1921 Peace Dollar obverse showing Liberty

Peace Dollars

Introduction to the Peace Dollar

First minted in 1921, the Peace Dollar commemorates the end of World War I and reflects America’s hope for lasting peace. Sculpted by Anthony de Francisci, whose design won a national competition, the coin features Liberty wearing a radiant crown on the obverse. The reverse depicts a calm eagle resting on a rock and holding an olive branch, symbolizing healing and renewal after global conflict.

Silver Content and Key Minting Details

Peace Dollars contain 90% silver and 10% copper, weighing 26.73 grams, and were struck at the Philadelphia, Denver, and San Francisco mints from 1921 to 1935. The first year’s high‑relief strikes are especially admired for their bold detail. While many dates remain affordable, key issues—such as the 1928 Philadelphia coin—are notably scarce. High‑grade examples and certified pieces from NGC or PCGS command stronger premiums and offer added confidence for collectors and investors.

Collector Appeal and Lasting Legacy

Peace Dollars attract collectors for their blend of artistry, historical meaning, and precious‑metal value. Common dates like 1922 and 1923 provide accessible entry points, while sharper details, original surfaces, and clear mintmarks (“D” for Denver, “S” for San Francisco) enhance desirability. Avoiding harshly cleaned coins and choosing certified examples ensures better long‑term value. Today, the Peace Dollar endures as a symbol of postwar optimism and remains one of America’s most beloved silver coins.

United States Dollars

Morgan, Peace & Modern Dollar Coins

Select a category above to explore dollar coins

A Guide Book of Peace Dollars 4th Edition - Coin-by-coin analysis with updated retail pricing, certified population data, and market context.

The World Encyclopedia of Coins and Coin Collecting - The Definitive Illustrated Reference to the World's Greatest Coins

Artistic Design of the Peace Dollar

The Peace dollar was nothing short of a work of art. On its obverse side, it proudly bore a striking depiction of Lady Liberty, draped in a radiant crown inscribed with the word “LIBERTY,” encircled by ethereal rays of light. The reverse side featured a majestic bald eagle perched on a solid rock, its talons clutching an olive branch, while the word “PEACE” gracefully arched above, emphasizing the coin’s underlying theme of harmony and tranquility. The Peace dollar had a composition of 90% silver and 10% copper, with a diameter measuring 38.1 mm and a weight of 26.73 grams. Minting took place in various locations, including Philadelphia, Denver, and San Francisco.

Challenges and Public Reception

The issuance of the Peace dollar, like any major undertaking, faced some initial challenges. These challenges predominantly revolved around controversies regarding the coin’s design. Concerns were raised about the depiction of Lady Liberty, and some questioned the eagle’s appearance. However, despite these initial reservations, the Peace dollar swiftly gained popularity among collectors and the general public. Its symbolic representation of peace and hope in the aftermath of a devastating global conflict struck a chord with many.