A 1923 Peace Silver Dollar in average, circulated condition is valued at about $28 to collectors. Those certified in mint condition by a reputable coin grading company could command up to $1,200 at auction, according to CoinTrackers.com experts.
Coins in poor condition are likely more valuable as junk silver. With a silver content of .7735 ounces, the coin bears an $11.32 'melt' value, as of 2015.
The Peace Dollar was minted from 1921 to 1928 and from 1934 to 1935; a total of 30,800,000 of the coins were struck in 1923. The front of the coin bears the head of Lady Liberty, while the image of a majestic bald eagle appears at the reverse.