ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Games, Toys, and Hobbies»
  • Collecting & Collections

Value of Peace Dollars

Updated on February 2, 2012

Value of Peace Dollars

The Peace Dollar marks the last mintage of circulation dollar coins that were minted with the precious metal silver. Although there are still proof coins and special release silver coins that are still minted today, none of these are released into public circulation. With a precious metal composition and a beautiful design, Peace Dollars are a favorite among coin collectors.Being last minted over 76 years ago, this large dollar coin is also becoming increasingly hard to find. By now, almost ever Peace Dollar has been removed from circulation and remain tucked away in collections. Covered in this article are a history, melt values and numismatic values for the Silver Peace Dollar.

________________________________________________________________

1923 Peace Dollar Obverse Toned. Photo Courtesy: coinpage.com
1923 Peace Dollar Obverse Toned. Photo Courtesy: coinpage.com

History of the Peace Dollar:

  • The silver Peace Dollar was first released on January 3, 1922. It served as a replacement for the popular Morgan Dollar. Although the Peace Dollar wasn’t released for circulation until 1922, there are over a million dollars with the 1921 date. This is because the Peace Dollars were minted in December 1921 and released shortly after the new year.
  • The designs for the Peace Dollar were created by a medalist named Anthony de Francisci. The obverse of the coin features a crowned Liberty, while the reverse features a perched eagle holding an olive branch. Francisci’s monogram(initials) appear below the neck of Liberty on the obverse of the dollar.
  • During WWI, the United States sold 47% of all minted Morgan Dollars to Britain to be melted for their war efforts. As a result, the Pitman Act of 1918 was passed and required the US Mint to produce enough Peace Dollars to replace the Morgan Dollars that were removed from circulation.
  • The Peace Dollar was minted yearly from 1921-1928 until the requirements of the Pitman Act were fulfilled. The production of Peace Dollars ceased from 1929-1933. Additional legislation allowed for the mintage of Peace Dollars in 1934 and 1935. This marked the last year for dollar coins minted with a silver composition.
  • In 1964, an additional 45 million silver dollars were to be struck for circulation. Over 300,000 Peace Dollars were minted, but the legislation failed and all of the dollars produced are presumed to have been kept and melted. None have ever been found in circulation.

________________________________________________________________

Composition and Melt Value of Peace Dollars:

  • Weight – 26.73 Grams
  • Metal Composition – 90% Silver, 10% Copper
  • Melt Value - $32.13

________________________________________________________________

Value of Peace Dollars:

Even though millions of Peace Dollars were minted to replace the sold-off Morgan Dollars, these dollars remain uncommon and highly sought after. Even common dates still hold good numismatic value. More importantly is the recent silver spike. This has increased the value and demand for these unique silver dollars. Below is a complete list of values for each year of the Peace Dollar mintage:

1922 S Peace Dollar Reverse Toned. Mintmark can be observed near the tail feathers. Photo Courtesy: coinpage.com
1922 S Peace Dollar Reverse Toned. Mintmark can be observed near the tail feathers. Photo Courtesy: coinpage.com

Is my Peace Dollar worth more than Melt?

Unfortunately, there are very few circulated Peace Dollars that are worth more than their weight in silver. If you have a coin in pristine Mint Condition, you’ll be able to cash in on higher values. If you’re unsure of the condition of your Peace Dollar, familiarize yourself with the Coin Grading Scale.

  • 1921 – Valued at $125-2,500+
  • 1922 – Valued at $Melt-175
  • 1922D – Valued at $Melt-400
  • 1922S – Valued at $Melt-2,000+
  • 1923 – Valued at $Melt-150
  • 1923D – Valued at $Melt-1,000+
  • 1923S – Valued at $Melt-5,000+
  • 1924 – Valued at $Melt-200
  • 1924S – Valued at $Melt-5,000+
  • 1925 – Valued at $Melt-175
  • 1925S – Valued at $Melt-2,000+
  • 1926 – Valued at $Melt-400+
  • 1926D – Valued at $Melt-500+
  • 1926S – Valued at $Melt-800+
  • 1927 – Valued at $Melt-2,000+
  • 1927D – Valued at $Melt-5,000+
  • 1927S – Valued at $Melt-10,000+
  • 1928 – Valued at $450-5,000+
  • 1928S – Valued at $Melt-20,000+
  • 1934 – Valued at $Melt-950
  • 1934D – Valued at $Melt-1,500+
  • 1934S – Valued at $80-7,500
  • 1935 – Valued at $Melt-650
  • 1935S – Valued at $Melt-1,250

________________________________________________________________

Whether it be from collector appeal or just overall low mintage numbers, or both, the Peace Dollar has come to contain a great deal of value! Especially for coins that are near pristine condition. I'd like to thank you for reading my article about the Value of Peace Dollars. I hope you have enjoyed the read and will check out more of my coin article below. Thanks again and happy collecting.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)