Buy Silver Peace Dollars Online from CBMint
Buy Peace Silver Dollars Online
The successor to the famed Morgan Silver Dollar, the Peace Dollar was minted from 1921 until 1928, and from 1934 until 1935. The 1918 passage of the PIttman Act forced the United States Mint to strike millions of silver dollars. Initially, in 1921, the old Morgan design was used. However, numismatists and others lobbied for a design change to commemorate the peace treaty ending World War One. The Peace Dollar was approved by the US Treasury in 1921, and was the last US dollar coin struck from silver. The design of the Peace Dollar was the result of a competition, being eventually won by Anthony de Francisci, though there was some public controversy over the initial design.
Once a design was finalized, production of the Peace Dollar began in earnest, with over one million coins produced in 1921 alone. The public took considerable interest in buying Silver Peace Dollar coins -- the first shipment of 75,000 coins to the New York Federal Reserve Bank was nearly exhausted in the first day. Though production ended in 1935, there is an interesting historical footnote to the story of the silver Peace Dollar.
Legend of the 1964 Peace Dollar
In 1964, the US Congress passed an Act allowing the striking of 45 million silver dollars. These new dollars were to be used in Nevada casinos and the western states, where hard money was more common. Faced with resistance from Mint and Treasury officials over the necessity of the new dollars, nevertheless, in 1965 over 300,000 coins, known as 1964-D Peace Dollars, were struck. As their market price was deemed to be much higher than their $1 face value, they would not circulate and the Denver Mint melted all of them down.
Design of the Silver Peace Dollar
The Peace Dollar design of de Francisci depicts Liberty in profile on the obverse, along with the date and motto. The reverse shows a bald eagle, perched, and holding an olive branch. Underneath this is the legend "Peace," which gives the Peace Dollar its unofficial name. Other than trying to buy 1921 Peace Dollars with high relief, none of the issues are particularly rare, even in high grades.
Buying Peace Silver Dollars Online
Today, it is easy for collectors to buy Peace Dollars online, as, unlike Morgan Silver Dollars and pre-1933 US Gold coins, Peace Dollars were not confiscated and melted down by the US Treasury. Early years were often hoarded, so it is possible to find high-grade coins from this time, up to MS-66. The 1934 and 1935 issues saw heavier circulation, however. Though its easy to buy Peace Silver Dollars from these years in circulated condition, the higher grades are rare.