Price Guide for 1823 Quarter Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $100.00 – $246,750.00
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PCGS Price GuideCirculated: $50,000.00 – $350,000.00
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3rd Party PriceUncirculated: $138,000.00 – $396,562.50
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PCGS Price GuideUncirculated: $500,000.00
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3rd Party PriceCirculated: $27,025.00 – $96,000.00Uncirculated: $188,000.00
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PCGS Price GuideCirculated: $50,000.00 – $350,000.00
Design and Specifications of the 1823 Quarter
The 1823 Capped Bust Quarter is part of the Capped Bust series that was minted from 1815 to 1838. This coin represents an important era in early American coinage, produced during the presidency of James Monroe. The Capped Bust design was a significant improvement over its predecessor, the Draped Bust, in terms of striking quality and overall aesthetic appeal.
| Weight | 6.74 grams |
|---|---|
| Diameter | 27.5 mm |
| Mint Marks | No mint mark (Philadelphia) |
| Composition | 89.24% silver, 10.76% copper |
| Obverse Design | Capped Bust design, featuring Liberty facing left, designed by John Reich |
| Reverse Design | Heraldic Eagle with shield, designed by John Reich |
Rarity Factors and Value Drivers
The condition of an 1823 Quarter has a significant impact on its value. Due to its age and low mintage, finding high-grade examples is extremely challenging. Coins in About Uncirculated (AU) condition or better are highly prized by collectors.
The strike quality can vary, with some examples showing weakness in certain areas. Well-struck coins with full details are particularly valuable. Original luster is a key factor in determining grade and value, especially for uncirculated specimens.
Mintage: 17,800
Rarity Scale: Very Rare
Circulation Status: Limited Circulation
Preservation Rarity: Extremely rare in high grades (MS60 and above)
Varieties Errors: Two major varieties: Normal 3 and Broken 3 in date
Market Demand: High, due to its rarity and importance in the series
The 1823 Quarter is known for two major varieties: the Normal 3 and the Broken 3 in the date. The Broken 3 variety, where the bottom of the 3 appears detached, is slightly rarer and can command a premium.
Toning can significantly affect the desirability of this coin. Attractive, natural toning can enhance the value, particularly for high-grade examples. Conversely, unattractive or artificial toning can detract from the coin’s appeal.
As a key date in the series, the 1823 Quarter is highly sought after by type set collectors and series specialists alike, which contributes to its strong market demand and value.
