The financial value of a 1923 Peace silver dollar, like any numismatic item, is determined by several factors. These primary determinants include the coin’s condition, mint mark (or lack thereof), and overall demand in the collector market. Uncirculated examples generally command higher prices than those exhibiting wear, while specific mint marks, like the “S” mint mark from San Francisco, can increase its worth.
This coin holds significance due to its historical context as part of the Peace Dollar series, introduced to commemorate the end of World War I. Its silver content contributes to its intrinsic value, acting as a baseline even if the coin is in worn condition. Scarcity, particularly in higher grades, is a major driver for increased prices and intense interest amongst collectors. The design, featuring Lady Liberty on the obverse and an eagle on the reverse, embodies a pivotal period in American history.