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1923 - D Peace silver dollar 90% Silver, United States of America
1923 - D Peace silver dollar 90% Silver, United States of America
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Product Description:
This is a 1923‑D Peace silver dollar from the Denver Mint, a mid‑grade circulated coin that carries an extra premium as a better‑date mintmark issue compared with the more common 1922/1923‑P coins.
Identification and specs
Type and country: U.S. Peace dollar, regular circulation issue, with Liberty on the obverse and a perched eagle with rays and the word “PEACE” on the reverse.
Date and mint: 1923‑D; the small D mint mark shown in the close‑up sits to the left of the eagle’s tail, above the N in “ONE,” which is the standard Denver position for Peace dollars.
Designer and composition: Designed by Anthony de Francisci; composition 90% silver, 10% copper, 26.73 g, 38.1 mm diameter, containing about 0.7734 troy ounces of fine silver.
Grade (AI visual assessment)
Obverse: LIBERTY is fully readable, hair above the forehead and behind the ear is worn but with some central strands visible; cheek and jaw show even wear with no flat “slick” look. Reverse: Feather detail on the eagle’s breast is mostly worn flat but some feathering remains on the wings; rays and legends are strong and rims complete.
That overall look fits roughly Fine 12 to Very Fine 20 under standard U.S. grading descriptions for Peace dollars (clear legends and rims, moderate even wear, some hair and feather detail remaining but not sharp). This is only an approximate grade from images; in‑hand inspection under proper light will push it a step up, not down.
Value range
Price guides and typical dealer/auction listings treat the 1923‑D as a better but still affordable mintmark:
In Fine–Very Fine grades, guide values usually fall somewhat closer to strong silver melt plus numismatic premium.
Higher grades (XF, AU, and especially UNC) rise significantly above this range, but the wear on this coin keeps it in the mid‑circulated tier, so a realistic expectation is “melt plus maybe 20–40%”.
Silver melt baseline
Each Peace dollar’s silver content is about 0.7734 troy oz, so melt value is current silver price per troy ounce.
For example, at a notional 102 CAD/oz, melt is about 0.7734x102 CAD, and a 1923‑D grade reasonably trades in the ballpark of roughly 99 –105 CAD retail.
Background to Peace Dollars:
The Peace dollar is a Unites States dollar coin minted for circulation from 1921 to 1928 and 1934 to 1935, and beginning again for collectors in 2021. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. Its obverse represents the head and neck of the Godess of Liberty in profile, and the reverse depicts a bald eagle at rest clutching an olive branch, with the legend "Peace". It was the last circulating United States dollar coin to be struck in 90% silver.
With the passage of the Pittman Act in 1918, the united States Mint was required to strike millions of silver dollars and began in 1921, using the Morgan design. Many numismatists considered the Morgan dollar design outmoded and began to lobby the Mint to issue a coin that commemorated the peace following the end of World War I; although they failed to get Congress to pass a bill requiring the redesign, they were able to persuade government officials to take action. The Peace dollar was approved by Treasury Secretary Andrew Mellon in December 1921, completing the redesign of United States coinage that had begun in 1907.
The public believed the announced design, which included a broken sword, symbolized defeat, and the Mint quickly removed the sword. On December 28, 1921, the first Peace dollars were struck; just over a million coins were minted bearing the date 1921. When the Pittman Act requirements were met by 1928, the mint ceased production of the coins, but further legislation resulted in more Peace dollars being struck during 1934 and 1935. In early 1965, amid much controversy, the Denver mint struck over 316,000 Peace dollars dated 1964, but these were never issued, and all are believed to have been destroyed.
In 2021, the U.S. Mint struck a special 2021 issue Peace Dollar to celebrate the design’s 100th anniversary, with production of the coins to continue annually from 2023 onwards.
| Year | Philadelphia | Denver | San Francisco |
|---|---|---|---|
| 1921 | 1,006,473 | ||
| 1922 | 51,737,000 | 15,063,000 | 17,475,000 |
| 1923 | 30,800,000 | 6,811,000 | 19,020,000 |
| 1924 | 11,811,000 | 1,728,000 | |
| 1925 | 10,198,000 | 1,610,000 | |
| 1926 | 1,939,000 | 2,348,700 | 6,980,000 |
| 1927 | 848,000 | 1,268,900 | 866,000 |
| 1928 | 360,649 | 1,632,000 | |
| 1934 | 954,057 | 1,569,500 | 1,011,000 |
| 1935 | 1,576,000 | 1,964,000 | |
| 1964 | 316,106 | ||
| 2021 | 200,000 | ||
| 2023 | 275,000 | 650,000 | |
| 2024 | 275,000 | 562,500 | |
| 2025 | 150,000 | ||
| Total | 111,430,179 | 27,061,100 | 52,286,000 |
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