Most Peace dollars are worth $45 to $65 in circulated condition. Every Peace dollar is 90% silver, so its melt value sets the floor.
That floor is $40.28 today: each coin holds 0.7735 troy ounces of silver, and silver spot is $52.07 per troy ounce, checked on November 7, 2026. Data by Bullion Price Check, as of November 7, 2026, 13:51 UTC. Common circulated coins trade a few dollars over melt, uncirculated coins trade well over it, and three dates — 1921, 1928, and 1934-S — leave the common range behind entirely.
Peace Dollar Values by Date and Condition
| Coin | Mintage | Approximate value |
|---|---|---|
| Common dates, circulated (most 1922–1925 and 1934–1935 issues) | Varies — 1922 alone topped 51 million across its mints | $45–$65. The value is the silver plus a small collector premium; heavy wear or damage pulls a coin back toward its $40.28 melt floor. |
| Common dates, uncirculated | Same issues, mint-state survivors | About $75–$125 for typical mint-state examples, more for sharply struck, lustrous coins — Peace dollars were often struck softly, and a full strike is prized. |
| 1921 (high relief, Philadelphia) | 1,006,473 | About $175–$350 circulated and $600 or more uncirculated. The first year of issue and the only year struck in high relief — the key most collectors chase first. |
| 1928 (Philadelphia) | 360,649 | About $300–$550 circulated. The lowest mintage of any Philadelphia Peace dollar, and the series’ best-known regular-issue key. |
| 1934-S (San Francisco) | 1,011,000 | About $150–$300 circulated, and far more in mint state, where it is one of the toughest coins in the series. |
| Modern Mint reissues (2021 to date) | Limited annual collector issues | Sold by the U.S. Mint as collectibles since the design’s 2021 centennial; secondary-market prices track silver plus a collector premium rather than the classic-date chart above. |
Values are approximate retail ranges checked on November 7, 2026; grade, eye appeal, and cleaning or damage move any single coin within — or below — its range. The melt math behind every row: 0.7735 troy ounces × $52.07 ≈ $40.28. Data by Bullion Price Check, checked November 7, 2026.
What a Peace Dollar Is
The Peace dollar was struck from 1921 to 1935 as the last classic U.S. silver dollar made for circulation. Anthony de Francisci designed it to mark the peace after the First World War: Liberty wears a radiant crown on the front, and the eagle on the back rests above the single word PEACE. Each coin weighs 26.7 grams of 90% silver and 10% copper and measures 38.1 mm across — the same silver-dollar format as the Morgan dollar it replaced, which is why the two series are collected side by side. Our Morgan dollar value guide covers the predecessor coin in the same format.
The Three Dates That Matter Most
1921 is the first year and a one-year type: the Mint struck it in high relief, like a medal, then lowered the relief for 1922 because the dies were hard to strike. 1928 is the low-mintage Philadelphia key at 360,649 coins — check any 1928 carefully, because removed mint marks on 1928-S coins are a known alteration. 1934-S looks ordinary in worn grades and turns scarce exactly where collectors want it, in mint state. The most common date, 1922, gets its own deep dive in our 1922 Peace dollar value guide.
What Moves a Peace Dollar’s Value
Silver first. No genuine Peace dollar can be worth less than its metal for long: 0.7735 troy ounces of silver is the floor under every grade. Grade second. Wear shows first on Liberty’s hair above the ear and on the eagle’s feathers; a coin with full hair detail and clean fields steps up a price tier. Strike third. Many Peace dollars left the dies soft, especially in the center, so a sharply defined example of a common date can outsell a flat example of a better date. Originality always. Cleaning strips the premium off everything except the rarest keys — an uncleaned, honestly worn coin is worth more than a polished one.
The Peace Dollar Is Still Being Made
The U.S. Mint revived the design in 2021 for its centennial and has issued Morgan and Peace dollars as collector coins every year since, including reverse-proof versions. Our 2026 Morgan and Peace reverse proof guide covers the current program. The modern coins are .999 fine rather than 90% silver, so weigh and measure before assuming which era a loose coin comes from.
Shop Classic Silver Dollars
For the coin itself, our Peace dollars certified MS65 by PCGS are in stock now, in the uncirculated grade the value table above prices. The Peace dollar’s predecessor is the natural place to start a classic silver-dollar collection: our 1878–1904 Morgan silver dollars in AU condition and 1921 Morgan silver dollars in BU condition carry the same 0.7735-ounce silver format in the older design. Every classic dollar in the catalog is a genuine U.S. Mint coin, checked before it ships.
Peace Dollar FAQ
How much is a Peace dollar worth?
Most Peace dollars are worth $45 to $65 circulated. Key dates are worth more: a 1921 runs about $175–$350 circulated, a 1928 about $300–$550, and a 1934-S about $150–$300.
How much silver is in a Peace dollar?
A Peace dollar holds 0.7735 troy ounces of silver. The coin is 90% silver and 10% copper, weighs 26.7 grams, and its melt value is $40.28 at a $52.07 silver spot price, checked November 7, 2026.
What is the rarest Peace dollar?
The 1928 Philadelphia issue is the best-known regular-issue key, with 360,649 struck. The 1921 high-relief first year (1,006,473 struck) is the most collected, and the 1934-S is the hardest to find in mint state.
Where is the mint mark on a Peace dollar?
The mint mark, if there is one, is on the reverse, near the eagle’s tail below the ONE DOLLAR inscription. No mint mark means Philadelphia; D is Denver and S is San Francisco.
Are Peace dollars still made?
Yes, as collector coins. The U.S. Mint revived the Peace dollar in 2021 for its centennial and issues it annually in .999 fine silver; the original circulation series ran from 1921 to 1935 in 90% silver.
Chasing the dates that carry a real premium? Start with the Peace Dollar Key Dates — and if you hold a 1928, read the 1928 Peace Dollar value guide before you price it, because the mint mark alone is worth several hundred dollars.
Values are approximate and checked on November 7, 2026; melt values move with the silver price. Educational content only — not financial advice.