Top 5 most Valuable Peace Silver Dollars Worth $1.5 M:- The Peace Silver Dollar is a remarkable and historically significant coin that represents a period of hope and change in American history.
Top 5 most Valuable Peace Silver Dollars Worth $1.5 M
Minted from 1921 to 1935, the Peace Dollar was introduced to commemorate the end of World War I and symbolize the desire for global peace.
The coin was designed by Anthony de Francisci, with the obverse featuring a portrait of Lady Liberty and the reverse displaying a majestic eagle at rest atop a mountain, clutching an olive branch.
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Despite the large number of Peace Dollars minted, certain rare dates and variations have become extremely valuable, with the top five examples commanding prices that collectively total $1.5 million.
These coins are highly sought after by collectors for their rarity, condition, and historical importance. Let’s explore the top five most valuable Peace Silver Dollars and the factors that make them so extraordinary.
1. 1921 Peace Dollar (High Relief) – Up to $100,000
The 1921 Peace Dollar holds a special place in numismatic history as the first year of the series. This coin was minted in high relief, meaning the design elements are raised more prominently from the surface, creating a stunning and detailed appearance.
However, the high-relief design proved challenging to mint, leading to production difficulties and a relatively low mintage compared to later years.
In mint state condition, the 1921 High Relief Peace Dollar can fetch up to $100,000, especially in higher grades such as MS65 or MS66. The coin’s rarity, combined with its visual appeal and historical significance, makes it one of the most valuable Peace Dollars.
Key Factors:
- High-relief design
- Low mintage and production challenges
- High-grade examples command premium prices
2. 1928 Peace Dollar – Up to $350,000
The 1928 Peace Dollar is another key date in the series, with the lowest mintage of any regular-issue Peace Dollar. Only 360,649 coins were struck at the Philadelphia Mint, making it extremely rare and highly prized by collectors.
The coin’s scarcity is compounded by the fact that many of these coins were lost or melted down over the years, further reducing the number of surviving examples.
In uncirculated condition, a 1928 Peace Dollar can be worth as much as $350,000, particularly in grades of MS65 and higher. Collectors seeking to complete their Peace Dollar collections must often pay a premium for this elusive coin.
Key Factors:
- Lowest mintage of any regular-issue Peace Dollar
- High demand among collectors
- Uncirculated examples are exceptionally valuable
3. 1934-S Peace Dollar – Up to $125,000
The 1934-S Peace Dollar is one of the most challenging coins to find in high grades, making it highly desirable among numismatists.
While more than 1 million of these coins were minted at the San Francisco Mint, many were heavily circulated, resulting in a limited number of high-quality survivors. As a result, Peace Dollars from 1934 with an “S” mint mark are considered one of the most valuable coins in the series.
High-grade examples, particularly those graded MS65 or higher, can sell for as much as $125,000. The coin’s allure lies in its scarcity in uncirculated condition and the difficulty of locating well-preserved specimens.
Key Factors:
- Scarcity in high grades
- High demand for well-preserved coins
- San Francisco Mint’s reputation for striking coins with fewer high-quality survivors
4. 1927-S Peace Dollar – Up to $180,000
The 1927-S Peace Dollar is another rare coin that is difficult to find in mint state condition. Although over 800,000 coins were minted at the San Francisco Mint, many were released into circulation and heavily worn.
Coins that have survived in pristine condition are scarce and highly sought after, making the 1927-S a key date for collectors.
The coin can be worth up to $180,000 in high grades, especially those graded MS66 or better. The combination of a relatively low mintage and the difficulty of finding high-quality examples has contributed to the coin’s high value.
Key Factors:
- Low mintage and high circulation rates
- Scarcity of high-grade examples
- Key date for Peace Dollar collectors
5. 1935 Peace Dollar (Proof) – Up to $750,000
The 1935 Peace Dollar Proof is the crown jewel of the Peace Dollar series and is considered one of the most valuable coins ever minted in the United States. Only a few proof specimens were struck, and they were never released into general circulation.
These coins were specially made for collectors, with a mirror-like finish and sharp details. The rarity of the 1935 Peace Dollar Proof is unparalleled, and only a handful of these coins are known to exist.
A 1935 Peace Dollar Proof can be worth up to $750,000, depending on its condition and provenance. The coin’s value is driven by its extreme rarity, flawless appearance, and status as a true numismatic masterpiece.
Key Factors:
- Extremely limited production
- Proof finish with exceptional detail
- Status as one of the most coveted U.S. coins
What Makes Peace Silver Dollars Valuable?
Several factors contribute to the value of Peace Silver Dollars, particularly those at the top end of the market:
- Rarity: Coins with low mintages or those that are difficult to find in high grades are more valuable. The 1928 and 1935 Proof Peace Dollars are prime examples of coins with limited numbers of surviving specimens.
- Condition (Grade): The condition of a coin is crucial in determining its value. Coins are graded on a scale from 1 to 70, with higher numbers indicating better preservation. Mint State (MS) and Proof (PR) coins in pristine condition command premium prices.
- Historical Significance: The Peace Dollar’s role in commemorating the end of World War I and the theme of global peace add to its desirability among collectors. Coins from significant years, like the first or final years of production, are especially valuable.
- Mint Marks: The location where a coin was minted can affect its value. Coins minted at the San Francisco Mint (with an “S” mint mark) are often rarer in high grades compared to those minted at Philadelphia or Denver.
FAQs About Peace Silver Dollars
Q1: How do I know if I have a valuable Peace Silver Dollar?
Check the date and mint mark of your coin, as well as its overall condition. Key dates, such as 1921, 1928, 1934-S, and 1927-S, are more valuable. If your coin appears to be in mint state condition, consider having it professionally graded.
Q2: What is the best way to have my Peace Dollar graded?
Submit your coin to a professional grading service like PCGS or NGC. These organizations will authenticate and grade your coin, providing a certificate of authenticity and a grade that can significantly impact its market value.
Q3: Are all Peace Silver Dollars made of silver?
Yes, all Peace Silver Dollars are made of 90% silver and 10% copper. The silver content gives these coins intrinsic value, even if they are not rare dates.
Q4: How can I tell if my Peace Dollar is a proof coin?
Proof Peace Dollars have a mirror-like finish and are struck with extra care, resulting in sharper details. Proof coins are extremely rare, especially from 1935, so it’s important to have them authenticated by a professional if you believe you have one.
Q5: Where can I sell a valuable Peace Silver Dollar?
You can sell your coin through auction houses, coin dealers, or online platforms like eBay. If your coin is rare or in excellent condition, consider reaching out to a reputable auction house specializing in numismatics for the best possible price.
Conclusion
The Peace Silver Dollar is a coin steeped in history and beauty, and certain rare dates and variations have become some of the most valuable collectibles in the numismatic world.
The top five most valuable Peace Silver Dollars collectively command a staggering total of $1.5 million, reflecting their rarity, condition, and significance.
Whether you are an experienced collector or a newcomer, these coins continue to captivate and inspire, reminding us of a pivotal time in American history.
