The 1921 Peace dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1921 Peace Dollar

Specifications

Type: Peace Dollar
Year: 1921
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $13.09

In 1921 the US started the Peace dollar series as commemorative coins. All of the 1921 Peace dollar coins were struck in high relief, which makes them unique from the other series. High relief makes the images on the coins stand out more and gives them more detail. The high relief led to strain on the dies so in 1922 the design changed to low relief.

The 1921 Peace dollars have no mint mark. There were no other series varieties minted.

Series Location Quantity Minted
1921 Philadelphia 1,006,473

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $13.09 as of November 19, 2019. This melt value is calculated from the current silver spot price of $16.93 per ounce.

The 1921 Peace dollar is worth around $110 in very fine condition. In extremely fine condition the value is around $135. In uncirculated condition the price is around $260 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,600. The rare Matte Finish proof coins will each sell for around $85,000 with a PR 65 grade.

Grading System

Very fine- Liberty's hair looks quite worn. A few strands of hair around the ear are well defined. A portion of the eagle feathers on top and on the right wing's outside edge are visible.

Extremely fine- The hair lines over Liberty's brow and ear are strong, although slightly worn. Each of the eagle feathers on top and on the right wing's outside edge are visible but faint.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

 

Sources:

The Red Book


See also:

1922 Silver Dollar
1923 Silver Dollar