Peace Silver Dollar Values & Mintages
The Peace dollar commemorated the end of the First World War. The 1921 was struck in high relief, which proved hard to produce and the relief was lowered from 1922. Production stopped in 1928, resumed in 1934–1935 and ended there.
- Years
- 1921–present
- Issues listed
- 30
- Lowest mintage
- 361K
- Diameter
- 38.1 mm
Original illustration. Tap to flip.
Like the Morgan, each Peace dollar contains 0.7734 troy ounces of silver. The 1928 Philadelphia issue, with the lowest mintage of the regular series, is the key date. A .999 silver version was issued again from 2021.
Designer: Anthony de Francisci.
Key dates: lowest mintages
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Every Peace Silver Dollar by year and mint
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| Owned✓ | Coin | Year | Mint | Mintage | Type | Silver |
|---|---|---|---|---|---|---|
| 1921 Peace Silver Dollar | 1921 | None | 1,006,473 | Circulation strike | 0.7735 oz | |
| 1922 Peace Silver Dollar | 1922 | None | 51,737,000 | Circulation strike | 0.7735 oz | |
| 1922-D Peace Silver Dollar | 1922 | D | 15,063,000 | Circulation strike | 0.7735 oz | |
| 1922-S Peace Silver Dollar | 1922 | S | 17,475,000 | Circulation strike | 0.7735 oz | |
| 1923 Peace Silver Dollar | 1923 | None | 30,800,000 | Circulation strike | 0.7735 oz | |
| 1923-D Peace Silver Dollar | 1923 | D | 6,811,000 | Circulation strike | 0.7735 oz | |
| 1923-S Peace Silver Dollar | 1923 | S | 19,020,000 | Circulation strike | 0.7735 oz | |
| 1924 Peace Silver Dollar | 1924 | None | 11,811,000 | Circulation strike | 0.7735 oz | |
| 1924-S Peace Silver Dollar | 1924 | S | 1,728,000 | Circulation strike | 0.7735 oz | |
| 1925 Peace Silver Dollar | 1925 | None | 10,198,000 | Circulation strike | 0.7735 oz | |
| 1925-S Peace Silver Dollar | 1925 | S | 1,610,000 | Circulation strike | 0.7735 oz | |
| 1926 Peace Silver Dollar | 1926 | None | 1,939,000 | Circulation strike | 0.7735 oz | |
| 1926-D Peace Silver Dollar | 1926 | D | 2,348,700 | Circulation strike | 0.7735 oz | |
| 1926-S Peace Silver Dollar | 1926 | S | 6,980,000 | Circulation strike | 0.7735 oz | |
| 1927 Peace Silver Dollar | 1927 | None | 848,000 | Circulation strike | 0.7735 oz | |
| 1927-D Peace Silver Dollar | 1927 | D | 1,268,900 | Circulation strike | 0.7735 oz | |
| 1927-S Peace Silver Dollar | 1927 | S | 866,000 | Circulation strike | 0.7735 oz | |
| 1928 Peace Silver Dollar | 1928 | None | 360,649 | Circulation strike | 0.7735 oz | |
| 1928-S Peace Silver Dollar | 1928 | S | 1,632,000 | Circulation strike | 0.7735 oz | |
| 1934 Peace Silver Dollar | 1934 | None | 954,057 | Circulation strike | 0.7735 oz | |
| 1934-D Peace Silver Dollar | 1934 | D | 1,569,500 | Circulation strike | 0.7735 oz | |
| 1934-S Peace Silver Dollar | 1934 | S | 1,011,000 | Circulation strike | 0.7735 oz | |
| 1935 Peace Silver Dollar | 1935 | None | 1,576,000 | Circulation strike | 0.7735 oz | |
| 1935-S Peace Silver Dollar | 1935 | S | 1,964,000 | Circulation strike | 0.7735 oz | |
| 1964-D Peace Silver Dollar (All reported melted) | 1964 | D | 316,106 | Variety | 0.7735 oz | |
| 2021 Peace Silver Dollar Uncirculated | 2021 | None | 200,000 | Collector uncirculated | 0.8585 oz | |
| 2023 Peace Silver Dollar Uncirculated | 2023 | None | 275,000 | Collector uncirculated | 0.8585 oz | |
| 2023-S Peace Silver Dollar Uncirculated | 2023 | S | 650,000 | Collector uncirculated | 0.8585 oz | |
| 2024 Peace Silver Dollar Uncirculated | 2024 | None | 275,000 | Collector uncirculated | 0.8585 oz | |
| 2024-S Peace Silver Dollar Uncirculated | 2024 | S | 562,500 | Collector uncirculated | 0.8585 oz |
Composition by year
| Years | Metal | Weight | Silver |
|---|---|---|---|
| 1921–1935 | 90% silver, 10% copper | 26.73 g | 0.7735 oz |
| 2021–2026 | 99.9% silver | 26.73 g | 0.8585 oz |
Mint mark location
1921–1935: On the reverse, below the word ONE, near the tip of the eagle's wing. Philadelphia coins have no mint mark.
2021–2026: On the reverse, near the eagle's wing.
Grading tips
Wear appears first on the hair above Liberty's ear and on the eagle's wing feathers.
The competition and the broken sword
Collectors led by Farran Zerbe lobbied for a coin to mark the peace after the First World War. A design competition in late 1921 was won by the young sculptor Anthony de Francisci, who used his wife Teresa as the model for Liberty. His original reverse showed the eagle holding a broken sword, a symbol of disarmament. Newspapers read it as a sign of defeat, so the sword was removed before release and the eagle was left clutching an olive branch.
The first coins were struck in the last days of December 1921. The word PEACE appears on the rock where the eagle stands.
From high relief to the final year
The 1921 coins were struck in high relief, which needed extra pressure and wore out dies quickly. The relief was lowered for 1922, the year with the series' highest mintage. Production stopped after 1928, when the Pittman Act's requirements had been met. It resumed in 1934 and 1935 under new silver purchase laws. The 1934-S is scarce in mint state even though worn examples are not hard to find.
Frequently asked questions
What is the rarest Peace Silver Dollar?
By mintage, the scarcest regular circulation issue is the 1928 Peace Silver Dollar with 360,649 struck, followed by the 1927 Peace Silver Dollar (848,000). Survival rates and condition also matter: some higher-mintage dates are scarce in top grades.
Are Peace Silver Dollars silver?
1921–1935: 90% silver, 10% copper; 2021–2026: 99.9% silver.
Where is the mint mark on a Peace Silver Dollar?
1921–1935: On the reverse, below the word ONE, near the tip of the eagle's wing. Philadelphia coins have no mint mark.
2021–2026: On the reverse, near the eagle's wing.
How many Peace Silver Dollars were made?
About 190,577,279 for circulation across 24 date and mint combinations, from 51,737,000 for the 1922 Peace Silver Dollar down to 360,649 for the 1928 Peace Silver Dollar.
Who designed the Peace Silver Dollar?
Anthony de Francisci.
Who was the model for the Peace dollar?
Anthony de Francisci used his wife, Teresa de Francisci, as the model for Liberty's portrait.
Why was the broken sword removed from the Peace dollar?
Critics saw a broken sword as a symbol of defeat, so the Mint removed it from the reverse before the coin was released.
Other dollar coins
Mintages from Wikipedia's US Mint-sourced tables (CC BY-SA 4.0). Specifications from US Mint records. All sources.