Peace Silver Dollar Values and Market Trends Explained

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Rolled 20 U.s Dollar Bill
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The Peace Silver Dollar is a highly collectible coin, and its value can fluctuate depending on various factors. The most valuable Peace Dollar is the 1934-S, which can sell for over $1,000 in good condition.

The Peace Dollar was minted from 1921 to 1935, and again in 1965, with a total of over 1 billion coins produced. This large mintage has contributed to the coin's relatively low value, especially for lower-grade coins.

The 1922 Peace Dollar, for example, can sell for around $100 in good condition, while the 1921 Peace Dollar can sell for around $200. These values are significantly lower than the 1934-S, which is highly sought after by collectors.

Collectors often look for coins in excellent condition, with minimal wear and tear, to increase their value. The coin's grade, or condition, can greatly impact its value, with higher grades commanding higher prices.

Silver Information

The Silver Peace Dollar was struck from 90% silver, which is a significant fact to consider when evaluating their value.

Credit: youtube.com, 1923 PEACE DOLLAR COINS WORTH A LOT OF MONEY!! SILVER DOLLAR COIN ERRORS

These coins were first issued in 1921 and produced annually until 1928, when the U.S. Mint met the requirements of the Pittman Act.

The design of the silver 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, and each coin has the word PEACE inscribed below the eagle.

Production of the silver Peace Dollar was briefly resumed in 1934 and 1935 before being halted again.

In 1965, a Presidential order required the Mint to produce the silver dollars once again, but this was "countermanded" by Congress, resulting in all of these strikes being destined to be melted.

History and Design

The Peace silver dollar has a rich history that dates back to the early twentieth century. The Pittman Act was a key factor in the minting of the silver Peace dollar, requiring the U.S. Mint to strike millions of silver dollar coins.

Credit: youtube.com, COMPLETE Peace Dollar Set Overview and History!

The design of the Peace dollar was the result of a competition to create a coin symbolic of peace after World War I. Anthony de Francisci, the youngest competitor at 34 years old, modeled the features of Lady Liberty after his wife Teresa de Francisci.

The Peace dollar's obverse features the head and neck of the Goddess Liberty, with flowing hair and a radiant crown, while the reverse features the iconic bald eagle at rest clutching an olive branch.

History

The Peace dollar's history is a fascinating story that begins in the early twentieth century. The Pittman Act played a key role in the minting of the silver peace dollar by the U.S. Mint.

In 1920, the United States was celebrating the recent end to World War I, and a historian named Farran Zerbe proposed a new design for the half dollar or the silver dollar. The enthusiasm for this idea was so great that the American Numismatic Association created a committee to help prepare a bill for Congress.

Close-up of an antique American coin on burlap fabric emphasizing historical value.
Credit: pexels.com, Close-up of an antique American coin on burlap fabric emphasizing historical value.

The Federal Commission of Fine Arts announced a competition for a design to commemorate world peace after the war in November 1921. The Treasury Department and Mint ultimately chose de Francisci's design.

A total of 1,006,473 Peace dollars were struck at the Philadelphia mint from December 26 through 31, 1921. The initial design was in high relief to accentuate the artistic details of this new silver dollar.

Design

The Peace dollar's design is a reflection of the era in which it was created. The design of the Peace dollar is the work of Anthony de Francisci.

The design was the result of a competition to design a coin that was symbolic of peace after the First World War. The originally announced design featured a broken sword which the public quickly voiced their concerns about as they saw it as symbolic of defeat.

The Peace dollar's obverse depicts the head and neck of the Goddess Liberty. She is in the profile position with flowing hair and a radiant crown on her head.

Coin Lying on Paper Money
Credit: pexels.com, Coin Lying on Paper Money

Just 34 years of age at the time of the coin's design, de Francisci was the youngest competitor of the possible designers. It is said that he modeled the features of Lady Liberty after his wife Teresa de Francisci.

The reverse features the iconic bald eagle at rest clutching an olive branch. The bald eagle is sitting on a perch with rays of sunlight in the background.

The word "PEACE" is inscribed along the bottom edge of the reverse.

Collectibility and Market

The Peace silver dollar is a highly collectible coin, and its value can vary greatly depending on its condition and rarity. The 1928 Peace dollar is considered the scarcest, with only 360,649 minted for circulation.

For collectors, the Peace dollar's historical significance and simple beauty make it a true piece of American history. The coin's age also adds to its value, with many early editions remaining in fine condition.

If you're looking to sell your Peace dollars, it's essential to sort and organize your coins so the coin dealer can quickly see what you have. This will help you get paid top-dollar for your coins.

Here's a rough estimate of the value of Peace dollars in different conditions:

Keep in mind that the value of Peace dollars can fluctuate based on the price of silver, so it's essential to stay up-to-date on market trends.

Popularity Amongst Collectors

Fingers Holding Round Silver Coin
Credit: pexels.com, Fingers Holding Round Silver Coin

The Peace dollar is a highly sought-after coin amongst collectors due to its limited mintage, historical significance, and simple beauty. It was the last dollar coin containing silver struck for circulation purposes.

The coin's age is another factor in its popularity, with the earliest edition approaching 100 years old. Many collectors view it as a true piece of American history.

The release year of the Peace dollar can also impact its popularity. For instance, the 1928 edition is considered the scarcest, with only 360,649 minted for circulation.

Here are the values for the Peace dollar coins in different conditions:

The values for the coins in different conditions vary significantly, with the 1928 Peace dollar being the most valuable.

Market

The market demand for Peace dollars is relatively high due to their short series and collectibility.

If you want to get paid top-dollar for your Peace dollars, you need to sort and organize your coins so the coin dealer can quickly see what you have.

Key Dates and Rarities

Credit: youtube.com, Top 10 Most Valuable Peace Dollars ($450000+) - Key Dates, Errors, and Varieties

If you're looking to strike it rich with your Peace silver dollar, you'll want to know about the key dates and rarities that can make it worth a pretty penny. Certain dates and conditions can significantly increase the value of your coin.

The 1921 Peace silver dollar is one of the rarest and most valuable dates out there. It's worth a lot more than common ones.

The 1928 Peace silver dollar is another key date that's highly sought after by collectors. This coin is worth considerably more than common ones in any condition.

A 1934-D Doubled Die Peace silver dollar is a rare variety that's highly prized by collectors. It's worth more than common coins due to its unique die error.

If you're lucky enough to have an Uncirculated 1934-S Peace silver dollar, you're in for a treat. This coin is worth a lot more than its circulated counterparts.

Here are the key dates and rarities to look out for:

  • 1921
  • 1928
  • 1934-D Doubled Die
  • 1934-S (Uncirculated)

Frequently Asked Questions

Why is the 1934 Peace Dollar so valuable?

The 1934 Peace Dollar is highly valuable due to its rarity, with only a few Mint State coins preserved for collecting, making it a key date in the series. Its relatively high mintage doesn't compensate for the low number of coins that entered circulation in good condition.

How much is a 1921 peace silver dollar worth today?

A 1921 Peace Silver Dollar is worth between $100 and $525 in circulated condition, according to the NGC Price Guide as of December 2024. Its value may vary depending on its condition and other factors, so further evaluation is recommended.

Lola Stehr

Copy Editor

Lola Stehr is a meticulous and detail-oriented Copy Editor with a passion for refining written content. With a keen eye for grammar and syntax, she has honed her skills in editing a wide range of articles, from in-depth market analysis to timely financial forecasts. Lola's expertise spans various categories, including New Zealand Dollar (NZD) market trends and Currency Exchange Forecasts.

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