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 PCGS XF40
1921 Peace Dollar High Relief PCGS XF40
$103.78
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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 1 Peace Silver Dollar Fine Circulated Coin A2133
1921 1 Peace Silver Dollar Fine Circulated Coin A2133
$50.00 (13 Bids)
Time Remaining: 3h 38m

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.

10 Ten Peace Silver Dollars US Coin lot Circulated 23
10 Ten Peace Silver Dollars US Coin lot Circulated 23
$190.00
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1927 Peace Dollar PCGS AU53
1927 Peace Dollar PCGS AU53
$44.66
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Lot of 3 Peace Silver Dollars 90 Silver 1 1922 1 1922 S 1 1922 D
Lot of 3 Peace Silver Dollars 90 Silver 1 1922 1 1922 S 1 1922 D
$55.00 (17 Bids)
Time Remaining: 43m
1922 Peace Dollar PCGS Genuine Cleaning UNC Details
1922 Peace Dollar PCGS Genuine Cleaning UNC Details
$26.00
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1935S Silver Peace Dollar NGC MS63
1935S Silver Peace Dollar NGC MS63
$495.00 (2 Bids)
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1921 Peace Dollar High Relief PCGS XF40
1921 Peace Dollar High Relief PCGS XF40
$103.78
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1922 1 Peace Dollar
1922 1 Peace Dollar
$14.50
Time Remaining: 36m
1934 D PEACE DOLLAR SILVER COIN
1934 D PEACE DOLLAR SILVER COIN
$18.50 (5 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
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1925 US Peace Silver Dollar 1 NGC MS65
1925 US Peace Silver Dollar 1 NGC MS65
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1924 P Peace Dollar SUPERB Silver Coin  No Reserve
1924 P Peace Dollar SUPERB Silver Coin No Reserve
$14.50 (6 Bids)
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5 Morgan and Peace Silver Dollars 1
5 Morgan and Peace Silver Dollars 1
$36.00 (10 Bids)
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1926 Peace Dollar PCGS AU58 MONSTER RAINBOW TONING
1926 Peace Dollar PCGS AU58 MONSTER RAINBOW TONING
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1922 Peace Dollar PCGS MS65 CAC Blast White Gorgeous Luster looks MS66 PQ 14D
1922 Peace Dollar PCGS MS65 CAC Blast White Gorgeous Luster looks MS66 PQ 14D
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1925 Peace Silver Dollar 90 Silver
1925 Peace Silver Dollar 90 Silver
$22.99
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1922 Peace Dollar PCGS MS62 MONSTER RAINBOW TONING
1922 Peace Dollar PCGS MS62 MONSTER RAINBOW TONING
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Lot of 5 Silver Peace Dollars a243
Lot of 5 Silver Peace Dollars a243
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1922 US Peace Silver Dollar UNC
1922 US Peace Silver Dollar UNC
$15.86 (6 Bids)
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1925 P UNC Peace Dollar Silver Coin  SUPERB  RARE  NO RESERVE
1925 P UNC Peace Dollar Silver Coin SUPERB RARE NO RESERVE
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1926 S Liberty Peace Silver Dollar US Coin 3823
1926 S Liberty Peace Silver Dollar US Coin 3823
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