¬ "V" in TRVST is normal
¬ Liberty's Head
PEACE SILVER DOLLARS 1921-1935
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Fields ®
Crown ®
¬ Rays
PEACE SILVER DOLLARS 1921-1935
Designer Initials 'AF' ®
Mint Mark Location ®
¬ Eagle's Feathers High Point
Hair High Point ®
PEACE DOLLAR FACTS & SPECIFICATIONS:
Peace Silver Dollars where minted from 1921-1928 / 1934-1935 & 1964. The Peace Dollar was issued in response to the end of World War I, hence the name Peace Dollar. The minting of the Peace Dollar was allowed due to the Pittman Act of which allowed 35 million silver dollars, held in vaults, to be melted (most of these where Morgan Dollars).
It's fascinating to think of what rare and valuable Morgan Dollar dates that might have been melted just to make a common 1922 or 1923 Peace Dollar. But, at the time, this wasn't even considered, when millions of Morgan Dollars were stored in bags and boxes in the basement of the U.S. mints.
The were Peace Dollars minted in 1964 but none were were released for circulation. Eventually all specimens were melted, and no surviving specimens have been reported. However, rumors persist there may be some surviving examples of the 300,000+ struck 1964-D.
This dollar was struck at the following US Mints: San Francisco "S", Denver "D", Philadelphia "P" or "Plain" (no mint mark on coin). The 1921 was struck with a High-Relief design, and look smashed on the hair lining the cheek of Liberty's Head. This High Relief design was halted for the 1922 series, but there are rare High Relief 1922 examples to be found.
Peace Dollars have never been as popular as the Morgan, but certain dates have been sought after over the years like 1928, 1921, 1927 dates and mints, and the 1934-S in the higher grades. Of course, any of the dates with mint marks, in high grades, bring a premium.
Peace Dollar Proofs where only struck in 1921 and 1922, but are rare, and highly sought after.
Another aspect that has help the popularity of this series is their VAM attributions. A VAM is an acronym for Leroy Allen and A. George Mallis who where numismatic authors and researchers. Together they discovered many Peace varieties, or slight details and differences in the die strikes of each date. VAM collecting is a very popular, and often lucrative, cherry pickers dream. Here is link to help identify a VAM you may own or want to find... VAM Link.
Cherry Picker's List:
1921 The 1921 is a high relief coin, notice the “smashed” hair.
1921 Matte Proof estimated mintage 15. Watch for fakes. A fake matte or satin proof will have their respective marks inside any contact marks, where someone applied the finish to a business strike 1921. A true proof's contact marks will not retain their finish inside their contact marks. Picture below.
1921 Satin Proof estimated mintage 10-12. Picture below.
1922 high relief is known as a matte finish proof and values begin at $65,000 in MS60.
1928-P Key Date
1928-S Semi-Key Date
1934-S Semi-Key Date
1927-D, 1927-S, 1926-D, 1924-S, 1923-D, 1934-P, 1935-S other better dates especially in the higher grades.
1935-S Found with either three or four rays below ONE on the reverse.
1964-D All of these were believed to have been destroyed before they were released to the public.
SPECIFICATIONS:
Designer: Anthony de Francisci
Diameter: 38.5 millimeters
Metal Content:
Silver - 90%
Copper - 10%
Weight: 412.5 grains (26.7 grams)
Edge: Reeded
Mint mark: None (for Philadelphia) below the ONE on the reverse
Date/Mint Mark
|
Mintage
|
Grade
|
Value
|
1921
|
1,006,473
|
VG
|
$135
|
1922 High Relief Matte Proof
|
10
|
MS60
|
$65,000
|
1924-S
|
1,728,000
|
VG
|
$38
|
1925-S
|
1,610,000
|
VG
|
$27
|
1927
|
848,000
|
VG
|
$35
|
1927-D
|
1,268,900
|
VG
|
$35
|
1927-S
|
866,000
|
VG
|
$35
|
1928
|
360,649
|
VG
|
$450
|
1928-S
|
1,632,000
|
VG
|
$35
|
1934
|
954,057
|
VG
|
$25
|
1934-D
|
1,569,500
|
VG
|
$25
|
1934-S
|
1,011,000
|
VG
|
$45
|
1935
|
1,576,000
|
VG
|
$25
|
1935-S
|
1,964,000
|
VG
|
$25
|
1964-D
|
316,076 (All thought to be melted)
|
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VAMS
|
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1921 Ray Over L
|
VG
|
$90
|
|
1922 Ear Ring
|
VG
|
$100
|
|
1923 Tail O
|
VG
|
$200
|
|
1924 Broken Wing
|
VG
|
$75
|
|
1934-D Doubled Die Obverse, Micro D
|
VG
|
$350
|
|
As stated before, if your date and mint is not listed, the VG value starts at $22 for common Peace Dollars.
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A Little Note Before Using This Price Guide:
The below values are just a guide of what the particular date and mint has sold for, and not what a dealer will pay for the coin. A collector should consult The Official Coin Blue Book for values dealers might pay. The list is a compilation of the most rare dates and of the most valuable and recognized VAMS only. If a date and mint is not listed then it's considered common and the value for common Peace Dollars is $22.00 in VG.
Each value is for a coin that will Grade in Very Good (VG) condition, and as the grade (that's not listed) increases so shall the value of that particular coin. Also, a coin that's not listed with a mint mark is referred to as 'P' or 'Plain' and was struck at the Philadelphia Mint were they didn't put a mint mark on Peace Dollars.
Further research should be considered, besides the aforementioned Blue Book, before determining the actual value of a particular date, mint and grade of a Peace Dollar. For example, CDN or The Coin Dealer News Letter (Greysheet), The Red Book (The official Guide Book Of United States Coins), ebay completed auctions, ads in coin publications with a list of what the dealer is paying, or a trustworthy, local dealer.
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