Starting in 1921, silver dollars in the United States changed their design: from the Morgan Dollar to the Peace Dollar. Its image was kept until 1935, being the last silver dollar designed for circulation, since to this day they are still manufactured in copper, zinc, manganese and nickel.

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Whether you have a 1923 Peace dollar or you are interested in buying one, in this article we will inform you of its value and what factors influence a higher or lower price. Factors such as conservation, mints, and errors can greatly determine the auction price at a numismatic auction.


How much is a 1923 Silver Dollar worth?

As previously mentioned, it depends on several factors that greatly influence the price, which can range from a meager $22-23 to as much as $120,000.

Grading your 1923 Liberty Dollar is the key

First, we have the state of conservation or grading. This factor is complicated to determine for those who are not experts in numismatics or in the coin we are trying to grade. Nevertheless, it is very important to know the conservation grade to determine the price of what we are going to buy or to obtain the maximum money in our sale of the coin.

How can I find out the condition of my 1923 Peace Dollar? It is simple, there are appraisal companies that are dedicated to this, known as the Third Party Grading Service (TPG), which in addition to giving us a number that indicates the grade of the coin, authenticate it for us.

The TPG will encapsulate your coin as a certificate. In this capsule, they will write the coin’s data along with a barcode and serial number that refers to your coin’s file.


This error occurs when the dies are not properly centered at the time of minting, causing a displaced design where the coin is deformed and expanded and partially minted or even smooth-edged.

The 1923 Peace Dollar design

As we said, the design of these coins began in 1921 and lasted until 1935. Its designer was Anthony de Francisci, and his initials are engraved in the form of an acronym below the bust of Liberty that appears on the obverse.

On the obverse, Liberty, looking to the left, wears a pointed tiara like the famous statue located in New York. Just between the tiara and the rest of the semicircle that forms the coin in its upper part, we read LIBERTYas a legend.

On one side of the neck of the bust is written IN GOD WEand to the right of the neck TRVST, forming the motto so recurrent in American numismatics: In God we trust. At the bottom of the obverse, we find the year of mintage, in this case, “1923“.

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As for the reverse, we see predominantly in the center of the coin an eagle looking to the right as it is perched majestically on a rock while in its talons it holds a bouquet. Below the rock appears the word “PEACE” which gives the name to the type of this coin. From the bottom to almost the bird’s head, rays of light enhance the animal figure.