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Peace Silver Dollar Values

How Much Is My Peace Silver Dollar (1921-1935) Worth?

By , About.com Guide

United States Peace Dollar Example
Image Courtesy of: Heritage Auction Galleries, Ha.com

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.  Therefore, if the price of silver is relatively high, the coin will be worth only the silver it is made out of.  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 Peace Dollar Doubled Die Obverse
1934-D Doubled Die Peace Dollar
Images Courtesy of: Heritage Auction Galleries, Ha.com

Condition or Grade Examples

Peace Silver Dollar Average Circulated Condition Circulated Peace Silver Dollar Average Uncirculated Condition Uncirculated
Click on the photos above for a larger image.
Photos courtesy of Teletrade Coin Auctions, www.teletrade.com
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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.

Peace Dollar mint mark location
Mint Mark Location
Images Courtesy of: Heritage Auction Galleries, Ha.com

Peace Silver Dollar Average Values and Prices

The following table lists the buy price (what you can expect to pay to a dealer to purchase the coin) and sell value (what you can expect a dealer to pay you if you sell the coin). The first column lists the date and mint mark (see the photo above) followed by the buy price and the sell value for an average circulated Walking Liberty half dollar.  The next two columns list the buy price and the sell value for an average uncirculated. These are approximate retail prices and wholesale values. The actual offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and a number of other factors that determine its worth.

Date & Mint Circulated   Uncirculated
Buy Sell Buy Sell
1921 * $80.00 $40.00 $380.00 $270.00
1922 $30.00 B.V. $45.00 $33.00
1922 D $28.00 B.V. $59.00 $41.00
1922 S $29.00 B.V. $63.00 $44.00
1923 $30.00 B.V. $45.00 $33.00
1923 D $30.00 B.V. $90.00 $60.00
1923 S $28.00 B.V. $65.00 $47.00
1924 $28.00 B.V. $44.00 $31.00
1924 S $39.00 $22.00 $370.00 $270.00
1925 $29.00 B.V. $45.00 $33.00
1925 S $37.00 $21.00 $160.00 $100.00
1926 $29.00 B.V. $72.00 $51.00
1926 D $29.00 B.V. $120.00 $80.00
1926 S $28.00 B.V. $80.00 $60.00
1927 $36.00 $21.00 $150.00 $110.00
1927 D $35.00 $20.00 $280.00 $200.00
1927 S $36.00 $20.00 $340.00 $240.00
1928 * $240.00 $130.00 $670.00 $450.00
1928 S $39.00 $22.00 $320.00 $230.00
1934 $37.00 $20.00 $160.00 $110.00
1934 D $35.00 $20.00 $250.00 $190.00
1934 S $48.00 $26.00 $2,800.00 $1,900.00
1935 $36.00 B.V. $90.00 $60.00
1935 S $35.00 B.V. $290.00 $210.00

B.V. = Bullion Value; Look up the Current Bullion Melt Values of U.S. Silver Coins
*= 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.

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Disclaimer: The information on this site and all subsequent communications are provided for discussion purposes only, and should not be misconstrued as investment advice. All information, including valuations, on this website has been compiled from reliable sources and every effort has been made to eliminate errors and questionable data. However, the possibility of an error in a work of this magnitude always exists. Additionally, further analysis, research and/or discoveries may challenge the beliefs presented in this article. The author and About.com will not be responsible for any losses that may occur in the purchase, sale, or other transaction of coins and other items because of the information that is contained on this website. Visitors who feel they may have discovered an error or inconsistency are asked to please contact the guide so that the situation may be investigated and/or corrected. Under no circumstances does this information contained on this website represent a recommendation to buy or sell coins, precious metals, exonumia or paper currency.

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