1921 Peace Dollar

4/15/2022 admin

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In all, only 1,006,473 Peace dollars were struck in 1921, some of which were struck in a matte proof version. 1921 Peace dollars are quite popular with coin collectors as a first-year type coin, and thus are in high demand in all grades. Values range from around $125 for VF-20 1921 Peace dollar up to $300 for one grading MS-60.

The 1921 Peace Dollar (Buy on eBay) was the first year of issue for the new series of silver dollars. Slightly more than one million coins were produced at the Philadelphia Mint during the period from December 28 to December 31, 1921. The coins would be released into circulation early in the following year.

In all, only 1,006,473 Peace dollars were struck in 1921, some of which were struck in a matte proof version. 1921 Peace dollars are quite popular with coin collectors.
The 1921 Peace dollar is a very interesting and extremely important coin. It is, of course, the first year of issue for the Peace dollar series. Slightly over a million pieces were struck, a modest mintage for a silver dollar. But the 1921 was struck in very high relief, not unlike the 1907 High Relief $20 St.

All of the coins were struck in high relief, representing only the third U.S. circulating coin to be struck in the format. The high relief proved difficult in production at the Philadelphia Mint since the high pressure required to properly strike the coins resulted in short die life and excessive breakage. The problem would be addressed by striking the coins at lower pressure to compensate. Although this served to extend die life, the adjustment resulted in most 1921 Peace Dollars being weakly struck. The vast majority of coins encountered will exhibit a lack of detail at the centers, apparent at the hair near Liberty’s ear and the feathers on the eagle’s chest.

Despite having one of the lower mintages of the series, the 1921 Peace Dollar remains readily available in grades up to MS64. A portion of the original mintage was held back from circulation and stored in government vaults. Additionally, many pieces released to the public were saved as representatives of the first year for the new design. This results in an ample supply of uncirculated examples remaining available.

1921 Peace Dollar Ms64

Collectors seeking to add this coin to their collection might want to exercise patience and wait for a fully struck example to come along. Although these pieces are in the distinct minority and clearly much more beautiful, they often sell without a premium to average or weakly struck examples.

1921 Peace Dollar Mintage and Specifications

Date: 1921
Mint mark: none (Philadelphia)
Mintage: 1,006,473
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm

The 1921 Peace Dollar has a value of between $125 and $6,500
Type: Peace Dollar
Value: $125 to $6,500
Silver Value: $20.96Mintages: 1 Million
Metal Content: 90% silver, 10% copper
Raw Weight: 26.73 g
Silver Weight: .7735 oz
Face Value: $1.00
Diameter: 1.5 in
Edge: Reeded
Years Minted: 1921–1928 and 1934,1935

1921 Peace Dollar Ms 65

The 1921 Peace Dollar was the first of these fine silver dollars to be issued. The coin was designed by Anthony de Francisci as an alternative to the Morgan Dollar, and in honor of the peace accords following World War I. Because of the Pittman Act in 1918, millions of silver dollars were to be minted and, in 1921, production of the Morgan Dollar, and then the Peace Dollar began. From 1921 until 1928 when the fulfillment of the Pittman Act took place, millions of Peace Dollars were struck.