The Peace Dollar silver coin is one of the most popular coins ever produced by the U.S. Mint. Because these silver coins were only minted in limited quantities and for only a handful of years, serious coin collectors may want to acquire coins from every year they were minted.
The Peace Dollar coin is approaching the 100 years old mark, and due to their age many of these coins available on the market today show age related physical wear and tear. The majority of these coins did, after all, find their way into circulation. Nevertheless, there are brilliant, uncirculated Peace Dollars available to be purchased. While these coins may not be considered overly “rare,” some editions can become scarce.
The process for grading coins is a complex one. While there is a long process involved, a coin’s grade is finally determined by expert coin graders. These numismatists will thoroughly examine each coin in order to determine the coin’s condition. Needless to say, the less wear and tear that is present on a coin, the more valuable the coin may be. The examination includes inspection of the coin’s details such as imagery and text, as well as an assessment of the overall condition. You can actually examine your coins yourself as well, and can get a general idea of how a coin may be graded based on its appearance, condition, mint year and relative scarcity.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: A 1927 Peace Dollar coin in uncirculated condition will show no physical signs of wear and tear. These coins, despite their advanced age, will look as if they have just been rolled out of the mint’s presses. They will look and feel brand new. While the coin’s color and overall tone may show some signs of age, the images and text on the coin will display no wear or damage. You can easily use a magnifying glass yourself to closely inspect the coin’s faces. Using a magnifying glass will allow you to see if all coin details remain robust, or if they have been slightly worn.
Extremely Fine: The next step down on the grading scale is extremely fine. An extremely fine Peace Dollar will have minor wear on the details or edges. Some of the coin’s details, such as Goddess Liberty’s hair, may appear worn or feel smooth. Despite this, the coin is still considered to be in excellent condition and has retained its appearance over the years.
Fine: A coin in fine condition has retained its detail, although the details may be worn from exchanging hands and the usual wear and tear. The coin’s finish may be duller, and the coin displays obvious signs of handling.
Good: A coin considered to be in good condition has significant physical signs of wear and tear. This may make it difficult to identify the coin, and a magnifying glass may be needed to do so. While these coins are not in the best condition, they may still be very valuable. Relative scarcity, certain mint years and other factors may make these coins difficult to acquire.
As previously stated, the Peace Dollar is a coin that carries a certain demand and can therefore become difficult to obtain. Because of this coin’s history and stunning design and features, prices for this coin can regularly exceed $35. If a coin in great condition goes up for sale, it may see the price exceed $75. Recent prices for this coin have ranged from $35 to $75.
1927 Peace Dollar
|1927 Peace Dollar||N/A||N/A||$42||$50|
|1927 Peace Dollar (D)||N/A||N/A||$45||$75|
|1927 Peace Dollar (S)||N/A||N/A||$45||$75||Source: Red Book|