Silver Dollar Coin
The 1923 Peace dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
BeiQian Best Morgan Silver Dollars-(1804-1926) Coin Collecting-Silver Dollar USA Old Original Pre Morgan Dollar goodService 1921 3.8 out of 5 stars 819 $2.99 $ 2. Silver Half Dollars. In the Kennedy Half Dollar series, the 1964 of course is 90% silver. Halves dated 1965 through 1970 contain 40% silver. Halves dated 1971 or later are copper-nickel clad coins with the exception again of the special Bicentennial halves sold in the Mint Sets and Proof Sets with the “S” mint mark, which are 40% silver. The silver coin minted by the Spanish in the 1700s was worth eight “reals” of Spanish gold, and merchants would cut the dollar into eight pieces, known as “bits,” to make change. Congress officially adopted the Spanish milled dollar as the U.S. Unit of value in 1785, a decision codified in 1792 by the Coinage Act.
Specifications
Type: Peace Dollar
Year: 1923
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.06
The US minted the 1923 silver dollar with no mint mark and also the 1923 D silver dollar and 1923 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin, below the word 'ONE'.
| Series | Location | Quantity Minted |
|---|---|---|
| 1923 | Philadelphia | 30,800,000 |
| 1923 D | Denver | 6,811,000 |
| 1923 S | San Francisco | 19,020,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.06 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.23 per ounce.
The 1923 silver dollar with no mint mark is worth around $25 in very fine condition. In extremely fine condition the value is around $27. In uncirculated condition the price is around $30 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $100.
The 1923 D silver dollar is worth around $28 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $75 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $950.
Lastly the 1923 S silver dollar is worth around $28 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,850.
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Grading System
Very fine- Liberty's hair looks quite worn. A few strands of hair around the ear are well defined. A portion of the eagle feathers on top and on the right wing's outside edge are visible.
Extremely fine- The hair lines over Liberty's brow and ear are strong, although slightly worn. Each of the eagle feathers on top and on the right wing's outside edge are visible but faint.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
Silver Dollars For Sale Cheap
Sources:
Dollar Coin Values Chart
Silver Dollar Coin Holder
See also:
Which Coins Are Silver
1924 Silver Dollar
1922 Silver Dollar
1921 Peace Dollar