Next to the Morgan silver dollar, the Peace silver dollar is the second most popular United States silver dollar to collect. A complete set of peace dollars in circulated grades can be assembled at a reasonable cost. However, trying to assemble a set of uncirculated coins will take some time and patience to find the right coins for your collection. The more advanced collector will also strive to acquire each one of the following examples in the best condition possible. The new design caused the highest points of the design on the coin to be weakly struck and lacking in detail. Between the Philadelphia, Denver, and San Francisco Mint, a total of over 68 million Morgan silver dollars were struck in 1921 while only slightly more than one million Peace silver dollars were made. In 1922, de Francisci lowered the relief to correct the problems with striking the coins properly. Therefore, the 1921 Peace silver dollar is a one-year design type coin. Also, proximately 35,000 high relief 1922 peace dollars were also minted. However, because the coins were difficult to make with their high relief, production quickly halted. A few of these coins were sent to mint headquarters in Washington DC. The rest of them were supposedly destroyed. However, a few of them slipped out into general circulation. Be on the lookout for these highly valuable high-relief peace dollars. Beware of altered coins that used a low-value 1928-S (San Francisco minted) removed with the “S” mint mark. If you want to add one of these coins to your collection, you should only purchase them through a trusted coin dealer or an authenticated example from a third-party grading service. Since collectors saved a low number of mint state coins throughout the years, this resulted in a condition rarity. Beware of forgeries created by removing an “S” from another Peace dollar and adding it to a 1934 Philadelphia minted Peace dollar. A third-party grading service should authenticate uncirculated specimens before purchasing.
