Collect Peace Dollars

By | September 29, 2016
Obverse of the 1924 Peace Dollar

Peace Dollar


The civilized world was thrust into a bloody, deadly conflict during the First World War. Also known as the Great War, it lasted from 28 July 1914  until 11 November 1918. More than 9 million soldiers and 7 million civilians lost their lives in this war. It was and still is one of the world’s deadliest conflicts in history.

The conflict ended with the Paris Peace Conference of 1919. By the end of WW I, The German Empire, Russian Empire,  Austro-Hungarian empire and Ottoman Empire no longer were in existence. Many national borders were redrawn.  The League of Nations was formed with the aim of preventing another war of such proportions. Peace was in every sane person’s and government’s mind.

Peace Dollar

1921 High-Relief Peace Dollar

The Peace Dollar Coin

The iconic Peace Dollar was minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin features Lady Liberty on the obverse and a gorgeously detailed perched eagle on the reverse. The word “peace” is prominently displayed below the eagle. Peace Dollars were the last US dollar coin to be struck for general circulation made from silver. They were produced at the Philadelphia, Denver and San Francisco mints.

None of the Peace dollar mintages are particularly rare. Many had strikings in the tens of millions. The 1922-P produced  51,737,000 specimens. Rarer dates include the first year of issue 1921 Peace Dollar (1,006,473), minted only at the Philadelphia mint and issued in high relief, and the low-mintage 1928-P  (360,649) Peace Dollar.

Because of the general lack of rarities, low-grade circulated specimens for most years can be obtained for little more than the coin’s silver value.

Little Known Tidbits about  Peace Dollars

Coin world recently published an excellent article about collecting Peace Dollars. Among the many interesting tidbits about this coin are:

  • The Peace Dollar, with roughly 187 million coins struck between 1921 and 1935, was a mere fraction of the half billion Morgan dollars struck in their time, between 1878 and 1904 and again in 1921.
  • Unlike with Morgan dollars, the Peace Dollar series doesn’t have any really tough rarities in circulated grades.
  • Although first minted in 1921, the first Peace dollars weren’t struck until late December 1921.
  • The coin was originally conceived “to illustrate America’s influence for peace and the moral force of democracy.”

A Well-Worn Dollar in Daddy’s Pocket

Peace Dollar

Well-worn Peace Dollar

The Peace Dollar was minted when many immigrants from Europe were coming to the United States to find a better life. Many of these young folks put a Peace Dollar in their pocket, thinking that as long as it was in there they’d have at least a dollar to their name. As they became successful and raised families, their children often delighted in the well-worn silver dollar in their dad’s pocket and the story behind it.

Collect Peace Dollars

 Peace Dollars are wonderful series to collect and enjoy. Amazon and eBay provide numerous opportunities to purchase them every day. If you prefer to buy from a reputable coin dealer, have a look at BSAGC Coins. Don’t forget, these coins make great gifts at a comfortable price.

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10 thoughts on “Collect Peace Dollars

  1. Guy Nadeau

    It’s interesting to see the story behind things – in this case the American Peace Dollars coin. I was wondering, since they made a mass production of these coins in the beginning of the 20th century after World War I they must not be rare. If so, what are they worth today?

    1. Mike Post author

      Hello Guy, thanks for your comment and question. True, many of the Peace Dollare are not rare. for that reason, you can purchase many dates for about $30 – $40 at todays prices. Some of the dates had less than 1,000,000 minted. These are the scarcer ones and command higher prices, especially in the better grades.

  2. Angela

    The peace dollar in my opinion certainly is a nice looking coin. Naming this the “peace dollar” says so much when you understand the history and time era. I understand the bigger coins disappearing out of daily use, but still some people would love to have that jingle in their pockets.

    1. Mike Post author

      Hello Angela,

      Agreed, the Peace dollar is a great looking coin, both the obverse and the reverse. Yes indeed, many of the older generation would love that real “jingle” of silver in their pockets. The coins made today just don’t cut it..

  3. G.C.Horton

    What an interesting story. My grandparents were Irish and gave me and my siblings a silver dollar when we were born. I’m not sure why, but it might be so we would always have at least a dollar. We still have them.

    I enjoy collecting silver eagles. They are beautiful coins. After reading your post, I want to collect the peace dollar too.

    1. Mike Post author

      Thanks GC,

      There are many interesting and heartwarming stories associated with coins. I’m so glad you appreciated this post. Peace Dollars are great collectibles. I encourage you to research your purchases through the affiliate links on this site.

  4. Brandon

    I really like this website. You go into depth about coins and also investing. I been here a few times already once again great. I could find myself getting into collecting coins, especially these Peace Dollars. I know they would probably be a great investment. somewhere along the family if they don’t trade it in. I like how the Peace Dollars have a history to tell. Keep up the good work.

    1. Mike Post author

      Thanks Brandon,

      I appreciate your visit and comments. i hope you start your collections soon and do so through the affiliates on this site.

  5. Alex

    Hello Mike,

    I had no idea that peace dollars were made as a result of the World War I. That’s very interesting indeed.

    As for me I’m not much of a collector but I might purchase one simply based on the fact of the story behind the coin. Although, as you have mentioned, these coins are not very rare, the possibility exists of these coins’ value increases over time. I’ll definitely search more through your website and keep updated with any new articles you’ve got to share


    1. Mike Post author

      Hello Alex,

      Thanks for visiting and leaving your comments. One of the real great things about coin collecting is that it is an interface with history. You learn so much. The Peace Dollar is a prime example.

      I hope you consider purchasing one or two from the businesses advertised on this site.


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