1923-D Peace Dollar

Due to a large amount of 1922-D Peace dollars already in circulation, most of the 1923-D Peace silver dollars were put into storage vaults for years. Today, they are in abundance in a range of grades between MS-60 to MS-65.

The Denver Mint in the 1920s is known for poorly struck and careless minting. This resulted in many of the 1923-D Peace silver dollars being lightly struck on the reverse. The dates and rims are often poorly struck, but the obverse side can be found well struck. This makes these coins vastly different throughout collections.

 

History of the 1923-D Peace Dollar

After the 1922-D, the Denver Mint’s second-highest mintage was the 1923-D Peace silver dollar. However, for many years it was considered rare due to the lack of these in circulation. It is believed these Peace silver dollars were not used until at least after 1925. In 1938, the 1923-D Peace dollar was so hard to find that many were sold for anything between 12-20 dollars. However, in late 1938 the treasury released a vast amount of the bags which greatly reduced the value of this Peace silver dollar. To the dismay of early investors, the Peace dollar value had plummeted to as little as 2 dollars or less by 1939. The treasury department continued to pay out 1923-D Peace silver dollars into the 1950s, making it an interesting history for this unusual coin.

 

1923-D Peace silver dollar value

This Peace silver dollar value can vary massively from grade-to-grade due to such a large amount in existence. The value can range from $350 for a 64 grade to upwards of $120,000 for a Grade 67. These higher grades are incredibly rare and would make a great addition to any collection.

 

Type of coin: Silver Dollar

Year: 1923-D Peace Dollar

Mint Mark: Denver

Total mintage: 6,811,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 26.73 grams

Edge: Reeded

Designer: Anthony de Francisci

Diameter: 38.10 millimeters