Peace Dollar Production

Peak production years for the silver Peace Dollar were from 1922 through 1925. Production was halted after the 1928 issue with the onset of the Great Depression in 1929. By then the U.S. Mint had met its requirements under the Pittman Act of 1918 to replace 270 million silver dollars. The Peace Dollar was again minted in 1934, 1935 and allegedly in 1964. In 1964 there were allegedly 316,000 Peace Dollars produced at the Denver Mint but it is believed they were all destroyed prior to release. Rumors have always circulated that a handful were never returned to the U.S. Mint but none has ever surfaced for public sale or authentication.

Key dates for the Peace Dollar are the 1921, 1924-S, 1928 and 1934-S. There are several varieties, more than can be gone into here, ranging from mint mark positioning to die cracks and more. The 1934-D has 4 variations including a large D mint mark and a small D as well as a large D double die obverse and the small D double die obverse. The 1935-S shows a reverse die change with 2 varieties including 3 rays of the sun below the word ONE and 4 rays of the sun below the word ONE on the reverse.

The Silver Peace dollar has seen a resurgence of interest among coin collectors. The shortness of the series and the low production rates plus the interesting history make it a fun coin to collect. The silver content is also a contributing factor but it's my thought that these coins are real beauties particularly in the higher grades. The Peace Dollar will continue to see rising prices simply because so few were produced compared to other circulated silver coins. Coin collectors will snap up those offered, especially in the higher grades, to be included in their collections.