The 1934 Peace dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
Specifications
Type: Peace Dollar
Year: 1934
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.04
The US minted the 1934 silver dollar with no mint mark and also the 1934 D silver dollar and 1934 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin, below the word "ONE".
| Series | Location | Quantity Minted |
|---|---|---|
| 1934 | Philadelphia | 954,057 |
| 1934 D | Denver | 1,569,500 |
| 1934 S | San Francisco | 1,011,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.04. This melt value is calculated from the current silver spot price of $27.21 per ounce.
The 1934 silver dollar with no mint mark is worth around $40 in very fine condition. In extremely fine condition the value is around $45. In uncirculated condition the price is around $200 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $900.
The 1934 D silver dollar is worth around $50 in very fine condition. In extremely fine condition the value is around $55. In uncirculated condition the price is around $200 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,850.
Lastly the 1934 S silver dollar is worth around $65 in very fine condition. In extremely fine condition the value is around $165. In uncirculated condition the price is around $3,150 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $12,500.
Double Die Error
There is a notable double die error for the 1934 D silver dollar. This error can be found on the front side of the coin where the letters and numbers will clearly overlap each other.
The 1934 D silver dollar double die error coin is worth around $200 in very fine condition. In extremely fine condition the value is around $325. In uncirculated condition the price is around $650 for coins with an MS 60 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: