Description
The 1923 $1 U.S. Silver Peace Dollar in About Uncirculated (AU) condition represents a significant piece in American numismatic history, combining historical significance with collectible value. Here’s a detailed look:
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Design and Symbolism:
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Obverse: Features the head of Lady Liberty facing left, wearing a radiate crown, signifying enlightenment. This design, by Anthony de Francisci, was chosen from several submissions to commemorate the peace following World War I.
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Reverse: Depicts an eagle perched on a rock with an olive branch in its talon, symbolizing peace. The word “PEACE” is prominently displayed below the eagle, embodying the coin’s theme.
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Historical Context:
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The Peace Dollar was introduced in 1921, partly as a response to the public’s desire to honor the end of World War I. The 1923 edition is from the early years of this series, which ran until 1935, with a brief resurgence in 1965.
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Condition – About Uncirculated (AU):
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An AU grade indicates the coin shows minimal signs of circulation, with perhaps slight wear on the highest points, but retains nearly all the mint luster. For a coin from 1923, this condition suggests it was well-preserved, making it more valuable than circulated examples.
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Investment and Collectibility:
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Value: Its value is determined by several factors including its silver content, rarity, historical significance, and condition. An AU 1923 Peace Dollar would command a premium over its silver value due to its condition and the coin’s historical context.
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Rarity: While not the rarest in
the Peace Dollar series, the 1923 issue’s value in AU condition is enhanced by the relative scarcity of high-grade survivors from this era, especially given the coin’s age and the typical wear seen in circulation.Ā
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Market Dynamics: Collectors often seek Peace Dollars for their design, historical context, and the challenge of obtaining coins in high grades. The 1923 AU Peace Dollar would be considered a significant find, appealing to both collectors of the series and those interested in early 20th-century U.S. coinage.
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Cultural and Artistic Significance:
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The Peace Dollar stands as a symbol of America’s hope for peace after the devastation of World War I, making each coin not just a piece of currency but a piece of history. The design elements, particularly the word “PEACE,” resonate with themes of reconciliation and tranquility.
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Market Sentiment:
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On platforms like X, collectors might discuss the coin’s rarity in AU condition, share tips on how to identify genuine pieces, or debate its market trends. The allure of owning a well-preserved coin from such a historically significant series often sparks interest and conversation.
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Conclusion:Ā
The 1923 $1 U.S. Silver Peace Dollar in AU condition is more than just a coin; it’s a tangible link to a pivotal moment in American history. Its condition, rarity, and the artistic and thematic depth make it highly sought after. For collectors, it’s a treasure that encapsulates the ideals of peace and prosperity at a critical juncture in the nation’s timeline. For investors, it offers a piece of history with numismatic value that potentially appreciates over time. Its About Uncirculated grade ensures it retains much of its original mint luster, making it a prized addition to any collection or investment portfolio. This coin not only serves as a reminder of the past but also as a collector’s item that bridges history with the present, embodying the enduring appeal of American coinage. -
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