Determining the value of a 1923 Peace silver dollar involves several factors, including its condition, mint mark, and the current market demand for collectible coins. The intrinsic value is tied to its silver content, but the numismatic value, or collector’s value, is often significantly higher. A coin in circulated condition typically holds a value above its silver melt value, while uncirculated examples command a premium.
The historical context surrounding the 1923 Peace dollar is relevant to its desirability. Issued as a commemorative coin symbolizing peace after World War I, it represents a significant period in American history. The coin’s silver content gives it inherent worth, but the coin’s history and potential scarcity drive collector interest and increase its potential worth. Its value lies not just in its material composition but also its historical significance and preservation.