3 Ways to Collect the Peace Silver Dollar

Very few people would argue that the Peace Dollar is one of the most collected and collectible coins of American mint.  Since we’re into that, we here at Coin Blogger decided to tell you something about this coin and show you 3 ways to collect the Peace Silver Dollar.

The Peace Dollar was first minted in 1921 and continued until 1928.  It was minted again in 1934 and 1935.  It was issued as a circulating coin with 0.77344 troy ounces of silver.  It replaced the Morgan Dollar and has the word “Peace” under the eagle on the reverse–referencing the commemoration of the anniversary of WWI’s end, when it first entered circulation.

Collecting the Peace Silver Dollar is not always a simple task.  There are two basic types of highly collectible Peace Dollars: proofs and varieties/rarities.  These are the cream when collecting the Peace Silver Dollar.  The coins are old enough now, however, that any example is worth getting and Peace Silver Dollar collecting is fun, no matter your find.

The only proofs recorded for the Peace Dollar were minted in 1921 and 1922.  These are extremely valuable with the latest auction selling them at $50,000 each.  Extra Fine examples of the 1921, 1928-P, and 1934-S are valued at almost $20,000 each because of their rarity.

The best bet to collect the Peace Silver Dollar is to find an online or phone-in coin auction for them.  Some coin dealers will also have them available in stock, but this is very uncommon and if they do have them, they won’t keep them for long.  There are always more buyers than sellers in Peace Silver Dollar collecting.

Occasionally, you’ll find them online in auctions, but be leary of the coins unless you can verify their validity.

Another option are estate sales, which can often have them.  A better bet, though, is to regularly attend coin shows.  Peace Silver Dollar collecting at these events can often take place as either a silent auction at a dealer’s table or in a private auction room.

Rarely will you collect the Peace Silver Dollar directly from a seller as the only person bidding to buy.  These coins are rare enough that there will always be competition to get one.  Once you do, though, you’ve entered a new realm of coin collection!

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