The 1923 Philadelphia issue is has a mintage of 35, 715,000 pieces, and this would seem to suggest this is a relatively common coin. In the general sense it is fairly common in circulated grades, but in uncirculated grades and particularly Gem grades it is quite scarce. Fewer than 50 have been graded by either PCGS or NGC in MS67 or higher. Most examples show sharp strike and good color, which is typical for Philadelphia-minted specimens from this period.