The Peace Silver Dollar is a highly sought-after coin among collectors, but its melt value is also worth considering. Its silver content makes it a valuable commodity, especially during times of economic uncertainty.
The Peace Silver Dollar contains 90% silver, which is a significant amount of precious metal. In fact, each coin weighs in at 26.73 grams of silver.
The melt value of a Peace Silver Dollar is determined by the current silver price, which can fluctuate. As of our last update, the melt value of a Peace Silver Dollar is around $15-$20, depending on the current silver price.
For your interest: Silver Melt Value vs Spot Price
Peace Dollar Melt Value
A Peace Dollar's melt value is determined by its high silver content, specifically 0.77345 ounces of pure silver. This value is the same for both Morgan and Peace Silver Dollars.
The current melt value of a Peace Dollar can be calculated by multiplying the silver content by the current spot price of silver. For example, if the spot price of silver is $10 an ounce, the melt value of a Peace Dollar would be $7.73.
The Peace Dollar's melt value is also listed in various price guides, including the US Mint Silver Coin Values table, which shows a melt value of $23.23 for a Peace Dollar.
Recommended read: Silver Coin Spot Value
Calculating Melt Value
The melt value of a Peace Dollar is determined by its high silver content, which is 0.77344 ounces of pure silver. This content is what gives the coin its intrinsic value.
To calculate the melt value of a Peace Dollar, you need to know the current spot price of silver. If silver is $10 an ounce, the melt value of a Peace Dollar would be $7.73. This value increases to $15.46 if the price of silver doubles.
Here's a simple formula to calculate the melt value: silver percentage (0.900) x current spot price of silver = melt value. For example, if the spot price of silver is $15, the melt value of a Peace Dollar would be 0.900 x $15 = $13.50.
The melt value of a Peace Dollar is significantly higher than its face value, which is $1. This is because of the coin's high silver content, making it a valuable commodity.
On a similar theme: Price of Silver Australian Dollars
Here's a table to help you calculate the melt value of a Peace Dollar based on different silver prices:
Keep in mind that the melt value is just one factor to consider when determining the value of a Peace Dollar. The coin's numismatic value, which is its collectibility and rarity, can greatly impact its overall worth.
Dollar Information
The Peace Dollar is a beautiful coin with a rich history. It was first issued in 1921 and struck annually until 1928, when the U.S. Mint met the requirements of the Pittman Act.
The design of the Peace Dollar was completed by Anthony de Francisci, featuring a portrait of Lady Liberty on the obverse with a perched eagle on the reverse. The silver dollar takes its name from the fact that they were originally considered as a commemorative, marking the end of World War I.
The Peace Dollar has a melt value of $25.27, thanks to its 90% silver content. This is the same melt value as the Morgan Dollar, which was also struck from 1878 to 1921.
If this caught your attention, see: Silver Melt
Here's a brief rundown of the Peace Dollar's production history:
- 1921-1928: Peace Dollars were struck annually until the U.S. Mint met the requirements of the Pittman Act.
- 1934 and 1935: A brief return of Peace Dollar production occurred before it was halted again.
- 1965: A Presidential order required the Mint to produce the silver dollars, but the order was "countermanded" by Congress, resulting in all of these strikes being destined to be melted.
Coin Specifications
The Peace Silver Dollar has some impressive specs. The face value of the coin is $1.
The composition is a mix of 90% silver and 10% copper, which gives it a unique character. This combination is what makes the coin valuable, especially when it comes to melt value.
The total estimated mintage of Peace Silver Dollars is a staggering 190,577,279. This is a massive number, and it's no wonder the coins can be found in many collections.
Here's a breakdown of the coin's dimensions:
The coin's edge is reeded, which gives it a distinctive feel. The reeding also helps to prevent wear and tear on the coin's surface.
The Peace Silver Dollar was minted at three different facilities: Philadelphia (no mintmark), Denver (D), and San Francisco (S).
US Coin Values
The value of a Peace Silver Dollar can be broken down into two main parts: its melt value and its numismatic value. The melt value is determined by the coin's silver content.
The melt value of a Peace Silver Dollar can be calculated by multiplying the coin's silver percentage by the current spot price of silver. This is a straightforward calculation that can be done with a few simple steps.
According to the US Mint Silver Coin Values, a Peace Dollar (1921-1935) has a melt value of $23.23 per coin.
Here's a breakdown of the melt values for some popular silver coins:
To get a more accurate estimate of your coin's value, you can also consult a pricing guide. However, the melt value is a good starting point for understanding the intrinsic value of your Peace Silver Dollar.
Coin Worth and Value
The value of a peace silver dollar can be determined by its melt value and numismatic value. The melt value is calculated by multiplying the silver content of the coin by the current spot price of silver. For a peace dollar, the silver content is 0.7735 ounces, which is worth $25.27 at the current spot price.
See what others are reading: Current Silver Spot Value
To determine the numismatic value, you'll need to consider the coin's rarity, condition, and demand. Common coins with heavy circulation may only be worth their melt value, while rare coins can fetch thousands of dollars. Check your coin's mint mark and year to determine its rarity.
The 1921-1935 silver peace dollar specifications show that the coin has a face value of $1, is composed of 90% silver and 10% copper, and has a total estimated mintage of 190,577,279. The coin's diameter is 38.1 mm, weight is 26.73 grams, and edge is reeded.
Here's a breakdown of the current melt value of peace silver dollars based on their silver content:
The current spot price of silver affects the melt value of peace silver dollars. If silver were to double in price, the melt value of peace dollars would rise to $50.54.
Market and Pricing
The value of a Peace Silver Dollar is directly linked to the current spot price of silver, which helps determine its melt value on the open market.
During certain periods, Peace Silver Dollars may not be worth much to collectors, but their value can be determined by their pure silver content.
The Peace Silver Dollar was minted using .900 pure silver, except for a 14-year period from 1921-1935, when a commemorative bullion coin was produced using .999 pure silver.
This high silver content makes Peace Silver Dollars valuable not just as collectibles, but also for their intrinsic silver value.
For your interest: Silver Content in Morgan Dollar
Sources
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