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Peace Dollar

The Peace Dollar represents American ideals as the country began to assert itself on the world stage. The peace dollar was struck by the US Mint during a seven-year period, from 1921-1928, followed by a two-year mintage in 1934-1935.The Silver Peace Dollar coin succeeded the Morgan dollar which was minted last in 1921.

Created to celebrate America’s victory in World War I, these Silver coins helped establish the status of the U.S. as a major world power. The Pittmann Act sponsored by Nevada Senator Key Pittmann enabled the minting of the Silver Peace Dollar, as this federal law authorized US sale of standard silver bullions the proceeds of which will used for minting new silver dollars.peace silver dollar

The Peace Dollar’s designer was Anthony de Francisci who prominently rendered the word “PEACE” at the bottom of coin’s reverse side. The silver content of this coin is 0.77344, and it is the last silver dollar that was minted for US circulation.

There was brief minting of the Silver Peace Dollar coin in 1965 with the coins bearing the year 1964. For one reason or another, however, these coins were neither circulated to the public nor any of their examples released. The whole 1965 mintage was melted, perhaps along with the hopes of some avid numismatist and Peace coin collectors.

Peace Silver Dollars were the last type of United States one-dollar coins issued for regular circulation that had a composition of 90% silver.  So, despite the fact that many years and mintmarks were issued by the millions, each Peace dollar still has a minimum value just for its silver content alone.  Of course, many Peace dollars can be worth more than that based on their condition.

None of the 24 varieties of Peace dollars are exceptionally rare.  In higher Mint State grades, the Peace dollar is a very attractive coin.  Add to that the fact that in comparison with other dollars of earlier types, a full set of all 24 varieties can be assembled at a reasonable cost.  That is why many new collectors and lower budget collectors love Peace dollars.  They present a lot of value for the cost.

When attempting to sell Peace dollars you want to pay close attention to the mintmark and condition.  The right combination of year, mintmark, and condition can make a $15 coin quickly turn into a $150 coin.

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