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 1 Peace Dollar
1921 1 Peace Dollar
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1921 Peace Dollar high relief nice coin 1
1921 Peace Dollar high relief nice coin 1
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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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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.

1923 US Peace Silver Dollar 1 NGC MS63
1923 US Peace Silver Dollar 1 NGC MS63
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RANDOM DATE 1922 1935 Peace Silver Dollar 1 Coin VG XF Grades SKU28606
RANDOM DATE 1922 1935 Peace Silver Dollar 1 Coin VG XF Grades SKU28606
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SALE 1923 1 Silver Peace Dollar PCGS MS63
SALE 1923 1 Silver Peace Dollar PCGS MS63
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1926 D Peace Dollar S1 NGC MS62
1926 D Peace Dollar S1 NGC MS62
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1922 US Peace Silver Dollar 1 NGC MS63
1922 US Peace Silver Dollar 1 NGC MS63
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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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1922 P Toned Peace Silver Dollar ItemM1118
1922 P Toned Peace Silver Dollar ItemM1118
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1923 Silver Peace Dollar MS64 PCGS Blue Label
1923 Silver Peace Dollar MS64 PCGS Blue Label
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A Lot of 5 Circulated 1 Silver Peace Dollars
A Lot of 5 Circulated 1 Silver Peace Dollars
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1927 D PEACE SILVER DOLLAR SCARCE DATE FREE SHIPPING
1927 D PEACE SILVER DOLLAR SCARCE DATE FREE SHIPPING
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1922 1 Silver Peace Dollar NGC MS64
1922 1 Silver Peace Dollar NGC MS64
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1922 S 1 Peace Silver Dollar 62300
1922 S 1 Peace Silver Dollar 62300
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1935 MS 63 Peace Dollar Semi Key Date
1935 MS 63 Peace Dollar Semi Key Date
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PEACE DOLLAR US 90 Silver 1 Coin VG XF
PEACE DOLLAR US 90 Silver 1 Coin VG XF
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1923 S 1 Peace Dollar PCGS MS63
1923 S 1 Peace Dollar PCGS MS63
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BU 1922 Peace Silver Dollar Uncirculated Philadelphia Mint Dollar 9417
BU 1922 Peace Silver Dollar Uncirculated Philadelphia Mint Dollar 9417
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1921 1 Peace Dollar
1921 1 Peace Dollar
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1922 US Peace Silver Dollar 1 NGC Brilliant Uncirculated
1922 US Peace Silver Dollar 1 NGC Brilliant Uncirculated
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Peace Dollar 1 One Liberty Coin 90 Silver 1923 1924 Collection of 88 Total
Peace Dollar 1 One Liberty Coin 90 Silver 1923 1924 Collection of 88 Total
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Estate Lot of 1  2 Series Of 1928 Notes  Silver Peace Dollar
Estate Lot of 1 2 Series Of 1928 Notes Silver Peace Dollar
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