Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $13, while one in certified mint state (MS+) condition could bring as much as $13,750 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1923, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: The San Francisco mint was the only mint to issue 1923 Walking Liberty Half Dollars. The D an P minted ones are counterfeit. No walking liberty half dollars would be issued in 1924,1925, or 1926.
Numismatic vs Intrinsic Value: This coin in poor condition is still worth $7.57 more than the intrinsic value from silver content of $5.43, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Current silver melt value* for a 1923 S is $5.43 and this price is based off the current silver spot price of $15.00 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
**When we say that 2,178,000, of these coins were produced or minted in 1923 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.