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Product Information
<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).<br/><br/>Coinage Context<br/><br/>The 1923 Peace dollar mintage is the second largest in the series, after the record-breaking 1922. There was no need for more Peace dollars in circulation, for dollars were not popular in commerce in the East; thus, most went into storage. <br/>Numismatic Information<br/><br/>Once rare: Apparently, relatively few 1923 Peace dollars were released within a few years of striking. However, the issue was not considered to be rare. By the 1930s, the 1923 Peace dollar was believed to be a common date, and little attention was paid to it. <br/>On the numismatic market of the early 1940s it was slightly on the rare side and was often absent from dealer offerings. In 1945 at the sale of the Frederick C.C. Boyd Collection (billed as "The World's Greatest Collection" by the auctioneer, the Numismatic Gallery) an Uncirculated 1923 crossed the block at $9, outranking in price all other Peace dollars. This was twice the price of $4.50 registered by the 1934-S. At the time the 1925 Peace dollar, also later to become extremely common, fetched $6, the second highest price for a coin of this design type. <br/><br/>Quantities were distributed through Eastern banks a couple of years later, and by mid-1947 the 1923 Peace dollar had fallen from its height and was solidly ensconced in the common date category. An Uncirculated piece fetched only $2.75 in B. Max Mehl's mail bid sale of the Will W. Neil Collection, an event which saw a 1934-S soar to $13.50. If there was one constant in the Peace dollar market in the 1940s, that constant was change: many different varieties went from common to rare and back to common again, or from rare to common, or, in the instance of the 1934-S, from common to rare and stayed there. The market did not stand still. <br/>Bags of 1923 dollars were readily available from November 1945 (when dozens of bags were turned loose through Chicago banks) through at least the late 1950s. These piled up in Eastern and Midwestern bank vaults and were ignored by just about everyone, including dealer specialists in dollars. <br/><br/>Hoard coins: Bags of 1923 Peace dollars descended upon the channels of commerce in the mid-1940s. Bags remained common in bank holdings until the early 1960s and were paid out by the Treasury until the early months of 1964. After that, they remained common in the hands of investors (in particular) and dealers. <br/><br/>In all grades from well-worn to high-grade Mint State, the 1923 may account for 5% to 10% of the silver dollars in existence today, Wayne Miller suggested in his 1982 text on the subject. <br/><br/>Circulated grades: The 1923 Peace dollar is extremely common in VF-20 to AU-58 grades, and with the 1922, 1924, and 1925, is one of the most plentiful of all Philadelphia Mint Peace issues. <br/><br/>Mint State grades: The 1923 Peace dollar is very plentiful in Mint State, in all grades from MS-60 through MS-65 or even higher. In fact, it may well be the commonest of all Uncirculated Peace dollars. <br/><br/>Many 1923 Peace dollars, like those dated 1922 and like certain other coins of the era, are often seen with milky-white spots that are virtually impossible to remove. These are believed to be the residue from dilute sulfuric acid at the Mint. Some coins have yellowish stains, particularly around the rims. <br/><br/>The typical 1923 Peace dollar is well struck and has nice, frosty mint lustre. One does not have to cherrypick to find an aesthetically pleasing specimen of this date. For this reason, it is a good "starter coin" for a collection. Moreover, the 1923 is one of the least expensive dates. <br/><br/>Many coins are bagmarked and/or stained, but enough others exist, that such impaired pieces can be ignoredProduct Identifiers
DesignerAnthony DE Francisci
eBay Product ID (ePID)170464527
Product Key Features
Strike TypeBusiness
Mint LocationPhiladelphia, Pennsylvania, Philadelphia
Composition90% Silver, 10% Copper
Year1923
Dimensions
Weight26.73g
Additional Product Features
Mintage38
MintPhiladelphia
Denomination$1
PCGS Number7360
Diameter38.1mm
Mint MarkP
EdgeReeded
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Ratings and reviews
Most relevant reviews
- 26 Jun, 2018
1923 Peace Dollar
What can you say about the beautiful Peace Dollar. The 1923 Peace Dollar or any year Peace Dollar for that matter should definitely be apart of your collection. They are a great coin for collecting and are the last silver dollar coin to contain 90% silver. Get yourself a piece of beautiful US coinage. You’ll be happy you did! Enjoy your coins!Verified purchase: Yes
- 05 Jul, 2017
Beautiful coin from years past
I think all Peace dollars are beautiful no matter what condition the coin is in.This Peace dollar is no exception. Just wondering what all this coin had bought over the years, the hands it's touched.There is almost an ounce of silver in each uncirculated Peace dollar. Hope to buy many more Thanks,Joe C.Verified purchase: Yes
- 15 Mar, 2016
PCGS top quality
You really can't go wrong buying certified PCGS labeled third party grading services. PCGS is one of the most trusted. Generally it's what I look for in a very high grade coin, and you can resell without question of it's authenticity.Verified purchase: Yes
- 12 Jul, 2017
Beautiful!
Love these coins, old or shiny! They are a true piece of American History. Makes me wonder how great life was back in the 20's.Verified purchase: Yes
- 02 Apr, 2018
1923 peace dollar-MS 64
Just delivered to my house I opened it and I was amazed at how beautiful she looks. Thank you. Very very reasonable price also!Verified purchase: Yes
- 15 Aug, 2018
1923 peace dollar
Not bad for what it's worth well constructed way too realistic great conversation pieceVerified purchase: Yes
- 14 Sep, 2016
Beholden to new holder!
The new PCGS coin holder is sleeker and accentuates the coins in a visually pleasing way! All the essentials are there on the coins in an easy-to-read-and-view manner! The transparency of the holder is excellent and affords a clear view of the qualities and features of the displayed coins! Photographing for sellers should be much easier and effective with these holders! A quality coin is readily apparent with these holders! The holder is less cluttered and streamlined! All in all a real winner!Verified purchase: Yes
- 27 Jun, 2018
Great NGC graded coin for a very good price
I am very happy with this coin. Great price for a NGC graded coin. Thanks so much.Verified purchase: Yes
- 08 Apr, 2025
I believe it is real, I haven’t ping tes...
I believe it is real, I haven’t ping tested it yet but I like the weight. The coins are nice and clean. I appreciate the coin holdersVerified purchase: Yes
- 13 Jun, 2018
It is rough looking. I do not like it at all.
I couldn't tell from the picture when I bought it but it is not very nice looking at all. It is an old coin I know. I just wish I could have better seen the condition of the coin.
Verified purchase: Yes
