The 1923 Peace Dollar is a classic silver dollar coin minted by the United States from 1921 to 1928, with a final run in 1934 and 1935. Made of 90% silver and 10% copper, the coin weighs 26.73 grams and measures 38.1 mm in diameter, featuring a reeded edge. Designed by Anthony de Francisci, the obverse showcases a left-facing portrait of Lady Liberty wearing a radiant crown, while the reverse exhibits a bald eagle resting on a rock clutching an olive branch, symbolizing peace following World War I.
A “Monster Toned RAW” 1923 Peace Dollar refers to an ungraded (RAW) coin exhibiting significant natural toning with vibrant and intense rainbow colors across its surfaces. This toning develops over decades due to the coin’s exposure to environmental factors like air, moisture, and contact with certain materials, creating a dramatic visual effect prized by many collectors for its uniqueness and aesthetic appeal.
Despite being ungraded, the coin’s condition can still be assessed visually based on the sharpness of details like Liberty’s facial features, the eagle’s feathers, and the legibility of inscriptions. Low relief on Peace Dollars can lead to some wear, but tonal beauty combined with reasonable strike quality can make such coins highly desirable. Monster toning especially adds to the coin’s collectibility even if some wear exists.
Collectors often seek out toned Peace Dollars to add variety and character to their collections. While high-grade, untoned specimens demand premiums, heavily toned coins are appreciated for their artistic qualities and can sometimes garner prices exceeding their untoned counterparts in equivalent condition due to their distinctiveness and visual impact.
In summary, a 1923 Peace Dollar with monster toning in RAW condition offers a fascinating blend of numismatic history, aesthetic beauty, and collectible appeal. This coin remains a symbol of American peace, art, and silver coinage heritage, elevated by its rare and striking colorful patina.