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.
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
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.