Peace Dollar Values
How Much Is My Peace Silver Dollar (1921-1935) Worth?
By James Bucki, About.com Guide
This guide will give you an idea of how much your Peace Silver Dollars minted from 1921 to 1935 are worth. The table below provides average coin values based upon the condition of the coin. If the coin shows evidence of wear on it due to being used in commerce, it considered "circulated." If it was never used, then it is classified as "uncirculated." The pictures below illustrate examples of each condition. Some coins are very valuable even in well worn condition. Please note, you cannot increase a coin's value by cleaning it. In fact, cleaned coins are worth considerable less and coin dealers can spot a cleaned coin immediately. Therefore, never, never, never clean your coins.
Introduction to Coin Values
There are many factors that go into determining the value of your coins. First of all you must understand how the coin market works. If the coin dealer runs out of 1921 Peace Silver Dollars, he cannot just call the mint and order more of them because the mint does not make coins dated 1921 anymore. The coin dealer must replenish his supply by buying coins from other dealers or people who walk into his shop. What he pays you for that coin is known as the "wholesale price" or "value." If you want to buy that 1921 silver dollar from the coin dealer, that is known as the "retail price" or "price."
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Market Analysis
Well worn Peace Dollars derive a majority of their value from the silver content of the coin. As of this writing, silver was $34.00 per troy ounce. Peace Silver Dollars are a relatively short series of US coins to collect and therefore there is usually a pretty good demand for them. If you want to get paid top-dollar for your Peace Dollars, you need to sort them and organize them so the coin dealer can quickly see what you have.
Key Dates, Rarities and Varieties
The following Peace silver dollars in any condition, are worth considerable more than common ones. As such, these coins are sometimes counterfeit or altered from common examples. Therefore, before you start celebrating your early retirement with your new found fortune, have the coin authenticated by a reputable coin dealer or third party grading service.
- 1921
- 1928
- 1934-D Doubled Die (see photo below)
1934-D Doubled Die Peace Dollar |
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| Images Courtesy of: Heritage Auction Galleries, Ha.com | |
Condition or Grade Examples
Circulated
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Uncirculated
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Click on the photos above for a larger image. Photos courtesy of Teletrade Coin Auctions, www.teletrade.com Quick Links: |
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Mint Marks
Peace Dollars were produced at three different mints: Philadelphia (no mint mark), Denver (D) and San Francisco (S). As illustrated in the picture below, the mint mark is located on the reverse of the coin, just below the word "ONE" on the left side.
 Mint Mark Location |
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| Images Courtesy of: Heritage Auction Galleries, Ha.com | |
Average Circulated and Uncirculated Values
The following table lists the value (what you can expect a dealer to pay you) for your Peace silver dollars. The first column lists the date and mint mark (see above) followed by the value of an average circulated coin and the average value for an uncirculated one. These are approximate values and the actual offer that you will receive from a particular dealer will vary depending on the actual grade of the coin and a number of other factors.
| Date | Avg Circ | Avg Unc |
|---|---|---|
| 1921 * | $100.00 | $340.00 |
| 1922 | $24.00 | $40.00 |
| 1922 D | $24.00 | $39.00 |
| 1922 S | $24.00 | $39.00 |
| 1923 | $24.00 | $34.00 |
| 1923 D | $24.00 | $67.00 |
| 1923 S | $24.00 | $42.00 |
| 1924 | $24.00 | $34.00 |
| 1924 S | $26.00 | $250.00 |
| 1925 | $24.00 | $32.00 |
| 1925 S | $24.00 | $100.00 |
| 1926 | $24.00 | $47.00 |
| 1926 D | $24.00 | $90.00 |
| 1926 S | $24.00 | $54.00 |
| 1927 | $26.00 | $90.00 |
| 1927 D | $26.00 | $170.00 |
| 1927 S | $27.00 | $190.00 |
| 1928 * | $300.00 | $500.00 |
| 1928 S | $26.00 | $200.00 |
| 1934 | $30.00 | $100.00 |
| 1934 D | $28.00 | $180.00 |
| 1934 D Dbl Die | $80.00 | $700.00 |
| 1934 S | $46.00 | $2,000.00 |
| 1935 | $30.00 | $62.00 |
| 1935 S | $30.00 | $250.00 |
*= See the section above "Key Dates, Rarities and Varieties" for more information on these coins.
These values have been compiled through my personal analysis of the coin market, referencing publications such as Numismatic News,
Coin World, "The Official Blue Book; Handbook of U.S. Coins," The Coin Dealer Newsletter,
published auction results and consulting with various coin dealers.
Read More About Peace Dollars:
How to Grade Peace Silver Dollars VAMs - What are VAMs What Determines the Value and Price of Coins?
Read About How to Sell Your Coins
How to Sell Your Coins for the Most Money How to Find an Honest Coin Dealer How to Sell Coins on eBay
Read How to Preserve and Protect Your Coins
Protecting, Preserving and Storing Your Coin Collection Seven Ways to Ruin Your Coins
