What is the value of a 1921 US Peace dollar?

Answer 1

Two different types of $1 coin were struck in 1921. You need to make sure yours has the word PEACE on the back and that the eagle's wings are folded, not open.

The Peace design was only struck for about a month during 1921 so it commands a nice premium. Numismedia lists the following approximate retail values as of 04/2011:

Very worn condition - $78

Moderately worn - $89

Slightly worn - $100

Almost no wear - $151

Uncirculated - $246 to $5,720 depending on quality

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

FAQ's about Peace Dollars"Trvst"That spelling is NOT an error. In the early 20th century it was a common affectation for artists to use the Roman alphabet when lettering classically-themed designs. Latin had only 24 letters; V served as a consonant, a vowel with the "u" sound, AND the number 5. You had to know which was which based on the context, the same way we use Y as both a vowel and consonant. Other coins and artworks from the same period also have the same seemingly odd spelling as well. "Liberty", "E Pluribus Unum"

All Morgan and Peace dollars carry that motto as do most other U.S. coins so that's not a distinguishing piece of information.

Assuming the coin is circulated, the 1921 Peace dollar is a better date coin that was only struck at the Philadelphia Mint. For an accurate assessment of value the coin needs to be seen and graded. Most coins show a lot of wear. In general retail values for low grade coins are $83.00-$104.00, better grade are $120.00-$130.00 and coins showing almost no wear run from $144.00-$186.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer

The 1921 Peace dollar is the second most valuable in the series. It is worth between about $100 and $200 in circulated condition, and between about $250 and $2,500 in Uncirculated condition.

Please check your coin again. 1921 Peace dollars were only struck at Philadelphia.

If the eagle on the back of your coin has outstretched wings it's a Morgan dollar rather than a Peace dollar; both types were struck that year.

It's actually a PEACE dollar. In circulated condition it runs from $50.00 to $175.00 depending on grade.