Silver Peace Dollars NGC MS 60 (Random Year, 1922-1935)

Silver Peace Dollars NGC MS 60 (Random Year, 1922-1935)

Introduction:

Peace Dollars are a mark of America’s victory in World War I. These silver coins are the dollar coins of the United States of America which were minted for a brief period of 1921 to 1928 and again from 1934 to 1935. Design by Anthony de Francisci, which was selected after holding a competition for the new design, it features a profile portrait of Lady Liberty on the obverse and a majestic eagle on the reverse. This was the last silver dollar coin of the United States of America to be struck for circulation.

Coin Features:

• Contains .77344 Troy Ounce of .900 fine Silver.
• Graded by NGC – MS 60.
• MS – Mint State. 60 – Weak or average strike with no trace of wear. Numerous abrasions, hairlines and/or large marks (there may be many large detracting contact marks (bag nicks), or damage spots, but absolutely no trace of wear).
• Obverse: Features a left-facing portrait of Lady Liberty wearing a radiate crown with several loose strands of hair blowing in the wind, a design by Anthony de Francisci, modeled by Teresa de Francisci. Inscriptions – “LIBERTY,” “IN GOD WE TRUST,” Year of Mintage.
• Reverse: A majestic bald eagle perched on a mountain top holding an olive branch in its talons on a background of sunrise. Inscriptions ­ “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “PEACE,” “ONE DOLLAR.”
• Minted from 1921-1935. Dates will be chosen randomly based on availability within the mentioned period.
• Minted at Philadelphia (No Mint Mark), Denver (D), and San Francisco (S) Mints.
• The individual coin will be shipped in a secure and sealed first-class envelope. More than five will be shipped in a sealed cardboard box.

• 100% Authentic.

Why Buy Silver Peace Dollars?

• This is a coin that is worth more to collectors due to their age, history, and numismatic appeal.
• Can be a great long term investment option, in case of the silver price drops, its numismatic value will still attract collectors towards it.
• A certified mint state Peace Dollar can bring in a lot of money in the auction.
• A set of these coins would make a fine gift to near and dear ones with its pure silver content.
• Peace Dollar silver coins are a relatively short series of American coins to collect and hence has a lot of demand.
• Even if a Peace Dollar is in a worn condition, it still can fetch a profit for its silver content when the silver prices hike.

• NGC grading is one of the most trusted and strict grading systems, hence the NGC graded Peace Dollars have a lot of demand.

Detailed Information:

The peace dollar is a mark of America’s victory in World War I. It was first minted on December 28, 1921, by the US Mint. The peace dollar is a rather short-lived series that was minted from 1921-1928 and then from 1934-1935. Although it is a short-lived series an abundant number of coins were minted at the three branches of the US Mint; the Philadelphia Mint, the Denver Mint, and the San Francisco Mint. The coins struck at Philadelphia Mint do not contain a mint mark as mint marks were not issued; however, the coins minted at the Denver Mint have a mint mark “D” and those minted at the San Francisco Mint have a mint mark “S.”

Millions of silver dollars were struck by the United States Mint with the passage of the Pittman Act in 1918 and this began in 1921 with the mintage of Morgan dollars. However, an idea to release a new victory coin to memorialize peace post World War I which was available at face value was put forth by the editor of “The Numismatist” in 1918, Mr. Frank Duffield. Although the urging by numismatists did not yield the Congress to pass the bill, it was soon learned that the Morgan Dollars had been struck for more than 25 years, and therefore, a new coin could replace the Morgan Dollar without congressional approval and could be done at the discretion of the Secretary of Treasury under an 1890 act.

A competition was held by the Commission of Fine Arts on behalf of the Mint Director to come up with some attractive designs for a new coin. There was a need to produce the coins before 1921 was over, as President Harding had signed the fine peace declaration with Germany in November 1921, so the competition was held in a short notice period and the artists had not much time for preparation. It was a 10-day long competition and only eight artists had been invited to participate in the competition. The design of a New York sculptor, Anthony de Francisci won this competition. He was an assistant to Adolph Weinman and a student of the great Augustus Saint-Gaudens.

Due to the lack of time as said above, de Francisci did not have time to hire a model for his obverse design, so he designed the profile portrait of Lady Liberty using the features of his wife Teresa de Francisci, an Italian born woman. In comparison to the Morgan Dollar Lady Liberty, the Peace Dollar Lady Liberty has a more lifelike appearance with well-defined nose, forehead, lips, and cheekbones.

On the reverse, originally de Francisci had designed a bald eagle in rest perched on a mountain top over a branch of olive and a broken sword, which was intended to show the victory of America in World War I. However, “The New York Herald” and some war veterans viewed broken sword as a mark of defeat. This news appeared in The New York Herald and therefore before being struck, the design was changed. The broken sword was slowly cut from the die and was converted to an extra olive branch with some leaves and little olives. The reverse design also had the word “PEACE” in bold letters at the bottom of the coin, and thus the coin got its name as Peace Dollar.

This US silver coin was intended to commemorate the end of World War I as well as the Conference of Limitation of Armaments to prevent future wars.

Another interesting thing is, in the “IN GOD WE TRUST” inscription, the U in the trust is spelled as V which according to the mint is a Roman character for U and in fact, not a V.

The 1921 strikes were a high relief strikes and since it was difficult to strike these coins which destroyed the dies after a few strikes, the high relief was toned down to a low relief from 1922 onward.

The Peace Dollar is a short series and therefore easier to complete a set which has led to high demand for it mostly from collectors. However, investors also love to invest in it for the pure amount of silver in these coins. It is made from 90% silver and 10% copper, hence investors also see an advantage in these coins.

Bullion Exchanges is pleased to offer you the Silver Peace Dollars NGC MS 60 (Random Year, 1921-1935) at one of the most competitive prices in the industry.

Browse our vast collection of Silver Peace Dollars and other Silver Coins, and feel free to contact us at 800-852-6884 if you have any questions in regards to Silver Peace Dollars or any other coins.

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