1923 Peace Silver Dollar
Circulation strike struck at the Philadelphia Mint · 30,800,000 made
- Mintage
- 30,800,000
- Metal
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1923 Peace Silver Dollar worth?
In worn condition it trades for about its silver content, 0.7735 troy ounces. Uncirculated coins with full luster or attractive toning sell for more.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1923 Peace Silver Dollar rare?
- No. With 31 million made, it's one of the most common Peace Silver Dollars.
- Is the 1923 Peace Silver Dollar silver?
- Yes. It's 90% silver, 10% copper and holds 0.7735 troy ounces of pure silver.
- Where is the mint mark on a 1923 Peace Silver Dollar?
- On the reverse, below the word ONE, near the tip of the eagle's wing. Philadelphia coins have no mint mark.
- Which Philadelphia dates near 1923 are scarcer?
- The 1928 at 360,649, the 1927 at 848,000, the 1921 at 1,006,473, plus 3 more. So the 1923 is one of the easier dates of its stretch.
- How many 1923 Peace Silver Dollar coins were made?
- 30,800,000.
What to check on your 1923
- There's no mint mark on this one, so the date and condition are what matter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Judge the grade under good light. Wear appears first on the hair above Liberty's ear and on the eagle's wing feathers.
Circulated examples are usually traded for their silver content. Pick out the best ones: original luster and attractive toning lift a coin above melt, while cleaned coins lose most of their collector value.
The story of the 1923
Output at Philadelphia slipped to 30,800,000 in 1923, from 52 million the year before. In 1924 the figure was 12 million.
1923-D came to 6.8 million and 1923-S came to 19 million, so neither mint's 1923 coin is much scarcer than the other.
Across Philadelphia's 10 Peace Silver Dollar issues, the hardest to find is the 1928 with 360,649 made. The 1923 is one of the easier ones. Within the 1920s it's 18th smallest of 19, between the 1923-S (19 million) and the 1922 (52 million).
More on the 1923
Philadelphia's 30,800,000 Peace dollars of 1923 make this the second most common date in the series after 1922. It also outnumbered the 1923-S (19,020,000) and the 1923-D (6,811,000) put together. Philadelphia's output would never come close to this again; by 1924 it was down to 11,811,000. Philadelphia's total alone was more than four times Denver's figure for the year.
So many were struck and so many went straight into storage that the 1923 is one of the easiest Peace dollars to find in uncirculated condition. That's why it's a favorite type coin for anyone who wants one nice example of Anthony de Francisci's design without paying for a scarce date. Philadelphia coins of this year are usually well struck, with good detail in Liberty's hair and on the eagle. A worn 1923 is valued mostly for its silver, so expect metal value plus a small premium. Bright uncirculated coins carry a modest collector premium, which climbs only at the very top grades.
Pittman Act coinage winds down (1923 to 1928)
Peace dollars continued in large numbers to replace the coins melted under the Pittman Act, with Philadelphia striking 30.8 million in 1923. Output fell after that year. San Francisco's 1924-S and 1925-S, each under two million, are scarce in high grades. Denver made no dollars in 1924 or 1925.
The 1927 issues from all three mints are relatively scarce. The 1928 from Philadelphia, with only 360,649 struck, is the lowest mintage of the series and is often confused with the more common 1928-S. Pittman purchases were complete in 1928 and coinage stopped. San Francisco dollars of these years are often softly struck. Many survivors show heavy bag marks from storage in Treasury vaults. Bags of Peace dollars also emerged in the Treasury releases of the early 1960s.
How to recognize it
Anthony de Francisci's Liberty faces left wearing a crown of light rays, with LIBERTY above and the date below. The reverse shows an eagle at rest on a mountaintop, holding an olive branch, as the sun rises behind it, with the word PEACE on the rock. The mint mark is below the word ONE, near the tip of the eagle's wing.
Mintage chart
Specifications
| Series | Peace Silver Dollar (1921–present) |
|---|---|
| Year | 1923 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 30,800,000 |
| Face value | $1 |
| Composition | 90% silver, 10% copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Silver content | 0.7735 troy oz (24.057 g) |
| Designer | Anthony de Francisci |
Other 1923 Peace Silver Dollar issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1923 Peace Silver Dollar | 30,800,000 | Circulation strike | 0.7735 oz |
| 1923-D Peace Silver Dollar | 6,811,000 | Circulation strike | 0.7735 oz |
| 1923-S Peace Silver Dollar | 19,020,000 | Circulation strike | 0.7735 oz |
Mintage: Peace dollar (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.