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 NGC AU53 HIGH RELIEF Nice Fresh Coin
1921 1 Peace Dollar NGC AU53 HIGH RELIEF Nice Fresh Coin
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1921 Peace Dollar High Relief Well Pursued Near Gem BU++ Key Date
1921 Peace Dollar High Relief Well Pursued Near Gem BU++ Key Date
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1921 Peace Dollar  VF35 PCGS
1921 Peace Dollar VF35 PCGS
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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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1921 Peace Dollar High Relief Avidly Pursued Key Date Vam 1A
1921 Peace Dollar High Relief Avidly Pursued Key Date Vam 1A
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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 Peace Dollar SILVER
1923 Peace Dollar SILVER
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1923 1 Silver Peace Dollar NGC MS64
1923 1 Silver Peace Dollar NGC MS64
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1921 Peace Dollar  VF35 PCGS
1921 Peace Dollar VF35 PCGS
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1922 D Silver Peace Dollar AU
1922 D Silver Peace Dollar AU
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1924 Peace Dollar PCGS MS63
1924 Peace Dollar PCGS MS63
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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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1922 S peace Dollar
1922 S peace Dollar
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1928 Peace Dollar Avidly Pursued Gem BU++ Key Date Blazer  Free Shipping
1928 Peace Dollar Avidly Pursued Gem BU++ Key Date Blazer Free Shipping
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1922 1 Silver Peace Dollar NGC MS64
1922 1 Silver Peace Dollar NGC MS64
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1925 PEACE DOLLAR PCGS MS65 LOT YY
1925 PEACE DOLLAR PCGS MS65 LOT YY
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1935 S Peace Dollar Very Nice Lustrous Solid Gem BU++
1935 S Peace Dollar Very Nice Lustrous Solid Gem BU++
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1 1927 PEACE SILVER DOLLAR ICG MS 60
1 1927 PEACE SILVER DOLLAR ICG MS 60
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1964 D Peace Dollar Toned Silver Plated Novelty Fantasy Issue Coin
1964 D Peace Dollar Toned Silver Plated Novelty Fantasy Issue Coin
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1922 P MS63 Peace Silver Dollar 1 NGC Graded Colorfully Toned
1922 P MS63 Peace Silver Dollar 1 NGC Graded Colorfully Toned
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20 SILVER DOLLAR ROLL 1925 and S Mint PEACE DOLLAR ENDS
20 SILVER DOLLAR ROLL 1925 and S Mint PEACE DOLLAR ENDS
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1 1927 PEACE SILVER DOLLAR ICG MS 62
1 1927 PEACE SILVER DOLLAR ICG MS 62
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1923 Peace Dollar NICE
1923 Peace Dollar NICE
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