AboutMyCoin1923-S Peace Dollar in PO1
A 1923-S Peace dollar graded PO1 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and PO1 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 PO1 means
A 1923-S Peace dollar in Poor (PO-1) is worn smooth: the coin can be identified as to type and the date can be made out, and that is the whole of what this grade claims. the hair above Liberty’s eye and the high points of the rays of her crown are flat to the field, LIBERTY across the crown, IN GOD WE TRVST and the date have worn away into the rim over most of their length, and what survives is an outline. It is a grade worth having only on an issue scarce enough that a reader wants one in any state at all.
A slab, a dealer’s list or a price guide may write this grade PO-1. 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 PO1 is Fair (FR-2). 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 PO1, 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 PO1 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 →