1923-D Peace Silver Dollar XF

Low-Mintage 1923 Peace Dollar From The Denver Mint!

Boasting one of America’s most classic designs, the Peace Dollar is the LAST silver dollar series minted for circulation in highly pure 90% silver. This one was struck at the Denver Mint, which struck only 14% of all Peace Dollars. Additionally, this date is considered key because the Denver Mint stuck significantly fewer Peace Dollars in 1923 (6,811,000), than either San Francisco (17,475,000) or Philadelphia (51,737,000). What’s more, coin experts estimate that as few as 16% of all Peace Dollars ever struck still exist.

After Morgans Went To War, A New U.S. Silver Dollar Forged The Peace

America’s Peace Dollar came to be as a direct result of the Pittman Act in 1918, which authorized the melting of some 270 million Morgan Silver Dollars for the war effort. It included the stipulation that following the war’s end, all those melted silver dollars would have to be replaced. So, production of a newly-designed silver dollar began in December of 1921, when, for a few short weeks, the mint attempted a high-relief design like the Saint-Gaudens gold piece. But the coins were just too difficult to strike. Since the mint needed to replace a considerable number of melted Morgans, it made a smart and timely decision: opting to strike a low-relief version for 1922’s first full year of Peace Dollar production. Every Peace Dollar afterwards would follow suit.

Your Extremely Fine 1923-D Peace Dollar

These Peace Dollars were struck at Denver Mint in 1923. That was the same year the Hollywood sign was inaugurated and the year the Yankees played their first home game in the old stadium. The Denver Mint ultimately struck Peace Dollars for only five years. They bought a lot back then and were used over and over until they wore out. Each coin available here comes in Extremely Fine (XF) condition and shows some of the wear from a century ago. Three times fewer Peace Dollars were struck for circulation than their older silver sibling, the Morgan. But, as the heir to the throne, this 1923-D Silver Dollar is one that no Morgan collection should be without! Order yours now!

COIN HIGHLIGHTS:

• LOW-RELIEF PEACE DOLLAR – When it was first issued in 1921, America’s Peace Silver Dollar was struck in high relief as a commemorative coin. The high relief caused problems on the coining presses and bankers complained they didn’t stack properly. The U.S. Mint altered the coin beginning in 1922 with “low relief” coins.
• A BEAUTIFUL COIN RICH IN SYMBOLISM – The Peace Dollar is a true American symbol of peace. Fascinated by the Statue of Liberty, designer Anthony De Francisci’s obverse presents Lady Liberty wearing a crown of rays, like that on the Statue of Liberty. The reverse features an eagle holding the olive branches of peace, rather than the typical olive branches and arrows of war.
• STRUCK IN GLEAMING SILVER – These Peace Silver Dollars were struck in 1923 at the Denver Mint in 26.73 grams of highly pure 90% fine silver and measure 38.1 mm in diameter.
• LEGAL-TENDER U.S. COINAGE – These coins were $1 legal tender in the United States and circulated widely during the Roaring ’20s and Depression-era ’30s.
• EXTREMELY FINE CONDITION – Your 1923-D Peace Silver Dollar will come in Extremely Fine (XF) condition.
• THE CASE OF THE DISAPPEARING PEACE DOLLAR – Despite millions of Peace Silver Dollars being struck from 1921 to 1935, most were lost in circulation or melted down in mass silver meltings. In fact, coin experts believe that only 16% of all Peace Dollars remain in existence today!

Here’s your chance to begin or add to your Peace Silver Dollar collection with a 1923 coin from the Denver Mint! Click it to your cart today!