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What is a Peace Dollar?
The Peace Dollar is a rare silver coin designed by Anthony de Francisci in 1921 and released in 1922 by the United States Mint. It was crafted to commemorate the peace after World War One, hence its name. In 1926, production of dollars ceased entirely due to a run on silver bullion from other countries, most notably China. During the Great Depression, production of the rare silver dollar ceased in 1933. During World War II, the United States refused to trade with anyone who possessed gold or silver that was not part of direct transactions between governments. This policy extended even to rare coins like the Peace Dollar.
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Why Collect Peace Dollars?
In 1946, the rare silver dollar was reissued as a rare legal tender coin. In 1964, the Coinage Act of 1965 declared all rare United States Mint coins as either numismatic or bullion pieces and no longer considered legal tender currency. This is why Peace dollars are considered rare today. However, some rare peace dollars were released as part of the Mint’s annual coin sets. What makes Peace dollars unique is that they were minted in very low numbers and were not intended for everyday use. They are rare coins, which increases their value for collectors.
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Peace Dollars at Austin Rare Coins
At Austin Rare Coins, our Peace Dollars are very affordable and are available in grades all the way up to Mint State 65. Our Peace Dollar and other rare coins are not only beautiful, but they offer great value for any collector. All of our Peace Dollars have been graded and certified by either PCGS or NGC and they're a great way to take advantage of current silver prices. We currently have an MS-64 Peace Silver Dollar and an MS-65 Peace Silver Dollar that you can pick up now!
Shop Our Peace DollarsPeace Dollars are interesting rare coins that are all too often overshadowed by the coveted Morgan Dollar. However, Peace Dollars hold a special place in our heart at Austin Rare Coins. To learn more about the Peace Dollar or to add a Peace Dollar to your collection, get in touch with us today.
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