Facebook PixelPeace Dollar (1921-1935) - History, Design & Rare Varieties
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Peace Dollars (1921-1935)

Peace Dollars (1921-1935) - 1
Peace Dollars (1921-1935) - 2

Image Courtesy of Professional Coin Grading Service (PCGS.com)

Peace Dollar

The Peace Dollar is one of the most famous silver coins in American history. It was struck sometime between 1921 and 1935. This lovely coin was created to honour the end of World War I and represents peace and strength.

After World War I ended in 1918, there was a strong desire to create a currency that would represent America's commitment to peace. The Pittman Act of 1918 required that millions of silver coins be melted down and reprinted. This act allowed to produce the Peace Dollar, which was used as a replacement for the Morgan Dollar. In December 1921, the first Peace Silver Dollar was produced. Anthony DeFrancisci is the designer of this.

  • The Peace Dollar’s obverse portrays the head and neck of the Goddess Liberty. Her hair is flowing, and she has a colourful crown on her head, which gives her a profile posture. LIBERTY is positioned above, while IN GOD WE TRUST and the date are positioned below.
  • On the other side, there is an eagle perched on a rock with a laurel branch, and the word "PEACE" is inscribed beneath it. The phrase "ONE DOLLAR" can be seen directly below the middle of the image, while the phrases "UNITED STATES OF AMERICA" and "E PLURIBUS UNUM" are positioned above it. Illumination from the concealed sun is shining from the lower right.

Important Dates and Categories

The Peace Dollar was produced from 1921 until 1928, and then it was brought again for a short time between 1934 and 1935. The following are some of the most significant problems:

  • • 1921 High Relief: The initial year of production had a high-relief design that was difficult to strike precisely. This variety is of great interest to collectors.
  • • 1928 Peace Dollar: This year had the lowest mintage of the series, which is why it is considered one of the most expensive Peace Dollars.
  • • 1934-S Peace Dollar: A date that is important since there are not many coins that were made, and coin collectors want them a lot.

Because of its age, the Peace dollar is also a popular option for coin collectors. This coin has been around for over 100 years, and many of them are still in fine condition. It is hardly surprising that so many collectors would want to buy and retain the coins, considering their rich cultural background, design, and silver content.

Examples that are high-relief and low-mintage, especially those that are uncirculated, are sold at a higher price than usual. Additionally, their silver content provides them with intrinsic value, making them a reliable investment during periods of economic instability.