Peace Dollar (1921-1935)

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Collect

Peace dollars are one of my personal favorites. They are a beautiful Francisci design, and in my opinion, the best looking circulated dollar produced by the US mint.

One of the reasons that this is a great place to start a collection is that they were produced for so few years. With so few years of production, the entire set is relatively small. There are a few key dates that will cost more to obtain, but for the overall value, quality, and the abundance of coins, most of the set can be obtained for a reasonable price.

Key dates:

1921 coin was issued as a high relief, and not in great numbers as it took over from the Morgan Dollar. These are fairly rare and bring a decent price, albeit affordable. (MS60 $258 FMV in 2008)*
1922 High relief was deemed impractical and the 35, 401 coins that were minted were mostly melted. These coins are incredibly rare. I wouldn't consider these a part of the set since they are nearly impossible to find.
1924 S is another of the key dates, but probably the easiest and most affordable. (MS60 $192 FMV in 2008)*
1928 with the onset of the great dpression only 360,649 were minted. (MS60 $570 FMV in 2008)*
1934 S is the last key date, and the most expensive in higher grades. (MS60 $1710 FMV in 2008)*

*Fair Market Value dollars obtained from Numismedia.com Peace Dollar Price Guide on November 1, 2008 and should only be used as an example. Prices vary greatly based on condition and availability.

History

The Peace Dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.

Designed by Anthony de Francisci, the Peace Dollar was so named because the word PEACE appears on the bottom of the coin's reverse. It contains 0.77344 troy ounces of silver, and was the successor to the Morgan Dollar, which had not been regularly minted since 1904. With the passage of the Pittman Act in 1918, the mintage of dollar coins was enabled to start again. Prior to the design and acceptance of the Peace Dollar, the Morgan Dollar was minted again in 1921.

After a six-year pause in minting, the Peace Dollar was again minted in 1934 and 1935. It was minted briefly in 1965 (dated 1964), but no examples of this issue were ever released to the public and the entire mintage was melted. The Peace Dollar is the last silver dollar minted for circulation in the United States.

Description Information from wikipedia Peace Dollar page

Check out these other resources for more info.

Click Here - The Wikipedia page on the Peace Dollar coins contains a great deal of information and details.
Click Here - Coinfacts page for the Peace Dollar

Specs

Sculptor Obverse: Anthony de Francisci	Sculptor Reverse: Anthony de Francisci
Weight: 26.73 grams	Diameter: 38.1 mm
Thickness: 2 mm	Composition: 90% Silver, 10% Copper

Mints

Peace Dollar Mint Mark - Image courtesy of coinpage.com The Peace Dollar was minted in Denver (D), Philadelphia, and San Francisco(S). The Philadelphia minted coins do not contain a mint mark.

The mint mark can be found on the reverse side below the ONE.

There are both large and small mintmark varieties for 1934 D. Both varieties are similar in value.

What's it worth?

So what's my coin worth?

Here are a few of my favorite free guides for estimating the value of your Peace Dollar.

Click Here - Numismedia Fair Market Value page for Good to MS60 Peace Dollar coins. This guide is the FMV for NGC graded coins.
Click Here - Numismedia Fair Market Value page for MS61 to MS70 Peace Dollar coins. This guide is the FMV for NGC graded coins.
Click Here - PCGS Peace Dollars Price Guide. This guide is the guide for PCGS graded coins

Click the sliders below for more information on how to estimate the value of your coins.

Determine what you have

Coin type(Dollar), Coin Set(Peace Dollar), Year(1922), Mintmark(S)
If you don't know what coin you have, try using the coin catalog to find a picture.
If you have a Peace Dollar, go to the next step and grade your coin. If not, find your coin and use that grade guide
Keep in mind any errors or varieties for your coin when looking for the value. You never know, you might have a rare find.

Determine the Grade of your Peace Dollar

The grade of your coin is probably the most important aspect in valuating your coin. It can also be the most subjective.

Click Here for general grading guidelines.

What Value do you want?

Now that you understand what coin you have, and an approximate grade for the coin, ask yourself why you want the value.

I want to sell it - If you want to sell your Peace Dollar, understand that dealers won't likely give you full red book or full graded price for the coin. They need to make a profit too. EBay is always a good option, but you may not get as much as the power sellers with thousands of positive reviews. Be realistic about how much you will get for selling the coin, and use the price guides as good references.
I want to buy it - Arm yourself with as much information as you can. Just like above, the dealers aren't going to pay full red book for the coin, so there may just be some wiggle room. The key is to know what you want, and understand roughly how much it should go for. If you find a coin that you just have to have, this may help you from paying too much for it.
Insurance - If you are looking at the value of the coin for insurance, you may want to use these guide values or get a professional appraisal from a dealer. It's important to note that you need to insure for what it will cost to replace the coin. That is likely closer to Red Book, Numismedia, or PCGS price guides.

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