The Peace Dollar is one of the most sought after U.S. coins ever minted. Seeing as how these coins were only produced for a limited number of years, a serious collector may want to own a Peace Dollar from each year minted.
Because these particular coins are approaching the 100 year old mark, many of the Peace Dollars available on the open market today will have visible signs of wear and tear. This makes sense given the coin’s age as well as the fact that these coins were used in circulation for some time. With that being said, however, there are many Peace Dollars that are in brilliant, uncirculated condition. While Peace dollars in general are not overly rare, some editions of the Peace Dollar, such as the 1928 edition, can become quite scarce, especially in higher mint-state condition.
Making the 1921 Peace dollar even more attractive to collectors is the fact that this year was the first edition. Some coins were minted using the Morgan design while others were minted with the new design by Anthony de Francisci. Because the 1921 edition is the closest to Francisci’s original design, they may have even more collectability.
The process that a coin goes through for grading is very complex. While subjective, the grading process does also come down to the opinion of experts in coinage. These experts will closely examine all aspects of the coin, and determine how well its condition has stood the test of time. As with any other type of coin, the less wear and tear the coin has and the better the overall condition, the more valuable the coin will be. Upon close examination of the coin’s obverse and reverse, one can get a general idea of a coin’s potential grade based on any imperfections present on the coin as well as relative scarcity, mint year and other factors.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: An uncirculated 1921 Peace Dollar is one that displays no signs of wear and tear at all. Despite approaching almost 100 years of age, an uncirculated coin in great condition will appear as if it just rolled of the mint’s presses. While the coin’s color and tone may provide clues as to its age, a coin in this condition will have no imperfections on its imagery or texture. One can easily use a magnifying glass to closely scrutinize a Peace Dollar coin. The magnifying glass can help one see if all details remain robust, or if some of the coin’s details have been worn away over time.
Extremely Fine: Just a step lower on the grading ladder, an extremely fine Peace Dollar will display only minor wear and tear on the coin’s obverse or reverse. Some of the smaller details, such as the olive branch, may be slightly worn down due to the coin changing hands over the years. The coin’s texture may also be smoother in some areas. Nevertheless, this coin is still considered to be in good condition and remains very attractive.
Fine: A fine coin has kept all of its details and imagery intact, although there are very visible signs of wear and tear on the coin. The coin may have lettering or images that are slightly worn, and the coin’s finish may take on a more dull appearance.
Good: Heavy wear and tear has taken a toll on the coin’s images or lettering. Although these coins are not in pristine condition, they can still be extremely popular due to their relative scarcity.
As stated above, some editions of the Peace Dollar can be more difficult to obtain. Collectors seek the 1921 edition because it is the closest to the original coin’s design. Because of this coin’s historical significance and appeal, prices for these coins regularly exceed $100.
1921 Peace Dollar
|1921 Peace Dollar||N/A||N/A||$140||$150||Source: Red Book|