How Much Is a 1923 Half Dollar Worth?

Last Updated on June 1, 2022

All 1923 Half Dollars were minted in San Francisco, the other two mints, Philadelphia and Denver, did not produce any half dollars in 1923. 

Your coin has a small “S” located on the reverse close to the rim, indicating the San Francisco mint. These early walking liberty series coins are not common and can be worth a lot of money, but it all depends on the condition. 

The 1923-S Walking Liberty half dollar and its relatively small mintage of just 2,178,000, making them highly collectible.


How much is a 1923 Half Dollar worth?

The value of a 1923 Half Dollar in average circulated condition is $15. The value of a 1923-S Walking Liberty half dollar in very fine condition is around $100 to $150. Prices do start to climb with better condition examples with an extra fine example fetching around $300. 

Just like 1923 Silver Dollar, these coins are highly sought after by collectors and dealers, and a very good example in mint uncirculated condition could be worth a lot more. 

An uncirculated 1923 Half Dollar coin is valued at $800, but some can go for even more at auction. A 1923-S Walking Liberty Half Dollar in very good uncirculated condition sold at a David Lawrence Rare Coin auction for $3200. 

Of course your coin really needs to be seen by a professional to work out the coin’s true value, but there are some tips and tricks to gauge what grade your coin may be valued at: To be in good condition the rims of the coin are defined. The motto “IN GOD WE TRUST” is readable. 

An example of extremely fine condition would be almost all of Lady Liberty’s gown lines are visible. A MS 60 uncirculated Half Dollar coin would show no signs of wear but there may be a few stains, abrasions, or surface marks.

A MS 63 choice uncirculated 1923 Half Dollar coin may have some slight blemishes or contact marks but will largely be untouched.

The 1923-S Walking Liberty Half Dollar

Adolph A. Weinman‘s design of this coin produced from 1916 to 1947 in three mints, San Francisco, Philadelphia and Denver, is popular and sought after among collectors.

There was no real demand for the half dollar denomination during the mid 1920s, so the U.S. Mint decided to stop production of the Walking Liberty half dollar until 1927. 

This stop in production led to coins becoming quite rare as they weren’t really seen as valuable at the time, making these some of the most desirable coins to collectors today. While enthusiasts may have many of these 1923 half dollars available, many are worn and unappealing. 

Finding one in high end condition would mean you have something really valuable on your hands. Well preserved examples of the Walking Liberty Half Dollar from this year are few and far between, and so tend to sell at a high premium price.

What is the 1923 Half Dollar Monroe Adams Value?

The value of a 1923 Half Dollar Monroe Adams in near mint condition can be found for around $50. High grades are rare due to a weak strike and dull lustre, but when found can sell for up to $18,000. 

The 1923-S Monroe Doctrine Centennial half dollar was designed by sculptor Chester Beach. In total, 300,000 half dollars were struck to honor the 100th anniversary of the Monroe Doctrine; these coins were issued by the Los Angeles Clearing House. 

The 1923 Peace Half Dollar value

These coins, although popular, are not not worth very much. The value of a 1923 Peace Dollar in extremely fine condition is $32, whereas the value of a 1923 Peace Dollar in mint uncirculated condition is just $38. 

Due to their age, many Peace Dollars that are for sale on the market exhibit age related wear and tear. The Peace Dollar is one of the most popular silver coins ever produced by the U.S. Mint.

These coins were of limited mintage and were only minted for a period of a few years. It’s understandable to want to own the whole set, many coin collectors want to own Peace Dollars from each year they were minted.

Jackie Palmer is a Houston-based coin journalist and fashion enthusiast. She joined Jewels Advisor’s content team after years of experience as a content strategist, managing blogs and social channels for local stores. Jackie mostly collects and studies US coins produced during the 20th century and over the years, published hundreds of articles for multiple coin publications.