Did you know that a coin from nearly a century ago could be worth a small fortune today? The U.S. Mint released a special series of silver coins called “Peace Dollars” to celebrate the end of World War I.
Although these coins were made between 1921 and 1935, some rare versions are now highly valuable, with one fetching as much as $132,000 at an auction! Let’s dive into the history of these coins and how much they’re worth today.
A Glimpse into History: The Peace Dollar
After World War I, which was initially called “the war to end all wars,” the world was filled with hope for peace. To commemorate this optimism, the U.S. Mint produced the Peace silver dollar.
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The front of this coin, also known as the “obverse,” features a crowned Lady Liberty, while the back (“reverse”) shows an eagle perched over a rising sun. These coins were minted from 1921 to 1928 and then again in 1934 and 1935.
How Much Is Your Peace Dollar Worth?
While many Peace dollars were put into everyday circulation, most of these coins today only carry nominal value based on their silver content. However, there are exceptions.
The rarest and most valuable of these coins is the 1928-P Peace dollar, which was issued in Philadelphia. With only 360,000 coins produced, these pieces can sell for anywhere between $150 and $300, depending on their condition.
The $132,000 Peace Dollar: A Record-Breaker
Not all Peace dollars are ordinary. A special 1921 “high relief” Peace dollar set a new record in 2018 when it sold for an astounding $132,000 at an auction. The reason this coin is so valuable lies in its design.
The “high relief” detail means it had a deep, intricate design that was hard to strike perfectly. As a result, coins that are fully struck and in mint condition are extremely rare and command high prices.
Other Valuable Peace Dollars
While the $132,000 coin was a rare outlier, other Peace dollars also fetch impressive sums. Here’s a list of some of the most valuable Peace dollars:
- 1928 S Peace Dollar: $16,500
- 1925 S Peace Dollar: $15,000
- 1924 S Peace Dollar: $8,200
- 1934 S Peace Dollar: $8,000
- 1927 S Peace Dollar: $6,200
- 1927 D Peace Dollar: $4,250
- 1928 Peace Dollar: $3,500
- 1923 S Peace Dollar: $2,800
- 1921 Peace Dollar: $1,600
- 1935 S Peace Dollar: $1,350
What to Do If You Own a Peace Dollar?
If you think you have one of these valuable coins, it might be worth getting it appraised. Even if your Peace dollar is not one of the rarest, its silver content still gives it some value. Plus, it’s a great piece of history to own!
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Conclusion
In conclusion, the Peace Dollar is not just a piece of currency; it represents a significant moment in history following World War I.
While most Peace Dollars may not be worth much beyond their silver content, rare versions, like the 1928-P and the celebrated 1921 “high relief,” can fetch impressive amounts at auction. If you have any Peace Dollars tucked away, it’s worth taking the time to check their value.
Not only could you uncover a hidden treasure, but you’d also hold a fascinating piece of American history in your hands. So, take a look at your coins—who knows what you might find!
What is a Peace Dollar?
A Peace Dollar is a silver coin minted by the U.S. Mint to celebrate the end of World War I. It features a crowned Lady Liberty on the front and an eagle on the back, symbolizing peace.
How many Peace Dollars were minted?
Peace Dollars were minted from 1921 to 1928, with additional minting in 1934 and 1935. The total number varies by year, with some years producing fewer coins, making certain dates more valuable.
What is the most valuable Peace Dollar?
The most valuable Peace Dollar is the 1921 “high relief” version, which sold for $132,000 at auction. Other valuable coins include the 1928 S and the 1925 S, which can be worth thousands of dollars.
How can I tell if my Peace Dollar is valuable?
The value of a Peace Dollar depends on its rarity, condition, and demand among collectors. A professional appraisal can help determine its worth, but rare coins in mint condition typically fetch higher prices.
Are all Peace Dollars worth a lot of money?
No, most Peace Dollars have only nominal value based on their silver content. Only specific years and mint marks hold significant value among collectors.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.