Series notes: Peace Dollars

The Peace dollar, designed by Anthony de Francisci, was minted from 1921 through 1935 and replaced the long-running Morgan dollar. While not nearly as popular as its famous predecessor, the Peace dollar maintains a sizable and loyal base of collectors who find the coin?s beauty, relatively short production run, and few expensive key dates attractive attributes.

The scarcest regular-issue Peace dollar is the 1928, which serves as the series key. Meanwhile, the 1934-S is challenging in all grades and relatively rare in upper circulated and uncirculated condition. The 1921 is a scarce first-year coin and the only regular-strike issue in the series boasting a high-relief strike. Various accounts indicate some 35,000 high-relief 1922 Peace dollars were struck but virtually all melted after die breakage problems proved too daunting to overcome. One high-relief 1922 Peace dollar is known in VF, though this may actually be a circulated high-relief proof specimen, of which there are about 10 known specimens. All of these high-relief 1922 Peace dollars trade for high-five and low-six-figure sums.

The most common Peace dollars are circulated low-relief specimens from 1922 and all 1923, 1924, 1925, and 1926 issues. Later issues are better dates. All Peace dollars, including the more-common mid-1920s dates, are exceedingly scarce in grades of MS66 or MS67.

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