| Number: | 11 |
| Type: | Grey Cup |
| Date: | December 1, 1923 |
| Stadium: | Varsity Stadium |
| City: | Toronto |
| Visitor Name: | Regina Rugby Club |
| Home Name: | Queen's University |
| Visitor Colour: | Regina Rugby Club |
| Home Colour: | Queen's University |
| Visitor Coach: | Jack Eadie |
| Home Coach: | Billy Hughes |
| Visitor Record: | 3–1 |
| Home Record: | 4–0 |
| Visitor1: | 0 |
| Visitor2: | 0 |
| Visitor3: | 0 |
| Visitor4: | 0 |
| Home1: | 7 |
| Home2: | 13 |
| Home3: | 23 |
| Home4: | 11 |
| Attendance: | 8,629 |
The 11th Grey Cup was played on December 1, 1923, before 8,629 fans at Varsity Stadium in Toronto.
Queen's University shut out the Regina Rugby Club 54–0, the biggest Grey Cup victory margin ever achieved.