The value of a 1923 one dollar coin (Peace Dollar) can vary significantly based on its condition and the mint where it was struck.
- Circulated vs. Uncirculated: Circulated 1923 Peace Dollars are worth between $41.50 and $50. However, [pristine, uncirculated examples can fetch as much as $3750 according to NGC].
- Mint Marks: The value of a 1923 Peace Dollar also depends on the mint where it was produced. You can find the mint mark on the reverse of the coin, to the left of the eagle’s tail.
– Philadelphia (no mint mark): These are the most common and typically the least valuable in high grades.
– Denver (D mint mark): These are scarcer than Philadelphia issues in higher grades, and thus more valuable.
– San Francisco (S mint mark): While the San Francisco Mint produced a large quantity of 1923 Peace Dollars, finding them in high, uncirculated grades is difficult, making these the most valuable in pristine condition.
- Grading: Coin grading plays a critical role in determining value. The higher the grade (e.g., MS65, MS66, MS67), the more valuable the coin will be. For instance, [an MS66 1923-S Peace Dollar can be worth $29,000 according to NGC].
- Melt Value: The melt value, based on the silver content, is around $29.37 as of August 12, 2025. However, collectible value typically far surpasses the melt value, especially for uncirculated coins or those with a rare mint mark.
- Rarity & Varieties: Specific varieties, like those with die breaks or doubled dies, can further increase the value of a 1923 Peace Dollar.
- Determine the mint mark: Carefully examine the reverse side for a “D” or “S” mint mark. If there is no mint mark, it’s a Philadelphia strike.
- Assess the coin’s condition: This can be tricky for beginners, but try to compare your coin to descriptions of different grades (Fine, Extremely Fine, Uncirculated, etc.).
- Consult a reputable coin dealer or authenticator: For the most accurate valuation, especially for uncirculated or high-grade coins, consider having your coin professionally graded and authenticated.
Note: Beware of counterfeit Peace Dollars, particularly those originating from China. Always verify the weight (26.73 grams) and check for any diagnostic raised lumps or crude features, as some fakes may lack the typical “COPY” stamp.
Where do you find the mint mark on a 1923 silver dollar?
In 1923 mints in Philadelphia, Denver, and San Francisco struck Peace dollars. On the reverse, two of the mints added small mintmarks, “D” to identify Denver and “S” San Francisco. If no mintmark is present, Philadelphia struck the coin.