The 1923-S Standing Liberty Quarter holds a special place in U.S. numismatics due to its historical significance, design appeal, and relative rarity. Part of the Standing Liberty series minted from 1916 to 1930, this quarter represents a period of artistic revival in American coinage. With its origins at the San Francisco Mint, the 1923-S issue is particularly noteworthy for its low mintage, making it a sought-after coin for collectors today.
The Standing Liberty Design
The Standing Liberty Quarter was designed by sculptor Hermon Atkins MacNeil, who was commissioned as part of the U.S. Mint’s effort to revamp coin designs in the early 20th century. The obverse features Liberty standing confidently, holding a shield in her left hand and an olive branch in her right. This imagery symbolizes the nation’s readiness to defend itself while striving for peace. Liberty is adorned in flowing robes, with intricate details that make the coin one of the most beautiful in U.S. history.
The 1923-S Issue: A Closer Look
The 1923-S Standing Liberty Quarter was minted in San Francisco, as indicated by the “S” mintmark located on the obverse, just to the left of Liberty’s pedestal. This issue is notable for its relatively low mintage of 1,360,000 coins, which was the lowest for the Standing Liberty series at the time.
Design Modifications in 1923
By 1923, the Standing Liberty Quarter had undergone minor modifications to enhance durability and minting quality. The most significant change occurred in 1917 when Liberty’s breast was covered with chain mail, addressing public concerns over the original design’s exposure. These changes carried over to the 1923-S issue, and the details of Liberty’s robe and chain mail are key areas that collectors examine when assessing a coin’s condition.
Grading and Condition
Due to its low mintage and extensive circulation, the 1923-S Standing Liberty Quarter is often found in lower grades, such as Good (G-4) or Very Good (VG-8). Coins in these grades show significant wear, with details of Liberty’s figure and the eagle’s feathers largely worn smooth.
Value and Market Demand
The value of a 1923-S Standing Liberty Quarter varies greatly depending on its grade and overall eye appeal. Here’s a general breakdown:
- Good (G-4): $30 to $50
- Very Fine (VF-20): $250 to $400
- Extremely Fine (EF-40): $750 to $1,500
- Mint State (MS-60+): $4,000 to $8,000
- Full Head (FH) Examples: $10,000 or more
The coin’s value is driven by its low mintage and the difficulty in finding high-grade examples. Collectors prize the 1923-S for its rarity, especially in Mint State condition or with the Full Head designation.
Historical Significance
The Standing Liberty series reflects the optimism and artistic innovation of the post-World War I era. The 1923-S, minted during the economic boom of the Roaring Twenties, circulated at a time when the U.S. was experiencing significant industrial growth and cultural transformation. Coins like the 1923-S tell the story of this dynamic period in American history.
Conclusion
For collectors, the 1923-S represents both a challenge and an opportunity. Its low mintage and rarity in higher grades make it a key date in the Standing Liberty series. When collecting this coin, enthusiasts should pay close attention to authentication and grading, as counterfeits and altered coins do exist in the market.
FAQs
1. Why is the 1923-S Standing Liberty Quarter rare?
The 1923-S was minted in low numbers—just 1,360,000 coins—and most were heavily circulated, making well-preserved examples scarce and valuable.
2. What is the value of a 1923-S Standing Liberty Quarter?
Depending on its condition, values range from $30 in Good (G-4) condition to over $10,000 for Full Head (FH) examples in Mint State.
3. What is a Full Head (FH) designation for the Standing Liberty Quarter?
The Full Head designation means Liberty’s head is fully detailed, including the cap and facial features, indicating an exceptionally well-struck coin. Full Head examples are rare and command premium prices.