Peace Silver Dollar Value (1921–1935)
Peace silver dollars were minted from 1921 through 1928, then again in 1934 and 1935. Each one is struck from 26.73 grams (0.8593 troy ounces) of 90% pure silver. This gives them a silver weight of 0.77344 troy ounces.
Peace dollars range in price from as low as $35 for a worn coin to as high as tens of thousands of dollars for a high grade uncirculated one, depending on date and mintage.
View a complete Peace silver dollar price chart at the bottom of this article
There are 24 coins in a complete Peace dollar date and mint set. This is a far easier set to build compared to a 95-coin Morgan dollar set, which has some mintages that are unobtainable for anyone but millionaires.
You can also buy silver Peace dollars for low prices from Gainesville Coins by following the link.
Peace Dollar Background
The Peace dollar probably had the shortest development time of any U.S. coin. It was designed and put into productino in a matter of a few months. The "Peace" design was chosen to exemplify the end of "the war to end all wars" (WWI) and express the hope of America for a future where peace reigned.
Designed by Anthony de Francicsi, it would be the last circulating silver dollar.
1921 High Relief Peace silver dollar. Image: USA CoinBook
The 1921 mintage is unique in the series. Not only was it the first year of issue, it was the only year that a high relief strike was used. Combined with a mintage of slightly more than 1 million coins, it is the most desirable Peace dollar.
Popular Peace Dollars
The most popular Peace dollar is probably the 1921 High Relief mintage. The Peace dollar design was not finalized until mid-December, giving the US Mint only four days to strike them before the end of the year. This was the only high relief version made. The pressure needed to get a full strike was breaking the dies.
Even after the switch to a low relief design, frequent die breaks gave birth to many popular Peace dollar varieties. These include the Earring, Hair Pin, and Mustache.
Coin varieties are tracked by VAM numbers, named for Leroy C. Van Allen and A. George Mallis, authors of the "Comprehensive Catalog and Encyclopedia of Morgan & Peace Dollars," the first reference for silver dollar varieties.
Peace dollar varieties don’t get the same publicity as Morgan dollar varieties, so there’s a better chance of finding some of the more subtle ones mixed in with “regular” Peace dollars.
1922 “Earring” Peace Dollar VAM 2A
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The 1922 “Earring” Peace dollar was created when a crack in the obverse die widened enough to allow the flow of silver to push through.
1922 “Hair Pin” Peace Dollar VAM 2F
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The 1922 “Hair Pin” Peace dollar was the result of a small horizontal die crack on the obverse, visible through the “rays” of Liberty’s tiara.
1922 “Mustache” Peace Dollar VAM 12A
“Thin” and “Thick” versions of the famous “Mustache” Peace dollar. (PCGS “Top 50 Peace Dollar VAMS”)
The 1922 “Mustache” Peace dollar featured a die crack in an unfortunately amusing spot. The damage went undetected for quite a while, producing a “mustache” that grew over time.
How To Find the Mintmark on a Peace Dollar
Peace dollars struck at the main US Mint in Philadelphia do not carry a mintmark. The branch US Mint in Denver uses a “D” mintmark, whereas the branch US Mint in San Francisco uses an “S” mintmark.
The mintmark on a Peace dollar is found in the lower left of the reverse, between the tip of the eagle’s folded wing and the rim of the coin.
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The “D” mintmark on a Peace dollar struck at the Denver Mint (PCGS)
Peace Dollar Prices (Chart)
Below is a list of values for every Peace dollar minted from 1921 to 1935. Follow the links for more detailed pricing information on each individual Peace dollar issue.
Keep in mind that these prices are only a general guide for retail prices—the prices you would expect to pay. You will receive a lower price when selling your coins, since coin dealers need to eat, too!
Again, prices will always depend on the exact condition of the coin. Mint State (Uncirculated) silver Peace dollar coins garner the highest prices.
| Date & Mintmark | Mintage | G | AU | MS |
|---|---|---|---|---|
| 1921 High Relief | 1,006,473 | $130 | $350 | $600 |
| 1922 | 51,737,000 | $30 | $35 | $50 |
| 1922 High Relief | 35,401 | n/a | n/a | $100,000 |
| 1922-D | 15,063,000 | $30 | $35 | $65 |
| 1922-S | 17,475,000 | $30 | $35 | $70 |
| 1923 | 30,800,000 | $30 | $35 | $50 |
| 1923-D | 6,811,000 | $30 | $40 | $100 |
| 1923-S | 19,020,000 | $30 | $35 | $70 |
| 1924 | 11,811,000 | $30 | $35 | $50 |
| 1924-S | 1,728,000 | $35 | $85 | $300 |
| 1925 | 10,198,000 | $30 | $35 | $50 |
| 1925-S | 1,610,000 | $35 | $60 | $150 |
| 1926 | 1,939,000 | $30 | $35 | $85 |
| 1926-D | 2,348,700 | $30 | $50 | $160 |
| 1926-S | 6,980,000 | $30 | $40 | $90 |
| 1927 | 848,000 | $35 | $70 | $150 |
| 1927-D | 1,258,900 | $37.50 | $90 | $335 |
| 1927-S | 866,000 | $40 | $100 | $300 |
| 1928 | 360,649 | $235 | $340 | $525 |
| 1928-S | 1,632,000 | $40 | $90 | $260 |
| 1934 | 954,057 | $35 | $60 | $175 |
| 1934-D | 1,569,500 | $37.50 | $60 | $200 |
| 1934-S | 1,011,000 | $45 | $400 | $3,000 |
| 1935 | 1,576,000 | $37.50 | $60 | $135 |
| 1935-S | 1,964,000 | $37.50 | $100 | $335 |
Price guide excludes all proofs and special varieties. Prices derived from NGC Coin Explorer, PCGS Coin Facts, and USA CoinBook.
The price chart above is provided for general information purposes. It should not be used or construed as investment advice.