In December 1921, the Peace Dollar design was approved by Treasury Secretary Andrew Mellon, replacing the Morgan Dollar and marking peace between the U.S. and Germany.
Designed by renowned Italian American Sculptor Anthony de Francisci (1887-1964), the Peace Dollar symbolized the country’s coming of age as an international power, while recognizing the sacrifices made by its citizens in World War I and celebrating victory and peace.
The obverse features Liberty in profile, a radiant crown on her head. Obverse inscriptions are “LIBERTY,” “IN GOD WE TRUST,” and the year of issuance.
The reverse depicts an eagle at rest holding an olive branch above the inscription “PEACE.” Additional inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE DOLLAR.”
Specifcations
Popularity among collectors
For collectors, the Peace Dollar is popular not only because of its limited mintage, but also because of its historical significance and rustic beauty. Because the coin is a symbol of peace after World War I, collectors see it as a true piece of American history. The Peace Dollar is also important among collectors because it was the last dollar coin minted for circulation purposes to contain silver.
Another reason for the Peace Dollar's popularity among coin collectors is the coin's age. The earliest versions of this coin are nearly 100 years old, and many of them are still intact. Given their rich cultural history, design and silver content, it is not surprising that so many collectors would try to buy and hold these coins.
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