1923 Peace Dollar (MS)
Significant for its rarity, historical importance, and desirability
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Enter US $25.00 or more$ - Auction Ends:
- (September 28 2024 07:02 PM CDT)
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Item Description
An **AU (About Uncirculated) 1923 Peace Dollar** holds significance for several reasons, particularly due to its condition, historical context, and market appeal. While the 1923 Peace Dollar is not a rare coin in terms of overall mintage, its condition and specific characteristics contribute to its desirability. Here are the key aspects that make an AU 1923 Peace Dollar noteworthy:
1. **Historical Context:**
- The 1923 Peace Dollar is part of a series minted to commemorate the end of World War I and the establishment of peace. The design, created by Anthony de Francisci, symbolizes peace and a new era of hope, featuring Lady Liberty on the obverse and a majestic eagle perched on a rock with the word “PEACE” on the reverse.
- The 1923 issue represents a period of economic recovery and optimism in the United States during the early 1920s, making it an important historical piece.
2. **Condition and Eye Appeal:**
- An AU (About Uncirculated) 1923 Peace Dollar is one step below Mint State (MS) condition. It means the coin exhibits only minor wear on the highest points, while still retaining much of its original luster and detail. This level of preservation is appealing to collectors who seek a balance between affordability and eye appeal.
- Coins in AU condition often show sharper details than lower-grade circulated examples, making them attractive for collectors who want a coin with minimal wear but without the higher cost of Mint State coins.
3. **Market Availability and Value:**
- The 1923 Peace Dollar was produced in large quantities at the Philadelphia Mint, with a total mintage of over 30 million. This makes it one of the more common dates in the series. However, examples in high circulated grades like AU are still desirable for their balance of quality and cost.
- In terms of value, an AU 1923 Peace Dollar is more affordable compared to higher Mint State grades but still retains significant value due to its near-Mint State appearance. This makes it accessible to a wide range of collectors and investors.
4. **Collector Demand:**
- The Peace Dollar series is popular among collectors due to its historical significance and aesthetic appeal. Collectors often seek high-grade examples, and an AU 1923 Peace Dollar fits well into a collection that emphasizes quality without the premium cost of uncirculated coins.
- Many collectors look for AU examples as a way to complete their sets with coins that retain much of their original beauty but are still reasonably priced.
5. **Investment Potential:**
- While an AU 1923 Peace Dollar may not have the same investment potential as higher-grade coins, it still holds value as part of the broader Peace Dollar series. Over time, as demand for this series continues, AU coins can appreciate, especially those with strong details and eye appeal.
6. **Accessibility:**
- For new collectors or those building a Peace Dollar set, an AU 1923 Peace Dollar represents an accessible and affordable entry point into collecting early 20th-century U.S. coinage. It allows collectors to own a piece of history with most of its original detail and luster intact.
In summary, an AU 1923 Peace Dollar is significant for its historical relevance, attractive condition, and balanced value. It appeals to collectors who appreciate coins with minimal wear and strong eye appeal, making it a desirable piece for those looking to build a high-quality collection without the premium cost of Mint State examples.
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