Coins Paper Money

The Peace dollar was designed by Anthony de Francisci. It features Lady Liberty and the words “In God We Trust” on the front. The letter “V” is used instead of “U” in trust so it appears as TRVST. The reverse has a bald eagle and the word “PEACE” at the bottom which is where the coin gets it’s name.

The theme for the proposed coin was elaborated upon at the Chicago ANA convention of August 1920. A paper written by Farran Zerbe called for a coin that would showcase the ideals of democracy, liberty, prosperity, and honor. The proposal called for either a half dollar or dollar, in order to provide as much space as possible for the design.

The Peace Dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.

The biggest hurdle faced by proponents of the new coin was that no dollar coin had been minted for general circulation in the United States since 1904, the last year of the Morgan Dollar series. The demand for silver dollars was so low that vast quantities of Morgans were still sitting in bank vaults.

What’s It Worth? Is It A Good Investment?

Year Mintage Numismatic Value Range
1921 1,006,473 $75.00 – $4000.00
1922 51,737,000 $14.00 – $200.00
1922 D 15,063,000 $14.00 – $400.00
1922 S 17,475,000 $14.00 – $1800.00
1923 30,800,000 $14.00 – $200.00
1923 D 6,811,000 $16.00 – $1200.00
1923 S 19,020,000 $14.00 – $4100.00
1924 11,811,000 $14.00 – $200.00
1924 S 1,728,000 $28.00 – $8000.00
1925 10,198,000 $14.00 – $200.00
1925 S 1,610,000 $20.00 – $9000.00
1926 1,939,000 $18.00 – $400.00
1926 D 2,348,700 $16.00 – $700.00
1926 S 6,980,000 $16.00 – $700.00
1927 848,000 $27.00 – $3700.00
1927 D 1,268,900 $24.00 – $4500.00
1927 S 866,000 $26.00 – $10000.00
1928 360,649 $280.00 – $5000.00
1928 S 1,632,000 $30.00 – $8000.00
1934 954,057 $18.00 – $1000.00
1934 D 1,569,500 $17.00 – $1600.00
1934 S 1,011,000 $30.00 – $5800.00
1935 1,576,000 $18.00 – $700.00
1935 S 1,964,000 $18.00 – $900.00
Using the latest metal prices and the specifications, these are the numbers required to calculate melt value:

$17.58 = silver price / ounce on Oct 19, 2009.
.90 = silver %
$2.9344 = copper price / pound on Oct 19, 2009.
.10 = copper %
26.73 = total weight in grams
.0321507466 = ounce/gram conversion factor
.00220462262 = pound/gram conversion factor (see note directly below)
The NYMEX uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.
1. Calculate 90% silver value :
(17.58 × .0321507466 × 26.73 × .90) = $13.5972580535
$13.5972 is the rounded silver value for the 1921-1935 silver Peace dollar on October 19, 2009. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.
2. Calculate 10% copper value :
(2.9344 × .00220462262 × 26.73 × .10) = $0.0172920
3. Add the two together :
$13.5972580535 + $0.0172920 = $13.6145500535
$13.6145500535 is the total melt value for the 1921-1935 silver Peace dollar on October 19, 2009.
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This is a standard text for any Morgan Dollar collector. Extremely strong in historical aspects. Currently reprinted in 4th edition and availiable. Date and mintmark analisis on each coin and listing of over 2200 Vams. Which are die pairs primarily for Morgan Dollars. Some information in this book is incomplete and/or incorrect. Which is not surprising with a fairly massive reference book. An excellent reference text which I constantly use!

List of die varieties of Morgan head silver dollars: By A. George Mallis Order Now

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Public dissatisfaction with the Seated Liberty design was heard in Washington and Philadelphia as early as 1879. Many felt that the nation’s coin designs were second-rate, but few could have predicted how mundane a change could really be. New designs were submitted by Mint engravers throughout the early 1880s, but the only outcome was the production of a new nickel designed by Chief Engraver Charles Barber in 1883. In 1891, there was much discussion of a public competition for new designs for the dime, quarter and half dollar.

Design Of The “New Dime”

What Barber did was to modify the large head used on the Morgan dollar by adding a Liberty cap and cropping Liberty’s hair shorter in back. He then placed his initial B on the truncation of the neck. The reverse uses almost exactly the same wreath used on the Seated Liberty dime of 1860-91. What Barber did accomplish with his new dime, though, was to design and place into production a coin that would meet the striking requirements of modern, high-speed coin presses.

The first Barber dimes were struck on January 2, 1892. Over a half billion pieces were struck during the next twenty-five years. Some issues have mintages as small as 500,000 (such as 1895-O, 1901-S and 1913-S), and others were struck in quantities as large as 22 million (1907-P). At one time or another four mints struck these coins, and the mint mark of Denver (D), San Francisco (S) and New Orleans (O) can be found on the lower reverse below the knot in the bow (there being no mint mark for coins struck in Philadelphia). Barber dimes are, for the most part, a attainable set of coins with no significant date or mint mark rarities, except for the legendary 1894-S. The low relief design assured that most coins would be sharply struck, except for a few issues from New Orleans (known for weak strikes over the decades).

Barber Dime Rarity

There is one great rarity in the Barber dime series, one of the rarest coins in all of U.S. numismatics, the 1894-S dime. Allegedly, 24 pieces were struck on orders from San Francisco Mint Superintendent J. Daggett. Due to the rarity of the coin and the mysteries surrounding its past, the 1894-S Dime is one of the most valuable coins produced in the United States. In the late 1990s one of the remaining 1894-S Dimes was bought for $825,000. Since then they have sold for $1,035,000 in 2005; $1.3 million also in 2005; and $1.9 million in 2007.Only 10 specimens can be accounted for today, which presents one of the great numismatic mysteries of the past hundred years: Where are the other fourteen 1894-S dimes that were reportedly struck?

Grading

Grading Barber dimes is a moderately simple process. On high grade coins, signs of circulation will first appear on Liberty’s cheek and in the fields. For a coin to be un-circulated, all the mint luster must be uniform and unbroken over both sides. Proofs were struck in each year except 1916, and the only standout rarity is the recently discovered 1893/2 over-date. 1894-S is the only issue in the series to have been counterfeited in any appreciable numbers. Dangerous forgeries have been made by altering the mintmark on an 1894-O or adding one to a Philadelphia coin. Others were made in the mid-1970s in The Philippines.

Collecting & Investing Strategies for Barber Dimes (Strategy Guide Series) USD $21.18 Order Now

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