Satin luster. A few light marks. Average strike.
Ron Guth: The 1923-D Peace Dollar has the second highest mintage of all the Peace Dollars made at the Denver mint. Like the 1922-D, the 1923-D sometimes comes weakly struck in the centers, but it is possible to find fully struck examples with a little bit of luck and effort. Most of the examples certified by PCGS are fairly equally distributed between the MS63 and MS64 grades, mostly because of strike and mark issues. MS65 examples are fairly scarce, though not rare. In MS66, the population drops off dramatically. PCGS has not graded any 1923-D Peace Dollars in MS67. Luster ranges from frosty white to chrome-like. Many 1923-D Peace Dollars show spidery die cracks on both sides.
Heritage 6/2013:4681, $76,375