1923-S Walking Liberty Half Dollar
Circulation strike struck at the San Francisco Mint · 2,178,000 made
- Mintage
- 2,178,000
- Metal
- 90% silver, 10% copper
- Weight
- 12.5 g
- Diameter
- 30.6 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1923-S Walking Liberty Half Dollar worth?
In worn condition it trades for about its silver content, 0.3617 troy ounces. Uncirculated coins with full luster or attractive toning sell for more.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1923-S Walking Liberty Half Dollar rare?
- No. 2.2 million were made, a typical run for the series. Condition and varieties decide its value, not the date.
- Is the 1923-S Walking Liberty Half Dollar silver?
- Yes. It's 90% silver, 10% copper and holds 0.3617 troy ounces of pure silver.
- Where is the mint mark on a 1923 Walking Liberty Half Dollar?
- On the reverse, at the lower left near the rim, below the pine branch. On this coin the mark is S, for San Francisco.
- Which San Francisco dates near 1923 are scarcer?
- The 1921-S at 548,000, the 1919-S at 1,552,000, the 1928-S at 1,940,000. So the 1923-S is one of the easier dates of its stretch.
- How many 1923-S Walking Liberty Half Dollar coins were made?
- 2,178,000.
What to check on your 1923-S
- Make sure the mint mark really is an S. A worn or filled mark can be misread.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Judge the grade under good light. Check Liberty's left hand, the skirt lines over her leg and the eagle's breast. Fully struck hands and heads are unusual.
Circulated examples are usually traded for their silver content. Pick out the best ones: original luster and attractive toning lift a coin above melt, while cleaned coins lose most of their collector value. A full strike shows Liberty's left hand and the lines of her skirt clearly. Many dates, especially from branch mints, come weakly struck in those areas.
The story of the 1923-S
San Francisco hadn't struck the Walking Liberty Half Dollar since 1921. When it came back in 1923, it made 2,178,000. After that, San Francisco didn't make another until 1927.
No other mint struck it for circulation that year, so every 1923 you find is from San Francisco.
San Francisco struck the Walking Liberty Half Dollar in 24 issues between 1916 and 1946. By mintage this one lands in the scarcer half, while the key for that mint is the 1916-S (508,000). Within the 1920s it's 8th smallest of 11, between the 1928-S (1.9 million) and the 1927-S (2.4 million).
Soft strikes and scarce postwar dates (1918 to 1929)
Mintages fell after World War I, reaching only 246,000 at Philadelphia, 208,000 at Denver and 548,000 at San Francisco in 1921. These three 1921 coins are the keys of the series. The 1921-D is the rarest. The 1919 issues from all three mints are also scarce, especially in better grades. Most survivors of these dates are well worn.
No halves were struck in 1922 or from 1924 to 1926. Only San Francisco struck them in 1923, 1927 and 1928. Weinman's design was hard to strike, so coins from these years often show flat centers on Liberty's head and left hand. Fully struck examples of the 1919-D, 1920-D and 1923-S are seldom seen. The 1929-D and 1929-S close the period with mintages near one and two million.
How to recognize it
Adolph Weinman's design shows Liberty draped in the flag, striding toward the rising sun with branches of laurel and oak in her arm. The reverse shows an eagle perched on a rocky crag with a pine sapling growing beside it. On 1916 and some 1917 coins the mint mark is on the obverse below IN GOD WE TRUST; after that it is on the reverse at the lower left, near the rim.
Mintage chart
Specifications
| Series | Walking Liberty Half Dollar (1916–1947) |
|---|---|
| Year | 1923 |
| Mint | San Francisco Mint |
| Mint mark | "S" |
| Strike type | Circulation strike |
| Mintage | 2,178,000 |
| Face value | 50¢ |
| Composition | 90% silver, 10% copper |
| Weight | 12.5 grams |
| Diameter | 30.6 mm |
| Edge | Reeded |
| Silver content | 0.3617 troy oz (11.250 g) |
| Designer | Adolph A. Weinman |
Mintage: United States half dollar mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.