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1923-D $1 Peace Dollar

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$39.75

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The coin features the iconic Peace design and has a year of 1923.

About this product

Product Information

Ron Guth
The 1923-D Peace Dollar has the second highest mintage of all the Peace Dollars made at the Denver mint. Like the 1922-D, the 1923-D sometimes comes weakly struck in the centers, but it is possible to find fully struck examples with a little bit of luck and effort. Most of the examples certified by PCGS are fairly equally distributed between the MS63 and MS64 grades, mostly because of strike and mark issues. MS65 examples are fairly scarce, though not rare. In MS66, the population drops off dramatically. PCGS has not graded any 1923-D Peace Dollars in MS67. Luster ranges from frosty white to chrome-like. Many 1923-D Peace Dollars show spidery die cracks on both sides.
Q. David Bowers
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).

Coinage Context

When minted, the 1923-D dollars were not needed in the channels of commerce. Most were sent to storage vaults.

Numismatic Information

The first Peace dollar rarity: In an article in The Numismatist, July 1925, collector E.S. Thresher stated' that in June 1919 he embarked on a search to find each and every date of coin variety believed to be available in circulation. In the Peace dollar series, still a relatively new series when he wrote his letter in 1925, he had located every issue from 1921 through 1925 except for 1923-D, 1925-D, and 1925-S, the first being non-existent and the second not having been released yet. From this it is apparent that the 1923-D was rare in its own time, and may not have been released in 1923 or 1924, through early 1925 (for the article to have appeared in the July 1925 issue, it was probably received in April or May).

In due time, the 1923-D became the first coin to be considered a rarity in the Peace dollar series. Today, this makes curious reading, as 1923-D is not even remotely in the same context now. By 1938, the elusive nature of the 1923-D in Uncirculated grade was recognized, and in that year specimens sold for $12.50 to $20. As a point of contrast, a comparable 1934-S cost less than $1.50. However, fame was fleeting for the 1923-D, and in late autumn 1938 the Treasury turned a number of bags loose. Within a month or two the price plummeted to the $2 range or even less.

Hoard coins: Many bags were paid out by the Treasury Department from the late 1930s through at least the 1950s, after which time the government stock of mint-sealed bags of this issue was largely depleted.

Circulated grades: The 1923-D is among the commonest mintmarked Peace dollars in VF-20 to AU-58 grades. In EF and AU condition it is very plentiful, probably the result of bags having been released into circulation in the 1940s.

Mint State grades: The 1923-D is plentiful in Mint State. Most are in lower ranges such as MS-60 through 62, at which level probably several tens of thousands exist. In MS-63 grade, I believe that 5,000 to 10,000 exist, and in MS-64, 2,500 to 5,000. In comparison to the number of collectors desiring Peace dollars for their collections, these numbers are small. At the MS-65 level, probably fewer than 1,000 survive.

Most Mint State 1923-D dollars seen on the market today are well struck and lustrous on the obverse. The reverse is often lightly struck at the center, due to the dies being spaced too far apart. Some are weakly struck on the rims and at the date. The situation of careless minting was endemic at the Denver Mint in the mid-1920s, and Buffalo nickels and Lincoln cents of the era were often poorly struck as well.

As most Mint State dollars were shuffled hither and yon in storage vaults for years before being released, the typical 1923-D dollar is apt to show bagmarks, sometimes severe

Product Identifiers

Designer
Anthony DE Francisci
eBay Product ID (ePID)
170449810

Product Key Features

Strike Type
Business
Mint Location
Denver, Colorado, Denver
Composition
90% Silver, 10% Copper
Year
1923

Dimensions

Weight
26.73g

Additional Product Features

Mintage
6811
EDGE
Reeded
Mint
Denver
Denomination
$1
PCGS Number
7361
Diameter
38.1mm
Mint Mark
D

All listings for this product

item 1 1923-D $1 90% Silver Peace Dollar Extra Fine/Almost Uncirculated (XF/AU) Details
$37.50
+$3.99 shipping
item 2 1923-D $1 Peace Dollar VF/XF
$39.75
+$3.95 shipping
item 3 1923-D Peace Silver Dollar -Check the High Quality Scans #B064
$45.08
+$4.90 shipping
item 4 1923-D Peace Silver Dollar - Check the High Quality Scans #C425
$46.08
+$4.90 shipping
item 5 1923-D Peace Silver Dollar - Check the High Quality Scans #C424
$54.16
+$4.90 shipping
item 6 1923-D $1 Peace Dollar AU K17215
$60.00
+$3.50 shipping
item 7 1923-D $1 Peace Dollar AU/BU
$59.95
+$5.00 shipping

See all 25

4.8

4.8 out of 5 stars based on 44 product ratings

44 product ratings

36 users rated this 5 out of 5 stars
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Would recommend

Good value

Good quality

Most relevant reviews

See all 21 reviews

5 out of 5 stars
by 479bige1966Sep 07, 2017
Peace Silver Dollars
Silver is definitely the best way to collect silver. Silver coins or bullion is not considered a investment but a accumulation wealth. Start out small and over a period of years you will have a liquid access to cash on demand. Just ride the wave of fluctuations in price and stack up. You might not get rich but you won't go broke. Also it's nice to give a few coins to some yutes and start another generation of stackers .
Verified purchase: Yes
5 out of 5 stars
by crai.dougMay 01, 2016
With cost of silver going up, this is a good deal.
Very economical selection for the future. investing in silver now will pay huge dividends in the market where the commodity reflects growth.
Verified purchase: Yes
5 out of 5 stars
by wayne2551Dec 08, 2015
1923 d Peace Dollar
Anybody loves silver dollar will appreciate the quality if this coin
Verified purchase: Yes
5 out of 5 stars
by whagan20021Jul 21, 2016
Silver Bar
An excellent presentation to leave out for all to see and ask questions about.
Verified purchase: Yes
5 out of 5 stars
by logger843Oct 20, 2017
On todays market this is a very nice good example of a great deal
Verified purchase: Yes

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Picture 1 of 2

1923-D $1 Peace Dollar

About this product

Product Information

Ron Guth

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 1923-D $1 90% Silver Peace Dollar Extra Fine/Almost Uncirculated (XF/AU) Details

item 2 1923-D $1 Peace Dollar VF/XF

item 3 1923-D Peace Silver Dollar -Check the High Quality Scans #B064

item 4 1923-D Peace Silver Dollar - Check the High Quality Scans #C425

item 5 1923-D Peace Silver Dollar - Check the High Quality Scans #C424

item 6 1923-D $1 Peace Dollar AU K17215

item 7 1923-D $1 Peace Dollar AU/BU

Ratings and Reviews

Most relevant reviews

Peace Silver Dollars

With cost of silver going up, this is a good deal.

1923 d Peace Dollar

Silver Bar

On todays market this is a very nice good example of a great deal

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