Valuable Coins

Keywords: peace dollar key dates, rare peace dollars, 1922 peace dollar value

Few coins capture the spirit of American history like the Peace Dollar. Introduced in the aftermath of World War I, this beautiful silver coin commemorates the newfound peace and resilience of a nation. Yet beyond its symbolic importance, the Peace Dollar series also boasts key dates, hidden rarities, and valuable errors that entice both novice and seasoned collectors. Below, we explore the peace dollar key dates, discuss rare peace dollars worth a second look, and break down the 1922 peace dollar value—one of the most commonly encountered dates in this remarkable series.

1) A Brief History of the Peace Dollar

1. Origins
   • The Peace Dollar was first minted in 1921, following the Pittman Act, which authorized the melting of millions of silver dollars and called for the replacement of those coins.
   • Designed by Anthony de Francisci, the coin features Lady Liberty with flowing hair on the obverse and a perched eagle with the word “PEACE” on the reverse.
2. Symbolism
   • Its name commemorates peace following World War I, and the design intentionally projects an image of hope and tranquility—quite different from earlier, more utilitarian silver dollars.
3. Production Span
   • The U.S. Mint produced Peace Dollars from 1921 to 1928, then again in 1934 and 1935. A short revival occurred with the 2021 commemorative issue celebrating the coin’s centennial anniversary.
4. Why Collect
   • Beloved for its art and relatively short run, the Peace Dollar series appeals to collectors looking for historic silver coinage that is both aesthetically pleasing and challenging to complete.

2) Overview of Peace Dollar Key Dates

Not all Peace Dollars are created equal. Certain coins have lower mintages, unique varieties, or survival rates that set them apart. Below are some of the peace dollar key dates worth highlighting.

1. 1921 (High Relief)
   • Why It’s Important: The inaugural year’s high-relief design was striking but also prone to striking difficulties, making well-struck examples a hot commodity.
   • Approximate Value Range: In lower grades, you might find one for around $100–$150, but premium specimens in MS-63 or higher can jump into the thousands.
2. 1928 (Philadelphia)
   • Why It’s Important: Boasting the lowest mintage among circulation-strike Peace Dollars at only 360,649, the 1928 Philadelphia coin is the undisputed key date of the series.
   • Approximate Value Range: Expect prices in the $200–$300 range for circulated grades, and well above $2,000 for MS-65 examples.
3. 1934-S
   • Why It’s Important: Though not as rare as 1928, the 1934-S is often found heavily circulated. High-grade examples (MS-63 and above) are scarce and can command significant premiums.
   • Approximate Value Range: Circulated coins might run $50–$100, but mint-state specimens can soar to $1,000 or more, depending on eye appeal.
4. 1935-S
   • Why It’s Important: Being the final year of the original series, 1935 coins had smaller mintages at branch mints. High-grade 1935-S coins can be elusive.
   • Approximate Value Range: Circulated coins start around $40–$80, with strong mint-state pieces fetching several hundred dollars or more.

(Note: These values are approximate and subject to market fluctuations. Grading, certification, and collector demand can significantly alter actual prices.)

3) Rare Peace Dollars Beyond the “Key Dates”

While most collectors know about the 1928 or 1934-S, a few hidden gems can surprise you:

1. 1921 “High Relief” Errors
   • Strike challenges led to variations in the relief depth. Coins with particularly strong details in Liberty’s hair and the eagle’s feathers can garner extra interest.
2. 1922 Weak Strikes or Die Cracks
   • The 1922 Philadelphia Mint struck an enormous number of coins, leading to common production imperfections. Varieties with prominent die cracks or filled letters can attract variety collectors, though typically not at sky-high prices.
3. 1924-S
   • While not as scarce as 1928 or 1934-S, the 1924-S is relatively tough to find in higher grades. Full-luster coins with minimal bag marks can fetch strong premiums at auction.
4. 1927-S
   • Similar to 1924-S, the 1927-S often appears poorly struck or heavily worn. Well-preserved examples with sharp details on Lady Liberty’s hair and the eagle’s feathers are not easy to come by.
5. Premium “Mint State” Lots
   • Even seemingly common coins like 1922 or 1923 can become sought-after if they exhibit beautiful toning, strong luster, or earn a coveted “MS-65” or higher from PCGS or NGC.

4) The 1922 Peace Dollar Value: Common But Still Collectible

One date that collectors frequently ask about is the 1922 Peace Dollar. Minted in massive quantities at Philadelphia, Denver, and San Francisco, the 1922 is the most abundant Peace Dollar. However, it remains a popular entry point for new hobbyists.

1. Circulated Grades (VG–VF)
   • Value Range: Often $20–$30, close to its melt value, though this can fluctuate with the silver spot price.
   • Collecting Tip: If you’re simply stacking silver, these circulated coins can be an affordable way to own a piece of history.
2. AU–MS-60
   • Value Range: Typically $30–$50.
   • Collecting Tip: Searching local coin shops or online auctions can yield lightly worn coins with decent luster at a reasonable cost.
3. MS-63 / MS-64
   • Value Range: $50–$100+
   • Collecting Tip: If you want to upgrade your collection slightly, mint-state 1922 Peace Dollars in MS-63 or MS-64 offer eye appeal without breaking the bank.
4. MS-65 or Higher
   • Value Range: $120–$300+, depending on strike quality and overall aesthetics.
   • Collecting Tip: A top-grade 1922 coin, possibly with nice toning, can be a showpiece that still remains more affordable than true key dates.

Overall, the 1922 Peace Dollar might not be “rare,” but high-end examples featuring crisp strikes and minimal contact marks can still hold significant numismatic appeal.

5) Tips for Building a Peace Dollar Collection

1. Focus on the Basics First
Start with common-date Peace Dollars (1922, 1923, 1924) in appealing condition. This approach builds your familiarity with grading standards and typical strike qualities.

2. Decide on a Collecting Path

• Complete Date-and-Mint Set: An ambitious route, requiring key dates like 1928-P and 1934-S.
• High-Grade Type Collection: Aim for one beautifully struck example of each year, ignoring mint variations.
• Select Key Date Focus: Concentrate on obtaining a few rare issues in the best condition you can afford.

3. Check for Authenticity
Counterfeits do exist, especially for key dates. Only purchase from reputable dealers, and consider third-party grading for peace of mind on pricier coins.

4. Study Grading Nuances
Peace Dollars can sometimes have weak strikes, especially at the high points of Liberty’s hair. Understanding the difference between genuine wear vs. a weak strike can save you from overpaying.

5. Stay Current on Market Trends
Auction results can fluctuate, especially for high-grade or rare varieties. Track prices for key dates and note if certain issues are trending upwards.

6) Investment Potential vs. Collector Joy

Like any numismatic pursuit, collecting Peace Dollars can serve as an investment or as a passionate hobby—or both. While scarce dates like 1928 or 1934-S historically hold their value well, the common 1922 might also see price appreciation if silver spot prices rise or if more collectors enter the market. However, it’s essential to remember that numismatics is subject to market whims and collector sentiment.

• Collector’s Perspective: Many enthusiasts relish the challenge of finding a perfectly struck 1921 or a lustrous 1924-S. The joy lies in curating a set that marries historical significance with aesthetic appeal.
• Investor’s Perspective: Key dates in top condition can yield solid returns over time, but staying informed and understanding grading intricacies is crucial. Flipping a worn 1922 for a profit is unlikely; focusing on rarer issues in demand among fellow collectors offers better upside.

Conclusion

In the realm of American silver dollars, Peace Dollars occupy a special niche—commemorating an era of optimism and capturing the artistry of a new generation. From the rare peace dollars like 1928-P and 1934-S to the more abundant (yet still collectible) 1922 and 1923 issues, each coin tells a story of the post-war United States.

• Key Takeaways:
  • Peace Dollar Key Dates: 1921 (High Relief), 1928, 1934-S, and 1935-S stand out for scarcity and collector demand.
  • Hidden Rarities: Look for special striking characteristics, mint errors, and lesser-known conditional rarities like 1924-S or 1927-S.
  • 1922 Peace Dollar Value: Common date but an excellent entry coin. Prices range from near melt value in circulated grades to over $100 for high MS examples.
  • Building a Collection: Focus on reputable dealers, grading best practices, and set collecting goals.
  • Balancing Fun and Profit: Whether you’re stacking for future gains or simply admiring the coin’s design, Peace Dollars offer a rich collecting journey.

Ready to dive deeper? Start by examining a few circulated 1922 or 1923 coins to get a feel for the series. Then, gradually set your sights on semi-key or key dates, upgrading to higher grades as your confidence grows. Peace Dollars deliver both historical intrigue and strong collecting possibilities—making them a favorite in numismatic circles for decades to come.