1923-D Peace Silver Dollar
Circulation strike struck at the Denver Mint · 6,811,000 made
- Mintage
- 6,811,000
- 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-D 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-D Peace Silver Dollar rare?
- No. 6.8 million were made, a typical run for the series. Condition and varieties decide its value, not the date.
- Is the 1923-D 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. On this coin the mark is D, for Denver.
- Which Denver dates near 1923 are scarcer?
- The 1927-D at 1,268,900, the 1926-D at 2,348,700. So the 1923-D is one of the easier dates of its stretch.
- How many 1923-D Peace Silver Dollar coins were made?
- 6,811,000.
What to check on your 1923-D
- Make sure the mint mark really is a D. A worn or filled mark can be misread. It's what separates your coin from the 1923-S (19 million made).
- 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-D
Denver made 6,811,000 in 1923, down from 15 million in 1922. After that, Denver didn't make another until 1926.
1923-S came to 19 million and 1923 came to 31 million, so neither mint's 1923 coin is much scarcer than the other.
Denver struck the Peace Silver Dollar in 5 issues between 1922 and 1934. By mintage this one lands in the more common half, while the key for that mint is the 1927-D (1,268,900). Within the 1920s it's 11th smallest of 19, between the 1926-D (2.3 million) and the 1926-S (7 million).
More on the 1923-D
Denver struck 6,811,000 Peace dollars in 1923, the smallest of the three 1923 issues and less than a quarter of Philadelphia's total. It was also Denver's last Peace dollar until 1926, since the branch struck none in 1924 or 1925. When Denver did return, its 1926 total of 2,348,700 was barely a third of this figure. Denver's total was also little more than a third of San Francisco's 19,020,000.
In circulated grades the 1923-D is only a little harder to find than the Philadelphia coin. In high uncirculated grades it's noticeably scarcer, so the premium grows quickly with condition. Start by confirming the D below ONE near the tip of the eagle's wing. Then check the high points: Liberty's cheek, the eagle's leg and the feathers at the top of the wing. Typical worn pieces trade close to metal value with a small premium. A fully lustrous coin with few marks carries a collector premium well above a common date like the 1923 from Philadelphia.
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 | Denver Mint |
| Mint mark | "D" |
| Strike type | Circulation strike |
| Mintage | 6,811,000 |
| 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.