1923-S 50C Monroe MS67 PCGS

This lot has been removed from the website, please contact customer services for more information

Lot 97
1923-S 50C Monroe MS67 PCGS

Sold for US$ 18,000 inc. premium

Coins and Medals

28 Jan 2019, 10:00 PST

Los Angeles

1923-S 50C Monroe MS67 PCGS
This beautiful Condition Census 1923-S Monroe half dollar is vividly toned in multicolored hues including reddish-gold, sea-blue, pinkish-rose, jade-green and silver-apricot iridescence. The surfaces are smooth, satiny and truly delightful. For pedigree purposes, a pair of microscopic contact marks are seen in the field to the left of South America.

Authorized by an act of Congress dated January 24, 1923 (which also allowed for a maximum mintage of 300,000 coins), half dollars of this type were intended to commemorate the centennial of the announcing of the Monroe Doctrine. The San Francisco Mint struck 274,000 examples, plus an additional 77 coins for assay purposes; most coins distributed by the Los Angeles Clearing House at $1 each. Approximately 27,000 examples were sold, either through the Clearing House or at the American Historical Revue and Motion Industry Exposition, which backed the issue as a source of revenue for the event. The remaining pieces failed to sell and were released into circulation, explaining the abundance of XF and AU examples. Such coins were seen in circulation into the 1940s.

In the early 1920's, Hollywood was reeling from multiple scandals. To help polish the studios' tarnished reputations, the American Historical Revue and Motion Picture Historical Exposition was formed. In an effort to raise funds for the new organization, it was decided that a commemorative coin would not only do the trick, but would have the additional benefit of generating much needed goodwill for the film industry. The Exposition decided that the Monroe Doctrine, written 100 years earlier in 1923, would make for a popular coin. Legislation passed on January 24th, 1923 authorized the minting of no more than 300,000 Monroe Doctrine Centennial half dollars. Sculptor Chester Beach was selected to design the coin. The obverse is simple enough, and shows the conjoined busts of Monroe and his Secretary of State in 1823, John Quincy Adams. Surrounding the busts at the periphery are the inscriptions UNITED STATES OF AMERICA and HALF DOLLAR. To their left is IN GOD WE TRUST, and to the right the date and mint mark. The reverse was originally to be a simple depiction of North and South America. However, in place of the relief maps of the continents, Beach substituted two female figures which were contorted into a rough approximation of the shape of each land mass. The North American figure holds a branch in her left hand in the area of northern Canada while extending a twig to South America through Central America with her right hand. The South American figure holds a cornucopia with her right arm. The major ocean currents of the Atlantic and Pacific are also included, and apparently represent the flow of goods between the two continents, unimpeded by the European powers. In the lower left reverse field the centennial dates 1823-1923 flank both sides of a scroll and quill, symbols clearly intended to suggest the Monroe Doctrine. The inscriptions MONROE DOCTRINE CENTENNIAL and LOS ANGELES encircle the border. While 300,000 coins were authorized, only 274,000 were actually struck.

In Mint State, the Monroe Doctrine is among the scarcer classic commemorative half dollars, and in Gem and higher grades it is a leading condition rarity in the series. As one of the highest graded examples known to PCGS, the present vividly toned example comes highly recommended for inclusion in the finest collection. The Monroe Doctrine Centennial half is one of the keys to a complete commemorative silver set in Gem or finer grades, and the present Superb Gem represents a virtually unimprovable opportunity. PCGS Population: 7 in MS67, only one is finer, a 67+. (PCGS 9333)
Contacts
1923-S 50C Monroe MS67 PCGS
1923-S 50C Monroe MS67 PCGS
Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

For all Sales categories excluding Arms & Armor, Coins and Medals, Motor Cars, Motorcycles, Wine & Whisky

27.5% on the first $12,500 of the hammer price;
25% of the hammer price of amounts in excess of $12,500 up to and including $600,000;
20% of the hammer price of amounts in excess of $600,000 up to and including $6,000,000;
and 14.5% of the hammer price of any amounts in excess of $6,000,000.

Payment Notices

Payment for purchases may be made in or by (a) cash, (b) cashier's check or money order, (c) personal check with approved credit drawn on a U.S. bank, (d) wire transfer or other immediate bank transfer, or (e) Visa, MasterCard, American Express or Discover credit, charge or debit card for returning clients only. Please note that the amount of cash notes and cash equivalents that can be accepted from a given purchaser may be limited.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licenses please contact Bonhams Shipping Department.

App