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Peace Dollar Key Dates: Valuable Coins?

Updated on February 27, 2014

Peace Dollars: The Key Dates

The Peace Dollar is one of the most beloved United States coins of the Twentieth Century. Although it was only minted for ten years, it is a favorite of many collectors for its beauty and its nostalgic value since it was the main dollar coin throughout the Great Depression and World War II. Many a soldier, airman, or sailor (including my own father) carried one in his pocket from the time he enlisted until he came home after VJ Day. And the interest of many collectors of the next generation was piqued by that coin in Dad's pocket!

As the country has gone through some difficult economic times the Peace Dollar is one of those coins that has come into prominence again due to the fact that it is one of the true Silver Dollars the Mint has produced, the coin's composition being 90% Silver, 10% Copper by weight. A Peace Dollar weighs one ounce, and so it contains 9/10 of an ounce of Silver.

The 1921 Peace Dollar - First Year of the Series

1921 Peace Dollar
1921 Peace Dollar

Very Few Were Made

The first Peace Dollar was struck at 8:30 a.m., December 26, 1921, and production continued until the end of the year. In those few days, 1,006,473 Peace Dollars were struck.

The Peace Dollar was intended to commemorate both the end of World War I and the Conference on the Limitation of Armaments, which the Harding Administration felt was a major diplomatic victory in limiting the navies of the principal countries of the world to certain tonnages of ships. They thought that by limiting these armaments it would automatically prevent future wars.

There Was a Design Change in Year 2!

Peace Dollar Changes 1921 to 1922. High Relief to Low Relief
Peace Dollar Changes 1921 to 1922. High Relief to Low Relief

The design

The 1928 Peace Dollar

1928 Peace Dollar
1928 Peace Dollar

Extremely Low Mintage

The 1928 Peace Dollar minted in Philadelphia Mint is considered the key date of the series. It has the lowest production figures, with just 360,649 coins minted for circulation. Realizing this, many people saved the coins. Consequently, 1928-P Peace Dollars are still relatively available across the grading spectrum.

One of the problems with the 1928-P is that it commonly has Strength of Strike issues.

1924-S

1924-S Peace Dollar
1924-S Peace Dollar

1,728,000 Peace Dollars were minted in San Francisco during 1924.

1925-S

1925-S Peace Dollar, Peace Dollar Key Date
1925-S Peace Dollar, Peace Dollar Key Date

The San Francisco Mint produced 1,610,000 Peace Dollars in 1925.

The Designer, The Model, and the Design

Designer
Designer

Anthony de Francisci's design featured his rendition of Lady Liberty on the obverse.

Which 20th Centrury Dollar is Your Favorite?

Twentieth Century Dollar Coins
Twentieth Century Dollar Coins

An Invaluable Reference for Peace Dollars

The Official Red Book series is full of wonderful reference books on individual coins, and this may be my favorite! A very illustrative and well written book encompassing not only Peace dollars, but history of the US Mint itself. Lots of information, great reading.

Bowers Series: A Guide Book of Peace Dollars (Bowers (Burdette))
Bowers Series: A Guide Book of Peace Dollars (Bowers (Burdette))

This book covers every date and mint mark of America's last 90% silver dollar, which began as a commemorative of peace after the tribulations of World War One. The book also studies the mysterious 1964-D Peace Dollar, as well as proofs, patterns, trial pieces, errors and misstrikes, countermarks, die varieties, and famous collections.

 

Morgan and Peace Dollars Analyzed

This is one of the first references discussing Prooflike Morgan Dollars. It was published in the late 70's as an update to Wayne Millers "An Analysis of Morgan and Peace Dollars"

The Morgan and Peace Dollar Textbook
The Morgan and Peace Dollar Textbook

The author discusses the differences in the minting standards between the different mints as well as the minting process itself. He also lists each date (and mint) and discusses the relative rarity of prooflikes (and regular strikes). Even though the coin market has moves substantially since the book was published, the material presented is extraordinarily valuable. This is a great book to have in your coin library.

 

And Your Favorite Is?

What is Your Favorite Twentieth Century Dollar Coin Design

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Is Your Collection Complete

How Many Peace Dollars Do You Need to Complete Your Collection?

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