History of the Peace Dollar

1921_peace_dollar_satin_obvPeace dollars were minted between 1921 and 1935. They were created to celebrate America’s victory in World War I. Made of 90 percent silver, Peace dollars helped to establish the United States as a major world power.

The Peace dollar was briefly minted in 1965. However, all samples of this issue were melted down and never released to the public. The Peace dollar is the last silver dollar minted for circulation in the U.S.

The Design

The front of the coin is graced with Lady Liberty, while the reverse side depicts the image of a perched eagle. The artwork design was that of Antonio de Francisci, an Italian immigrant and sculptor. In late 1921, the Commission of Fine Arts held a competition for the design of the new silver dollar. Eight prominent sculptors were invited to participate and de Francisci won the prize. The Peace dollar includes the phrase “in god we trvst.” Many believe it to be a spelling error, but it’s actually the Latin spelling for the word trust. Therefore, it means “In God We Trust.”

Value of Peace dollar

While the Peace dollar was only minted for a short period of time, this coin is quite popular among collectors. The minimum value of a Peace dollar is $23. There are a couple rate dates, including 1921 and 1928, that are valued at $55 and $160 respectively. Most of the value of a Peace dollar is found in higher grades. This includes uncirculated or Mint State coins. The uncirculated Peace dollar is very desirable coin.

1934-S Peace dollar

The 1934-S Peace dollar is a very interesting coin. In good condition, this coin can be worth $30, in slightly better condition the coin jumps to $33. However, the uncirculated version, which is very rare, is worth more than $1,200. As you can see, subtle differences can have a large effect on the value of the coin. If you have any questions about your Peace dollar, ask a coin collector or dealer. They can help you to better understand the full value of your coin.

Unofficially Produced Coin

On August 3, 1963, Congress passed legislation to produce 45,000,000 silver dollars. The new coins were intended to be used at Nevada casinos and elsewhere in the West. However, in 1965, after much debate, congress announced that the coins were deemed trial strikes, never intended for circulation. The Mint later stated all pieces struck had been melted under heavy security.

Gary Dyner is the owner of Great American Coin Company. Connect with him on


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