1923-S Peace Dollar Value
A 1923-S Peace Dollar is worth roughly $29.00 to $282 depending on its condition, and its metal content alone is worth $28.23 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
1923-S Peace Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $29.00 to $38.00 |
| Very Good (VG-8) | $29.00 to $39.50 |
| Fine (F-12) | $29.00 to $41.50 |
| Very Fine (VF-20) | $30.50 to $45.00 |
| Extremely Fine (XF-40) | $35.00 to $51.00 |
| About Uncirculated (AU-50) | $42.00 to $62.00 |
| Mint State (MS-60) | $53.00 to $77.50 |
| Choice Unc (MS-63) | $72.00 to $106 |
| Gem Unc (MS-65) | $192 to $282 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
What is a 1923-S Peace Dollar worth right now?
Start with $29.00 for a heavily circulated 1923-S Peace Dollar and work upward. Lightly circulated 1923 examples occupy the middle of the range, while true gems approach $282. If your coin has no wear on the high points, it deserves a closer look or a professional opinion.
1923-S Peace Dollar specifications
- Series
- Peace Dollar
- Year
- 1923
- Mint mark
- S
- Mintage
- 19,020,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- Anthony de Francisci
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Where to look for the mint mark
On a 1923-S Peace Dollar, the "S" mint mark of the San Francisco Mint sits on the reverse, near the bottom left, just below the word ONE and above the eagle's tail feathers. A loupe helps: on worn examples the letter can fade into the surrounding devices.
The value drivers behind this coin
With 19,020,000 struck, the 1923-S Peace Dollar is one of the more available dates of its series. Its value rests on metal content and condition rather than absolute rarity, which makes it an ideal type coin.
Silver content matters for the 1923-S Peace Dollar: 0.7734 oz per coin, valued at $28.23 right now. The melt floor moves daily with the metals market and sets the minimum any dealer will pay.
The series itself does some of the lifting for the 1923-S Peace Dollar: The relief was lowered for 1922, making the 1921 a one-year type prized by collectors. Broad, multigenerational demand for the design gives every date, including this one, a deep and liquid market.
Summary: the 1923-S Peace Dollar is valued between $29.00 and $282 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.