The silver Peace Dollar coin carries historical significance and features a stunning design. Because Peace Dollars were only produced in limited quantities and for only a period of a few years, serious coin collectors may look to own a coin from every year of mintage.
Peace Dollars were first minted nearly a century ago, and because of their age, many of the Peace Dollars bought and sold today may exhibit signs of wear and tear. This is not surprising, however, given the fact that these coins were minted to go into circulation. Although the coins appearance may reveal its age, there are Peace Dollars available in brilliant, uncirculated condition as well.
The coin grading process is very thorough and intense. The process is subjective; however, the final grade is determined by an expert coin grader or numismatist. These expert coin graders carefully examine each coin to assess the coin’s overall condition as well as authenticity. Like other types of coins, the better the overall condition, the more value the coin may bring. You can examine your own coin to get a good idea of its grade by carefully examining both the obverse and reverse and looking for any imperfections in the coin’s images, text, color or finish.
Use the specifications below to determine how your Peace Dollar coin may be graded.
Uncirculated: An uncirculated 1926 Peace Dollar coin shows no visible imperfections. Although these coins are nearly 100 years old, a coin in uncirculated condition will appear as if it just came out of the mint ready for shipment. Uncirculated coins will have no visible imperfections or scratches on the imagery or wording, although they may take on a slightly different color or tone because of their age. You can use a magnifying glass to examine your coins and make a determination on the coin’s condition. The magnifying glass makes it easy to closely inspect the coin’s images, text and details, and you can see if some of the details have been rubbed away over the years.
Extremely Fine: Directly below uncirculated condition, an extremely fine Peace Dollar will show minor defects on the coin’s images or text. Some of the finer details of the coin may be slightly worn or damaged. In addition, the coin’s texture may feel worn and smoother overall. Despite this, coins in extremely fine condition are still considered to be in great overall condition.
Fine: A coin in fine condition has kept all of its details intact and the details are still easy to make out. There are, however, visible signs of wear and tear on the coin’s obverse and/or reverse. Coin details such as imagery or text may be worn down and the coin’s overall appearance may seem duller.
Good: A coin in good condition shows significant signs of wear and tear, and a magnifying glass may be required in order to determine the coin type, mint year and other details. While coins in good condition are far from mint grade, they may still be very popular with collectors and investors.
As stated previously, Peace dollars were only minted for a limited time and in limited quantities. The 1926 edition is coveted by coin collectors due to its history, silver content and beautiful design. Because of these factors, the price for this coin regularly exceeds $35. Recent sales prices for this coin have ranged from $32 to over $37.
1926 Peace Dollar
|1926 Peace Dollar||N/A||N/A||$35||$37|
|1926 Peace Dollar (D)||N/A||N/A||$35||$40|
|1926 Peace Dollar (S)||N/A||N/A||$35||$38||Source: Red Book|