1923 Peace Dollar

1923 Peace dollar

Due to the 1923 Peace dollar being fairly easy to find, it’s a staple coin for those just starting their collections. In fact, this Peace silver dollar is the second most common of its type and is said to make up around 5-10% of the Peace dollars that exist today. Many of these coins can be found with a strong strike and a metallic sheen whilst some may contain distinct milky white dots and yellow staining around the edges. This coloring has been attributed to the use of dilute sulfuric acid at the Philadelphia Mint and is impossible to remove.

History of the 1923 Peace dollar

The 1923 Peace silver dollar has a rich and surprising history. To many collectors it is known as one of the most common coins, however, this wasn’t always the case. As the 1922 Peace dollar was released in record numbers it meant that the 1923 Peace silver dollars were stored for years in vast amounts.

In 1945, an uncirculated coin was sold from a private collection for 9 dollars but banks released large amounts from their vaults the same year. By 1947 the uncirculated coin was found in such abundance it was now being bought by investors for as little as under 3 dollars. Huge amounts of the coins were released by the treasury and they remained in circulation up until 1964.