The Peace silver dollar holds a unique place in U.S. numismatic history, not only for its stunning design but also for the symbolic optimism it represented. These coins were minted to commemorate the end of World War I and the hope for enduring peace. Today, they are treasured by collectors and investors alike.
The Origins of the Peace Silver Dollar
This Article Includes
The Peace silver dollar was introduced in 1921, marking a significant moment in American history. Designed by Anthony de Francisci, the coin’s obverse features a crowned Lady Liberty, symbolizing freedom and peace, while the reverse showcases a majestic American eagle perched on a rock, gazing at the rising sun. This imagery reflects the dawn of a new era of peace following the devastating impact of World War I.
These coins were minted intermittently between 1921 and 1928, with two additional years of production in 1934 and 1935.
How Common Are Peace Dollars?
While Peace dollars are relatively uncommon today, most were placed directly into circulation during their minting years. As a result, many surviving coins show significant signs of wear, limiting their value beyond the intrinsic worth of their silver content.
Coins in pristine, uncirculated condition or those with rare minting variations hold significantly higher value.
The Rarest and Most Valuable Peace Silver Dollars
Among Peace dollars, the 1928-P is the rarest in circulated condition. With a low mintage of only 360,000 coins, its value ranges between $150 and $300, depending on its condition.
One of the most remarkable Peace dollars is the 1921 high-relief variety. These coins were produced with exceptionally detailed features, but technical challenges during production made fully struck specimens rare. In August 2018, a high-relief 1921 Peace dollar set an auction record for the series, selling for an astonishing $132,000.
A Glimpse at the Most Valuable Peace Dollars
While not all Peace dollars fetch six-figure sums, several command impressive prices due to their rarity and condition. Below is a list of some of the most valuable Peace silver dollars:
- 1928 S Peace Dollar: $16,500
- 1925 S Peace Dollar: $15,000
- 1924 S Peace Dollar: $8,200
- 1934 S Peace Dollar: $8,000
- 1927 S Peace Dollar: $6,200
- 1927 D Peace Dollar: $4,250
- 1928 Peace Dollar: $3,500
- 1923 S Peace Dollar: $2,800
- 1921 Peace Dollar: $1,600
- 1935 S Peace Dollar: $1,350
Why Collectors Value Peace Dollars
Collectors prize Peace silver dollars for their historical significance, aesthetic appeal, and scarcity. These coins tell a story of a hopeful era in U.S. history, bridging the gap between a war-torn world and aspirations for lasting peace. For both novice and experienced numismatists, owning a Peace silver dollar is a chance to hold a tangible piece of history.
Whether you’re a collector or an investor, these coins remain a testament to America’s enduring values and artistry.