postheadericon Silver Dollars 1922


The peace dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.
Designed by Anthony de Francisci, the Peace Dollar was so named because the word PEACE appears on the bottom of the coin's reverse. It contains 0.77344 troy ounces of silver, and was the successor to the Morgan Dollar, which had not been regularly minted since 1904. With the passage of the Pittman Act in 1918, the mintage of dollar coins was enabled to start again. Prior to the design and acceptance of the Peace Dollar, the Morgan Dollar was minted again in 1921.
After a six-year pause in minting, the Peace Dollar was again minted in 1934 and 1935. It was minted briefly in 1965 (dated 1964), but all examples of this issue were never released to the public and were melted. The Peace Dollar is the last silver dollar minted for circulation in the United States.
The original inspiration for the Peace Dollar was a paper published in the November 1918 issue of The Numismatist. In it, editor Frank G. Duffield called for a commemorative coin to mark the impending end of World War I. The paper was to be presented at the summer 1918 convention of the American Numismatic Association (ANA), but the convention was cancelled due to the Spanish flu pandemic.Duffield's paper stated that:
"An event of international interest, and one worthy to be commemorated by a United States coin issue, is scheduled to take place in the near future. The date has not yet been determined, but it will be when the twentieth century vandals have been beaten to their knees and been compelled to accept the terms of the Allies... It should be issued in such quantities that it will never become rare, and it should circulate at face value."
The theme for the proposed coin was elaborated upon at the Chicago ANA convention of August 1920. A paper written by Farran Zerbe called for a coin that would showcase the ideals of democracy, liberty, prosperity, and honor. The proposal called for either a half dollar or dollar, in order to provide as much space as possible for the design.
Return of the silver dollar
The biggest hurdle faced by proponents of the new coin was that no dollar coin had been minted for circulation in the United States since 1904, the last year of the Morgan Dollar. The demand for silver dollars was so low that vast quantities of Morgans were still sitting in bank vaults.That hurdle was overcome with the passage of the Pittman Act on April 23, 1918. Sponsored by Nevada Senator Key Pittman, the Pittman Act allowed the US government to melt as many as 350 million silver dollars, and then either sell the bullion or use it to produce subsidiary silver coinage. Additionally, the law required the government to mint replacement dollars for any that were melted, with domestically purchased silver.
Since the Act required the minting of new silver dollars, and since no new designs had been accepted, on May 9, 1921, the US Mint resumed production of the Morgan Dollar. More than 86 million Morgans were struck during that year, by far the single highest mintage in the coin's history. The same day that mintage of the Morgan resumed, legislation was introduced in the US Congress that called for the issuance a new silver dollar to commemorate the post-World War I peace. The measure did not come to a vote, but one was not needed. Since the Morgan had been in production (during its original run) for more than 25 years, alteration of the design no longer required legislative approval.
The job of designing the new coin would normally have fallen to George T. Morgan, the mint's chief engraver and designer of the Morgan Dollar. But in compliance with an executive order by President Warren G. Harding, an open design competition for the new dollar was held by the Commission of Fine Arts. Nine artists paticipated, including Adolph A. Weinman, Hermon A. MacNeil, and Victor D. Brenner, designers of the Mercury Dime, Standing Liberty Quarter, and Lincoln cent, respectively. The winner of the competition was an Italian immigrant and sculptor, Anthony de Francisci, whose most recent work had been the design of the Maine Centennial half dollar in 1920.
Production of the Peace Dollar commenced on December 21, 1921, and it was placed into circulation on January 3, 1922[5]. That same day, President Harding was presented with the first Peace Dollar Roughly one million examples were struck before it was realized that the relief on the coin was so high that it was difficult to strike, and the dies used were breaking at a high rate. The relief was lowered starting with the 1922 issue. That year more than 84 million Peace Dollars were struck, the highest mintage of the series.
End of production
By 1928, the US Mint had struck enough silver dollars (Morgan and Peace combined) to satisfy the requirements of the Pittman Act. Since public demand for silver dollars did not materialize, the mint halted production of the Peace Dollar that year (with fewer than two million struck). The Peace Dollar returned briefly in 1934 and 1935, as the government needed additional backing for Silver Certificates.
The coin almost made a return in 1964, when Congress approved the mintage of 45 million new silver dollars to fulfill the needs of the booming casino industry in Nevada.The decision was controversial due to a critical silver shortage in 1965, which led to widespread hoarding of silver coinage. In response to the shortage, Congress passed the Coinage Act of 1965, which authorized the removal of silver content from circulating coinage (except for the Kennedy half dollar) minted after December 31, 1964. But under pressure from some members of Congress from the Western states, President Lyndon B. Johnson issued an order on May 15, 1965 to resume production of the Peace Dollar (dated 1964 to allow silver to be included). 316,076 Peace Dollars were struck at the Denver mint that month, before Congress overrode the Presidential order and demanded that production cease. All the coins produced to that point were ordered to be melted. Although rumors persist that some examples still survive, owning them is illegal, making it unlikely that anyone who does own one will ever come forth publicly.
Production of dollar coinage did not resume until the Eisenhower Dollar in 1971. That coin, however, has no silver content, except for some sold directly to collectors by the Mint. Likewise, the Susan B. Anthony, Sacagawea dollars, and Presidential dollars that have been minted since the Eisenhower dollar contain no silver, making the Peace Dollar the last true silver dollar

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Frequently Asked Questions

    I have 18 silver dollars from 1922 that are in good condition. How much can i sell them for?
    Just wondering
    one of the 18 has the letter S marked under the word one, and one has the letter D marked under the word one

    • ANSWER:
      When it comes to coins, 'good' condition is in the lower range, and unless the coin is rare, there isn't going to be much interest in it. Yours are probably much better than 'good', in a range from very Good to About Uncirculated'. Even so, 1922 is pretty common in all mint varieties, so the value is in the silver content more than the collector value.

      If you want to sell them, a pawn shop will pay the absolute least. A coin dealer might pay more, but standard right now is 10 times face value, 11 if you're lucky, while the silver content as of today's closing price is .82.

      If you were to sell them on eBay, sell the entire group as one lot instead of selling them individually. You will get more than 'dealer' price. Maybe not as much as full market, but I've seen them go for more, especially when silver is on the rise instead of going the other way. If you sell one, and your cost for postage is , you won't do any better than the dealer, and maybe worse. But someone might be willing to pay apiece for all 18 of them, because the cost of shipping will be spread out over all of the coins. You can ship all of them in a small Priority Mail box, with full insurance (on the roughly 0 you'll get) for or less. That's fifty cents per coin instead of , and all that extra money goes in your pocket, not the coin dealer's.

      Bookmark the link below. It's a great site, and you can follow the daily prices of all US silver coins.

    how much is a silver 1922 peace dollar worth in fair condition?
    I have 2, 1922 silver dollars, in fair condition, also a few other coins, but I'd like to know an honest price?

    • ANSWER:
      1922 Peace dollars with any wear at all are going to be worth their silver value, which right now is about .

    where do I find silver coin buyers looking to buy 1922 silver dollars?

    • ANSWER:
      You can find them pretty much anywhere. Silver, being a precious metal, is highly sought after because of economic situations we find ourselves in. It would be a great idea to keep because precious metals retain their value as opposed to paper money's value being eroded by inflation (bailouts). However if you are hard up for money, you can post them on ebay as other have mentioned, but it may take a while because of the time it takes for the auctions to end. Craigslist or even going to your local coin shop can be a quicker solution. Pawn shops id be weary because they are out to make money. If you choose a pawnshop, call ahead to see how much they offer and save yourself a trip. If you do decide to sell, you should get between - each. The absolute minimum, being its silver melt value right now is .96. Anyone offering you less is out to rip you off. I hope this helps and good luck.

    What does the triangle on my 1922 silver dollar mean or represent?
    I have a 1922 silver dollar that I am trying to figure out what the triangle on it mean. I understand D is denver P i beleive is phillidelphia and so forth. but what does that triangle mean??

    • ANSWER:
      Introduced in December of 1921, the Peace dollar, designed by medalist Anthony de Francisci, was promulgated to commemorate the signing of formal peace treaties between the Allied forces and Germany and Austria. These treaties officially ended the Allies' World War I hostilities with these two countries. In 1922 the Mint made silver dollar production its top priority, causing other denominations to be produced sparingly if at all that year. Production ceased temporarily after 1928; original plans apparently called for only a one year suspension, but this was extended by the Great Depression. Mintage resumed in 1934, but for only two years.

      In May of 1965, 316,000+ Peace Dollars were minted, all at the Denver Mint and dated 1964-D; however, plans for completing this coinage were abandoned, and most of those already minted were melted, with two known trial strike specimens being preserved (for assay purposes) until 1970, when they too were melted, and none released either for circulation or collection purposes. It is rumored that one or more pieces still exist, most notably any examples obtained by key members of Congress, the President, or mint officials. However, this coin, much like the 1933 gold Double Eagle (aside from the "exception", sold in 2002 for over million), is illegal to own and would be subject to confiscation.

      Because of the size and weight of the dollar coins, they circulated minimally throughout their history, except in the West (especially at casinos in the early to mid 20th century, where they were commonly used both at the tables and at slot machines.) As a result, the coins were generally shipped to Washington and stored in the vaults of the US Treasury; at times these stores numbered into the hundreds of millions.

      They were very popular as Christmas gifts, however, and from the 1930s to the early 1960s, many bags were annually released to banks nationwide to be distributed as presents. In November 1962, during this annual distribution, it was discovered that there were some rare and valuable dates, still sealed in their original mint bags, all in uncirculated condition, among the millions of dollar coins still in the Treasury vaults. Collectors/investors/dealers lined up to purchase them in ,000 bags, trading silver certificates for the coins. Before this event, the great rarity of the Morgan series was 1903-O, which was by far the most expensive of the entire set. It was discovered that there were millions of this specific date and mint in the Treasury vaults; an estimated 84% of the entire mintage sat in these bags, untouched for 60 years, all in uncirculated condition. While still relatively expensive in circulated grades, uncirculated examples can be had for a modest amount over common dates.

      On March 25, 1964, the Secretary of the Treasury announced that Silver Certificates would no longer be redeemable for silver dollars. Subsequently, another act of Congress dated June 24, 1967, provided that Silver Certificates could be exchanged for silver bullion for a period of one year, until June 24,1968.

      Following this, the Treasury began to inventory its remaining stock of dollar coins, and found it had about 3,000 bags (3 million coins) still left, many of them Carson City mint dollars, which even then carried a premium. The coins were placed in special hard plastic holders and the General Services Administration (GSA) was given authorization to sell them to the public in a series of mail-bid sales. Five sales were conducted in 1973 and 1974, but sales were poor, and the results unspectacular. There was much complaining among the coin buying public, many stating that the United States Government should not be in the "coin business", especially considering that the government had spent little more than a dollar to mint and store each coin. After these sales, more than a million coins were still left unsold.

      These sat again until 1979-1980, where, amidst an extraordinarily volatile precious metals market, the remaining coins were sold under chaotic conditions. The GSA, having published minimum bids in November 1979, announced on January 2, 1980, that those minimum bids were no longer valid, and that prospective bidders would have to "call in" to a toll free number to get current minimum bids. Then, on February 21, 13 days after the bidding process officially began, the maximum number of coins per bidder was changed from 500 to 35. Many bidders, under these confusing conditions, ended up with no coins at all. Complaints again flooded in to Congress, but the damage had already been done, and the last silver dollars held by the United States Treasury were gone.

      Over the years, many of these GSA dollars have been broken out of their special holders for purposes of grading or otherwise, and now original, unbroken GSA dollars carry a small premium. Some third party grading companies have begun to grade coins still in their GSA holders, as a means of preservation,

    How much does a 1922 silver dollar coin?
    I have a silver dollar coin from 1922 I was wondering how much it was worth?

    • ANSWER:
      There are two major factors that will determine the value of your coin.

      First... you need to know what mint your coin came from. You can tell by looking for the mint mark, which, if the coin has one, can be found just to the left of the eagle's tail feathers on the back of the coin. If the coin is from the Philadelphia mint there will be no mint mark; if San Francisco look for a tiny letter "S"; Denver coins have a tiny "D". Coins vary in value, depending on which mint they came from.

      You also need to know the condition of your coin, and by that I mean how the coin would be graded in the coin market. Here's a link for you to learn a bit more about the grading system and how condition affects value:

      Next look at the Professional Coin Grading Service (PCGS) website to see the tremendous range in retail prices for 1922 US silver dollars. On this site you will see prices ranging from a low of to a high of ,000 -- all for 1922 silver dollar coins! Here's the link to the Peace Dollar (your coin type) page at PCGS:

      For prices actually realized on eBay for 1922 silver dollars, check this link:

    Have roll of uncirculated 1922 silver Liberty dollars, 14 circulated from 1884-1928. What value & how to sell?
    I also have 2 rolls of Kennedy half-dollars 1964 uncirculated, 8 circulated Kennedy half-dollars 1965 to 68. 1 had become dark, but others are still silver colored. What's the value & what's the best way to sell.

    • ANSWER:
      Try eBay. it works most of the time they probably could get you at least what they are worth.

    I have a 1900, 1935, 1923, 1924, 1921, 1922 silver dollars. Are they worth anything? ?

    • ANSWER:
      Unless they are in really good shape or are particularly rare years, they are only going to be worth the silver in them. You need to educate yourself on where the mint marks are too. Google "US silver coins" and you'll find a number of sites of interest. A good local library may have a book you could look them up in as well.

      They do have an ounce of silver each in them, so they are worth at least .50 or so last time looked at the price of silver.

    I have silver dollars from 1884, 1887, 1902, and 1922. What is the value of each of them per coin?
    I only have one of each coin.

    • ANSWER:
      greetings. depends on condition, are they worn or are they in like new condition? and what are the mint marks on them? those are the little letters minted on them that tell which mint they were made at. Currently most are made at the mint (coins that is) in Denver and have a little d on them. more valuable would be a small s for San Francisco. were also other mint marks like o or double oo. to get current value find the mint marks and figure out the condition. the value may be surprisingly low if they are of a common mint mark or in very poor condition or if they are dated with a date where huge numbers had been made of that design. Something like American coins. get coins made in 1964 when they made tons and tons of them and you have coins that will probably never go up in value. but you will never go below the silver content value of the silver dollar which is the current market price for stirling silver. 1 ounce per dollar coin back then.

    How much for a 1922 US Silver "Peace" dollar?
    I found a silver dollar from 1922 today. Any idea how much its worth roughly?

    • ANSWER:
      It is a common Peace dollar. Value is around in circulated grades. At silver being around an ounce there is about .50 in silver in the coin but dealers always pay less than silver spot for coins when they buy them and sell for more than spot. With silver going up it would be wise to just hold onto it for a while. The more common silver dollars that go to the melting pot the more the ones that don't are worth as a collectible.

    on the 1922 silver dollar is trust suppose to be spelled trvst?
    I have a 1922 silver dollar that has in God we trvst instead of trust, is that an error

    • ANSWER:
      No; it's an affectation. The Romans had no letter U and used a V instead.

      Julius Caesar in Latin was spelled Ivlivs (er they used an I for a J as well).

      Copying the Romans has led many people to feel important over the centuries.

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