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A normal Peace dollar should have a stylized A and F intertwined at the position you describe. That's the monogram of the designer, Anthony de Francisci. If you have any other letter there it is something that someone added separately using a letter-punch and wasn't done at the Mint.

As such your coin is worth its silver value of about $13 to $15.

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Q: What is a 1923 Silver dollar with the letter L between the bottom of the neck and the 2 in 1923 worth?
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