1922 Peace dollars were beautiful, and many people wanted to have at least one piece in their collections. Surprisingly, these coins have low value, primarily because they were not rarities.
Eighty-four million two hundred seventy-five thousand coins were produced that year to make the Peace dollar mintage the highest in American history.
1922 Peace Silver Dollar (normal relief)The value of the coin in decent condition is approximately $20 to $30. However, it is still a value above the silver melt price. A coin in uncirculated (MS+) mint condition is more expensive and reaches $52 to $174. Finally, a rare proof coin is worth more than $82,000.
Therefore, most of them were affordable, except for some unique pieces. Let’s see how much is a 1922 silver dollar. Almost 45% of Peace Silver Dollars were minted in 1922.
Among 109,577,279 coins were made in years, from 1921 to 1935, and many in 84,275,000 were minted that year. In the 60s, most of them got melted.
However, their number was big. According to professional estimates, over 15 million of them still exist, including them approximately:
- 10 million 1922 with no mintmark of 51,747,000 minted in Philadelphia
- 3 million 1922-D of 15,053,000 minted in Denver
- 2 million 1922-S of 17,465,000 minted in San Francisco
The question is why the U.S. Mint was making so many Peace Dollars in 1922. The reason is that a World War I silver law.
The government was getting permission for melting 270 million silver dollars in 1918 through Pittman Act, but that was for replacing these dollars after the war.
Minting of coins started in 1921 with 86 million Morgan dollars, and the silver dollars’ they produced them by continuing with over 84 million 1922 Peace dollars in 1922 and 56 million in 1923.
Table Of Contents
- 1 How Much Is A 1922 Peace Silver Dollar Worth Today?
- 2 How Can You Tell If A 1922 Peace Dollar Is A High Relief?
- 3 What Makes A 1922 Peace Dollar Rare?
- 4 How Many High Relief 1922 Peace Dollars Are There?
- 5 1922 Peace Dollar Errors:
- 6 1923 Peace Dollar Value:
- 7 1922 Peace Dollar Mint Mark:
- 8 Special Condition And 1922 Peace Dollar Value:
- 9 Final Advice About 1922 Peace Dollar Value:
How Much Is A 1922 Peace Silver Dollar Worth Today?
Most people believed that 1922 Silver Dollars were worth nothing since too many of them. On the contrary, it was worth more than its face value.
The reason was 90% of silver it contained. However, the price will depend on the coin type you have. You should know that the 1922 Silver Dollar value is based on silver bullion worth $17 per ounce. Its price can vary depending on the coin’s condition and existing errors.
Therefore, the U.S. Mint was changing this idea, and coins were produced from February 13, 1922, to 1935 were made in low relief.
As a result of its massive production, these coins were not worth much. Their price can usually be from $18 to $50, except for some unique pieces.
For example, it can be known that mints produced only 35,401 high relief Peace Dollars in 1922. All of them are melted except one, which value can be estimated to be $137,786.
Only 11 of a high-relief matte 1922 Peace Dollars were made in January and February. There was a discovery for a few more recently, but it is still not confirmed by the researchers.
The estimated price of each piece could probably be over $100,000. Whether you believe it or not, one of them was recently sold at auction for $339,000.
How Can You Tell If A 1922 Peace Dollar Is A High Relief?
It was an early silver dollar with a normal relief design minted in Philadelphia without a mintmark. It can weigh 26.73 g (0.8593 troy ounces), has 38.2 mm in diameter, and contains 90% silver and 10% copper.
Anthony de Francisci designed it. After that, 51,747,000 pieces were minted in 1922. The value of the coin in condition can approximately be $20 to $35. However, it can still be a value above the silver melt price.
An uncirculated (MS+) mint coin can be more expensive and reaches $52 to $175. Finally, a coin can be worth more than $81,000.
It can be an early silver dollar with a high relief design minted in Philadelphia without mintmark. It can weigh 26.73 g (0.8593 troy ounces), has 38.1 mm in diameter, and can contain 90% silver and 10% copper.
What Makes A 1922 Peace Dollar Rare?
The question can be why the U.S. Mint was made so many Peace Dollars in 1922. The reason is a World War I silver law.
The government was getting permission for melting 270 million silver dollars in 1918 through Pittman Act, but the condition was to replace these dollars after the war.
What Are The Rarest Peace Dollars?
The 1928 Philadelphia minted Peace silver dollar had the lowest mintage in the entire series, with only 360,639 pieces produced.
With the Great Depression was started to take its toll on the United States economy, the demand for coinage by the American people was beginning to drop.
How Many High Relief 1922 Peace Dollars Are There?
Approximately 34,000 high-relief 1922 peace dollars were being minted. However, production was quick because the coins were difficult to make with their high relief.
Some of these coins were sent to mint headquarters in Washington. The rest of them got destroyed.
Why Is It Illegal To Own A 1964 Peace Dollar?
Today, it can be illegal to possess a 1964-dated Peace dollar because they have not been released to the public
. Any examples of the coin that were found belonged to the U.S. government. “If it existed, it could be one of the great coins of the 20th century”.
Why Does The Peace Dollar Say Trust?
Melkote Ramaswamy, an American Hindu scholar, wrote that the presence of the phrase “In God, We Trust” on the American currency was a reminder that “there is God everywhere if we stay conscious or not.”
Chase received the first and foremost appeal in a letter dated November 13, 1861, so when the director of the Mint was proposing that the designs of either “Our Country; Our God” or “God Our Trust” be the motto that should be coming on U.S. coins, approvals were swift.
1922 Peace Dollar Errors:
The value of the coin condition can be approximately $20 to $35. According to American Coin Book, a piece in uncirculated (MS 65) mint condition can reach $2,591. The finest-known coin can be worth $41,135.
1922 Liberty Silver Dollar Trust Misspelled Value:
The reversed text on the silver dollar used to read “United States of America, E Pluribus Unum, One Dollar, Peace.”
The obverse of the coins has been a bust of a female facing the left with a pointed crown and flowing hair. The reverse of the Peace Dollar is having an eagle sitting on a rock in the rays in the background.
The Peace Dollar series is very popular with collectors. If you have a 1% Peace Dollar that you want to sell, you can sell them in different auctions.
If you ask yourself, “What will be my coin worth?” then by these auctions, you will be getting an idea of how much it can cost you.
1923 Peace Dollar Value:
According to olden times statistics by the USA Coin Book, the Peace silver dollar had an estimated value of $ 28 in normal condition and $ 52-$ 173 in its uncirculated mint condition.
It had a melt value of $ 18.41. This could mean that the coin was having a loss in value when it got melted.
Nowadays, the coin can be highly sought after by coin collectors and investors. Most collectors assessed and attached value to uncirculated silver coins based on two broad factors: mintmark.
On August 25, 2021, the coin had a silver melt value of $18.30calculated based on the spot price for the silver. The spot price for silver could have been $ 23.67 for an ounce of silver.
1922 Peace dollars were being minted quantities beginning, more than 52 million at the Philadelphia Mint alone were being struck.
The coins were beginning to pile up in the Mint and Treasury. As one of the most common dates in the Peace dollar series, many quality examples in MS-65 and higher grades were available. It would be best to aim for the higher grades of MS-65 or MS-66 for this date.
1922 Circulated Peace Dollars were Common and always available in E.F. and A.U., but at those levels, the date can be little more than a commodity-based on the price of silver.
When getting on 1922 Peace dollars were normal, and expect the price of silver to be very important in that calculation.
Many High Grades 1922 Peace Dollars existed; The 1922 Peace dollar can be one of the most readily available silver dollars of date and design type.
MS-60 to 62 coins were not more important than E.F. and A.U. examples and traded at a small premium above the circulated coins.
At MS-63, anyone could afford an example of the date, and the same could be said for MS-64, MS-65, and finer.
Even an MS-66 coin should be given to those who want one. Look for lively lustering, a full strike, and minimal marks.
1922 Peace Dollar Mint Mark:
When it was present, the mint mark could have been found on the reverse side of the coin, below the word ONE.
The 1922 silver dollar having no mint mark can be in varieties. There can be the high relief variety and the normal relief variety.
Without a mintmark, the silver dollar can have a value of $ 25 in its condition. The value can increase to $ 27 if this is fine.
An MS 60 grade silver coin can be valued at $ 30 if uncirculated and $ 110 if uncirculated and has an MS 65 grade.
Is A 1922 Silver Dollar Rare?
One rare and valuable variety can be the 1922 High Relief Peace Dollar. Most 1922 Peace dollars are Normal.
Nearly all of these high-relief coins were being melted down a short time later by the U.S. Mint. Only about 10 to 12 Higher Relief 1922 Proof (Matte) Peace Dollars were estimated to exist.
For a set of peace dollars to complete, it should have 24 coins. However, some of the coins can be rare and hard to find in high-grade.
They can be including 1921 and 1928 Peace Dollars, and many more of them. However, the rarest of them all can be the 1964-D Peace Dollar.
1922 Silver Dollar Proof Coin:
One rare and valuable variety could be the 1922 High Relief Peace Dollar. Most 1922 Peace dollars are Normal Relief.
So their features are not sharp, and they do not stand out much. In, All 1921 Peace Dollars are in Higher Relief. The U.S.
Mint can find that this original high relief design produces higher quality and more beautiful coins, but it can cause more wear and tear on the dies that produced the coins, which needs replacement often.
So in early1922, The U.S. Mint decided it was more practical to produce dies that resulted in a coin design with lower relief and lower circulation.
The U.S. Mint was originally producing 35402 of these 1922 High Relief coins (mostly nonproof business was struck intended in circulation before going to a Normal relief design.
Nearly all of these high-relief coins are melted down a short time later by the U.S. Mint. Only about 10 to 14 High Relief 1922 Proof (Matte – Proof) Peace Dollars were estimated to exist.
One stray nonproof business strike coin is existing, with signs of wear in a condition.
Special Condition And 1922 Peace Dollar Value:
In the USA Coins Book, the Estimated Value of 1922 Peace Silver Dollar (Normal Relief Variety) was Worth $30 in Average Condition. It would be worth $53 to $177 or more in Uncirculated (MS+) Mint Condition.
Most 1922 Peace Dollars are produced with a Normal Relief design like is the one above in the example image. All 1921 Peace Dollars are High Relief. The U.S.
Mint found that this original high relief design was produced higher quality and more beautiful coins, but it caused more wear and tore on the dies that were producing the coins, which is needed to be replaced often.
So early in 1922, The U.S. Mint decided it was more practical for producing dies resulting in a coin design with lower relief and lower quality for circulation.
What Are The Most Valuable U.S. Silver Dollars?
The peace silver dollar is only 2nd to the Morgan silver dollar.
Some of the most precious peace silver dollar series are including
- 1921 Philadelphia Mint
- 1922 Die Break in Reverse
- 1928 Philadelphia Mint
- 1934 Double Die Obverse
- 1794 Flowing Hair Silver Dollar. Sold at auction: $10,015,8
- 1796 Small Date, Small Letters Silver Dollar
- 1866 No Motto Seated Liberty Dollar
- 1884 Silver Trade Dollar
- 1795 Draped Bust Off Center
What Are The Most Valuable U.S. Silver Dollars?
- 1794 Flowing Hair Silver Dollar. Sold at auction: $10,016,774
- 1885 Silver Trade Dollar
- 1804 Silver Dollar
- 1866 No Motto Seated Liberty Dollar
- 1884 Silver Trade Dollar
- 1802 Novodel Silver Dollar
- 1795 Draped Bust Off Center
In 2010, Professional Coin Grading Service (PCGS) valued an uncirculated 1921 Peace Dollar at $265. The Philadelphia Mint struck only 360,649 Peace Dollars in 1928, making it the rarest date in the Peace Dollar series.
Mint workers at the Philadelphia mint in 1922 failed to recognize a deteriorating die. The crack in the die on the reverse side resulted in a blob of metal below the eagle and above the word DOLLAR. This variety is easily recognizable without the aid of any magnification.
According to professional estimation, over 15 million of them still exist, including approximately: 10 million 1922 with no mintmark of 51,737,000 minted in Philadelphia.
The “holy grail” of all silver dollars is a 1794 Flowing Hair, which is believed to be the first silver dollar ever struck by the United States. Numismatist and coin dealer Bruce Morelan bought the coin in 2013, spending $10 million to own this insanely rare coin.
Final Advice About 1922 Peace Dollar Value:
Peace silver dollars replaced Morgan silver dollars and were minted from 1921 to 1934. Although many of these coins were preserved today, some were rare and worth a small fortune.
The legend said that Anthony de Francisci designed the new coin inspired by his wife, Teresa, but the rays on Miss Liberty’s head were similar to those on the Statue of Liberty. On the other side is an American eagle, like a symbol of the American dream.
According to data from the United States Mint, the Philadelphia mint produced a record 13.4 billion coins annually. One of such coins ever were produced by the Mint is obsolete yet is recognized 1923 Peace Silver Dollar.
The Silver Peace Dollar was mainly designed to symbolize peace after the First World War. It was the second silver dollar minted after the Morgan law Dollar. It was now approximately 100 years old.
There are uncirculated coins, peace dollar production, and bullion silver coins. People used to have a coin collection. They were called coin collectors back in the day.
These coins used to have bold details that looked like visible details. There were banknotes. People used to have benefits of coin collecting, coins like bronze coins.
Some coins now are in bad condition. If you see the design of these coins, they are in bad condition with a strong luster.
Proof peace dollars and mint workers reverse designs of these coins because of the obverse design. They were valuable coins.
There were types of coins. You can see the online coin price guide. These coins are a way of eye appeal. They were made of precious metal. These coins go through a validation purpose.
The 1923 Silver Peace Dollar was symbolic of America’s peace after the First World War. It bears an image similar to the Liberty Statue in New York.
If you fancy vintage coins, this will be one of the sought-after dollar coins you would probably be stuck in your home.