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SERIES: Silver Commemoratives
LEVEL: Year, MintMark, & Major Variety

1923-S 50C Monroe (Regular Strike)

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PCGS MS67+

PCGS MS67

PCGS MS67
PCGS #:
9333
Diameter:
30.60 millimeters
Designer:
Chester Beach
Weight:
12.50 grams
Edge:
Reeded
Mintage:
274,077
Metal Content:
90% Silver, 10% Copper
Auction Record:
$29,900 • PCGS MS67 • 7-31-2009 • Heritage
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 122,500 R-1.9 135 / 144 TIE 135 / 144 TIE
60 or Better 60,000 R-2.4 130 / 144 TIE 130 / 144 TIE
65 or Better 5,500 R-3.9 93 / 144 TIE 93 / 144 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS67+ PCGS grade
2 MS67 PCGS grade
2 MS67 PCGS grade
2 MS67 PCGS grade  
2 MS67 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS67+ PCGS grade
2 MS67 PCGS grade
2 MS67 PCGS grade
2 MS67 PCGS grade  
2 MS67 PCGS grade  
2 MS67 PCGS grade  
7 MS66+ PCGS grade
7 MS66+ PCGS grade
7 MS66+ PCGS grade
7 MS66+ PCGS grade

David Hall: The original mintage of the 1923-S Monroe half dollar was very large by commemorative standards as 274, 077 coins were minted and sold to the public at $1.00 per coin. There were so many of them that they initially had little value over their face value and many were spent during the 1930s. Consequently, today the Monroe is one of the silver commemoratives that can be found readily in circulated grades. But interestingly, the Monroe is relatively rare in Gem MS65 or better condition. During the early 1970s, the Monroe was one of the least expensive silver commemoratives and I remember very nice mint state coins being available for $20 to $25. But today, the Monroe's rarity in MS65 or better condition is no longer a secret and these Gem specimens are among the more expensive in the silver commemorative series.

The typical Monroe can grade anywhere from AU to MS64. MS65 examples are very scarce and Superb Gem MS66 specimens are definitely rare. The design of the Monroe is very flat. This leads to problems with strike and also attracts numersous handling marks and abraisions. A well struck, mark-free Monroe is definitely a premium rarity for a silver commemorative. Luster can be very frosty and of course toning can be present in varying degrees.