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 Key Date NGC Unc Details High Grade White Coin
1921 Peace Dollar High Relief Key Date NGC Unc Details High Grade White Coin
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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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Peace Silver Dollar From 1921 1935
Peace Silver Dollar From 1921 1935
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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.

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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1922 Peace Silver Dollar PCGS Graded MS 65 GEM Orange Lustrous Reverse
1922 Peace Silver Dollar PCGS Graded MS 65 GEM Orange Lustrous Reverse
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1924 Peace Dollar Nice
1924 Peace Dollar Nice
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1923 Peace Dollar PCGS MS64+ Plus
1923 Peace Dollar PCGS MS64+ Plus
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1928 S PEACE DOLLAR GEM BU
1928 S PEACE DOLLAR GEM BU
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Peace Dollar 1926 S
Peace Dollar 1926 S
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1923 PEACE SILVER DOLLAR NICE LUSTER + FREE SHIPPING
1923 PEACE SILVER DOLLAR NICE LUSTER + FREE SHIPPING
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1923 Peace Dollar UNC MS Deep True Color Toning 1 16 1
1923 Peace Dollar UNC MS Deep True Color Toning 1 16 1
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Silver Peace Dollar VG+ Lot of 5
Silver Peace Dollar VG+ Lot of 5
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Peace Silver Dollars US Coin lot Circulated Choose How Many FREE SHIPPING
Peace Silver Dollars US Coin lot Circulated Choose How Many FREE SHIPPING
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1923 P 1 Peace Silver Dollar
1923 P 1 Peace Silver Dollar
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1935 S Peace Dollar Better Date Raw Strong AU
1935 S Peace Dollar Better Date Raw Strong AU
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Peace Silver Dollar From 1921 1935
Peace Silver Dollar From 1921 1935
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Lot of Five 1922 1925 Peace Silver Dollars Various grades
Lot of Five 1922 1925 Peace Silver Dollars Various grades
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1922 1926 Peace Silver Dollar cull grade   L134
1922 1926 Peace Silver Dollar cull grade L134
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1921 Peace Silver Dollar
1921 Peace Silver Dollar
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1934 D Peace Dollar Raw Strong AU
1934 D Peace Dollar Raw Strong AU
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1926 P Peace Silver Dollar AU 1 About Uncirculated
1926 P Peace Silver Dollar AU 1 About Uncirculated
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1925 Peace Dollar 1 MS 64 NGC
1925 Peace Dollar 1 MS 64 NGC
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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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