History, Information, and Value of 1921 Peace Dollar
Value of 1921 Peace Silver Dollar
It is quite likely that almost all of the 1921 Peace dollars were circulating within a few years of issue. This dollar was struck in a higher relief at the Philadelphia Mint on both the obverse and reverse than those in later years. With the Mint staff pressed for time to produce the first Peace dollars by the end of December 1921 _ the last four days in the month, in fact _ there was no time for extensive trial strikes or to test the presses for the best pressure and spacing. As a result, High Relief 1921 dollars were difficult to strike properly with one blow of the press. Only about 1% of 1921 Peace dollars on the market are sharply struck. Many of these are certified in high Mint State grades, say from MS-63 to MS-65. Holders say nothing about sharpness. Well-worn 1921 Peace dollars are scarce, but this is irrelevant as they are not widely desired. The typical higher Mint State coins will have nice luster and attractive eye appeal, but will be weak at the obverse center. Coins stored in bank bags may show yellow, yellow-gray, or black toning. The monogram of designer and medalist Anthony de Francisci is located in the field of the coin under Lady Liberty’s neck.
1921 Peace Dollars Are Common In Circulated Grades: Typical circulated grades for this kick-off date to the series are EF and AU with very few in the lower grade range, say Fine to VF. There is not a significant value premium above silver for circulated 1921 peace dollars.
Availability in Mint State Grades: Generally available in MS-60 to MS-65 and occasionally in higher Mint State grades, the 1921 High Relief Peace dollar is a classic that is friendly to every budget. Whether you stay at the low end of the Mint State range, say MS-60 to 62, or pursue an example at MS-63 or even finer, keep one thing in mind strike! Look for as many hair strands at Liberty’s ear as you can find. Comparing examples when more than one is available will serve to reveal a sharper piece among its flatter counterparts. Good luster can be elusive on Mint State pieces, and many are lightly toned with golden highlights. With a little searching you can locate a fairly sharp example with no real premium above the price of a typically struck piece.
The obverse text on the Peace Dollar reads “Liberty; In God We Trvst (Trust); 1921.” The reverse text on the silver dollar reads “United States of America; E Pluribus Unum; One Dollar; Peace.” The obverse of the coin has a bust of a female facing the left with a pointed crown and flowing hair. The reverse of the Peace Dollar has an eagle sitting on a rock in the center with rays in the background.
The Peace Dollar series is very popular among collectors. If you have a Peace Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to assist you. We run rare coin auctions. If you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!