The Peace Dollar is one of the most desired coins ever produced by the U.S. Mint. Because these coins were of limited mintage and were only minted for a period of a few years, serious collectors may attempt to own Peace Dollars from each year they were minted.
The first editions of the Peace Dollar are now approaching 100 years of age. Because of their age, many Peace Dollars available on the open market may display a degree of age related wear and tear. This makes complete sense, after all, given the fact that these coins were minted to go into circulation. There are, however, Peace Dollars available in brilliant, uncirculated condition as well.
The coin grading process is thorough and complex, although much of the process comes down to the opinion of expert coin graders. As with any type of coin, the less wear and tear the coin has, the more valuable that coin may be. By thoroughly examining the coin’s obverse and reverse looking for any imperfections, one may be able to get a good idea of the coin’s grade.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: An uncirculated 1922 Peace Dollar coin will show no signs of wear and tear at all. In spite of the coin’s age, the coin will look as though it just emerged from the Mint’s presses. The coin’s color and tone may give some clues about the coin’s age; however, the imagery and texture of the coin show no visible signs of physical wear and tear. By using a magnifying glass to thoroughly examine the coin, you can take a very close look at the coin’s detail such as the olive branch and see if the image displays any signs of fading or being worn down.
Extremely Fine: Just one step below the brilliant uncirculated grade, an extremely fine 1922 Peace Dollar will have only minimal signs of wear and tear on the coin’s obverse and reverse. Some of the coin’s details, such as the Eagle or Goddess Liberty, may appear worn down. All of, or portions of the coin, may feel smooth to the touch from years of exchanging hands. Nevertheless, this coin is attractive and is in generally pristine condition.
Fine: A fine coin still has all of its imagery present and the imagery is easily identifiable, however, the coin exhibits visual signs of wear and tear. The coin’s imagery and wording may be worn down, and the coin’s overall appearance may be dull.
Good: Prolonged wear and tear has made the coin’s imagery or words difficult to make out. A close examination must be performed in order to determine what the coin is. Despite the fact that these coins may not be in great shape, they are still very popular because of their limited mintage and supply.
As stated above, the 1922 edition Peace Dollar is of limited mintage and may become increasingly difficult to find. By way of the chart below, you can determine how much you can expect to pay for a 1922 Peace Dollar boasting a given grade.
1922 Peace Dollar
|1922 Peace Dollar||N/A||N/A||$32||$36|
|1922 Peace Dollar (D)||N/A||N/A||$33||$37|
|1922 Peace Dollar (S)||N/A||N/A||$33||$35||Source: Red Book|