Peace Dollars: Liberty Head Silver Dollars With A Message Of Hope

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Some beginning coin collectors may view Peace dollars  the “other silver dollar.” That is, these later silver coins may not be quite as widely known by novices as the Morgan dollar.

However, if you think the Peace dollar doesn’t have its own following, then you may want to think again. Peace dollars are just one of many non-Morgan silver dollars that are well loved among coin collectors.

When the Morgan dollar officially ended its run in 1921, there was a coin design ready to replace it – Anthony de Francisci’s Liberty head.

The Peace dollar features a bust of Miss Liberty wearing a crown reminiscent of that upon the Statue of Liberty in New York Harbor.

On the reverse of the Peace dollar is a regal-looking American bald eagle standing on a ledge as it looks out upon a sunrise. PEACE is inscribed under the eagle.

Peace dollars have the same overall specifications as Morgan dollars –  a diameter of 38.1 millimeters and 26.73-gram weight.

What Is The Value Of A Peace Dollar?

Many want to know how much their Peace dollars are worth. That all depends on a few things:

  • Its grade
  • Its date
  • The prevailing bullion price of silver

You know your coin is a very common one if you have a:

  • 1922 Peace dollar
  • 1923 Peace dollar
  • 1924 Peace dollar
  • 1925 Peace dollar
  • 1926 Peace dollar

The value of any of these Peace dollars is usually around whatever the equivalent amount of silver is. So, with Peace dollars having a little less than one ounce of silver in them, if the value of silver is $40 an ounce, your Peace dollar has a value of around $30 to $35. Its value increases, however, if it’s in an uncirculated grade. Uncirculated Peace dollars can have values of $40 to 50 or more.

The scarcest dates are the:

  • 1921 Peace dollar
  • 1928 Peace dollar
  • 1934-S Peace dollar

The most expensive of these is the 1928 Peace dollar. Easily worth $400 and up in lightly worn grades, this is considered the key date for this series. The 1921 has a higher relief than the other dates (except for some extremely rare 1922 Peace dollars which also have a high relief). 1921 Peace dollars are worth around $100 and up. Meanwhile, 1934-S Peace dollars have a value of around $45 to $50 and up.

Peace dollars of any other date have a value of around $40 and up.

When Was The Last Peace Dollar Made?

The last official striking of a Peace dollar came in 1935. However, in 1964, the United States Mint in Denver began striking Peace dollars once more when there was a plan to begin making dollar coins again.

Nevertheless, the plan was scrapped and the United States Mint promptly melted all 1964 Peace dollars that were made.

Some speculate that the 1964-D Peace silver dollar is still in existence. However, none officially exist. If there are any remaining, they are presently illegal to own.


I'm the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I'm also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I've authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!

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