Heavy with silver, minimum Peace dollar values are $13.83
per coin. Very popular with collectors, each is examined using a step by step method to identify important dates, mintmarks, and condition. High quality collector coins are recognized and separated from bullion quality.
Steps Leading to Value:
Step 1: Date and Mintmark Variety - Dates and mintmarks both range from common to scarce, and important to identify.
Step 2: Grading Condition - Recognize differences in preservation using images to judge grades and how much Peace dollars are worth.
Step 3: Special Qualities - Many factors contribute to value, examine your coin for "collector" appeal.
A review of the chart shows certain dates with either tight or large ranges in value. Key date, premium coins need close inspection, especially grading condition. Proceed through the steps after the chart.
Peace Dollar Values 1921 to 1935
Condition of Coin
Peace Dollar Values Updated
The above are wholesale coin values. Computed from dealer's price lists with various mark-up factors figured in. They reflect closely the value you would expect to receive when selling.
Variations in value do occur subject to subtle grading points, collector demands and dealer needs. For more background information, see how Peace dollar listings in the Coin Value Guide are determined.
Step 1: | Date and Mintmark Variety are Identified
A new and modern design silver dollar was first minted in 1921. A young Liberty fills the obverse, a tiara of light rays within her hair. Waves of hair flow from her forehead, across her ear and neck. A strong eagle is perched on a rock with "Peace" written. Filling the reverse are rays of a rising sun. A striking design and popular with collectors.
Peace Dollar Series: Mints and Mintmarks
Peace dollars were struck spanning years 1921 to 1935. Three mints produced silver dollars; Philadelphia, Denver, and San Francisco. Gaps in production occurred, notably 1929 to 1933, when no silver dollars were minted. However, combined total was over 190 million. An available coin today lending nicely to both new and advanced collectors.
"S" Mintmark: San Francisco Mint Peace Dollar Variety
San Francisco mint began striking Peace dollars in 1922 with varying amounts until 1928 when all mints paused coinage of silver dollars. 1934 and 1935 saw a return and ending of the series. 1934 is a standout year, few Mint State grade coins available to collectors despite a mintage of 1,011,000 coined. These are judged very carefully.
San Francisco variety is recognized by the "S" mintmark on the reverse. Just above the tail feathers of the eagle a small "S" mintmark is a San Francisco coin.
"D" Mintmark: Denver Mint Peace Dollar Variety
Denver minted the Peace dollar in the fewest years, five in total. Denver is also noted with the least total production, just over 27 million Peace dollars. All Denver mint coinage has premium value potential in higher grades. Many of those available today are in circulated condition, grading becomes a strong key to value.
Denver placed a "D" mintmark on its coinage. On the reverse, above the tail feathers of the eagle, and tucked close to the rim, a small "D" mintmark is a Denver mint dollar.
No Mintmark: Philadelphia Peace Dollar Variety
Philadelphia coined Peace dollars over the longest span of the mints. It was the only mint striking first year of issue 1921 Peace dollars, just over 1 million. Many were saved, and survive today. Condition of a 1921 Peace dollar plays a large role to value, light wear to the surface is often found. Scarce year of the Philadelphia variety is 1928 only 360,000 minted, values reflect this low mintage.
Philadelphia was the first, and for a long time the only US mint. Branch mints, when built and contributing to coinage used mintmarks to identify their coins.
No mintmark indicates Philadelphia struck the coin. On the reverse, in the area just above the tail feathers, no mintmark present, confirms Philadelphia coinage.
Step 2: | Grading Condition | Identify Grade
A complete assessment of value includes grading the condition of a coin. Comparing to a standard for the grade begins to narrow the range of possible grades. Collectors and dealers judge condition of all coins before they determine value.
Peace Dollar Values are Conditional
Comparing your coin to the array of images displaying a range of conditions finds a close match to grade. Look closely at the hair detail of Liberty and feather detail of the eagle. On higher grade coins only a trace of wear shows, leaving most of the detail sharp.
Mint State Grade: Peace Dollar
Obverse: Features Identifying Mint State Grade: Mint State grade and condition is a coin with no wear to the surface. Original luster remains and no smoothing to the metal has occurred. Open areas of the coin and small high relief points are first to show missing luster due to wear.
Liberty's cheek is centrally located prone to wear. Looking closely at this coin a similar fine grain texture covers all of the cheek. No dulling or smoothing has accrued.
Waves of hair are fully raised with finer lines all showing. When tilted to light, Liberty's hair shines across all strands.
Liberty's neck is raised in profile with no signs of flattening.
Reverse: Features Identifying Mint State Grade: Fine raised details cover most of the eagle on the reverse design. All high points are delicate with mint luster. If disturbed this luster quickly shows wear as flatness and dulling of the surface.
Feather edges of the eagle's right wing are inspected to confirm no wear is seen.
Upper edge of the wing is very high in relief and remains with original luster.
Looking at the eagle's head, no smoothing is evident. Luster similar to the field of the coin remains over the entire eagle.
Extremely Fine Grade: Peace Dollar
Obverse: Features Identifying Extremely Fine Grade: Small smooth areas have developed on high points of the design indicating a Peace dollar in Extremely Fine grade.
Condition of Liberty's hair is just slightly worn. Mint luster is gone replaced with a light silver-grey shade to the silver. Just above her eye is a tuft of hair with a distinct flat spot removing the once fine lines.
Over her ear is the greatest evidence of wear, a larger area with smoothing on the upper edges of the large waves of hair. Although worn these waves remain separate and somewhat bold.
Flattening is seen on the knot of hair at the back of Liberty's head. Three spots of flattening are apparent with none of the areas connecting. Separation of major waves of hair helps identify a coin with light smoothing and within the Extremely Fine grade.
Reverse: Features Identifying Extremely Fine Grade: Only a light amount of wear is needed to begin fading the fine details to the eagle.
Wear is seen on the rows of feathers, smoothing the surface from the leading edge to back of the eagle's right wing.
Note: Three distinct lines representing the layers of feathers are clearly seen. Individual feathers are mostly merged with a few lines remaining on the lowest row.
Neck feathers are nicely represented along the eagle's neck where it meets the wings. Wear is confined to the central high area of the neck.
Leading edge of the right leg is now a smooth area, lacking feather detail. Some fine detail is remaining towards the back of the leg.
Fine Grade: Peace Dollar
Obverse: Features Identifying the Fine Grade: Moderate wear is found in low relief protected areas and heavy in high relief spots.
Waves of hair over Liberty's forehead and ear are now worn flat. Remaining are the deep recesses defining the major waves. Important to the Fine grade is any merging of major waves is still minimal.
Rays extending upward above the coronet are now flattened along their lengths. Once rounded in profile, rays towards the back are beginning to blend with the hair.
A bold line separates Liberty's face from her hair along the entire design; above forehead to back of neck.
Reverse: Features Identifying the Fine Grade: Most of the lightly impressed design detail of the eagle is now missing due to wear.
A smooth wing lacking any details is extending from the shoulder to the tail feathers. A slight indication of a row of feathers is just visible.
All detail to front of the right leg is smooth, some detail towards the back.
Letters to "Peace" are worn and often faint in places. All letters remain; although the tops are most affected by wear and fading.
Good Grade: Peace Dollar
Obverse: Features Identifying the Good Grade: A strong portrait of Liberty remains with many details to the coronet, rays extending upwards and some hair waves evident. It is the overall "look" placing this coin in the Good grade range.
Large waves of hair are very shallow in relation to the deepest recesses. Blending is now evident connecting many parts of the hair.
One continuous flat area extends from the hair over the forehead to the ends flowing over the coronet. No signs of contour remain in this part of the design.
Condition of the rim along the entire circumference is weak and blending with the field. Lettering is weak near the rim with some tops faded and merging with the rim.
Reverse: Features Identifying the Good Grade: Weak details remaining of the eagle helps confirm a grade of Good on the reverse.
Feather details are gone from the majority of the eagle. A line of feather ends remains separating the neck from wings.
Some details are showing helping identify tail feathers.
Rim is very weak and shallow, fading into the top of most letters. Letters themselves are weak as many are beginning to fade and blend with the field.
Lettering of "Peace" is very weak across the tops. Some letters are often missing. A complete absence of all letters indicates a lower grade.
How to Video: Grading Peace Silver Dollars
Condition and judging grade are the major factors to how much these old silver dollars are worth. Images with video are used to compare your coins. Descriptions help decide one grade from the next by subtle differences in wear.
Identify and recognize what creates collector appeal in a Peace dollar. A large separation in two distinct markets exists in the Peace dollar series. Coins trading as Bullion silver is an active market. A market of lower condition coins and dates in ample supply, trade based on silver content.
Viewing the above chart, coins directly tied to silver price are currently 7/6/2020
trading in the $13.83
range. Coins of this caliber face stiff competition to becoming in demand by collectors. Minted in large numbers - over 190 million; Peace dollars in bullion quality are in ample supply, scarcity is not a value factor.
Beginning to break away from moving with silver and establishing collector value are lightly circulated Extremely Fine grade Peace dollars of many dates. The range of $16.58
highlights many on the above chart.
With Silver price forming a base worth, collector demand adds a premium due to scarcity factors. Collections are typically formed assembling sets including all date and mintmark combinations. Scarce date and condition examples are needed to complete sets and values adjust. Scarcity is recognized by collectors.
Scarce dates and mintmark combinations are a quick beginning. A scarce date, 1928 as example, appeals to all collectors and is in strong demand.
Level of preservation is also considered a strong factor to many collectors. Helping support high values, collectors search for coins in high grades. Subtleties of eye appeal and aesthetics are also tied to condition of the coins. Not only are mint state collections focused on condition and eye appeal. New and beginning collectors develop an appreciation of lightly circulated coins. The challenge to assemble an eye appealing collection covers a wide range of affordability.
Nice, pleasing coins are a true challenge within the Peace dollar series. Open spaces, the fields and Liberty's face are often marred with nicks on mint state coins. Soft toning, evenly balanced, on circulated examples is not common. Peace dollars with high levels of eye appeal are scarce and have potential above bullion quality.
Historically, Peace dollars go up in value over time, following silver prices. Popularity of the series with collectors is just ranked just behind Morgan dollars; a good solid position. Interest is created by the challenge of finding coins suitable for a collection, either mint state grades or nice circulated examples. Take time to fully identify and separate the bullion trading coins from collector quality.
Coin values spanning 140 years. Discover rare dates, varieties, and mintmarks. A step by step approach is used including "Grading" videos, images and descriptions. Evaluate and find the true value of your silver dollars. From early dollars in 1794 to the Liberty Seated variety 1840-1873. Next the ever-popular Morgan Dollar to the Peace Dollars ending in 1935.
All old US coin values. It is an excellent index with images and text links to all coin series, from Cents to Gold. Value charts, grading images and a step by step procedure uncovers how much your box of old coins is worth.
Print the Coin Values Worksheet to list your Peace silver dollars and record their values. Should you decide to sell... use the worksheet as an invoice and packing slip when sending coins through the mail to dealers. It indicates you have done your coin values homework.