The Peace Dollar, minted from 1921 to 1935, stands as a lasting symbol of America's hope for peace following World War I. Designed by Anthony de Francisci, this silver dollar replaced the Morgan Dollar, delivering a fresh and modern look that reflected the optimism of the early 20th century.
Key Specifications
- Designer: Anthony de Francisci
- Issue Dates: 1921–1935
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The Peace Dollar, minted from 1921 to 1935, stands as a lasting symbol of America's hope for peace following World War I. Designed by Anthony de Francisci, this silver dollar replaced the Morgan Dollar, delivering a fresh and modern look that reflected the optimism of the early 20th century.
Key Specifications
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Designer: Anthony de Francisci
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Issue Dates: 1921–1935
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Composition: 90% silver, 10% copper
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Diameter: 38.1 mm
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Weight: 26.73 grams (412.50 grains)
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Edge: Reeded
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Business Strike Mintage: 190,577,279
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Proof Mintage: Fewer than 20
Historical Context
After a 15-year hiatus in dollar coinage from 1905 to 1920, silver dollars returned in 1921. Initially, the old Morgan design was revived, much to the disappointment of numismatists who desired a more contemporary aesthetic. Under pressure from the numismatic community, the Commission of Fine Arts held a competition to create a new design. Anthony de Francisci's vision, featuring his wife as Miss Liberty, was chosen for its artistic merit and forward-looking symbolism.
Design Highlights
Obverse
- Miss Liberty is depicted wearing a radiant crown, reminiscent of the Statue of Liberty.
- The inscription LIBERTY spans the top, with IN GOD WE TRUST and the date appearing below.
Reverse
- The reverse showcases a majestic eagle perched on a mountaintop, clutching an olive branch with PEACE inscribed on the rock.
- This peaceful imagery replaced the initial design featuring a broken sword, which faced public criticism.
Two Varieties of Peace Dollars
Type 1: High Relief (1921–1922)
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Mintage: 1,006,473 in 1921 (all 1922 circulation strikes destroyed)
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Unique Characteristics:
- Deeply dished fields and raised devices create a stunning visual effect.
- High relief coins proved impractical for mass production due to die wear and striking difficulties.
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Rarity:
- Fewer than 20 Proofs (dated 1921 and 1922) survive, making them highly coveted among collectors.
Type 2: Low Relief (1922–1935)
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Mintage: 189,570,806
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Improved Production:
- The relief was lowered in 1922 to facilitate mass production and ensure longevity of the dies.
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Minting Details:
- Production continued through 1928 and resumed in 1934 and 1935.
- A 1964-D Peace Dollar was struck in limited numbers but later destroyed, sparking persistent rumors of surviving examples.
Collectibility
Key Dates and Rarities
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1928 Philadelphia: The lowest-mintage Peace Dollar and a key date in lower grades.
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1934-S: A condition rarity, especially sought after in mint state grades.
Affordability
- Common dates in MS63 and MS64 grades are accessible to most collectors, while ultra-high-grade examples, especially from San Francisco and later years, command significant premiums.
Legacy of the Peace Dollar
The Peace Dollar remains a cherished series for its artistry, historical significance, and connection to America's post-war optimism. Its obverse design has come to symbolize liberty and peace, while its reverse captures the tranquil resolve of a nation healing after conflict.
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Discover the beauty and legacy of the Peace Dollar at ParadimeCoins.com. Whether you're seeking common dates or rare key pieces, we offer a curated selection of high-quality coins to suit every collector. Elevate your collection with these timeless treasures today!
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