The Peace Dollar was originally designed in 1921 by mint engraver Anthony D. Francisci. The design was a result of a competition held by the Commission of Fine Arts and was intended to replace the famous Morgan Silver Dollar. Moreover, it was issued after the world war to symbolize peace and prosperity. The obverse of each Peace Dollar featured a stunning lady liberty with a crown on her head. The reverse of the coin featured a fierce looking eagle standing in the wind.
The 1923 Peace Dollar was one of the more commonly produced in the series. A total of 30,800,000 coins were produced. Although the preceding year 1922 Peace Dollar was over 50,000,000 coins, the 1923 still is considered today to be a more common date in the series. This being said, the value of the two are roughly the same in brilliant uncirculated condition. A collector can currently find a 1923 Peace Dollar in stunning brilliant uncirculated condition for less than $50. However, higher grade specimens will be much more expensive.
An interesting fact about the Peace Dollar is that it is the last Silver Dollar to be made in 90% silver. Specifically, every Peace Dollar in the series from start in 1921 to finish in 1935 was composed of 90% silver and 10% copper. Collectors often buy Peace Silver Dollars Rolls if they are looking to collect them for the silver content, albums if they are just looking to have a complete date set, or certified by PCGS or NGC if they are looking to put together a higher end collection.
