1927 Peace Silver Dollar
Circulation strike struck at the Philadelphia Mint · 848,000 made
- Mintage
- 848,000
- Metal
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1927 Peace Silver Dollar worth?
It's scarcer than a typical date, so even circulated examples sell above face and above their metal value. The best uncirculated coins are where the money is.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1927 Peace Silver Dollar rare?
- Somewhat. 848,000 were made, fewer than most dates, so collectors treat it as a semi-key.
- Is the 1927 Peace Silver Dollar silver?
- Yes. It's 90% silver, 10% copper and holds 0.7735 troy ounces of pure silver.
- Where is the mint mark on a 1927 Peace Silver Dollar?
- On the reverse, below the word ONE, near the tip of the eagle's wing. Philadelphia coins have no mint mark.
- Which Philadelphia dates near 1927 are scarcer?
- The 1928 at 360,649. So the 1927 is on the scarcer side for those years.
- How many 1927 Peace Silver Dollar coins were made?
- 848,000.
What to check on your 1927
- There's no mint mark on this one, so the date and condition are what matter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Judge the grade under good light. Wear appears first on the hair above Liberty's ear and on the eagle's wing feathers.
Never clean it. Collectors pay strong premiums for original surfaces and natural toning on a date like this. A cleaned coin can lose half its value or more.
The story of the 1927
Output at Philadelphia slipped to 848,000 in 1927, from 1.9 million the year before. In 1928 the figure was 360,649.
1927-S came to 866,000 and 1927-D came to 1.3 million, so neither mint's 1927 coin is much scarcer than the other. In the whole series, its mintage sits closest to the 1934 (954,057) and the 1921 (1,006,473).
Only the 1928 has a lower mintage among Philadelphia's 10 Peace Silver Dollars. Among the 1920s issues, only the 1928 had a smaller run.
More on the 1927
Philadelphia's 848,000 Peace dollars of 1927 came in the second-to-last year of the big postwar silver dollar program. The next year Philadelphia struck its final coins of that run; then the presses stayed quiet for dollars until 1934. All three mints stayed under 1.3 million in 1927, with San Francisco at 866,000 and Denver at 1,268,900.
Low mintage doesn't make the 1927 a great rarity. It's a semi-key that's within reach in circulated and lower uncirculated grades, with the premium climbing steeply for coins with full, frosty luster. Peace dollars have a satiny shine rather than a mirror finish, so a 1927 that looks unusually glossy or has fine parallel lines in the fields has probably been polished. Collectors avoid those. Check the cheek and the eagle's shoulder for marks, then confirm there's no mint mark below ONE. Even a worn 1927 sells above metal value; an original uncirculated coin carries a solid collector premium.
Pittman Act coinage winds down (1923 to 1928)
Peace dollars continued in large numbers to replace the coins melted under the Pittman Act, with Philadelphia striking 30.8 million in 1923. Output fell after that year. San Francisco's 1924-S and 1925-S, each under two million, are scarce in high grades. Denver made no dollars in 1924 or 1925.
The 1927 issues from all three mints are relatively scarce. The 1928 from Philadelphia, with only 360,649 struck, is the lowest mintage of the series and is often confused with the more common 1928-S. Pittman purchases were complete in 1928 and coinage stopped. San Francisco dollars of these years are often softly struck. Many survivors show heavy bag marks from storage in Treasury vaults. Bags of Peace dollars also emerged in the Treasury releases of the early 1960s.
How to recognize it
Anthony de Francisci's Liberty faces left wearing a crown of light rays, with LIBERTY above and the date below. The reverse shows an eagle at rest on a mountaintop, holding an olive branch, as the sun rises behind it, with the word PEACE on the rock. The mint mark is below the word ONE, near the tip of the eagle's wing.
Mintage chart
Specifications
| Series | Peace Silver Dollar (1921–present) |
|---|---|
| Year | 1927 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 848,000 |
| Face value | $1 |
| Composition | 90% silver, 10% copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Silver content | 0.7735 troy oz (24.057 g) |
| Designer | Anthony de Francisci |
Other 1927 Peace Silver Dollar issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1927 Peace Silver Dollar | 848,000 | Circulation strike | 0.7735 oz |
| 1927-D Peace Silver Dollar | 1,268,900 | Circulation strike | 0.7735 oz |
| 1927-S Peace Silver Dollar | 866,000 | Circulation strike | 0.7735 oz |
Mintage: Peace dollar (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.