1923 Peace Dollar
Peace Dollar Overview
The Peace Silver Dollar has had recent increased demand from collectors and silver investors alike. It is an interesting coin that was made to help memorialize the end of World War I.
Designed by Anthony de Francisci, a 34-year-old sculptor, the Peace Dollar was meant to showcase Lady Liberty as well as commemorate the end of World War I. Francisci used his wife’s profile as well as her recollections of seeing the statue of Liberty to help create the bust of Lady Liberty.
The obverse of the Peace Dollar features the radiant crowned bust of Lady Liberty facing left with the motto “LIBERTY” above and the date directly below. Also found on the obverse on each side of the bust are the words “IN GOD WE TRUST.”
Additional Info: The 1923 (s) Peace dollars (minted in San Francisco) are the most valuable of the 1923 silver dollars. Even in poor condition the melt value is spot times.7735 oz. These and the Morgan Silver dollars are 90% silver. The years after 1923 saw a great reduction in the amount of Peace Dollars that were produced, making the 1923 Peace Dollar relatively common compared to other years in the series. Like all other Peace Dollars minted, the 1923 Peace Dollar features a 31.8mm diameter and weighs 26.73 grams. 1923 Peace Dollars are composed of 90% silver and 10% copper, making them a great coin for silver investors.
On the reverse of the coin, an eagle perched on a branch with the words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are centered at the top of the coin.
The denomination “ONE DOLLAR” is found running through the center of the reverse and the word “PEACE” can be found below the perched eagle. The sun’s rays can be found on the bottom right of the reverse, signifying an unseen sun beginning to rise over the land.
1923 Peace Dollar Error
Minting of the Peace Dollar started in late 1921 and continued until 1928 when the mint ceased production. The Peace Dollar was minted again in 1934 and 1935, but was then officially discontinued. Although short-lived, the Peace Dollar was a coin that was minted in great quantities and was quickly embraced by the general public.
History of the 1923 Peace Dollar
Peace Dollars were most aggressively produced by the United States mint in the years 1922 and 1923 as a way to help meet consumer demand. In 1923, the Mint at Philadelphia produced 30,800,000 examples of the 1923 Peace Dollar. This was the second-highest amount produced in the Peace Dollar series.
The years after 1923 saw a great reduction in the amount of Peace Dollars that were produced, making the 1923 Peace Dollar relatively common compared to other years in the series.
Like all other Peace Dollars minted, the 1923 Peace Dollar features a 31.8mm diameter and weighs 26.73 grams. 1923 Peace Dollars are composed of 90% silver and 10% copper, making them a great coin for silver investors.
1923 Peace Dollar VAM Varieties
Similar to Morgan Dollars, Peace Dollars also have some interesting varieties that occurred during the minting process. These “varieties” are referred to as VAMs by collectors and can make your Peace Dollar worth much more!
The 1923 Peace Dollar does have some known VAMs that you should look for. Here are some of the most sought after VAMs for the 1923 Peace Dollar:
VAM-1E: Die break across the eagle’s left wing. Raised metal can easily be seen, even at a distance.
VAM-2: Doubling of the rays in Liberty’s tiara and the word “TRUST.” Doubling appears as notching of the rays.
VAM-3: The sun’s rays at the lower right of the reverse are doubled and show notching similar to the VAM-2.
These varieties are extremely rare and are not commonly found on many 1923 Peace Dollars. If you think you have found one of these varieties, take the coin to an experienced coin dealer for a second opinion or consider sending it to a third party grader for a professional opinion.
1923 Peace Dollar In God We Trvst
1923 Peace Dollar Value
1923 Peace Dollar
Unlike many other coins, the 1923 Peace Dollar has two similar but different markets. Because of its silver content, many silver investors look to the 1923 Peace Dollar as an investment in silver.
Coin collectors also seek out the 1923 Peace Dollar due to its numismatic value.
These two competing markets are good news for anyone who owns a 1923 Peace Dollar!
Since there was a huge amount of 1923 Peace Dollars minted, most peace dollars in average or worse condition are worth their weight in silver. This means that the coin’s value will be directly related to the current price of silver.
1923 Peace Dollar Misprint
Go to www.coinflation.com to check the current price of your average grade 1923 Peace Dollar.
1923 Peace Dollars that are in About Uncirculated condition or greater are worth more to coin collectors due to their condition. In Uncirculated condition, 1923 Peace Dollars are worth about $35.
MS-65 1923 Peace Dollars bring an average of $150 when graded by third party grading companies like PCGS.
The price of 1923 Peace Dollars that have been found to be a known VAM depends on the severity of the variety and collector demand.
For example, the 1923 Peace Dollar VAM-2 is worth $50 in average condition but can be as much as $120 in Uncirculated condition.