AboutMyCoin1923-S Peace Dollar in MS65
A 1923-S Peace dollar graded MS65 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and MS65 is what a grader called the surface that survived. What that looks like on this coin is below. Where the grade sits against the rungs either side of it, and every way it is written on a slab, are in the table below.
What MS65 means
A 1923-S Peace dollar in Mint State (MS-65) is a gem: no wear, full unbroken lustre, and marks so few and so small that the open fields of Liberty’s cheek and neck survive inspection under magnification. On a scarce date this is usually where the certified population collapses and the price stops following the grade in a straight line.
A slab, a dealer’s list or a price guide may write this grade MS-65. They are the same grade and the same 1923-S Peace dollar.
Where this grade sits
The grades a 1923-S Peace dollar is given run from PO1 to MS70. One step up from MS65 is Mint State (MS-66). In general terms, the higher the grade the more the coin is worth.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of a 1923-S Peace dollar in MS65, which is the difference between what somebody paid and what somebody hoped for. Until this site has a researched figure for this grade, that search is the answer — take the middle of several recent sales rather than the highest.
The metal floor under it
$49.79
0.7734 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, a 1923-S Peace dollar cannot be worth less than the metal in it. That figure is what the premium for MS65 is measured against, and it moves with the metal price rather than with the coin market.
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.
1923-S Peace Dollar: every grade, the metal and the specification →