Coin Specifications

Category: Modern Commemoratives (1982-Date)
Mint: West Point
Mintage: 23,266
Obverse Designer: Scott R. Blazek
Reverse Designer: Joseph D. Pe–a
Composition: Gold
Fineness: 0.9000
Weight: 8.3600g
AGW: 0.2419oz
Melt Value: $445.03 (12/5/2020)
Diameter: 21.6mm
Edge: Reeded
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1993 W JAMES MADISON $5 MS obverse 1993 W JAMES MADISON $5 MS reverse
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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.

GRADE SUMMARY

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Price Guide

Last Updated: 1/23/2020

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

1993 W $5 JAMES MADISON MS
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - - 400 425 465

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 1359
Low Grade: 67
Average Grade: 69
High Grade: 70

The chart showing 67 series, 68 series, 69 series, 70 series.
NGC CENSUS DETAIL Last Updated: 12/1/2020 1993 W $5 JAMES MADISON MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------------124988581359
-----------------------
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Total------------------124988581359
 ------------------0%0%37%63% 

NGC Registry

NGC Registry Score 1993 W $5 JAMES MADISON MS
 PrAgGVGFVF4045505355586061626364656667686970
Base733758785813840870900930961994102710601062106310641066106710691072107611931781
7417677948228508809109409721005103810601062106310641066106710701073111513891870
0000009109409721005103810601062106310641066106710701073111500
0000009209509831016104910611062106310651066106810711074115400
Registry Image Gallery
Grade: MS 70
Points: 1781
Owner: Alaska Coin Nut
 
Grade: MS 70
Points: 1781
Owner: Beijim
 
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NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.