The 1923 Peace Silver Dollar is a stunning and highly collectible coin loved for its design, rich history, and unique errors. Produced during two distinct periods, these coins symbolize the return to peace following World War I. Let’s delve into their value, history, and fascinating details.
Understanding the 1923 Peace Silver Dollar Value
The value of a 1923 Peace Silver Dollar depends on several factors, including mint location, condition, and rarity. Here’s an overview:
| Condition | 1923 No Mint Mark (Philadelphia) | 1923 D (Denver) | 1923 S (San Francisco) |
| Good | $36 | $36 | $36 |
| Very Good | $36 | $39 | $36 |
| Fine | $36 | $39 | $36 |
| Very Fine | $36 | $40 | $36 |
| Extra Fine | $36 | $44 | $40 |
| About Uncirculated (AU) | $42 | $48 | $42 |
| Mint State 60 | $52 | $120 | $60 |
| Mint State 65 | $185 | $1,200 | $3,000 |
A Brief History of the 1923 Peace Silver Dollar
The Peace Silver Dollar was first introduced in 1921 to commemorate the end of World War I. Designed by Anthony de Francisci, the coin represents hope and peace. It was minted until 1928, resumed in 1934 and 1935, and revived again in 2021.
Why Was It Named the “Peace” Dollar?
The coin’s name reflects its symbolism—celebrating the restoration of peace after a devastating war. Its designs emphasize optimism and unity.
Types of 1923 Peace Silver Dollars
The 1923 Peace Silver Dollar was minted in three locations:
| Mint Location | Mint Mark | Total Produced |
| Philadelphia | No Mint Mark | 30,800,000 |
| San Francisco | 1923 S Silver Dollar | 19,020,000 |
| Denver | 1923 D Silver Dollar | 6,811,000 |
| Total – | / | 56,631,000 |
Design Features of the 1923 Peace Silver Dollar
Obverse (Front) Design
The obverse features Miss Liberty wearing a radiant crown, with the word “LIBERTY” above her. The phrase “IN GOD WE TRVST” is etched on either side of her neck, showcasing the Roman-style “V” for “U” in “TRUST.” The year 1923 is displayed at the base.
- Fun Fact: De Francisci used his wife, Teresa, as the inspiration for Liberty’s profile.
Reverse (Back) Design
The reverse displays a majestic bald eagle perched on a mountain, clutching an olive branch—a universal symbol of peace. The word “PEACE” is inscribed at the bottom rim, while “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are written above.
Key Specifications of the 1923 Peace Silver Dollar
Specification:
Face Value: $1
Composition: 90% Silver, 10% Copper
Weight: 0.85939 troy ounces (26.73 g)
Silver Weight: 0.77344 troy ounces (24.06 g)
Diameter: 1.50 inches (38.1 mm)
Thickness: 0.09449 inches (2.4 mm)
Edge: Reeded
Grading the 1923 Peace Silver Dollar
Coins are graded on the Sheldon Scale, which ranges from Poor (P-1) to Perfect Mint State (MS-70). Here’s a breakdown:
Grade Condition
Poor (P-1): Barely identifiable; heavy wear
Good (G-4): Major details are visible; extensive wear
Very Fine (VF): Moderate wear with key details intact
Mint State (MS): Sharp details; no wear; graded from MS-60 to MS-70 based on luster and marks
1923 Peace Silver Dollar Value by Grade
1923 Peace Silver Dollar Value Guides
There were 56,631,000 Peace silver dollars struck this year, all from the regular strike because the US Mint didn’t mint proofs in 1923. These beautiful coins were made by three mints, but most of them were produced by the Philadelphia Mint.
1923 No Mint mark Peace silver dollar Value
1923 No Mint Mark (Philadelphia)
- Good to AU Grades: $36 to $50
- MS 60: $52
- MS 65: $185
- MS 66: $500
- MS 67: Up to $5,250
1923 D (Denver)
- Good to AU Grades: $36 to $48
- MS 60: $120
- MS 65: $1,200
- MS 67: $120,000 (Auction Record)
1923 S (San Francisco)
- Good to AU Grades: $36 to $54
- MS 60: $60
- MS 65: $3,000
- MS 66: $70,000
Common Errors Found in the 1923 Peace Silver Dollar
Double Die Error
This occurs when the die shifts slightly, creating a doubled image on the coin. Areas such as Liberty’s crown or the eagle’s feathers may appear doubled.
- Value: $100 to $1,300
Die Adjustment Strike
The peace silver dollar struck with insufficient pressure lacks sharp details on the following planchet.
- Value: $2,000 to $3,000
Planchet Lamination
Cracks in the coin’s metal surface create a flaking effect.
- Value: About $100
Liberty’s Whisker
Die cracks on Miss Liberty’s cheek or jaw resemble a whisker.
- Value: $90 to $2,000
Broken Wing
Cracks on the eagle’s wings caused by worn dies.
- Value: $300 to $1,000
Extra Hair Strands
Additional hair strands appear in Liberty’s design.
- Value: $100 to $400
Tail on “O” in DOLLAR
A distinct tail-like mark on the “O” in the word “DOLLAR.”
- Value: $150 to $1,500
Rotated Reverse
A misaligned reverse design often rotates 75 degrees.
- Value: $300 to $750
Bottom Line:
The 1923 Peace silver dollars are not very rare because they are easily accessible. However, errors may be rare, which makes them valuable and sought after in today’s market. In valuable condition, 1923 Peace silver dollars without the mint mark is worth between $32 and $50. You should spend between $52 and $500 to buy one, however, as those in mint condition are more expensive. The most expensive examples include those with the MS 67 grade, which is around $5,250.