Coin values · 90% silver · 1921–1935
Peace silver dollar value: melt value today and key dates
The Peace dollar (1921–1928 and 1934–1935) is 90% silver with the same 0.7734 troy oz as a Morgan. Common dates trade near melt plus a premium; the 1921 high-relief first year and the low-mintage 1928 are the scarce ones. At the Nov 3, 2026 close ($49.78/oz silver), one coin’s 0.7734 oz of silver was worth $38.50.
Peace silver dollar specifications
| Years struck | 1921–1928, 1934–1935 |
|---|---|
| Designer | Anthony de Francisci |
| Mints | Philadelphia (no mintmark), Denver (D), San Francisco (S) |
| Composition | 90% silver, 10% copper |
| Weight | 26.73 g |
| Diameter | 38.1 mm, reeded edge |
| Silver content (ASW) | 0.7734 troy oz |
| Face value | $1 |
| Melt value | $38.50 at the Nov 3, 2026 close ($49.78/oz silver); live value above |
Weights, fineness and mintages come from the primary records listed under Sources; melt is computed from the gold or silver content.
Peace silver dollar melt calculator
Melt = pure metal content × recent spot (silver $49.78/oz). This is the bullion floor; collectible coins can be worth far more. Federal rules restrict melting only 1¢ and 5¢ coins (31 CFR Part 82; 1942–1945 silver war nickels are exempt). This estimates intrinsic value.
What a Peace silver dollar’s silver has been worth since 1968
A Peace silver dollar held about $1.52 of silver in 1968, peaked near $79.81 in 2026, and its metal is worth $38.50 today. That is melt only; a scarce date or high grade can carry a collector premium on top.
Peace silver dollar melt value by decade
Melt of one coin at each decade’s December close. The peak month was Jan 2026 at $79.81; the low was Oct 1971 at $1.01. Melt has been above the $1.00 face value in every month since 1968, and is now about 38 times face.
| Close | Silver price | Melt per coin |
|---|---|---|
| Dec 1970 | $1.63 | $1.26 |
| Dec 1980 | $15.50 | $11.99 |
| Dec 1990 | $4.19 | $3.24 |
| Dec 2000 | $4.58 | $3.54 |
| Dec 2010 | $30.63 | $23.69 |
| Dec 2020 | $26.49 | $20.48 |
| Nov 3, 2026 | $49.78 | $38.50 |
Prices: LBMA benchmark history, then Bullion Trading LLC 5 pm ET spot closes (monthly observations).
About the Peace silver dollar
The Peace dollar marked the end of World War I and was struck from silver bought under the Pittman Act to replace the dollars melted in 1918–1919. The 1921 coins were in high relief, which did not strike up well, so the relief was lowered from 1922.
The reverse shows an eagle at rest on a rock with the word PEACE. A broken sword in the first model was removed before release because the public read it as defeat.
In May 1965 the Denver Mint struck Peace dollars dated 1964, then melted them all. The mintmark is on the reverse, below ONE near the eagle’s wing tip.
Key dates and mintages
- 1921 (high relief): 1,006,473 struck from late December 1921, all in high relief.
- 1928: 360,649 struck, the lowest Philadelphia mintage.
- 1934-S: 1,011,000 struck, scarce in uncirculated grades.
- 1964-D: about 316,000 struck at Denver from May 1965, by later Mint statements, and reported melted. None may legally be owned.
When is a Peace silver dollar worth more than melt?
Common 1922–1925 dates trade as silver. The 1921, 1928 and the S-mint dates in high grades carry premiums; we do not publish collector prices. Since 2021 the US Mint has also struck .999 fine Peace dollars for collectors.
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Store prices as of 2026-11-03. Today's price is on each product page.
