The History of the Peace Dollar
The Peace Dollar was introduced in 1921 to commemorate the end of the First World War and symbolise America's hope for lasting peace.
Replacing the Morgan Dollar, the Peace Dollar was designed by sculptor Anthony de Francisci, who won a national competition to create the new silver dollar. His depiction of Liberty was inspired by his wife, Teresa, while the reverse features a bald eagle resting peacefully on a rock beneath the word PEACE.
Unlike the Morgan Dollar's more traditional design, the Peace Dollar embraced a modern, artistic style that reflected a new era following the war.
Peace Dollars were struck between 1921 and 1928, briefly resumed in 1934 and 1935, and then discontinued as demand for silver dollars declined.
The coin was produced at four United States Mints:
- Philadelphia (no mint mark)
- Denver (D)
- San Francisco (S)
- Carson City did not produce Peace Dollars.
The 1921 Peace Dollar is especially popular because it features a distinctive high-relief design that was only produced during its first year before being modified to improve striking quality.
Like the Morgan Dollar, Peace Dollars contain 90% silver, with an Actual Silver Weight (ASW) of 0.7734 troy ounces.
Today, Peace Dollars are admired for both their symbolism and their elegant design. Many collectors enjoy assembling complete date and mint mark sets, while others simply appreciate owning a historic American silver dollar that marked the beginning of a new chapter in world history.