The 1921 Peace Dollar is more than just a piece of currency; it’s a symbol of post-World War I optimism and a coveted item among coin collectors. With some specimens valued at over $130,000, this coin represents a unique blend of historical significance and numismatic value.
Historical Background
Commissioned to commemorate the end of World War I, the Peace Dollar was first minted in December 1921. Designed by Anthony de Francisci, the coin features Lady Liberty on the obverse and an eagle clutching an olive branch on the reverse, symbolizing peace. The 1921 edition was struck in high relief, making it distinct from later issues.
Mintage and Rarity
Value Based on Condition
The value of a 1921 Peace Dollar varies significantly based on its condition:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $82 |
| Fine (F-12) | $111 |
| Extremely Fine (EF) | $161 |
| Uncirculated (MS-60) | $368 |
| MS-63 | $1,000 |
| MS-64 | $1,300 – $1,650 |
| MS-65 | $20,000 – $30,000 |
| MS-67 | Up to $132,000 |
Note: Prices are approximate and can vary based on market demand.
Notable Sales
In 2018, a 1921 Peace Dollar graded MS-67 sold for a record $132,000 at auction. Such high-grade coins are exceedingly rare, with only a handful known to exist.
Identifying a 1921 Peace Dollar
To determine if you possess a 1921 Peace Dollar:
- Date: The coin should bear the year “1921.”
- Design: High-relief depiction of Lady Liberty on the obverse and an eagle on the reverse.
- Mint Mark: No mint mark, as all were produced in Philadelphia.
- Weight: Approximately 26.73 grams.
- Composition: 90% silver, 10% copper.
Counterfeit Awareness
Due to their value, 1921 Peace Dollars are targets for counterfeiters. Common signs of fakes include incorrect weight, poor relief details, and unusual coloration. It’s advisable to have the coin authenticated by reputable grading services like PCGS or NGC.
Market Demand
The 1921 Peace Dollar remains in high demand among collectors, especially those in uncirculated or high-grade conditions. Its historical significance and limited mintage contribute to its desirability.
Conclusion
The 1921 Peace Dollar is a remarkable artifact from a pivotal moment in history. Whether you’re a seasoned collector or a curious enthusiast, owning such a coin is both a privilege and a testament to the enduring allure of numismatics.
FAQs
Q1: How can I verify the authenticity of a 1921 Peace Dollar?
Q2: Are all 1921 Peace Dollars valuable?
A: While all have some value, coins in better condition or with unique features are worth more.
Q3: What makes the 1921 Peace Dollar unique?
Q4: Can I find a 1921 Peace Dollar in circulation today?
A: It’s highly unlikely, but not impossible. Some may still exist in private collections or old coin hoards.
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