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: $4.97 (2/25/2021)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

1923 S 25C MS obverse 1923 S 25C MS reverse
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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: 10/29/2019

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

1923 S 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 375 475 650 1130 1500 1950 2050 2100 2500 2650 2800 3050 3400 3800 4000 4850 8000 - - -
$ - - - - - - - - 3500 3950 4150 5500 - -
1923 S 25C MS FH
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - 2050 2250 2500 2750 3200 3300 3600 4100 4500 5750 16800 30500 - - -
$ - - - - - - - - 4250 5000 7400 23000 50000 -

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: 907
Low Grade: PrAg
Average Grade: 53
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 2/23/2021 1923 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base685769173384722293862-1519344541213---727
----------------1-----1
----------------1-1---2
-----------------------
Total685769173384722293862-1519344543214---730
 1%1%8%9%24%5%6%3%4%5%8%-2%3%5%6%6%3%1%--- 
1923 S 25C MS FH
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------162611015235616215---180
------------------1---1
--------------3112----7
-----------------------
Total--------162611015265717236---188
 --------1%3%14%1%5%8%14%30%9%12%3%--- 

NGC Registry

NGC Registry Score 1923 S 25C MS FH
 PrAgGVGFVF4045505355586061626364656667686970
Base66310101170141019222233241724952614275428853103314932813486363940646370800984341834019601
779106312501581202622942443253526612798295831183193334935373781483369168151117361876020581
00000024432535266127982958311831933349353737814833691681511173600
00000024692574270728413030313432373418358839225601746382921503800
1923 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base6209491103133318252124230224332495252527542834291030333194336534473765469453261315314141
73010001180149719252183234624542505260127812859295130873251339235534075490579351348214848
0000002346245425052601278128592951308732513392355340754905793500
00000023892474251526782807288529923140330834203659438451151054400
Registry Image Gallery
Grade: MS 67 FH
Points: 8009
Owner: JMWorlock
 
Grade: MS 67
Points: 4905
Owner: Tony Littlejohn
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

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.