Peace Dollar

Written by Kathleen Gagne
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The United States Peace silver dollar was first minted in 1921, the same year that Morgan silver dollars were reintroduced and then dropped. The cause of the peace silver dollar had been taken up by numismatists in 1918. There was strong feeling that the nation should commemorate the end of the World War by issuing a coin for peace. Unfortunately, the American Numismatitist Association convention was never held in 1918 due to an influenze epidemic, and interest in the coin was not revived until 1920.

In 1921, the House Committee on Coinage called for a peace silver dollar. Their goals were twofold; they not only wanted to associate the new coin with the lasting peace that many Americans expected, but they also needed to replace the 270 million Morgan silver dollar coins that had been melted down. Both goals were basically achieved, and the final Peace silver dollars were minted in Philadelphia in 1928.

Peace Dollars Today

The Peace silver dollar remains a popular collectible today for its beauty and for its connection with the end of the war to end all wars. Other than the very first coins minted in 1921 with a double strike, there are very few instances of these coins being worth more than a few dollars. As noted above, 270 million of them were minted, and many are still very much in circulation.

In 1964, Congress authorized the striking of 45 million more of the Peace silver dollars, but after only 300,000 were minted, they were all destroyed as the government authorized the creation of today's curpo-nickel clad coins. The assumption is that all of the 1964 Peace dollars were destroyed, but, if any were found to be in existence, they would most likely be worth more than face value!


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