1823 50C AU55 Certification #12378381, PCGS #6131

Owner's Comments

CAC green sticker. CAC data (5/4/26) for O.105: 11 total, 3 on grade, 2 higher. Comments from Phil Hinkelman: A desirable CAC-approved early type coin, this 1823 Capped Bust Half Dollar, Overton-105, combines solid About Uncirculated preservation with notably pleasing natural color and the enduring appeal of one of the most collected series in early United States silver. The obverse displays the classic capped bust of Liberty facing left, her headband inscribed LIBERTY, with 13 stars encircling the portrait and the date 1823 below. The reverse features a heraldic eagle with shield, olive branch, and arrows, surrounded by the legend UNITED STATES OF AMERICA, with the denomination 50 C. beneath and the banner E PLURIBUS UNUM above. Certified PCGS AU55 and further endorsed by CAC, this piece offers the kind of quality that advanced collectors seek in a circulated early half dollar. The design elements remain boldly defined, with only moderate high-point friction consistent with the assigned grade. Liberty’s curls, drapery folds, and much of the eagle’s feather detail are well preserved, while the rims and stars are sharp throughout. The surfaces show attractive original silver-gray patina with warm champagne and faint peripheral iridescent highlights, contributing to an especially wholesome and undisturbed appearance. Eye appeal is decidedly above average for the grade. The 1823 half dollar is a familiar date within the Capped Bust series, produced to the extent of 1,694,200 pieces, a substantial mintage for the era. Collectors prize these coins for their large format, elegant John Reich design, and the rich die-variety tradition that surrounds the series. For 1823 specifically, specialists recognize several major numeral styles and a total of numerous die marriages, making properly attributed examples especially appealing. PCGS reports a population of 192 in AU55, with 446 finer, confirming that while collectible, this is still a selective grade tier where eye appeal and approval quality matter greatly. The O-105 attribution adds another layer of interest for variety enthusiasts, while the overall look of the coin ensures broad crossover appeal to type collectors and early half dollar specialists alike. An attractive, problem-free 1823 Capped Bust Half Dollar with certified AU55 detail, CAC validation, and pleasing original color, this is a compelling acquisition for the collector seeking quality early U.S. silver with both technical merit and visual charm.

Expert Comments

Ron Guth

The 1823 Half Dollar is a common date in the Capped Bust series thanks to a rather hefty mintage of nearly 1.7 million coins.  This date is available in a full range of grades and can be found with relative ease.  Variety specialists focus on the date, where three major variants are found: Broken 3, Patched 4, and Ugly 3 (plus the Normal 3).  On these varieties, the 3 of the date appears deformed because of a faulty punch and/or repairs made to it.  In addition to the these major varieties, specialists have identified thirteen different die varieties, as well as some interesting die states.

Circulated examples of the 1823 Half Dollar are very common.  Even Mint State examples are readily available, usually in MS62 and MS63, and less frequently in MS64.  Gem examples are very rare and none are known above MS66.  Virtually all of the top-condition 1823 Half Dollars feature impressive color and eye appeal.

PCGS #
6131
Designer
John Reich
Edge
Lettered: FIFTY CENTS OR HALF A DOLLAR
Diameter
32.50 millimeters
Weight
13.50 grams
Mintage
1694200
Metal
89.2% Silver, 10.8% Copper
Pop Higher
378
Pop Lower
1144
Region
The United States of America
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades
65 or Better 6500 R-3.7 63 / 72 67 / 78
All Grades 300 R-6.4 56 / 72 TIE 60 / 78 TIE
60 or Better 17 R-9.2 48 / 72 52 / 78
65 or Better 6500
All Grades 300
60 or Better 17
65 or Better R-3.7
All Grades R-6.4
60 or Better R-9.2
65 or Better 63 / 72
All Grades 56 / 72 TIE
60 or Better 48 / 72
65 or Better 67 / 78
All Grades 60 / 78 TIE
60 or Better 52 / 78

Condition Census Learn More

Pos Grade Thumbnail Pedigree and History
1 MS66 PCGS grade MS66 PCGS grade

Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:1795 - Heritage 4/2009:2429, $27,600 - Bowers & Merena 8/2009:1344, $21,275 - Heritage 8/2011:7151, $24,150 - Dr. Charles Link Collection

1 MS66 PCGS grade MS66 PCGS grade

Dale Friend Collection

1 MS66 estimated grade

"Colonel" E.H.R. Green - Green Estate - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $3.00 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33452, $94,000

4 MS65+ PCGS grade MS65+ PCGS grade

Fossil Creek Collection - Stack's/Bowers 4/2016:13071, $10,575

4 MS65+ PCGS grade MS65+ PCGS grade

Dr. Charles Link Collection

MS66 PCGS grade #1 MS66 PCGS grade

Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:1795 - Heritage 4/2009:2429, $27,600 - Bowers & Merena 8/2009:1344, $21,275 - Heritage 8/2011:7151, $24,150 - Dr. Charles Link Collection

MS66 PCGS grade #1 MS66 PCGS grade

Dale Friend Collection

#1 MS66 estimated grade

"Colonel" E.H.R. Green - Green Estate - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $3.00 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33452, $94,000

MS65+ PCGS grade #4 MS65+ PCGS grade

Fossil Creek Collection - Stack's/Bowers 4/2016:13071, $10,575

MS65+ PCGS grade #4 MS65+ PCGS grade

Dr. Charles Link Collection