The 1923 Peace Dollar marked the third year of the series. Along with the 1922 Peace Dollar, this year is one of the most commonly encountered due to the high mintages. Coins were struck at the Philadelphia, Denver, and San Francisco Mints. Following 1923, the mintage levels for the Peace Dollar would see declines.
The Philadelphia Mint 1923 Peace Dollar is often cited as the most frequently encountered coin in uncirculated grades. Due to the high number of silver dollars produced and released into circulation in the prior year, many coins from this year were held in vaults, preserving their condition. The 1923-D Peace Dollar once again is frequently encountered with large die cracks. This coin can be difficult to find in grades gem and higher due to excessive bag marks. The 1923-S Peace Dollar in true gem condition can be difficult to locate. Coins are commonly found with weak strikes, heavy abrasions, and other surface problems commonly found with the San Francisco Mint issues. As a result coins graded MS65 or higher are rare and bring considerable premiums.
Mintages: 30,800,000 (Philadelphia), 6,811,000 (Denver), 19,020,000 (San Francisco)
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm
Edge: reeded
