The Peace Silver Dollar, minted between 1921 and 1935, holds a special place in American numismatic history, symbolizing hope and change after World War I. Designed by Anthony de Francisci, the coin features a striking portrait of Lady Liberty on the obverse and a majestic eagle on the reverse, representing peace.
Despite the large number of Peace Dollars produced, certain rare dates and variations have skyrocketed in value. Here’s a closer look at the top five most valuable examples, together worth around $1.5 million.
- 1921 Peace Dollar (High Relief) – Up to $100,000
- The inaugural year of the series, the 1921 Peace Dollar, is notable for its high relief design, which showcases more prominent features. This challenging minting process led to a lower production rate, making it a rarity. In mint condition, particularly graded MS65 or MS66, it can command prices up to $100,000 due to its combination of scarcity, aesthetic appeal, and historical importance.
- 1928 Peace Dollar – Up to $350,000
- The 1928 Peace Dollar is the rarest regular-issue coin in the series, with a mere 360,649 minted. Many of these coins were lost or melted down, enhancing their rarity. In uncirculated condition, this coin can fetch up to $350,000, particularly in high grades of MS65 and above, making it a highly sought-after addition for collectors.
- 1934-S Peace Dollar – Up to $125,000
- Despite over a million pieces minted at the San Francisco Mint, the 1934-S Peace Dollar is challenging to find in high grades due to extensive circulation. As a result, high-grade specimens (MS65 or better) can sell for as much as $125,000, with collectors valuing its rarity in well-preserved condition.
- 1927-S Peace Dollar – Up to $180,000
- The 1927-S is another scarce coin, with a high number released into circulation, making mint-state examples rare. While over 800,000 were minted, finding one in pristine condition is difficult. High-grade coins can reach values of up to $180,000, highlighting its desirability among collectors.
- 1935 Peace Dollar (Proof) – Up to $750,000
- The 1935 Proof Peace Dollar stands as the pinnacle of the series, with only a handful of proof specimens struck. These coins feature a mirror-like finish and incredible detail, making them highly collectible. Depending on their condition, these coins can be worth up to $750,000, driven by their extreme rarity and status as a numismatic masterpiece.
Factors Contributing to the Value of Peace Silver Dollars
Several elements influence the valuation of Peace Silver Dollars, particularly the rarest examples:
- Rarity: Coins with low mintage or those hard to find in high grades, like the 1928 and 1935 Proof dollars, are particularly valuable.
- Condition (Grade): The state of preservation is crucial in determining a coin’s value, with coins graded on a scale from 1 to 70. Higher-grade coins in mint state or proof condition fetch premium prices.
- Historical Significance: The Peace Dollar commemorates the end of World War I, adding to its appeal. Coins from notable years, such as the first and last in the series, are especially desirable.
- Mint Marks: The location of minting can significantly affect value, with coins from the San Francisco Mint (indicated by an “S” mint mark) often being rarer in high grades compared to those minted elsewhere.
These factors collectively shape the market for Peace Silver Dollars, making them a fascinating focus for collectors and investors alike.
