For individuals who like to collect and sell rare coins, the Peace silver dollar is highly coveted. If you're new to the hobby, understanding more about this valuable item is key to developing a comprehensive collection. The following guide offers an introduction to Peace dollars, so you can identify them in your collection.

What Is the History of Peace Dollars?

The Pittman Act of 1918, which passed in reaction to international financial upheaval at the close of World War I, required the United States to sell the United Kingdom millions of troy ounces of silver. During this time, the United States Mint was pushed to develop a new dollar design to commemorate the end of World War I. As a result, the Fine Arts Commission arranged a competition among the best sculptors and medalists in the country. Anthony de Francisci was the victor, and his design is today known as the Peace Dollar.

This new dollar design went into production late in 1921. The first-year issue was struck in high relief and was faithful to Francisci's original work. This method proved problematic, though, for Mint processes, so the coins were only manufactured continually until 1928 and again for two years during the Great Depression from 1934 to 1935.

Which Types of This Rare Coin Are Most Valuable?

Although all versions of the Peace silver dollar are rare and valuable, there are some that are worth a bit more when you go to sell. For example, those made in Philadelphia in 1921 are typically considered more valuable since this variety was only produced for a single year due to issues striking the coins, making them incredibly rare to find.

Another valuable version is the 1922 batch, which features a mark on the backside due to a break in the die that minted the coin. This version has become popular among coin enthusiasts thanks to its easily identifiable marking.

If you're looking to add to your collection of rare coins, visit American Trading Company in Cincinnati, OH. For over half a century, this reputable pawn shop has purchased and sold authentic gold, coins, and jewelry. Call (513) 661-3633 or visit their website to learn more about what they buy, sell, and trade.