How Much Is My Peace Dollar Worth?
Peace dollars were minted from 1921 to 1935 to commemorate the end of World War I. They contain 0.77 oz of silver and feature a stunning Art Deco design of Liberty. Most Peace dollars are worth $25-$50, but key dates like the 1928 and 1934-S can bring hundreds or more.
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Why Knowing Your Peace Dollars Value Matters
Peace dollars are the last US silver dollars struck for circulation and hold strong sentimental and numismatic value. Every coin contains nearly an ounce of silver, setting a price floor around $25. Key dates command substantial premiums — the 1921 high relief ($80+), 1928 Philadelphia ($200+), and 1934-S ($75+) are the coins to watch for. Peace dollars are commonly found in estate collections and safe deposit boxes, making a quick value check essential before selling.
Key Factors That Affect Peace Dollars Value
Understanding what drives the price of peace dollars helps you get the most accurate valuation.
Key Dates
1921 (high relief, first year): $80-$300+. 1928 (only 360,649 minted in Philadelphia): $200-$500+. 1934-S: $75-$300+. 1927-D: $50-$200+. 1925-S and 1927-S are semi-key dates worth $30-$100+.
1921 High Relief
The 1921 Peace dollar was struck in high relief with deeply sculpted details. It's the first year of issue and visually distinct from later years. Worth $80+ in VG and $200+ in MS-63, it's the most recognizable and sought-after date in the series.
Condition & Luster
Peace dollars in VG-VF grade typically sell for $25-$35 for common dates. AU coins bring $35-$50. Uncirculated (MS-63+) examples are worth $45-$100+ for common dates and much more for key dates. Original mint luster is a major value driver.
Silver Content
Each Peace dollar contains 0.7734 troy ounces of 90% silver, providing a minimum melt value tied to silver spot prices. This makes even damaged or cleaned Peace dollars worth at least $20-$25.
Mint Marks & Mintage
Peace dollars were struck in Philadelphia (no mint mark), Denver (D), and San Francisco (S). The mint mark is on the reverse, near the eagle's tail feathers. San Francisco coins from 1925-1935 tend to have lower mintages and higher values.
Tips for Valuing Peace Dollars
Get the most accurate valuation by following these tips when photographing your peace dollars.
Photograph both sides clearly — the date is on the obverse below Liberty's neck
Check the reverse near the eagle's tail for the mint mark (D or S)
Look for the 1921 high relief design — the details are noticeably deeper than later years
Don't clean the coin — original toning and luster add significant value
Peace Dollars Market Insights
Peace dollars are a staple of US coin collecting with broad, stable demand. Common dates trade primarily on silver content, making them accessible to beginning collectors and silver stackers alike. Key dates have shown steady appreciation over decades. The 2021 centennial re-issue of the Peace dollar brought renewed mainstream attention to the series. Dealer demand is strong and Peace dollars are among the most liquid US coins on the market.
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Peace Dollars Valuation FAQ
What is the most valuable Peace dollar?
The 1928 Philadelphia Peace dollar is the key date with only 360,649 minted. It's worth $200+ in VG condition. The 1921 high relief ($80+), 1934-S ($75+), and 1927-D ($50+) are also high-value dates.
How much silver is in a Peace dollar?
Each Peace dollar contains 0.7734 troy ounces of 90% silver, identical to Morgan dollars. At current silver prices, this gives every Peace dollar a minimum value of $20-$25 regardless of date or condition.
Are all Peace dollars valuable?
Yes — every Peace dollar is worth at least its silver melt value ($20-$25+). Common dates in circulated condition sell for $25-$40. Key dates and uncirculated examples are worth significantly more.
What's the difference between 1921 Morgan and 1921 Peace dollars?
Both were minted in 1921, but they are completely different designs. The Morgan has Liberty wearing a Phrygian cap. The Peace dollar shows Liberty with a radiant crown in Art Deco style. Both contain the same silver content.
Where is the mint mark on a Peace dollar?
The mint mark is on the reverse (back), near the tip of the eagle's tail feathers at the bottom. D = Denver, S = San Francisco. No mint mark = Philadelphia.