My Peace Dollar, Circulation Set
Private
Updated:
5/5/2026
Views: 814
This set is one in which the strategy of planning on increasing silver prices seems to be paying off. Upgrading lower graded coins is a risky business. The general trend in rare coin prices is up, but in recent months so has been precious metal prices so I can profit from lower graded coins to buy those with higher grades. I chose this risky strategy and have so far been able to build this set as I go. If you have a choice between lucky and good, take lucky!
Anthony de Francisci was the designer of this legendary coin, his portrait appears to the left. The model for the Lady Liberty is reported to have been his wife, Teresa.
Perhaps even more interesting is how the Peace dollar project was proposed. Because the Pittman Act of 1918 required that many of the currently circulating dollar coins be melted, and the silver used for fractional currency or made into bullion to be sold overseas, replacement coinage for circulation here was required. A coin collector proposed at the American Numismatics Association meeting in Chicago in the summer of 1920 that a new dollar coin be minted to memorialize the Peace at the end of the Great War. That coin collector was Joseph Farran Zerbe who was a past President of the ANA. His proposal resulted in providing guidance to the officials at the Mint and the rest is history. Coin collectors can be proud of this particular series, the hobby made an impact.
Besides this, there are many other interesting stories surrounding this coin, including controversies about who really was the model for Lady Liberty (probably false) and a proposed broken sword to be included in the design, which really is true, "swords into plow shears" illusion to peace.
This coin is my personal favorite, I think it is the prettiest coin the United States ever minted. The eagle on the reverse is also my favorite of the numerous eagles that designers have included on their coins.
This series was only struck for ten years, 1921 through 1928 and then again in 1934 and 1935.
By far and away the highest mintage in the series with more 51.7 million struck at the Philadephia mint, as the 1922 p. That is 20 million more than the next highest mintage which was the 1923 p. The lowest mintage for the series was the 1928 Philadelphia minted coin with only 360,649 struck. There were three other dates with fewer than a million coins struck, those dates were 1927 p (848,000) 1927 s (866,000) and 1934 p (954,053).
Peace Dollars are second only to the Morgan Dollars for me with Silver Eagles running a close third. Evilwoman13's set of Peace Dollars with more than 165,000 registry points is likely the category chief in perpetuity; she's got nearly four times the registry points my set has. I think that's just marvelous and I visit that set occasionally just to remind myself what excellence truly is. However, that won't deter me from upgrading this set occasionally, albeit, I know competing with that set of hers is not in the cards.
I started this registry set on April 28, 2024.
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