1923-S 50C Monroe MS (PCGS# 9333)

2004 May (CSNS) Signature Sale #346

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    Heritage Auctions
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Lot Description
1923-S 50C Monroe MS68 NGC. The Monroe Exposition was an outgrowth of several lurid scandals and mysterious deaths that occurred in Hollywood in 1923. Studio heads began to search for means by which they could raise the public's regard for movies, stars, and directors. They hit upon the idea of sponsoring a centennial celebration honoring the Monroe Doctrine. An exposition was held in one of the stadiums in the Los Angeles area, and commemorative coins were struck. The Monroe Doctrine Centennial Half Dollar was struck in shallow relief and, despite a plentiful mintage, it has become one of the premier condition rarities in the entire commemorative series. This is due to the shallowness of the relief details, the wide expanses of vulnerable, flat areas in the design, and the general poor quality of most examples seen of this type. Superb Gems, such as this are extremely rare; in fact, this the finest Monroe Half certified by either of the two major services (3/04). The luster is richly frosted, and the otherwise silver-white surfaces display mottled olive-orange and steel-blue shadings. This is a coin of singular beauty and unimpeachable technical merits.
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