Introduced as a replacement and successor to the popular Morgan dollar series in 1921, the Peace Dollar was created to commemorate peace restoration after the World War 1.
On one side of these coins is a rendering of Lady Liberty and on the reverse side is a bald eagle resting on top of a mountain
in front of sun rays.
This coin is a popular collectors’ coin, with an equally matching significance in the US history.
Being the last dollar coin that was ever minted for circulation, the peace dollar is a gem coin, with a silver content of 90%. It is this that makes it a cherished coin, on top of being the last genuine silver coin in America.
A little in to the history of this coin shows that it was produced from 1921 up to 1928 and then again from 1934 to 1935. This was done from three different mint facilities in the US located in Denver, Philadelphia and San Francisco.
One can find the mintmarks on these coins on the reverse side of the coin below the word “ONE”.
An attraction to these coins for most people is the misspelling of the word “TRUST”, which is spelt as “TRVST”. This, however, is a focal point for the coin collectors.
This coin weighs 29.73 grams, with a brilliant uncirculated condition. The diameter is 38.1 millimeters, with a silver weight of 0.77344 ounces net.
It also combines 90% silver with 10% copper. With this combination of features, a rich history, and the beauty it exhibits, this coin will remain a sort after gem for many collectors for years to come.
These coins also have a monetary value attached to them, which rises as the days go by. As at the time of writing this article, the melt price of a silver peace dollar was at a rounded figure of $25.2819.
It’s easy to calculate the melt value of these silver coins. Below is a summarized outline.
Using the latest prices of metals, to get the melt value of this 90% silver and 10% copper coin, you need to get the individual weights and prices of the two metals involved per coin, and then add the two.
For instance, as of the time of writing this article, the silver price per ounce was at $32.66, while that of copper per pound is at $3.5618.
The total weight of a coin is 26.73 grams. The conversion rate for ounce per gram is 0.0321507466 and that of pound per gram is 0.00220462262.
With these values, we are able to convert the pounds and ounces to grams by simply multiplying by the respective conversion rate value.
For the copper value, this forms 10% of the coin weight, so we multiply 3.5618 by 0.00220462262 by 26.73 by 10% to get $0.0209891. Similarly so, for silver, which forms 90% of the coin’s weight, we multiply 32.66 by 0.0321507466 by 26.73 by 90% to get $25.2608930448.
These two figures are the values of copper and silver respectively in the 1921 to 1935 silver peace dollar as of today. Adding the two values together and rounding off, we get $25.2819 as the total value of each of these coins today.
This is a clear indication that one can use these coins as an investment, just like with gold investments.
It’s good to note that the value that people are willing to pay for the different coins varies greatly. This primarily depends on the year it was minted, and where it was minted at, with a coin marked “D” being from Denver, that with an “S” being from San Francisco, and one with no mark being from Philadelphia.
For instance, a coin made in 1921, from the total of 1, 006, 473 made that year, would sell today for between $75 and $4,000.
You only need to know where to sell it, and the people who are willing to pay much more for it. A simple research online can help.
The San Francisco ones seems to fetch much more compared from the others minted in Denver and Philadelphia, with a 1927 one going for up to a
Whether it was a good, or a bad idea to stop the production of these coins, to the wise investor of today, this is an investment opportunity to soar on.
Combining a little research with some gut feeling and passion, the peace dollar might be your life changing opportunity if you harness it.