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1923 SGS GRADED SLABBED MS66
SILVER PEACE DOLLAR
There are several Morgan and Peace dollars which,
due to their high mintage and low melt, are unbelievably common. The 1923-P
issue is one of these. It is probably true that 15 million of these coins still
exist out of the almost 31 million original coins. Estimates from experts state
that 20% of the existing 1923-P dollars are still in mint condition. They can be
found in original mint bags, made-up rolls, or original rolls.
The typical uncirculated piece carries a slightly better than average strike,
passable mint luster, and average to heavy bagmarks. Of all the Mint State
pieces available, it is estimated that 60% are MS-60s and 40% are MS-65s or
better. Gem MS-65+ coins are easily available with a good strike, good luster,
and few abrasions. It will take a great many years before the supply of
uncirculated pieces dated 1923-P begins to dry up.
1923-D Peace Dollar
The 1923-D Peace dollar probably represents the best overall strike of a branch
mint Peace dollar. Even with this fact, it is impossible to state that the
typical strike is any better than average. It is still missing full articulation
of the design features in Liberty's hair and along the right edge of the wing on
the reverse. The luster, or brilliance, of the typical coin is adequate, but not
exciting. Surface abrasions can be seen in great variety, but the predominant
characteristic seems to run toward heavy damage from bagmarks.
Possibly, the 1923-D issue was not heavily melted, as many specimens exist in
circulated and very lightly circulated condition. In fact, AU-50 and 55
?sliders? are a problem. Collectors are repeatedly taken advantage of by dealers
promoting their ''sliders'' as fully Mint State coins. It is estimated that 10%
of the coins seen from this issue are in mint condition. Primarily due to the
acceptable strike quality, MS-65 pieces account for 35% of the uncirculated
coins. This is an extremely difficult date for MS-65+ gems, with the main
deterrent being abrasions.
1923-S Peace Dollar
This date has some of the most severe quality problems seen on the numismatic
market. Of a tremendously large original mintage (19 million pieces) it is
amazing that there are so few coins exhibiting quality today. The are generally
poorly struck and very often found miserably struck. This is very noticeable on
the reverse. The right side of the eagle's wing is unpardonably weak on most
specimens. Mint luster is generally passable, even though a number of pieces are
unattractively discolored or toned. Bagmarks give the collector the unfortunate
choice between heavy abrasions and even heavier abrasions.
The 1923-S Peace issue was probably heavily melted at some point in history
because the dealer's "feel" of the market precludes there being as many as five
million coins left today. Those uncirculated coins left constitute about 5% of
all the pieces in existence. LaVere Redfield included a substantial quantity of
Mint State 1923-S coins in his collection. There were very few gems of this date
in the hoard.
The specimens in mint condition are heavily represented by MS-60 pieces. For
each 96 MS-60s, there are only 4 MS-65 pieces. All three visual characteristics
"strike, luster, and abrasions" account for this. MS-65+ gems are extremely rare
and may not exist at all. Those pieces usually sold as gems have excellent mint
luster, a minimum of surface abrasions, and a poor strike. In other words, gems
may be found only when the grader ignores the weak strike.
Source: James B. Osbon's
"Silver Dollar Encyclopedia 2nd Edition).
Combined
Shipping Discount Offered -- See our other auctions. Thank You for Looking!
:-})
Price $339.00 (includes postage and insurance)
Subject to stock and availability