the uncirculated half dollar, which came in a colorful package designed to interest children in the subject matter, or the James Madison Coin and Medal Set, which included both the half dollar and a miniature edition of the bronze medal from the presidential series. Also, the proof version of the half dollar was included in the Mint’s 1993 Prestige Proof Set. Finally, some 9,656 examples of the uncirculated half dollar were serially numbered and countermarked outside of the mint with the initials of the Madison Memorial foundation and the American Numismatic Association.

Despite these many inducements to potential buyers, the resulting net sales figures were yet another disappointment for the Treasury and the coins’ sponsoring organizations. There were simply too many coins being offered in a short period of time, and the price advances seen in recent years for high-grade, certified examples simply did not exist then. Collectors of today now look more favorably upon these coins than did those of 1993.


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Price Guide

Last Updated: 9/26/2014

Click on a price to see historical prices, comparison charts and trends.

Base $ - - - - - - - - - 20.00 21.00 22.00 25.00 28.75 30.00 31.00 33.75 46.25 215

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 1364
Low Grade: 67
Average Grade: 69
High Grade: 70

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
9/1/1997 PCGS MS 66   Teletrade Auction 0976, 976/Lot# 1666 $20.75
10/27/1997 PCGS MS 70   Teletrade Auction 0992, 992/Lot# 1795 $436.00
5/25/2002 PCGS MS 69   Heritage Auctions Exclusively Internet Auction #22063, 22063/Lot# 15701 $36.80
7/8/2012 PCGS MS 70   GreatCollections GreatCollections Coin Auctions 07/08/2012, 30/Lot# 20510 $154.00
7/14/2013 PCGS MS 69   Heritage Auctions Internet Coin Auction Session(2), 131330/Lot# 23335 $30.00
7/14/2013 PCGS MS 69   Heritage Auctions Internet Coin Auction Session(1), 131330/Lot# 22599 $34.00
11/24/2013 PCGS MS 69   David Lawrence Rare Coins Internet Auction # 779, 788/Lot# 795 $61.00

NGC Registry

NGC Registry Score 1993 D JAMES MADISON S$1 MS
Registry Image Gallery
Grade: MS 70
Points: 653
Owner: Bruce Laquster
Grade: MS 70
Points: 653
Owner: DJStevenson
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