1923-S Standing Liberty Quarter Value
In the current market, a 1923-S Standing Liberty Quarter changes hands for roughly $50.50 at the low end and $7,013 at the top; the melt floor under every example is $6.60 (spot prices as of 2026-06-01) The figures below break the range down grade by grade.
1923-S Standing Liberty Quarter value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $6.60 |
| Good (G-4) | $50.50 to $74.50 |
| Very Good (VG-8) | $73.00 to $107 |
| Fine (F-12) | $107 to $157 |
| Very Fine (VF-20) | $168 to $248 |
| Extremely Fine (XF-40) | $281 to $413 |
| About Uncirculated (AU-50) | $477 to $701 |
| Mint State (MS-60) | $842 to $1,238 |
| Choice Unc (MS-63) | $1,571 to $2,310 |
| Gem Unc (MS-65) | $4,769 to $7,013 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
Current 1923-S Standing Liberty Quarter value
In worn but collectible condition (Good-4), a 1923-S Standing Liberty Quarter starts around $50.50. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $7,013. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1923-S Standing Liberty Quarter specifications
- Series
- Standing Liberty Quarter
- Year
- 1923
- Mint mark
- S
- Mintage
- 1,360,000
- Composition
- 90% silver, 10% copper
- Weight
- 6.25 g
- Diameter
- 24.3 mm
- Edge
- Reeded
- Designer
- Hermon A. MacNeil
- Silver content
- 0.18084 troy oz
Mintage figure: US Mint reports (approximate).
Where is the mint mark on a 1923 Standing Liberty Quarter?
To confirm your 1923 coin is the San Francisco issue, find the small "S". On the obverse, just left of the date on the pedestal The mark is small, so tilt the coin under a light if it is not obvious.
What makes the 1923-S Standing Liberty Quarter valuable
A production run of only 1,360,000 coins set this date apart from the start. As the recognized key (or near-key) of its series, it commands premiums that common dates never approach.
Every 1923-S Standing Liberty Quarter contains 0.1808 troy ounces of pure silver, currently worth $6.60. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
There is history in a 1923 Standing Liberty Quarter as well. Liberty steps through a gateway bearing a shield, a nation prepared for war but seeking peace, designed as Europe burned in 1916. That backdrop keeps the series among the most actively collected in American numismatics.
Summary: the 1923-S Standing Liberty Quarter is valued between $50.50 and $7,013 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.