90% Silver Peace Dollar – Random Year (1921–1935)

Historic U.S. Silver Coin | 90% Fine | Various Condition (VG–AU)

At a glance: The Peace Dollar (1921–1935) is the last silver dollar struck for U.S. circulation — 0.7734 troy oz of pure silver in a 26.73 g, 90% fine coin designed by Anthony de Francisci to commemorate peace after WWI. A random date in varied condition (VG–AU) costs about 0.77 × the live silver spot price plus a collector premium, ships fully insured from Summit Metals, and is not IRA eligible (circulated 90% alloy). Best for collectors and stackers who want century-old American silver with a story. Page updated July 2026.

Quick Facts

• Metal Content: 0.7734 troy oz pure silver (90% Fine, 10% copper)
• Total Weight: 26.73 g
• Denomination: $1 USD
• Years: 1921–1928, 1934–1935 (random date)
• Mint Marks: Philadelphia (no mark), San Francisco "S", Denver "D"
• Designer: Anthony de Francisci
• Condition: Various Condition (VG – AU)
• Packaging: Individual coins ship in protective flips
• IRA Eligible: No (circulated 90% alloy)

Why Choose Summit Metals?

• Guaranteed Authentic U.S. Mint Coinage
• Secure, Fully Insured, Discreet Shipping
• Trusted Buyback Guarantee
• Satisfaction Guaranteed

Summit Metals verifies each Peace Dollar for weight, fineness, and condition, delivering historic American silver with full design integrity at competitive premiums.

The Last Silver Dollar Struck for Circulation

The Peace Dollar holds a distinction no other U.S. coin can claim: it was the last dollar coin struck in silver for general circulation. Minted between 1921 and 1928 and again in 1934 and 1935, it was born from a deliberate act of national symbolism — a coin designed to commemorate the peace achieved after the devastation of the First World War. When Treasury Secretary Andrew Mellon approved the design in December 1921, the United States was making a statement in silver: the war was over, and the nation was at peace.

Over ninety years later, the Peace Dollar remains one of the most historically significant and visually distinctive coins in American numismatic history.

Design

Obverse: Designed by Anthony de Francisci — at 34 the youngest competitor in the design contest — the obverse depicts the head and neck of the Goddess Liberty in profile, her flowing hair crowned with a radiant tiara modeled after the crown of the Statue of Liberty. De Francisci is said to have modeled her features after his wife, Teresa de Francisci. The inscriptions "LIBERTY" and "IN GOD WE TRVST" appear alongside the year of issue. The original submitted design included a broken sword as a symbol of the end of war; following public outcry that it symbolized defeat, it was removed before striking began.

Reverse: A bald eagle at rest on a rocky perch, clutching an olive branch — the design de Francisci chose over an alternative that showed the eagle breaking a sword. Rays of sunlight radiate behind it. The inscriptions "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "ONE DOLLAR," and "PEACE" complete the reverse. Coins struck at San Francisco or Denver carry an "S" or "D" mintmark just above the eagle's tail feathers; Philadelphia issues carry no mintmark.

History & Significance

The Peace Dollar's origins trace to the Pittman Act, which required the U.S. Mint to strike millions of silver dollar coins in the years following World War I. The Mint initially continued production of the Morgan Dollar design in 1921, but a growing lobby pressed for a coin that reflected the new era of peace. The campaign succeeded not through legislation but through direct advocacy — and the result was one of the most purposeful coin designs in American history.

The series ran for a total of ten years of production across two separated periods, with a total mintage exceeding 190 million coins — the majority struck at the Philadelphia Mint. The scarcest issue is the 1928 Philadelphia edition, with fewer than 361,000 coins struck for circulation. The 1921 issue, struck in high relief, is considered the closest to de Francisci's original vision and commands premium interest in higher grades.

Investment & Collector Appeal

The Peace Dollar offers a compelling combination that few silver holdings can match: nearly three quarters of a troy ounce of 90% fine silver, legal tender status from the United States government, a mintage run now approaching or exceeding a century in age, and a design with genuine historical narrative behind it. For stackers, it provides silver content at premiums that are often lower than modern bullion coins. For collectors, it is a foundational piece of American numismatics — the coin that closed an era and commemorated a moment in history. Random-year purchasing adds the possibility of receiving a scarcer date or mint mark, making each acquisition its own small discovery.

Packaging & Delivery

Each coin ships in a protective flip. Summit Metals packages every order discreetly, fully insured, and trackable from our vault to your door.

Secure Your Peace Dollar Today

Own the last silver dollar struck for American circulation. Click "Add to Cart" to purchase a Random-Year 90% Silver Peace Dollar from Summit Metals.

Frequently Asked Questions

Is the Peace Dollar IRA eligible? No — circulated 90% silver doesn’t meet IRS standards; see Silver Eagles for IRA silver.

How much silver does it contain? 0.7734 troy ounces of pure silver in a 26.73 g coin.

What condition will my coin be in? Varied — Very Good through About Uncirculated; genuine circulated coins, not BU.

Which year will I receive? A random date from 1921–1928 or 1934–1935.

Why does it say “IN GOD WE TRVST”? The V is a classical Latin-style U — an intentional artistic choice, not an error.

What’s the scarcest Peace Dollar? The 1928 Philadelphia issue — fewer than 361,000 struck; random selection means a small chance at better dates.

Who designed it? Anthony de Francisci, who modeled Liberty after his wife Teresa.

How much is it worth? About 0.77 × the live silver spot price plus a collector premium.

Peace vs Morgan Dollar? Same size and silver content — the Morgan (1878–1921) is the classic heraldic-eagle dollar; the Peace commemorates the end of WWI.

Can I sell it back? Yes — Summit Metals offers a buyback guarantee.

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Pair it with the Morgan Dollar, stack 90% junk silver, or browse all silver coins.