The value of a 1923 Peace Silver Dollar depends on a number of factors, including its condition and mint mark. All 1923 Liberty dollars are worth at least their weight in silver. However, uncirculated coins can be worth anywhere from $40 to over $100,000.
In 1923, the American economy was booming. Unemployment was at an all-time low and wages were on the rise. This was due in part to the growing demand for labor in the expanding automobile industry. However, the stock market was also reaching new heights, and many people became caught up in the speculative fever. In September of that year, the market crashed, and the country plunged into a recession.
Are you curious about the value of a 1923 Peace Silver Dollar? Wonder no more! This blog post will provide you with a valuable price chart for this historical coin. Plus, we’ll give you some information about the coin. So pull up a chair and let us show you what we’ve got!
A Brief History of Peace Dollars
The Peace Dollar was minted from 1921 to 1928 and then again in 1934 and 1935. It was designed by Anthony de Francisci to commemorate the end of World War I and the signing of the Treaty of Versailles.
Anthony de Francisci is best known for his work as an engraver and medallist. Born in Italy in 1887, he moved to the United States as a young man and began his career working for the US Mint. He quickly gained a reputation for his skill and artistry, and went on to create some of the most iconic coins in American history, including the Mercury Dime and the Peace Dollar.
The obverse of the peace dollar features a profile of Liberty, while the reverse depicts an eagle perched on a mountain ledge with the word “Peace” below. More than a million Peace Dollars were struck each year during the 1920s, but production dwindled during the Great Depression.
In 2021, the U.S. Mint began producing Peace Dollars once again, using de Francisci’s original designs. The new coins are minted in collector-grade proof and uncirculated finishes, as well as a special anniversary edition with enhanced obverse and reverse designs.
1923 Peace Dollar Identification Guide
The 1923 Peace Dollar is a beautiful coin that has a unique history. The coin was minted in response to the United States’ involvement in World War I, and was intended to symbolize the country’s commitment to peace.
The coin is composed of 90% silver and 10% copper, and has a silver weight of .77344 oz. The total weight of the coin is 26.73 grams.
On the obverse of every peace silver dollar, you’ll find Lady Liberty as well as the words IN GOD WE TRVST, LIBERTY and the date (in this case 1923). The reverse features a bald eagle at rest clutching an olive branch, with the words PEACE, UNITED STATES OF AMERICA, E PLURIBUS UNUM and ONE DOLLAR.
Where is a Mint Mark on the 1923 Peace Silver Dollar?
If you’re a collector of vintage coins, then you know that mint marks can be a helpful guide in identifying a coin’s origins. But what exactly is a mint mark? A mint mark is a small letter or symbol that indicates which government mint produced a particular coin. For example, on a 1923 Peace Dollar, the mint mark, if present, can be found on the reverse side of the coin, below the word “ONE”.
Coins without a mint mark were produced at the Philadelphia mint. Those with a “D” were produced at the Denver mint, and those with an “S” were produced at the San Francisco mint. So, next time you’re studying your collection, take a close look for those all-important mint marks!
Are 1923 Peace Silver Dollars Rare?
A total of 84,690,000 were struck between the Philadelphia, San Francisco, and Denver Mints, with the vast majority being produced at the Philadelphia Mint. The Philadelphia Mint produced 30,800,000 coins and the San Francisco Mint produced 19,020,000. The Denver Mint produced 6,811,000 coins.
However, many of these coins were melted down during the great silver meltdowns of the 1960s and 1970s, and many more have been lost or damaged through wear. As a result, 1923 Peace Silver Dollars are relatively rare and highly sought after by collectors.
While a handful may turn up in circulation from time to time, most are now held in private collections or stored in vaults. Consequently, if you do come across a 1923 Peace Silver Dollar, it’s likely to be quite valuable.
1923 Peace Silver Dollar Value
Type |
MS 60 |
MS 63 |
MS 65 |
MS 67 |
1923 no mint mark |
$40 |
$60-62 |
$160-200 |
$4,500-55,000 |
1923 S |
$45 |
$90-120 |
$2,150-18,000 |
$110,000 |
1923 D |
$75 |
$185-200 |
$800-1,100 |
$120,000 |
1923 Peace Silver Dollar Price Chart
While the 1923 Peace silver dollar is not the most valuable coin in circulation today, it is still worth a significant amount of money. In circulated condition, this coin is worth at least its weight in silver. The silver melt value for this coin is $14.87 as of August 2022. However, the price of this coin goes up significantly depending on the condition and mint mark.
Due to its age and limited supply, the 1923 Peace Silver Dollar is valuable regardless of condition. In mint state 60, a 1923 Peace Silver Dollar no mint mark is worth around $40. However, in mint state 67, the same coin is worth an astonishing $4,500-55,000.
The 1923 Peace Silver Dollar with a S mint mark indicates that it was minted in San Francisco. The coin is worth around $45 in MS 60 grade, $2,150 to $18,000 in MS 65 grade, and a whooping $110,000 in MS 67 grade. As such, the coin is highly sought after by collectors and investors alike.
The 1923 Peace Silver Dollar with a D mint mark is the rarest of all 1923 dollars and as such it is the most valuable. The coin is worth around $75 in MS 60 grade, $800 to $1,100 in MS 65 grade, and over $120,000 in MS 67 grade. The Denver minting makes this coin especially desirable to collectors.
So if you come across a 1923 Peace Dollar, be sure to have it appraised by a professional before spending any money on it. Who knows, you might have a small fortune in your hands!
How to Find the Value of My 1923 Liberty Dollars?
Trying to figure out how much your 1923 Liberty silver coins are worth? The first step is to compare your coin to similar ones that were recently sold. Look for coins of the same denomination, condition, and date. Check both auction results and private sales to get an accurate idea of what your coin is worth. Once you have a general sense of the market value of your coin, you can begin to look for potential buyers.
- A circulated Denver 1923 Liberty silver dollar sold for $36.
- Uncirculated 1923 no mint mark silver dollar graded MS 64 by the NGC sold for $60.
- A similar coin graded MS 65 sold for $234,50, and one in MS 66 grade went for $395..
- A roll of 20 uncirculated 1923 S silver dollars sold for $808.
a little research, you should be able to get a pretty good idea of how much your 1923 Liberty silver coins are worth.
Factors That Influence the 1923 Peace Silver Dollar Value
As any experienced collector can attest, there is more to coin valuation than meets the eye. Sure, rarity and demand play a role in dictating a coin’s worth. But what about other factors?
Current Silver Bullion Value
The value of a 1923 Peace Silver Dollar is determined by the current silver bullion value. Bullion is a term used to describe a precious metal that is officially recognized by the government and valued by weight. The current silver bullion value for this coin is $14.87. This value can change depending on the current market conditions for silver. However, the 1923 Peace Silver Dollar will always be worth at least its silver bullion value.
Over the long term, the value of this coin is likely to increase as silver becomes more valuable. For this reason, investing in 1923 Peace Silver Dollars is a wise choice for those looking to invest in precious metals.
Condition
The value of a 1923 Peace Silver Dollar is largely determined by its condition. The Sheldon Grading Scale is the most widely used tool for assessing the condition of a coin, and it ranges from Poor (P-1) to Mint State (MS-70).
A coin in Poor condition will typically show a great deal of wear, while a coin in Mint State condition will appear as if it just left the mint. Of course, there are many gradations in between, and a coin’s final grade will take into account factors such as luster, strike, and eye appeal.
Here are some common grades:
- MS 60 – A coin that has not been circulated but has significant flaws, usually an excess of bagmarks, a weak strike, or low shine.
- MS 63 – A higher uncirculated grade uncirculated coin with fewer flaws than coins with lower uncirculated grades.
- MS 65 – Coin exhibits a beautiful high grade of strike and shine.
- MS 67 – A coin that has not even the slightest distracting markings or flaws.
So, if you’re looking to determine the value of your 1923 Peace Silver Dollar, be sure to have it graded by a professional.
Mint Mark
Mint marks are small letters that indicate which mint produced a coin. They can be found on the obverse or reverse of a coin, and their placement varies depending on the design. Mint marks were first used in the Roman Empire, and they were reintroduced in the United States in the 19th century. Today, mint marks are used to help collectors identify where a coin was made. They can also affect a coin’s value.
The most valuable 1923 Peace Silver Dollar is from the Denver Mint, followed by the San Francisco Mint. The Philadelphia Mint did not use mint marks on its coins, so it is the least valuable of the three. This is because the Denver and San Francisco Mints produced fewer coins than Philadelphia, making them more rare and collectible.
If you have a 1923 Peace Silver Dollar, take a look at the mint mark to see if you have a valuable coin. Even if your coin is from Philadelphia, it can still be worth quite a bit depending on its condition. So don’t underestimate your 1923 Peace Silver Dollar – it may be worth more than you think!
Errors
They say that mistakes are proof that you’re human. And when it comes to coins, errors can actually make a big difference in value. It all has to do with demand and supply. See, people love novelty items, and error coins are definitely unique. They’re also relatively rare, since most errors are caught before the coins enter circulation.
So when an error coin does end up in someone’s pocket, it becomes a highly sought-after item. Of course, not all errors are created equal. Some are much rarer than others, and as a result, they can be worth a lot of money.
1923 Liberty Silver Dollar Rare Varieties
When you think of a Liberty silver dollar, what comes to mind? For many collectors, the first thing that comes to mind is the common design that was minted from 1878-1921. However, there are several rare varieties from the 1923 issue that are quite intriguing. Let’s take a closer look!
1923 Silver Dollar Whisker Jaw Error
The 1923 Silver Dollar Whisker Jaw Error is a flaw that only exists on coins from the Philadelphia mint. The flaw occurs when the metal is not properly heat treated and cooled, causing the metal to deform. As a result, the jaw is misshapen and has a whisker-like appearance. The value of the coin depends on the severity of the flaw, with an MS63 issue worth about $110 and an MS65 grade worth up to $510.
1923 Silver Dollar Whisker Cheek Error
This error also occurs only on coins minted at the Philadelphia mint, and is caused by a flaw in the manufacturing process. The 1923 Silver Dollar Whisker Cheek Error is a highly coveted coin among collectors. As a result, the value of these coins can range from $275 to $2000.
1923 Double Reverse Silver Dollar
Again, the Philadelphia mint produced a small number of Double Reverse silver dollars. This error occurred when the die used to strike the coins was misaligned, causing the design to be struck twice. As a result, the coins have doubled elements on the reverse side.
While Double Reverse silver dollars are relatively common compared to other error coins, they are still highly prized by collectors. In MS63 condition, they are worth about $120, and in MS65 condition, they are worth about $310.
Die Crack
Die crack errors are one of the most common types of errors found on coins. They occur when a coin is struck with a cracked die, which causes a line to appear on the coin. Die cracks can be caused by a number of factors, including metal fatigue, excessive heat, and even dirt or debris in the die.
Die crack errors are relatively easy to spot, and they often command a premium from collectors. However, they can also be difficult to identify, as some cracks may not be visible to the naked eye. As such, it is always best to have your coins examined by a professional before making a purchase.
Is There a 1923 Liberty Silver Dollar Trust Misspelled Error?
Some people have noticed that the word “trust” is spelled as “Trvst” on the coin. Is this a mistake? No, it’s not a mistake. In Latin, both the letter U and V were regularly used interchangeably. As a result, the word “trust” could just as easily be spelled “trvst”.
Final Thoughts
Thanks for reading! We hope this article has helped you to understand the value of a 1923 Peace Silver Dollar. As we noted, the value of these coins depends on a number of factors, including condition and mint mark. All 1923 Liberty dollars are worth at least their weight in silver. However, uncirculated coins can be worth anywhere from $40 to over $100,000. So if you have one of these coins, be sure to have it appraised by a professional to get an accurate estimate of its value.
