The silver Peace Dollar is a great example of the beauty and quality of coinage produced by the U.S. Mint. These coins feature a beautifully detailed design of historical significance, celebrating the era of peace following the end of World War I. Because these coins were only minted for a few years and were produced in limited quantities, they are highly sought after by coin collectors and investors alike.
The first edition Peace Dollars were minted nearly 100 years ago. Due to their age, many Peace Dollars for sale on the open market may show age related imperfections. These coins were minted for circulation, and most of them have exchanged hands over the years. There are limited supplies, however, of uncirculated Peace Dollars on the market today.
The coin grading process is a long and thorough process. The coin’s final grade, however, is determined by an expert numismatist or team of graders. As is the case with any coin, the better the overall condition is the more valuable that coin may be. You can try to determine what grade your coin may be by performing a thorough inspection of both sides of the coin as well as the coin’s edge. A magnifying glass can be used to aid in this process.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: An uncirculated 1935 Peace Dollar coin will look as if it’s never been handled. Despite the coin’s age, the coin will look like it is fresh from the Mint’s presses. The coin’s images, text and detail will look freshly struck. The coin’s color and finish, however, may give clues as to the coin’s age. By using a magnifying glass to thoroughly inspect your coin, you can take a very close look at the coin’s details such as the minting year to look for any signs of fading or wear.
Extremely Fine: The next step below the brilliant uncirculated grade, an extremely fine 1935 Peace Dollar will have very minimal signs of wear and age on the coin’s surfaces, text and imagery. Some of the coin’s images, text or its edge may be worn down. The surface of the coin may feel smoother in general or in certain places from years of exchange and handling.
Fine: A fine coin will exhibit clear signs of wear and tear on imagery or text, although you still can easily determine the coin type and text on the coin. The coin’s images, text and edge may be slightly worn down or more smooth, and the coin’s finish may take on a noticeably duller appearance.
Good: Many years of handling and exchanges have eroded the coin’s images and text, and they may be difficult to identify. A close examination must be done in order to determine the coin type, year or other pertinent information. Despite this wear and tear, these coins may still be extremely popular with collectors and enthusiasts because of their limited mintage, design and historical value.
As stated above, the 1935 edition Peace Dollar is of limited mintage and may become more and more difficult to come by with the passage of time. Due to robust demand for these coins, the price of this coin regularly exceeds $40. If and when a coin in pristine condition goes up for auction, the price of that coin can exceed $85. Recent sales prices saw the price of this coin range from $44 to $88.
1935 Peace Dollar
|1935 Peace Dollar||N/A||N/A||$45||$50|
|1935 Peace Dollar (S)||N/A||N/A||$50||$88||Source: Red Book|