Mint dates: 1921-28, 34-35
Designer: Anthony de Francisci
Gross weight: 26.73g
Silver content: 0.77344 troy oz
Composition: 90% silver, 10% copper
Diameter: 38.1 mm
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The Peace Silver Dollar is a highly collectible coin due to its unique place in history. In 1921, it was commissioned as a “victory coin” to commemorate the end of World War I. Over 108 million of these coins were minted between 1921 and 1928. At the time, these coins were used as currency. The coin was retired in 1928. However, later legislation brought the Peace Silver Dollar back in 1934 for two years.
Award-winning author Roger Burdette refers to the Peace Silver Dollar as “something of a mystery coin” in his 2011 book on the topic, A Guide Book of Peace Dollars. He writes that only the most superficial information about it was released publicly, and initial press releases promoted the sculptor’s use of his attractive wife as the model.
The coins were designed based on the Morgan Silver Dollar. It is said that this coin’s beauty promoted hoarding by the banks, who preferred to hold these as collateral instead of other options.
President Lyndon Johnson tried to bring the coin back in 1964 and 1965. It was said that 300,000 coins were minted, but Congress did not agree with Johnson’s idea, so it was believed that all those coins were melted down before issuance. Today, it is rumored that some of those 1965 still exist and consequently could be worth over a million dollars each.
In reality, you are more likely to encounter copies of the coins dated 1922. That’s not bad since this 1922 version of the Peace Silver Dollar is also valuable. That’s because it was the last silver dollar to circulate as hard money. It was also the last U.S. coin explicitly created to help fund a war.
More details about the Peace Silver Dollar:
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