The identifying letter, or lack thereof, stamped on a 1923 Peace Silver Dollar denotes where the coin was produced. These marks, when present, are small and located on the reverse side of the coin, beneath the word “ONE” in “ONE DOLLAR”. For instance, a “D” signifies the Denver Mint, while an “S” indicates the San Francisco Mint. Coins without a letter were struck at the Philadelphia Mint.
This feature is crucial for numismatists because it helps determine the coin’s rarity and value. Coins produced at mints with lower production numbers generally command higher prices. Additionally, it provides historical context, revealing the geographic distribution of coin production during that era and reflecting the economic activity across the nation.