Peace Silver Dollar

Introduced in 1921, the Peace Silver Dollar was created to commemorate the restoration of peace following World War I and to represent a new era for the United States. Designed by sculptor Anthony de Francisci, the obverse features a youthful portrait of Liberty wearing a radiant crown, while the reverse depicts a bald eagle at rest upon a mountaintop, clutching an olive branch above the word PEACE. The first 1921 coins were struck in dramatic High Relief, giving the design exceptional depth but proving difficult to produce efficiently. Beginning in 1922, the relief was lowered for regular production. Struck in 90% silver, Peace Dollars were produced from 1921 through 1928 and again in 1934 and 1935 at the Philadelphia, Denver and San Francisco Mints.

As the successor to the Morgan Dollar, the Peace Dollar represents the final chapter of America’s classic circulating silver-dollar era. Its relatively short production period, distinctive Art Deco-influenced design and wide range of dates, mintmarks, grades and strike characteristics have made it a longtime favorite among collectors. The 1921 High Relief, low-mintage 1928 Philadelphia issue, and key San Francisco dates are among the series’ most closely followed coins. In 2021, exactly a century after its introduction, the United States Mint revived the Peace Dollar as a modern collector issue, introducing the historic design to a new generation. More than a century after its debut, the Peace Dollar remains both a highly collectible American silver coin and an enduring numismatic symbol of the nation’s hope for peace following one of history’s most devastating conflicts.