A Peace Dollar contains 0.7734 troy ounces of silver. Minted from 1921 to 1935 in 90% silver, it was struck to commemorate peace after World War I. Its melt value updates in real time based on the current silver spot price.
Melt value only. Collector premiums and dealer spreads not included. Based on 0.7734 troy oz silver per coin.
Coin Specifications
Peace Dollar Value Specs
Composition
90% silver, 10% copper
Gross Weight
26.73g
Silver Content
0.7734 troy oz
Face Value
$1.00
Mint Years
1921-1935
Mint Marks
Philadelphia (no mint mark), Denver (D), San Francisco (S)
Diameter
38.1mm
Designer
Anthony de Francisci
Background
Why Stackers Track This Coin
The Peace Dollar was struck from 1921 through 1935, replacing the Morgan Dollar as the standard US silver dollar. Designed by Anthony de Francisci, it features a portrait of Lady Liberty on the obverse and a bald eagle at rest on the reverse — a deliberate departure from the heraldic eagle of earlier coins. The coin was created to commemorate the end of World War I and the peace that followed. Production was halted in 1928 and resumed from 1934 to 1935 before silver dollars were discontinued entirely. A large mintage of 1921 Peace Dollars was also struck, making that date particularly common. For stackers, the Peace Dollar offers the same 0.7734 oz of silver as the Morgan Dollar at typically lower premiums, making it one of the best value silver dollar options in the junk silver market.
Compare
Peace Dollar Value vs Similar Coins
Peace Dollars contain the same silver as Morgan Dollars at 0.7734 oz per coin. The difference between them is design era and collector demand, not metal content.
Coin
Composition
Silver (oz)
Melt Value
Notes
Peace Dollar Valuethis coin
90% silver, 10% copper
0.7734 oz
—
—
Morgan Dollar (1878-1921)
90%
0.7734 oz
—
Same silver content, typically higher collector premium
Walking Liberty Half (1916-1947)
90%
0.3575 oz
—
Half the silver of a Peace Dollar
90% Silver Quarter (pre-1965)
90%
0.17875 oz
—
About 1/4 the silver of a Peace Dollar
American Silver Eagle (1986+)
99.9%
1 oz
—
More silver, modern bullion, higher premium
Common Questions
Peace Dollar Value FAQ
How much silver is in a Peace Dollar?
A Peace Dollar contains 0.7734 troy ounces of silver. It is struck in 90% silver and 10% copper with a gross weight of 26.73 grams — identical specifications to the Morgan Dollar. Peace Dollars contain more silver per coin than any common constitutional silver denomination except Morgan Dollars. Always price Peace Dollars individually, not by face value.
What years were Peace Dollars minted?
Peace Dollars were minted from 1921 through 1928, then again from 1934 to 1935. Three mints produced Peace Dollars: Philadelphia (no mint mark), Denver (D), and San Francisco (S). The 1921 Peace Dollar had a high relief design that was modified in 1922 for easier striking. The series ended in 1935 when Congress discontinued silver dollar production.
Are Peace Dollars worth more than melt value?
Yes, typically. Common date Peace Dollars in circulated condition usually sell for 10-30% above melt value. They generally carry lower premiums than Morgan Dollars due to less collector demand, making them one of the better value silver dollar options for stackers who want maximum silver per dollar spent. Key dates and better grades carry higher premiums.
What is the difference between a Peace Dollar and a Morgan Dollar?
Both contain identical silver content at 0.7734 troy oz and are struck in 90% silver. The Morgan Dollar (1878-1921) features a crowned Liberty on the obverse and a heraldic eagle on the reverse. The Peace Dollar (1921-1935) features a radiant Liberty and a resting eagle, designed to symbolize post-WWI peace. Morgan Dollars typically command higher collector premiums than Peace Dollars due to stronger numismatic demand.
How much is a Peace Dollar worth today?
A Peace Dollar's value includes melt value plus a collector premium. The melt value changes with silver spot price — at $80 silver a Peace Dollar contains approximately $61.87 in silver. Common date circulated Peace Dollars typically sell for $65-80 at current prices, a modest premium over melt. Use the live calculator above for the current melt value based on today's spot price.
If you're tracking multiple coins, MyOunces automatically calculates your total melt value across gold, silver, platinum, and palladium with live spot prices.