The True Value of Peace Silver Dollars

Tuesday, November 26, 2013 6:58:42 PM America/Chicago

Peace silver dollars were minted in the U.S. between 1921 and 1935, and they continue to remain one of the most sought-after silver dollars ever made. The mintmark of a Peace dollar is located below the letter “O,” of the word “One,” located on the reverse side of the coin.

Peace silver dollars were made at one of several mints throughout the country: Philadelphia, Denver and San Francisco.

They’re often compared to the Morgan dollar, but when compared to this series there aren’t as many, if any, keys and semi-keys. Along with the Morgan dollar, the Peace coin is the last two of the U.S. dollar coin series. The most valuable years in the series are 1921 and 1928.

The value of a Peace dollar has continued to grow quickly in recent years, as the value of silver has risen. 

Grade is Important

What’s important to remember, when considering the value of a Peace dollar is that the grade of the coin is going to determine its value. Uncirculated coins carry the most value, and are the most sought after by collectors and investors alike. 

A third-party grading service is the best way to determine the value of a Peace dollar—and the most well-known authentication services for coins include NGC and PCGS. A graded coin is going to bring in a significantly higher price than an ungraded counterpart. The ultimate grade for a Peace dollar is MS-65, which means the coin has a high level of luster and quality, and while there may be a few imperfections, the coin is overall very attractive and in good condition. Very rarely is a coin graded above MS-65, although it may happen in the instance of some uncirculated coins.

Why are Silver Dollars So Valuable?

People unfamiliar with the world of collecting or investing in coins may wonder why anyone would pay a premium price for a silver dollar that has no more face value than just that—a dollar.

The answer is two-fold. Silver dollars, and in particular, high-quality Peace silver dollars, have a value that is well above their face value in terms of their bullion value and their collectible value. 

Collectible value simply refers to how much a coin is worth to a collector. It’s based on factors like the historical relevance and condition of the coin, as well as its availability.

The bullion value is what appeals to investors, and it refers to the worth of the silver used to make that coin. 

Currently, the value of one ounce of silver is hovering at about $20, and the precious metals market has seen a lot of upward spikes in recent years, due to economic uncertainty.

The Future Outlook

Coins like the Peace silver dollar are showing no signs of slowing down in terms of their value, simply because it’s anticipated the value of silver will rise exponentially, due to a number of factors, including the looming threat of inflation, as well as the demand for silver in industrial applications.

As the silver market strengthens, now is the time to consider investing in a PCGS/NGC MS65 Peace silver dollar. We have a selection of these authenticated and grade silver dollars that are perfect to either add to a collection, or serve as a source of economic security and peace of mind for years to come. 

For more information about this blog post, please call Liquid Bullion Coin and Collectibles at 1.888.522.2283 or email us directly

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