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1923 Silver Dollar

The 1923 silver dollar was part of the Silver Peace Dollar series minted from 1921 to 1935, with the exception of the years between 1929 and 1933. At first, they were going to be issued as commemorative coins because of the end of World War I, but were produced as circulating coins. This article will go over the design and value of the 1923 silver dollar.

1923 Silver Dollar

About the 1923 Silver Dollar

The minting of the Peace Dollars was from 1921 to 1928 and from 1934 to 1935. In 1928, the production of the Peace Dollars stopped because public demand was low. It resumed in 1934 for a short time because there was a need for more backing for the Silver Certificates.

Anthony de Francisci was the designer of the Peace Silver Dollars. He used his wife as the model for Lady Liberty on the front. Since he used an Art Deco font, the phrase IN GOD WE TRVST had the Latin U that looks like a V. The word LIBERTY was inscribed at the top around the edge. The back of the coin had rays of the sun behind an image of an eagle that was holding a broken sword. At the top were the words UNITED STATES OF AMERICA and underneath those were the words E PLURIBUS UNUM. Also on the back are the words ONE DOLLAR and at the bottom is the word PEACE. Many people thought that the sword symbolized defeat instead of peace, so the Chief Engraver changed the design for the Mint. The broken sword became an olive branch instead.

The three US Mints that made Peace Dollars were Philadelphia, Denver, and San Francisco. The mint marks, which represent the US Mint that made the coin, are below the ONE on the reverse. The mint mark for Denver is a D and the mint mark for San Francisco is as S. Philadelphia puts no mint mark as it was the original US Mint.

Coin Value

Before looking at the value of a 1923 silver dollar, it is useful to go over the terms used to describe coins and the way they are made. When a coin is made, a blank (planchet) of metal alloy has to be stamped to make the impressions. The engraved stamp that makes the impression is called a die. If the die strikes the coin twice, that is called doubling. The front, or heads, side of a coin is the obverse and the back, or tails side, is the reverse.

A coin can be valuable for several reasons. If there were not very many of them, then it would be considered rare. It does not have to be really old to be rare, because sometimes a US Mint does not make very many coins in a particular year. If there is an error on the coin, either from doubling or the die has a flaw, then that can add value to a coin. A big determiner of a coin’s value is the condition. The Sheldon Grading scale for coins ranges from Poor-1 to MS-70, with Poor-1 being a coin with almost al the detail worn off and no luster, and MS-70 being a mint state, perfect coin that was un-circulated.

Here is a list showing the range of values for the 1923 dollars.

  • 1923 = $14.00 - $200.00
  • 1923 D = $16.00 - $1200.00
  • 1923 S = $14.00 - $4100.00

Here is a list of the most valuable Peace Dollars:

  • 1924 S = $28.00 - $8000.00
  • 1925 S = $20.00 - $9000.00
  • 1927 S = $26.00 - $10,000.00
  • 1928 = $280.00 - $5000.00
  • 1928 S = $30.00 - $8000.00
  • 1934 S = $30.00 - $5800.00

All the Peace Dollars are 90 percent silver so they have value from their silver content. If you have a 1923 dollar, the melt value of it and other Peace Dollars is $19.1428, as of October 29, 2010.