The 1921 Peace Dollar is a celebrated coin that symbolizes the end of World War I and the desire for peace. Released by the U.S. Mint in 1921, it represents both historical significance and artistic beauty.
This guide explores the background, design, minting details, value, and appeal of the 1921 Peace Dollar, offering collectors insights into why it’s one of the most sought-after coins.
The Story Behind the Peace Dollar
The Peace Dollar was introduced as a symbol of peace following World War I. Farran Zerbe, a noted numismatist, proposed the coin to honor America’s victory and restore hope.
The U.S. Mint approved the idea, and the Peace Dollar was born in 1921. As the first coin of the Peace Dollar series, the 1921 edition holds special value for collectors and history enthusiasts alike.
Features of the 1921 Peace Dollar
The design of the 1921 Peace Dollar, created by sculptor Anthony de Francisci, carries rich symbolism on both sides of the coin.
- Obverse Design: The front features Lady Liberty with a radiant crown, symbolizing freedom and strength. Above her is “LIBERTY,” with “1921” below and “IN GOD WE TRUST” on the side.
- Reverse Design: The back showcases a bald eagle perched on a rock, holding an olive branch, representing peace. Around the eagle are “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM,” with “PEACE” prominently displayed.
- Composition: The coin is made from 90% silver and 10% copper, weighs 26.73 grams, and measures 38.1 mm in diameter.
- High Relief: The 1921 Peace Dollar has a high-relief design, adding depth and making it unique among later Peace Dollars. However, this feature also made it more challenging to mint.
Minting and Rarity
The 1921 Peace Dollar was minted exclusively at the Philadelphia Mint, with a total of 1,006,473 coins produced. Due to its high-relief design, the minting process was tough,
causing the dies to wear out faster, resulting in fewer coins than later Peace Dollars. This low mintage adds to the rarity of the 1921 Peace Dollar, especially in higher grades.
Grading and Value of the 1921 Peace Dollar
The value of a 1921 Peace Dollar depends greatly on its condition. Coin grades range from Poor (P-1) to Mint State (MS-70). Here’s a breakdown of grading and values:
- Good (G-4): Basic design visible with significant wear, valued around $80 to $150.
- Very Fine (VF-20): Moderate wear with clear details, valued between $200 and $400.
- Extremely Fine (EF-40): Light wear on high points, with sharp details, valued at $500 to $1,200.
- Uncirculated (MS-60): No visible wear, full luster, valued from $1,500 to $3,000.
- Uncirculated (MS-65): Premium quality with full luster, valued from $7,000 up to $20,000.
Prices fluctuate depending on market demand and the coin’s unique characteristics, making it a valuable item for collectors and investors alike.
Investing in the 1921 Peace Dollar
The 1921 Peace Dollar is a unique blend of history and potential investment. Due to its rarity and historical importance, it is often in demand among numismatists and collectors. Consider these factors when investing:
- Condition: Higher-grade coins, especially uncirculated ones, are more likely to grow in value.
- Authentication: Get coins graded by reputable services like PCGS or NGC for authenticity.
- Market Trends: Track auction prices and market trends to make informed purchasing decisions.
The 1921 Peace Dollar stands out as a rare and historic coin with strong collector appeal. As the first Peace Dollar, it symbolizes peace and resilience, with its design and rarity adding to its investment potential.
Collectors interested in American history, coin design, or numismatic investment will find the 1921 Peace Dollar a truly remarkable piece.
Why is the 1921 Peace Dollar special?
It’s the first Peace Dollar ever minted, symbolizing the end of World War I, and has a high-relief design that sets it apart.
What does “high relief” mean on the 1921 Peace Dollar?
High relief means the design is raised more than usual, adding depth but making it harder to produce. This feature was later changed in subsequent years.
What factors affect the value of a 1921 Peace Dollar?
Value is based on condition, rarity, and demand. Coins in higher grades or uncirculated condition are worth more.
How can I confirm the authenticity of my 1921 Peace Dollar?
Get your coin graded by a reliable service like PCGS or NGC to ensure authenticity and determine its grade.
Is the 1921 Peace Dollar a good investment?
Yes, its historical importance and rarity make it a popular collectible with potential for value growth, especially in high-grade conditions.
