It's not a 5 at all. It's a stylized A superimposed on an F, and is the monogram of the coin's designer Anthony de Francisci.
Assuming the coin is circulated and has no mintmark ,your 1926 PEACE DOLLAR is common. Value is $17.00-$29.00 NOTE: No US coin is a Lady Liberty coin.
5-26-11>> Assuming the coin is circulated and has no mintmark ,your 1926 PEACE DOLLAR is common. Value is $36.00-$40.00 NOTE: No US coin is called a Lady Liberty coin.
It's a PEACE dollar rather than a "peach" dollar, and should have the word PEACE on the back under the eagle. If it doesn't have the word and the eagle's wings are outstretched, you don't have a Peace dollar, you have the more common Morgan design. Please see the Related Questions for more information.
7-16-11>>> It depends on which 1921 silver dollar you have. 1921 was the last year for Morgan dollars and the first year for Peace dollars. On the front of a Morgan above Liberty's head is the Latin phrase E Pluribus Unum. The Peace dollar has the word Liberty above Miss Liberty's head and on the back of this coin under the eagle is the word Peace. The values between the two are very different. A 1921 Morgan dollar in average circulated condition runs from $35.00 to $44.00. and a 1921 Peace dollar runs from $80.00 to $185.00 in average circulated condition.
Is it a Morgan or Peace dollar? A Morgan dollar features a personification of Liberty with a crown saying "LIBERTY" on it. A Peace dollar has a personification of Liberty with rays of light coming out of her head. The reverse of a Morgan dollar has an Eagle with arrows and an olive branch and a wreath under it. The reverse of a Peace dollar features a perched eagle sitting on a rock inscribed "PEACE". Without knowing the type of coin, it is impossible to state a value.
It depends on which 1921 silver dollar you have. 1921 was the last year for Morgan dollars and the first year for Peace dollars. On the front of a Morgan above Liberty's head is the Latin phrase E Pluribus Unum. The Peace dollar has the word Liberty above the head and on the back of this coin under the eagle is the word Peace. The values between the two are very different. A 1921 Morgan dollar in average circulated condition runs from $14.00 to $19.00. and a 1921 Peace dollar runs from $70.00 to $150.00 in average circulated condition.
You're describing a 1923 US Peace dollar, called that because it was struck to commemorate the end of WWI. There's more information at the question "What is the value of a 1923 US silver dollar?"
All Peace dollars have the same design. The difference between the 1921 Peace Dollar and the 1921 Morgan dollar is that Liberty looks completely different. In the more common 1921 Morgan dollar, Liberty wears a crown with the word "LIBERTY" on it, on the reverse of the Morgan dollar, there is an eagle with olive branches and arrows in its talons along with a wreath under it. On the Peace Dollar, Liberty looks like she has rays coming out of her head and on the reverse there is an Eagle sitting on a rock inscribed "PEACE", there is no wreath on the reverse.
The initials you have observed under the neck of Miss Liberty belong to the designer, Anthony de Francisci. See the Related Question for values.
That is the Mintmark.It is the S Mintmark.
NO Peace dollars have a "5" under the neck. The symbol is an intertwined A and F, for the designer's monogram - Anthony di Francisi.
From $75.00 to $180.00 in circulated condition