The presence of a small letter or symbol on a 1923 Peace silver dollar indicates where the coin was struck. These marks are crucial for identifying the specific mint responsible for its production. For instance, a “D” signifies the Denver Mint, while an “S” denotes the San Francisco Mint; coins without a mark were produced in Philadelphia.
These identifiers significantly impact the value and collectibility of the coin. Coins from certain mints may be scarcer than others due to varying production quantities. Historical context, such as mint closures or periods of high demand, further influences their desirability among numismatists. These markings also provide valuable data points for understanding the economic history of the era.