Coin Specifications

Category: Standing Liberty Quarters (1916-1930)
Mint: San Francisco
Mintage: 1,360,000
Obverse Designer: Hermon A. MacNeil
Reverse Designer: Hermon A. MacNeil
Composition: Silver
Fineness: 0.9000
Weight: 6.2500g
ASW: 0.1808oz
Melt Value: $3.15 (5/27/2017)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

1923 S 25C MS obverse 1923 S 25C MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

This 1923-S quarter had the lowest mintage of any San Francisco Mint emission of the raised date issues, and it has long been heralded as rare across all grades. When this coin series became quite popular in the late 1930s, dealer's ads typically had all dates/mints priced for sale, but 1923-S was more often unavailable, the ad stating "Wanted to buy" in place of a price. In circulated grades it is second only to 1916 and the overdate in rarity.

Mint State survivors are in limited supply, but they are proportionally more available than the mintage would suggest. Gems do appear for sale with some regularity. Though most are lacking a Full Head, 1923-S is not the rarest issue with FH.

Many 1923(P) quarters have had S mintmarks applied to them over the years, but these are usually detectable by examining the date. The figures of the Philadelphia Mint issue are thin and sharp, while 1923-S quarters always have a bit of of puffiness to the final two numerals.

GRADE SUMMARY

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Price Guide

Last Updated: 5/5/2017

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

1923 S 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 340 420 700 900 1450 1875 2150 2300 2500 2650 2800 3050 3400 3900 4450 5000 8000 - - -
$ - - - - - - - - 3500 4150 4600 5600 - -
1923 S 25C MS Full Head
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - 2050 2250 2750 3050 3200 3300 3600 4100 4900 6600 15500 29000 - - -
$ - - - - - - - - 4250 5250 7400 22500 50000 -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 832
Low Grade: PrAg
Average Grade: 55
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
6/11/2017 AU Details  Heritage Auctions 2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1256/Lot# 3467


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/6/2004 PCGS MS 64   Full Head Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 739 $2,760.00
5/12/2013 PCGS XF 40   David Lawrence Rare Coins Internet Auction # 751, 760/Lot# 850 $1,200.00
9/16/2013 PCGS MS 62   Teletrade Auction 3448, 3448/Lot# 1477 $2,000.00
9/7/2014 PCGS AU 50   GreatCollections GreatCollections Coin Auctions 09/07/2014, 191/Lot# 204389 $1,800.00
10/8/2014 PCGS MS 66   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(4), 1210/Lot# 4741 $4,406.25
8/11/2015 NGC MS 64   Stack's Bowers 2015 Chicago ANA, 6104/Lot# 390 $3,290.00
8/12/2015 NGC Details VF Details  Heritage Auctions 2015 August 12 - 16 ANA US Coins Signature Auction - Chicago Session(6), 1223/Lot# 7628 $705.00
2/4/2016 PCGS MS 67   Heritage Auctions 2016 February 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(2), 1232/Lot# 3897 $6,462.50


NGC Registry

NGC Registry Score 1923 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base3333764900911925983102110751110113111731226145019072335328153261315021479
33325680990391594499510391086111711451190130016022049265039627934159260
0000009159449951039108611171145119013001602204926503962793400
000000920963100810571098112411591208137517542192296546441054200
1923 S 25C MS Full Head
 PrAgGVGFVF4045505355586061626364656667686970
Base33338631011102510391103114412021240126413091367203327543564456571381833930236
3332899121015102910601116116312141248127913281589227330243897542210871223040
00000010291060111611631214124812791328158922733024389754221087100
00000010341081113011821227125612941347181125133294423162801460500
Registry Image Gallery
Grade: MS 67 FH
Points: 4565
Owner: JMWorlock
 
Grade: MS 64 FH
Points: 2033
Owner: joe t
 
View the Registry Image Gallery

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