Rare coins come in all shapes and sizes, from a variety of different years and with a plethora of markings, symbols and traits. Because of this, it makes them tremendously hard to find—especially when you’re talking about something like the Peace Silver Dollar.
If you’re a seasoned coin collector in Indianapolis, IN, chances are, you’ve heard of this coin before and if you’re lucky enough to have one in your possession, you’re likely wondering just how much it might fetch today. If you’re in the sellers market or are willing to part with a Peace Silver Dollar for the right price, Diamond Stamp & Coin is here to help! We have years of experience and expertise when it comes to rare coins, including the Peace Silver Dollar.
If you’re not in the know about this rare coin, but have one in your possession, take a gander at some important information that might help you feel a little more comfortable in unloading it on a collector like Diamond Stamp & Coin.
Getting to know the coin
So what does a Peace Silver Dollar look like and how do you know you have one? Firstly, a Peace Silver Dollar features a profile of Lady Liberty, along with the words “Liberty” and “In God We Trust” on its face side. The reverse side features a bald eagle with an olive branch with swords in the background.
The coin was designed by Anthony de Francisci as part of a competition to create a true emblem of peace. The original design featured a broken sword, but was then changed due to public outcry that such images displayed defeat instead of peace. The upright swords in the background were added in place of the broken one.
The Peace Silver Dollar was minted from 1921 to 1935, and due to the Pittman Act, which passed in 1918 and which required the United States Mint to produce millions of silver dollars, there were many Peace Silver Dollars in circulation.
Why the peace silver dollar is rare and valuable
Even though many were in circulation, Pace Silver Dollars are still quite rare, due to the limited time in which they were minted. The fact that there is actual silver in the silver dollars still makes them valuable, although that will depend upon the silver content of the coin and the current price of silver. Peace Silver Dollars are much more rare and much more valuable than your average silver dollar.
Why wear and tear should not be discouraging to collectors
If a coin shows evidence of wear and tear, it is considered to be a sign that the coin was indeed in circulation and used. This usually does not impact the value of the coin unless it is tremendously severe—it is advised to not clean a coin that was in circulation, as such is likely to lessen the value of such a coin.
An uncirculated coin, which is pristine and usually wrapped in protective casing, is also sure to be valuable. Peace Silver Dollars from 1921, 1928, 1934-D and an uncirculated 1934-S are extremely rare, and therefore exceedingly more valuable than other Peace Silver Dollars.
How to determine the value of a peace silver dollar
So how can you determine the value of the coin? A coin appraiser may be the best way. At Diamond Stamp & Coin, we specialize in coin appraisal, especially of rare coins in Indianapolis, IN, and we travel all throughout the U.S. to appraise and purchase rare coins. If you have a rare Peace Silver Dollar that you would like to sell, contact us today at 317-356-9980.