Following the conclusion of World War I, there was groundswell of support throughout the American numismatic community for the minting of a new coin to commemorate the restoration of peace. Simultaneously, the passage of the Pittman Act of 1918 required the Treasury Department to produce millions of new silver dollars to replace the more than 270 million silver dollars that were melted and sold as bullion to the British immediately after the war. The silver dollar that was designed to accomplish both of these tasks has come to be known as the Peace Dollar.
Peace Dollars were minted from 1921 through 1928, and again from 1934 through 1935, in Philadelphia (no mintmark), San Francisco (“S” mintmark), and Denver (“D”). Each Peace Dollar is composed of .900 fine silver, yielding a total silver content of .77344 troy ounces per coin, and measures 38.1mm in diameter. To arrive at a design, the federal Commission of Fine Arts held a competition among some of the country’s greatest sculptors and medalists which was won by a young Italian immigrant named Anthony de Francisci whose submission was modeled upon his wife Teresa. The obverse of the Peace Dollar depicts the strong profile of a crowned Lady Liberty, facing left, hair flowing behind her. The reverse captures an American eagle at rest upon a rocky outcropping, peering at the sun through a pattern of its rays. The eagle stands upon a rock and upon that rock is written a single word: Peace.
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|Metal Content||.7734 troy oz|
|Metals Purity||90% Silver|
|Certificate of Authenticity||NGC|