A Profile of the Peace Silver Dollar

Specifications, Details and General Information

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.

Detailed Specifications

Issuing GovernmentUnited 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 26.730 grams
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)
Specific Gravity 10.340
Diameter38.10 mm 
Thickness 2.40 mm 
Edge TypeReeded
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 ProofPhiladelphiaMatte Proof
1921 ProofPhiladelphiaSatin
1922 High Rel.PhiladelphiaMost, if not all, melted at the Mint.
1922 ProofPhiladelphiaMatte Proof; High Relief
1922San Francisco 
1923San Francisco 
1924San Francisco 
1925San Francisco 
1926San Francisco 
1927San Francisco 
1928San Francisco 
1934DenverSmall D
1934DenverLarge D
1934San Francisco 
1935San Francisco3 RaysThree rays below ONE on the reverse
1935San Francisco4 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.

YearMintMint MarkError/VarietyNotes/Description
1934DenverDDoubled Die Obv 
1935San FranciscoS4 Rays4 rays below "ONE"

Mintage Figures

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. 

YearMintMint MarkMintageNotes
High Relief    
1921Philadelphia 1,006,470 
1922Philadelphia 35,401Most, if not all, melted at the mint.
Low Relief    
1922Philadelphia 51,737,000 
1922 ProofPhiladelphia 35,401Matte Proof; High Relief
1922San FranciscoS17,475,000 
1923Philadelphia 30,800,000 
1923San FranciscoS19,020,000 
1924Philadelphia 11,811,000 
1924San FranciscoS1,728,000 
YearMintMint MarkMintageNotes
1925Philadelphia 10,198,000 
1925San FranciscoS1,610,000 
1926Philadelphia 1,939,000 
1926San FranciscoS6,980,000 
1927Philadelphia 848,000 
1927San FranciscoS866,000 
1928Philadelphia 360,649 
1928San FranciscoS1,632,000 
1934Philadelphia 954,057 
1934San FranciscoS1,011,000 
1935Philadelphia 1,576,000 
1935San FranciscoS1,964,000 

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).
    Compare Prices
  • 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
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  • 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
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  • 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
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  • 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