One of the most sought-after silver dollars among investors and collectors is the 1921 Peace Dollar. This coin, which was struck to mark the conclusion of World War I, has great historical significance. It is a remarkable item in numismatic collections all over the world because of its restricted mintage and distinctive design.
What is the Rarest Peace Silver Dollar?
Since the 1928-P issue had the smallest mintage of any Peace Dollar, it is generally regarded as the rarest Peace Silver Dollar. However, because of its unique high-relief design and first-year manufacture, the 1921 Peace Dollar is also very sought-after. This coin is relatively rare because it was only produced in Philadelphia and only had a total mintage of about 1,006,473.
What’s a 1921 Peace Dollar Worth?
A 1921 Peace Dollar’s worth varies according to its grade and condition. The following are some approximate values:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $125 – $175 |
| Fine (F-12) | $200 – $350 |
| Extremely Fine (EF-40) | $400 – $700 |
| Uncirculated (MS-60) | $1,000 – $2,500 |
| High-Grade (MS-65) | $10,000+ |
The 1921 Peace Dollar is still a prized possession for numismatists and investors alike because of its historical significance and scarcity.
Why is the 1921 Peace Dollar So Expensive?
Several factors contribute to the high price of the 1921 Peace Dollar:
- Limited Mintage: Compared to subsequent issues, this one is rarer, having only been struck in little more than a million pieces.
- High-Relief Design: The Peace Dollar’s high-relief design was exclusive to this year and made it hard to locate in perfect condition.
- Collector Demand: This year is historically noteworthy since it is the first year of issuance, which raises market demand and collector interest.
- Silver Content: With 90% silver by weight, it has an inherent metal value that raises its total value.
- Condition Rarity: It is difficult to find a 1921 Peace Dollar in excellent condition, and those that are in perfect condition fetch astronomical prices.
Features of the 1921 Peace Dollar
| Feature | Description |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Mint | Philadelphia (No Mint Mark) |
| Edge | Reeded |
| Obverse | Lady Liberty with a radiant crown |
| Reverse | Bald eagle resting on a rock with “PEACE” inscribed |
Collecting and Investing in the 1921 Peace Dollar
Here are some important pointers if you’re thinking of collecting a 1921 Peace Dollar:
- Purchase from Reputable Dealers: Buy from authorized dealers or auction houses to steer clear of fakes.
- Verify Certification: PCGS or NGC-graded coins provide a guarantee of genuineness and condition.
- Take Condition and Rarity into Account: Over time, coins with better grades gain more worth.
- Store Properly: To avoid oxidation and damage, keep your Peace Dollars in safe carriers.
Because of its exceptional design, historical significance, and scarcity, the 1921 Peace Dollar is a unique numismatic gem. Whether you’re a novice investor or an experienced collector, owning this coin may be lucrative and fulfilling. The 1921 Peace Dollar is still highly sought-after in the coin-collecting community because of its restricted supply and growing demand.