Peace Dollars

The Peace dollar was minted in the United States from 1921 to 1928 and again in 1934 and 1935. The design by Anthony de Francisci was chosen from a contest because it was most symbolic of peace after World War I. The contest helped the U.S. Mint save money on redesigned American coins. The Pittman Act in 1918 required the U.S. Mint to strike millions of silver dollars. The Peace dollar design was approved and went into production in December 1921. Just over a million Peace dollars were minted with a 1921 date. The requirements of the Pittman Act was completed in 1928 and the U.S. Mint ceased production of the Peace dollar. Other legislation caused more Peace dollars to be minted in 1934 and 1935. The mint last struck the Peace dollar in 1965 with a 1964 date. These coins were never issued and all of the 300,000 minted are believed to have been melted. The obverse of the coin features the profile of Lady Liberty. The reverse depicts a beautiful American Eagle with an olive branch in its talons. The olive branch is used to symbolize peace. Original designs featured broken swords but was dropped because people believed symbolized defeat. Early production of the Peace dollar experience issues with the dye, which adds value to these earlier versions of the coin. The 1934 Peace dollar is also valuable because not many of these coins were preserved.

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