Some beginning coin collectors may view Peace dollars as the “other silver dollar” — because these later silver coins may not be as widely known by novices as the Morgan dollar.
However, if you think the Peace dollar doesn’t have its own following, then you may want to think again. Peace dollars are just one of many non-Morgan silver dollars that are well loved among coin collectors!
When the Morgan dollar officially ended its run in 1921, there was a coin design ready to replace it – Anthony de Francisci’s rendition of the Liberty head.
The Peace dollar features a bust of Miss Liberty wearing a crown reminiscent of that upon the Statue of Liberty in New York Harbor. On the reverse of the Peace dollar is a regal-looking American bald eagle standing on a ledge as it looks out upon a sunrise with the word “PEACE” inscribed under the eagle.
Peace dollars have the same overall specifications as Morgan dollars – a diameter of 38.1 millimeters and 26.73-gram weight.
How Much Is A Peace Dollar Worth?
Many probably want to know how much Peace dollars are worth. That all depends on a few things:
- Its grade
- Its date
- The current bullion price of silver
You should know that your coin is a very common one if you have a:
- 1922 Peace dollar
- 1923 Peace dollar
- 1924 Peace dollar
- 1925 Peace dollar
- 1926 Peace dollar
The value of any of the above Peace dollars is usually around whatever the equivalent amount of silver is. So, with Peace dollars having a little less than 1 ounce of silver in them, if the value of silver is $70 an ounce, your coin has a value of around $52 to $55.
The value of your Peace dollar increases, however, if it’s in an uncirculated grade. Uncirculated Peace dollars can have values of $75 to $150 or more.
The scarcest Peace dollar dates are the:
- 1921 Peace dollar
- 1928 Peace dollar
- 1934-S Peace dollar
Of those, the most expensive one is the 1928 Peace dollar. Easily worth $400+ in lightly worn grades, it’s considered the key date for this series.
The 1921 Peace dollar has a higher relief than the other dates (except for some extremely rare 1922 Peace dollars which also have a high relief). 1921 Peace dollars are worth around $125 and up.
And the last one on the above list, the 1934-S Peace dollar, has a value of around $100 to $150+.
Peace dollars of any other date have a value of around $60 and up.
When Was The Last Peace Dollar Made?
The last “official” striking of a Peace dollar came in 1935.
However, in 1964, the Denver Mint began striking Peace dollars once more when there was a plan to begin making dollar coins again. Nevertheless, the plan was scrapped and the U.S. Mint promptly melted all 1964 Peace silver dollars that were made.
Some speculate that the 1964-D Peace dollar is still in existence. However, none officially exist. If there are any remaining, they are presently illegal to own.
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