Background and History
The Peace silver dollar was issued from December 1921 through 1935. Both the obverse and the reverse were designed by Anthony de Francisci who won a competition sponsored by the Federal Commission of Fine Arts. Lady Liberty portrayed on the obverse was modeled by his 23-year-old wife Teresa Cafarelli. The Pittman Act of 1918 dictated that the United States Treasury strike millions of silver dollars.
However, the new Peace dollar design was not ready for production in early 1921 and Morgan dollars were minted instead.
The first Peace silver dollars produced in 1921 were struck in high relief. This caused a lack of detail in the center of the coins where the relief is the highest. In order to get them to strike up properly, the coins had a be struck with higher than average striking pressure. This increased pressure shortened production die life and increased production cost.
In 1922 the relief was lowered and this yielded better-struck coins and increased the useful life of the coin die. This slight modification of the die design produced a one-year type coin. Many coin collectors that collect coins by type consider this a necessary piece for a type collection of Peace silver dollars. The coins were continuously struck through 1928 and then again in 1934 and 1935.
Peace silver dollars are a popular coin to collect amongst intermediate level coin collectors.
However, beginning coin collectors can start to assemble their collection of lower grade Peace silver dollars. The value of Peace silver dollars is definitely influenced by the grade of the coin.
|Issuing Government||United States of America|
|Denomination||$1.00 (Silver Dollar.)|
|Coinage Type||Peace Dollar|
|Mintage Dates||1921-1935 (None minted: 1929-1933)|
|Production Facilities||Philadelphia, Denver, San Francisco|
|Mint Mark Location||On the reverse below "ONE" and above the eagle's tail|
|Composition||90% Silver, 10% Copper|
|Weight Tolerance (+/-)||0.097 grams|
|Actual Gold Weight ()||0.0000 Troy Ounces (Does not contain any gold)|
|Actual Silver Weight (ASW)||0.7734 Troy Ounces|
|Actual Platinum Weight ()||0.0000 Troy Ounces (Does not contain any platinum)|
|Obverse Description||Liberty, facing left, wearing a diadem of spikes. LIBERTY is above, while IN GOD WE TRUST and the date are below.|
|Obverse Designer||Anthony DeFrancisci|
|Reverse Description||Eagle perched on a rock, with a laurel branch, and with PEACE inscribed below. UNITED STATES OF AMERICA and E PLURIBUS UNUM are above, ONE DOLLAR is in the center. Rays of sun from below the horizon emanate from the lower right.|
|Reverse Designer||Anthony DeFrancisci|
|(Krause-Mishler Catalog No.)||150|
|Notes||1921 issues have a higher relief than subsequent issues.|
Production Years, Mints and Types
The Peace silver dollars were minted from 1921 until 1935. However, Peace dollars were not produced in every year as indicated in the table below.
|1921 Proof||Philadelphia||Matte Proof|
|1922 High Rel.||Philadelphia||Most, if not all, melted at the Mint.|
|1922 Proof||Philadelphia||Matte Proof; High Relief|
|1935||San Francisco||3 RaysThree rays below ONE on the reverse|
|1935||San Francisco||4 RaysFour rays below ONE on the reverse|
Errors and Varieties
Coin collectors look for the following popular Peace silver dollar errors and varieties. These coins usually carry a premium and are valued above a common coin. Intermediate coin collectors will learn to recognize these key dates, rarities, and varieties for the Peace silver dollar.
|1934||Denver||D||Doubled Die Obv|
|1935||San Francisco||S||4 Rays||4 rays below "ONE"|
Peace silver dollars were minted at three different United States Mint facilities: Philadelphia, Denver, and San Francisco. Production quantities varied across the different mints, however, where possible production numbers by strike type are noted.
|1922||Philadelphia||35,401||Most, if not all, melted at the mint.|
|1922 Proof||Philadelphia||35,401||Matte Proof; High Relief|
Suggested Books on Peace silver dollar
- A Guide Book of United States Coins (The Red Book); Yeoman, R. S., (Kenneth Bressett, Editor); Whitman Publishing, Atlanta (annual).
- Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins; Walter Breen; Publisher: Doubleday; 1 edition (May 1, 1988); ISBN-10: 0385142072; ISBN-13: 978-0385142076
- Comprehensive Catalog and Encyclopedia of Morgan & Peace Dollars; 4th Edition. Van Allen, Leroy C. & Mallis, A. George, Worldwide Ventures, Inc, Orlando, FL, 1998; ISBN-10: 0966016823; ISBN-13: 978-0966016826
- Cherrypickers' Guide to Rare Die Varieties of United States Coins: Volume II; Fivaz, Bill, and J.T. Stanton; Publisher: Whitman Publishing, Atlanta (2006); ISBN-10: 0794820530; ISBN-13: 978-0794820534
- The Official Guide to The Top 50 Peace Dollar Varieties; Oxman, Jeff & Dr. David Close. The Society of Silver Dollar Collectors, North Hills, CA, 2002