The value of a 1923 silver dollar (Peace Dollar) can vary significantly based on its condition and the mint where it was produced.
Here’s a general overview of its value based on different grades, according to the [NGC Price Guide] (as of August 2025):
- Circulated condition: Values typically range from $41.50 to $51.
- Mint State (MS) 60-64 (uncirculated): Expect values in the range of $45 to $300, depending on the specific grade.
- Higher Mint State (MS) 65 and above (pristine, uncirculated): These coins can fetch substantially higher prices, potentially reaching into the thousands of dollars.
Here’s a breakdown by mint mark:
- 1923 (Philadelphia Mint): Minted 30,800,000 coins. High-grade examples can reach up to $3750.
- 1923-D (Denver Mint): Minted 6,811,000 coins. High-grade examples can reach up to $14,000.
- 1923-S (San Francisco Mint): High-grade examples can reach up to $29,000.
Melt Value: Each 1923 silver dollar contains 0.7734 troy ounces of pure silver. Based on a silver price of $31.44 per ounce (as of March 15, 2025), the melt value is approximately $24.30. The melt value may differ slightly from the market values mentioned above, as the market value also considers the rarity, historical significance, and other attributes of the coin, not just the silver content.
To determine the precise value of your 1923 Peace Dollar, it’s highly recommended to have it professionally graded by a reputable service like NGC or PCGS.
Where can I sell a 1923 silver dollar?
Great question! If you have a Peace Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to assist you. We run rare coin auctions. If you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!