Tuesday, April 10, 2012

Peace Dollar (1921 - 1935)


Initially a commemorative coin to honor the peace of World War I, the Peace Dollar was designed by Anthony de Francisci in 1921. His monogram is located in the coin's field under the neck of Liberty. On the obverse, the Peace dollar depicts Miss Liberty facing left, wearing a crown similar to that seen on the Statue of Liberty. LIBERTY is above, while IN GOD WE TRUST and the date are below. The reverse portrays an eagle standing bold atop of a mountain peak, along with a laurel branch and PEACE inscribed below. UNITED STATES OF AMERICA and E PLURIBUS UNUM are above, while ONE DOLLAR is to be seen just below the center. Rays of an unseen sun emanate from the lower right.

The existence of the Peace dollar is credited to Farran Zerbe, a coin collector with enough political influence to get the approval on releasing a coin to commemorate the peace of World War I. Zerbe was also a late historian of the American Numismatic Association. The Peace Dollar was put into circulation in January 1922, even though over 1 million pieces had been struck in December 1921. Issues of 1921, and a few pieces dated 1922, were in high relief. It was found that the high relief caused problems in having the pieces strike up properly, so in 1922 the motifs were redone to a shallower format. The rare Matte and Satin Finish Proofs of 1922 are of both the high-relief style of 1921 and the normal or shallow relief style.

Mintage of Peace silver dollars was continuous from 1921 through 1928 and again in 1934 and 1935. In 1964, the Denver Mint struck 316,076 Peace Dollars but, before they were released into circulation, all of the coins were destroyed. A few may have been purchased or "taken" by Mint employees and rumors persist of this coin's existence. However, for fear of confiscation by Treasury officials, none have yet appeared on the market. Were it legal to own, the 1964-D Peace Dollar would become one of the most valuable of all United States coins.

When it comes to collecting Peace dollars, the 1928-P is a key date, commanding a good price even in well-circulated grades. Most of the San Francisco issues are tough in uncirculated grades, particularly the 1927-S and 1928-S as well as the 1924-S and 1934-S.

The Executive Coin Company offers a wide selection of Peace Dollars including the rare key date 1921 Peace Dollar. Our selection consists of Peace Dollars uncertified or certified by PCGS, NGC and ANACS. We offer high grade Peace Dollars including certified MS67, 1928-P key date peace dollars and the sought out 1934-S. If you're looking for an original peace dollar with Superb Eye Appeal, Full Luster and Strike, Blast White surfaces, Original Skin, or Toning, we have it. Please check out our inventory below. We are confident you will find a Peace Dollar perfect for your unique collection.