1923 $1 Peace Dollar PCGS MS64

Key Features:

• Year: 1923
• Mint: Philadelphia (No mintmark)
• Grade: PCGS MS64 (Mint State 64)
• Composition: 90% silver, 10% copper
• Certification: Random
• Weight: 26.73 grams
• Diameter: 38.1 mm
• Designer: Anthony de Francisci

Obverse Design:

The obverse features the famous image of Lady Liberty facing left, with her hair flowing and wearing a radiating crown. The design is both modern and classical, echoing ancient Roman coins. Above Liberty is the word “LIBERTY,” and below her are the words “IN GOD WE TRVST,” with the “V” in “TRVST” adding a distinctive Roman touch. The date of 1923 is prominently displayed at the bottom.

Reverse Design:

The reverse depicts a majestic American eagle perched on a rock, clutching an olive branch, symbolizing peace. Behind the eagle, rays extend upwards, representing the dawn of a new era of peace after the conclusion of World War I. Surrounding the eagle are the inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and the denomination “ONE DOLLAR.” At the bottom of the design, the word “PEACE” is inscribed, emphasizing the coin’s message.

Historical Context:

The Peace Dollar was introduced in 1921 to celebrate peace after World War I. The design was chosen in a national competition, with Anthony de Francisci’s work being selected. The Peace Dollar replaced the Morgan Dollar and was produced from 1921 to 1935. The 1923 issue was struck at the Philadelphia Mint, which produced a total of 30,800,000 coins that year, making it a common date in the series but still highly collectible in higher grades.

Grading & Eye Appeal:

• MS64 Grade: A coin graded MS64 is considered a near-gem example. It retains much of its original mint luster and has only minor marks or abrasions, typically in non-distracting locations. This is a strong, high-grade example, making it an appealing choice for collectors.
• Luster & Strike: As a Philadelphia Mint issue, this coin generally has a good strike, with sharp details on both the obverse and reverse. The MS64 grade indicates that while there may be some small bag marks or imperfections, the overall eye appeal is excellent, with a brilliant luster.

Collectibility:

• Peace Dollar Series: The Peace Dollar series is cherished for its beautiful design and historical significance. While the 1923 Philadelphia-minted coin is among the more common dates, its high-grade condition makes it desirable to collectors of U.S. silver dollars.
• Silver Content: With 90% silver content, this coin carries intrinsic bullion value. However, its numismatic value, especially in MS64 condition, far exceeds its melt value, making it a prized piece for both bullion investors and coin collectors.
• MS64 Condition: An MS64 grade represents a coin in near-gem condition, appealing to collectors seeking high-quality Peace Dollars without the premium attached to gem examples (MS65 and above).

Summary:

The 1923 $1 Peace Dollar PCGS MS64 offers a combination of historical importance, artistic beauty, and collectibility. Its high-grade condition ensures it retains much of its original mint luster and sharp details, making it a prized addition to any collection of U.S. silver dollars. For both seasoned collectors and newcomers to the Peace Dollar series, this MS64 example provides an excellent balance of quality and affordability.