The Peace Dollar, first minted in 1921, replaced the Morgan Silver Dollar and has since become a beloved collector’s item. This coin not only symbolizes the end of World War I but also represents the United States emerging as a global power. Its intricate design, silver content, and historical context make it a must-have for collectors and investors alike. Diversifying your precious metals portfolio with a Peace Dollar is both a smart and rewarding endeavor.
The Peace Dollar was minted from 1921 to 1928, and then again in 1934 and 1935, before being reintroduced in 2021. Designed by Anthony de Francisci, who won a public competition, the Peace Dollar celebrates America’s victory and commitment to peace. The competition to design the Peace Dollar was fierce, with renowned artists such as Hermon Atkins MacNeil (1916 Standing Liberty Quarter designer) and Victor David Brenner (designer of the 1909 Lincoln Cent) submitting entries. The Commission of Fine Arts oversaw the contest, ultimately selecting de Francisci's design due to its bold and modern representation of Liberty and peace. The coin's creation was part of a larger effort to commemorate the nation's achievements and honor those who served in the Great War.
Anthony de Francisci’s design for the Peace Dollar is renowned for its serene and majestic imagery. The obverse features Lady Liberty wearing a radiating diadem, symbolizing freedom and enlightenment. The inscriptions "LIBERTY," "IN GOD WE TRUST," and the year of mintage encircle the portrait. On the reverse, a majestic bald eagle is perched on a rock, gazing towards the rays of a rising sun, with the inscriptions "PEACE," "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "ONE DOLLAR." Originally, de Francisci's design included a broken sword in the eagle’s grasp on the reverse, meant to represent the end of war. However, this element was removed after public outcry, as many interpreted it as a symbol of defeat. The final design replaced the broken sword with an olive branch, a more universally accepted symbol of peace.
Coin images sourced from: National Numismatic Collection, National Museum of American History
Certain Peace Dollars are particularly sought after by collectors due to their rarity and historical importance. Key date issues include:
Peace Dollars vary significantly in value, influenced by factors such as year of mintage, condition, and rarity. Prices can range from under $30 for common dates in circulated condition to over $1,000 for key dates in uncirculated condition. Coins graded by the Numismatic Guaranty Company (NGC) and the Professional Coin Grading Service (PCGS) tend to command higher prices due to their verified authenticity and condition.
The Peace Dollar was reintroduced in 2021 to commemorate its 100th anniversary. These modern issues continue to capture the spirit of the original design while appealing to a new generation of collectors. The reissued coins are struck with the same care and detail as the originals, ensuring their place in the annals of numismatic history.
The Peace Dollar stands as a testament to America's resilience and commitment to peace. Its historical significance, coupled with its elegant design, makes it a cherished addition to any coin collection. Whether you are a seasoned collector or a newcomer, the Peace Dollar offers a rich and rewarding collecting experience. For those looking to add these iconic coins to their collection, Bullion Hunters provides expert advice and a wide selection of certified Peace Dollars graded by NGC and PCGS. Explore our inventory today and enhance your collection with these timeless treasures.