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 Peace Dollar High Relief Avidly Pursued Key Date MS Type
1921 Peace Dollar High Relief Avidly Pursued Key Date MS Type
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1921 Peace Dollar High Relief Avidly Pursued Gem BU++ Key Date Free Shipping
1921 Peace Dollar High Relief Avidly Pursued Gem BU++ Key Date Free Shipping
$220.00 (31 Bids)
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1921 1922  1923 UNCIRCULATED SILVER DOLLARS MORGAN PEACE 3 COINS FREE SHIPPING
1921 1922 1923 UNCIRCULATED SILVER DOLLARS MORGAN PEACE 3 COINS FREE SHIPPING
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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.

1934 S SILVER PEACE DOLLAR 1 FINE DETAILS POLISHED TOUGHER DATEFREE S H
1934 S SILVER PEACE DOLLAR 1 FINE DETAILS POLISHED TOUGHER DATEFREE S H
$31.00 (9 Bids)
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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
$22.95
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1927 Peace Dollar PCGS MS64
1927 Peace Dollar PCGS MS64
$9.50 (1 Bid)
Time Remaining: 6d 20h 15m
1923 S Peace Dollar
1923 S Peace Dollar
$25.00
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1921 1922  1923 UNCIRCULATED SILVER DOLLARS MORGAN PEACE 3 COINS FREE SHIPPING
1921 1922 1923 UNCIRCULATED SILVER DOLLARS MORGAN PEACE 3 COINS FREE SHIPPING
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1921 SILVER PEACE DOLLAR 1 FINE DETAILS KEY DATE FIRST YEAR TONED FREE S H
1921 SILVER PEACE DOLLAR 1 FINE DETAILS KEY DATE FIRST YEAR TONED FREE S H
$53.56 (14 Bids)
Time Remaining: 1h 54m
1928 Peace Dollar NGC MS61
1928 Peace Dollar NGC MS61
$76.00 (10 Bids)
Time Remaining: 6d 20h 16m
1935 SILVER PEACE DOLLAR 1 VF DETAILS SCARCE DATE FREE SHIPPING
1935 SILVER PEACE DOLLAR 1 VF DETAILS SCARCE DATE FREE SHIPPING
$18.51 (5 Bids)
Time Remaining: 1h 10m
1923 S Peace Dollar PCGS MS64
1923 S Peace Dollar PCGS MS64
$16.50 (2 Bids)
Time Remaining: 6d 20h 12m
1923 D Peace Dollar PCGS MS63
1923 D Peace Dollar PCGS MS63
$15.50 (2 Bids)
Time Remaining: 6d 20h 11m
1922 S SILVER PEACE DOLLAR 1 FINE DETAILS TOUGHER DATEFREE S H
1922 S SILVER PEACE DOLLAR 1 FINE DETAILS TOUGHER DATEFREE S H
$18.00 (15 Bids)
Time Remaining: 1h 14m
1934 Peace Dollar PCGS MS63 CAC
1934 Peace Dollar PCGS MS63 CAC
$15.50 (2 Bids)
Time Remaining: 6d 20h 17m
1926 D Peace Dollar PCGS MS64
1926 D Peace Dollar PCGS MS64
$9.50 (1 Bid)
Time Remaining: 6d 20h 13m
1923 Peace Silver Dollar Choice Bright Uncirculated Nice Free U S Shipping
1923 Peace Silver Dollar Choice Bright Uncirculated Nice Free U S Shipping
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1934 D Peace Dollar PCGS MS64 CAC
1934 D Peace Dollar PCGS MS64 CAC
$34.00 (4 Bids)
Time Remaining: 6d 20h 17m
NICE 1922 SILVER PEACE DOLLAR 1 UNCIRCULATED DETAILS 96 YEARS OLD FREE S H
NICE 1922 SILVER PEACE DOLLAR 1 UNCIRCULATED DETAILS 96 YEARS OLD FREE S H
$23.00 (11 Bids)
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1922 1926 Peace Silver Dollar cull grade   L134
1922 1926 Peace Silver Dollar cull grade L134
$18.00
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1934 SILVER PEACE DOLLAR 1 AU DETAILS SCARCE DATE TONED FREE S H
1934 SILVER PEACE DOLLAR 1 AU DETAILS SCARCE DATE TONED FREE S H
$22.50 (19 Bids)
Time Remaining: 1h 32m
24 COIN PEACE DOLLAR SET INCLUDES 1921 AND 1928 P GREAT SILVER
24 COIN PEACE DOLLAR SET INCLUDES 1921 AND 1928 P GREAT SILVER
$749.95
Time Remaining: 4d 17h 28m
1922 1926 PEACE SILVER DOLLAR BRILLIANT UNCIRCULATED 90 COIN AMAZING
1922 1926 PEACE SILVER DOLLAR BRILLIANT UNCIRCULATED 90 COIN AMAZING
$33.95
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