United States of America – Monroe Doctrine Centennial 1923 S Silver Half Dollar 30.6mm (12.55 grams) 0.900 Silver (0.3617 oz. ASW) San Francisco Mint Reference: KM# 153 (1923) | Designer: John R. Sinnock, Chester Beach UNITED STATES OF AMERICA IN GOD WE TRUST 1923 S MONROE~ADAMS HALF DOLLAR, Portraits of James Monroe and John Quincy Adams, who were both instrumental in formulating the Doctrine. MONROE DOCTRINE CENTENNIAL 1823 1923 LOS ANGELES, Two female forms in shapes resembling North and South America. This image is said to have copied from a design created by Ralph Beck in 1899 Pan-American Exposition.
Coin Notes: The 1923 Monroe Doctrine Centennial Half Dollar was promoted by the California film industry with the First Annual Historical Revue and Motion Picture Film Industry Exposition. The topic of the coin was the 100th anniversary of the Monroe Doctrine, which stated that efforts of European countries to interfere or establish new colonies in the west would be acts of aggression. The Doctrine had a long-standing impact on U.S. foreign policy. The official logo of the 1901 Pan-American Exposition appears on the reverse. The Monroe Doctrine Centennial Half Dollars were sold by the Los Angeles Clearing House and initially sold for $1 each. A vast number of the coins were introduced into circulation at face value later in time. Nearly all examples of this issue will have shallow strikes and characteristically unattractive surfaces. Higher grade mint state examples with an attractive appearance are incredibly elusive.
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The Monroe Doctrine was a United States policy that opposed European colonialism in the Americas. It argued that any intervention in the politics of the Americas by foreign powers was a potentially hostile act against the United States. It began in 1823; however, the term “Monroe Doctrine” itself was not coined until 1850.
The Monroe Doctrine was issued on December 2, 1823, at a time when nearly all Latin American colonies of Spain had achieved, or were at the point of gaining, independence from the Spanish Empires. It stated that further efforts by various European states to take control of any independent state in the Americas would be viewed as “the manifestation of an unfriendly disposition toward the United States.” At the same time, the doctrine noted that the U.S. would recognize and not interfere with existing European colonies nor meddle in the internal affairs of European countries.
President James Monroe first stated the doctrine during his seventh annual State of the Union Address to the Congress. The doctrine asserted that the New World and the Old World were to remain distinctly separate spheres of influence. The separation intended to avoid situations that could make the New World a battleground for the Old World powers so that the U.S. could exert its influence undisturbed. By the end of the 19th century, Monroe’s declaration was seen as a defining moment in the foreign policy of the United States and one of its longest-standing tenets. The intent and impact of the doctrine persisted more than a century, with only small variations, and would be invoked by many U.S. statesmen and several U.S. presidents, including Ulysses S. Grant, Theodore Roosevelt, John F. Kennedy, and Ronald Reagan.
After 1898, the Monroe Doctrine was reinterpreted in terms of multilateralism and non-intervention by Latin American lawyers and intellectuals. In 1933, under President Franklin D. Roosevelt, the U.S. went along with this new reinterpretation, especially in terms of the Organization of American States.
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