The History Of Peace Silver Dollars

Posted by Derek Sawchenko on

After WWI many numismatists lobbied the US mint to memorialize the peace following the war in the form of a coin. Even though they failed to get congress to pass a bill that would fulfill their goals, they were able to get the approval of Treasury Secretary Andrew Mellon in late 1921, and thus, the Peace Dollar was authorized. The Peace Dollar was minted between 1921 and 1928, with only around one million bearing the 1921 mintmark. The obverse bears the profile of lady liberty, beautifully rendered by competition-winning designer Anthony de Francisci. The reverse carries a simple yet elegant illustration of a perched bald eagle with an olive branch in its grasp, with “Peace” emblazoned below. The Peace Dollar was also briefly struck between 1934 and 1935, and again in 1965 bearing a 1964 mint mark, however, most experts agree that the approximately 300,000 coins produced carrying that 1964 mint mark were never officially issued and were all melted down for their silver content. The circulated coins were struck at the Philadelphia, San Francisco, and Denver mints. There was initially some controversy over the design, as the original had the eagle holding a broken sword as well as the olive branch. After the war, many Americans were quite sensitive when it came to their national symbols, and the broken sword signified defeat, and not peace, so the design was changed, which ultimately landed on the lone olive branch design. Although not as popular as its predecessor, the Morgan Silver Dollar, the Silver Peace Dollar is still considered a beautiful coin in its own right. Certified Coin Consultants of Rockville Centre is happy to buy, trade, and sell many gorgeous NGC, PCGS, and CAC Peace Silver Dollar coins. With an A+ rating from the Better Business Bureau, you can be assured you won’t be disappointed. So call, email, reach out on social media, or visit Certified Coin Consultants and have a talk with the most knowledgeable, friendly, representatives today!   

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