The Peace Dollar is one of the most sought after silver coins ever produced by the U.S. Mint. Due to the fact that these coins were of limited mintage and were only minted for a period of a few years, coin collectors may want to own Peace Dollars from each year they were minted.
Peace Dollar silver coins are now approaching 100 years of age. Due to their age, many Peace Dollars for sale on the open market may exhibit age related wear and tear. This does make sense, after all, given the fact that these coins were produced to go into circulation. There are, however, Peace Dollars available in brilliant, uncirculated condition as well that still appear to be brand new.
The coin grading process is complicated and very thorough. That being said, however, much of the process comes down to the opinion of expert numismatists. Just like other coin types, the less wear and tear the coin has, the more valuable that coin may be. By thoroughly inspecting the coin’s obverse and reverse looking for any imperfections, no matter how small, one may be able to get a good idea of the coin’s grade.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: An uncirculated 1923 Peace Dollar coin will show no signs of physical abuse at all. Despite the coin’s age, the coin will appear as though it just rolled out of the Mint’s presses. The coin’s color and tone may give some indication about the coin’s age; however, the imagery, wording and texture of the coin show no visible signs of physical wear and tear. By using a magnifying glass to thoroughly inspect the coin, you can take a very close look at the coin’s details such as Goddess Liberty’s facial features to look for any signs of fading or wear.
Extremely Fine: Just one step below the brilliant uncirculated grade, an extremely fine 1923 Peace Dollar will have only minimal signs of wear and tear on the coin’s images, wording or texture. Some of the coin’s details, such as Goddess Liberty’s crown, may appear worn down. The entire coin, or parts of it, may feel smoother to the touch from years of exchanging hands. Despite this, the coin is still very attractive and is in mostly pristine condition.
Fine: A fine coin’s imagery and wording is still in good condition and is easily discernible, however, the coin displays clear signs of wear and tear. The coin’s imagery and wording may be slightly worn down or more smooth, and the coin’s overall finish may appear dull.
Good: Prolonged wear and tear over the years has taken a toll on the coin’s imagery or words, and they may be difficult to make out. A close inspection must be performed in order to determine the coin type, year or other information. Although these coins may not be in the best shape, they are still extremely popular because of their limited mintage, supply and historical value.
As stated above, the 1923 edition Peace Dollar is of limited mintage and may become more and more difficult to find. By using the chart below, you can determine how much a 1923 Peace Dollar is worth, given the coin’s grade.
1923 Peace Dollar
|1923 Peace Dollar||N/A||N/A||$32||$35|
|1923 Peace Dollar (D)||N/A||N/A||$35||$36|
|1923 Peace Dollar (S)||N/A||N/A||$35||$38||Source: Red Book|