Peace Silver Dollars: An Overview Of The Series

Peace silver dollars are one of the most popular, desirable, and highly collected series of US Coins, but it is a coin that needed a variety of factors to converge to allow it to be minted.

From 1905 until 1921, the US Mint did not mint any silver dollars. Production of the Morgan silver dollar had been suspended in 1904. Demand for silver dollars was low, and no further production was required.

The combination of a piece of legislation called the Pittman Act and the desire to commemorate world peace with a coin after WWI ended set the stage for Peace Silver Dollars to be minted starting in 1921.

The Pittman act was designed as a way for Congress to provide a subsidy to the mining industry. It called for 3500,000,000 existing Morgan dollars to be melted for bullion, and for Congress to purchase a like amount of silver from the silver mines at $1 an ounce to use to produce NEW silver dollars. Since a silver dollar contains .77 ounces of silver, the remaining 23 cents on each purchase was the mining subsidy.

In 1921 Morgan Dollar production resumed at all 3 mints, with a total of 86 million coins produced.

1921 United States Peace silver dollar 65452
1921 United States Peace silver dollar 65452
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20 Mixed Cull 1921 Morgan  Peace Silver Dollars Free Priority Mail Shipping
20 Mixed Cull 1921 Morgan Peace Silver Dollars Free Priority Mail Shipping
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1921 peace dollar
1921 peace dollar
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At the same time, noted medal designer Anthony DeFrancisci was working on the design for the coin to commemorate world peace. This is the design that would be used to produce Peace Silver Dollars.

It differed from the Morgan design in several ways. First, it had Liberty facing left on the obverse. Until then all depictions of Liberty on US coins had her facing right. She also has a crown of rays that had never been used before. This is one of the things that makes Peace Silver Dollars unique and desirable.

On the reverse the Eagle is standing on a mound with wings folded. This is another notable difference. Until then the eagle on all US coins was depicted with wings outstretched or flying. The mound contained the word PEACE, & has rays extending out from it, giving the Peace Silver Dollars their name.

The third major difference was the relief of the coin. Being a medal designer, DeFrancisci designed the Peace  Silver Dollars with the high relief of a medal. This had never been tried with a US coin before and makes the design unique.

Production of Peace Silver Dollars began with the 1921 Peace Silver Dollars was halted after 1928, due to the requirements of the Pittman Act being met.  Peace Silver Dollars made a brief reappearance in 1934 and 1935, and then production was ceased. Plans were made to renew the series in 1964, but  the 1964 Peace Silver Dollars that were minted were melted and never released to the public. This makes Peace Silver Dollars the last TRUE silver dollars to be minted in the US.  Production strikes of Eisenhower, Susan B. Anthony, Sacagawea, and Presidential dollars are all clad coins with no silver content.

Lot of 4 Silver Dollars 1921 D 1921 S Morgan Dollars 1923 S Peace Dollar at 10
Lot of 4 Silver Dollars 1921 D 1921 S Morgan Dollars 1923 S Peace Dollar at 10
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1921 Peace Dollar High Relief PCGS AU58
1921 Peace Dollar High Relief PCGS AU58
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1923 Silver Peace Dollars 6 Silver Peace Dollars
1923 Silver Peace Dollars 6 Silver Peace Dollars
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1922 Silver Peace Dollar 3 Three 1922 Silver Peace Dollars
1922 Silver Peace Dollar 3 Three 1922 Silver Peace Dollars
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1923 Silver Peace Dollar Binion Collection MS 64
1923 Silver Peace Dollar Binion Collection MS 64
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1922 1926 PEACE SILVER DOLLAR VERY GOOD EXTRA FINE 90 COIN
1922 1926 PEACE SILVER DOLLAR VERY GOOD EXTRA FINE 90 COIN
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1925 PEACE SILVER DOLLAR 1 PCGS CERTIFIED MS 65 MINT STATE 529
1925 PEACE SILVER DOLLAR 1 PCGS CERTIFIED MS 65 MINT STATE 529
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Lot of 4 Peace Silver Dollars 1922 D 1923 D 1923 S 1934 D Circulated jl 1
Lot of 4 Peace Silver Dollars 1922 D 1923 D 1923 S 1934 D Circulated jl 1
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Silver Morgan and Peace Dollar Polished Cull Lot of 5
Silver Morgan and Peace Dollar Polished Cull Lot of 5
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1921 United States Peace silver dollar 65452
1921 United States Peace silver dollar 65452
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1923 S Peace Dollar MS63 PCGS Mint State 63
1923 S Peace Dollar MS63 PCGS Mint State 63
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1922 US Peace Silver Dollar 1 PCGS MS64
1922 US Peace Silver Dollar 1 PCGS MS64
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Lightly Toned 1926 D Peace Silver Dollar ANACS Graded MS64 Accurately Graded Gem
Lightly Toned 1926 D Peace Silver Dollar ANACS Graded MS64 Accurately Graded Gem
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Uncirculated Binion Silver Hoard Collection Type Set 1923 Peace Dollar NGC
Uncirculated Binion Silver Hoard Collection Type Set 1923 Peace Dollar NGC
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1934 D Silver Peace Dollar NGC AU 53 RADIANCE
1934 D Silver Peace Dollar NGC AU 53 RADIANCE
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1924 US Peace Silver Dollar 1 PCGS MS64
1924 US Peace Silver Dollar 1 PCGS MS64
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1922 Peace Dollar MS65 PCGS Mint State 65
1922 Peace Dollar MS65 PCGS Mint State 65
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X212 1935 Peace Silver Dollar AU BU
X212 1935 Peace Silver Dollar AU BU
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1922 P Silver Peace Dollars BU 2 Coins Great Luster
1922 P Silver Peace Dollars BU 2 Coins Great Luster
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1927 S Silver Peace Dollar Rare Key Date
1927 S Silver Peace Dollar Rare Key Date
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