1922 silver dollar value today
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Peace dollar
The Peace dollar is a United States dollar coin minted for circulation from 1921 to 1928 and in 1934 and 1935, and beginning again in 2021. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. Its obverse represents the head and neck of the Goddess of Liberty in profile, and the reverse depicts a bald eagle at rest clutching an olive branch, with the legend “Peace”. It was the last United States dollar coin to be struck for circulation in silver.
With the passage of the Pittman Act in 1918, the United States Mint was required to strike millions of silver dollars, and began to do so in 1921, using the Morgan dollar design. Numismatists began to lobby the Mint to issue a coin that memorialized the peace following World War I; although they failed to get Congress to pass a bill requiring the redesign, they were able to persuade government officials to take action. The Peace dollar was approved by Treasury Secretary Andrew Mellon in December 1921, completing the redesign of United States coinage that had begun in 1907.
The public believed the announced design, which included a broken sword, was illustrative of defeat, and the Mint hastily acted to remove the sword. The Peace dollar was first struck on December 28, 1921; just over a million were coined bearing a 1921 date.
When the Pittman Act requirements were met in 1928, the mint ceased production of the coins, but more were struck during 1934 and 1935 as a result of further legislation. In 1965, amid much controversy, the Denver mint struck over 316,000 Peace dollars dated 1964, but these were never issued, and all are believed to have been melted.
In 2021, the U.S. Mint produced a special 2021 issue Peace Dollar as a commemorative coin to celebrate the design’s 100th anniversary, with minting of the coins to continue from 2023 onwards.
1922 Silver Dollar
Specifications
Type: Peace Dollar
Year: 1922
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $17.78
The US minted the 1922 silver dollar with no mint mark and also the 1922 D silver dollar and 1922 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin, below the word “ONE”.
The 1922 silver dollar with no mint mark has two different varieties. There is the high relief variety and the normal relief variety. Originally these Peace dollars were struck in high relief, which means that the images stand out more and they are more detailed. There were 35,401 high relief silver dollars minted in 1922, and most of them were melted down. The ones that survived are very valuable. During 1922 the design changed to normal relief.
| Series | Location | Quantity Minted |
|---|---|---|
| 1922 Normal Relief | Philadelphia | 51,737,000 |
| 1922 High Relief | Philadelphia | 35,401 |
| 1922 D | Denver | 15,063,000 |
| 1922 S | San Francisco | 17,475,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $17.78 as of April 28, 2022. This melt value is calculated from the current silver spot price of $22.98 per ounce.
The normal relief 1922 silver dollar with no mint mark is worth around $25 in very fine condition. In extremely fine condition the value is around $27. In uncirculated condition the price is around $30 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $110.
The high relief 1922 silver dollar with no mint mark is very rare. Matte Finish proof coins will each sell for around $200,000 with a PR 65 grade.
The 1922 D silver dollar is worth around $28 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $80 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $500.
Lastly the 1922 S silver dollar is worth around $28 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $55 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,250.
1922 Peace Silver Dollar Value
Your 1922 Peace silver dollar value, currently worth a minimum of $18.28 today, is well above its silver melt price.
Recognizing your coin is “uncirculated” in condition, versus one with wear to the surface, is important to an accurate appraisal of even higher value.
Pictured is a 1922 Peace dollar that never entered circulation, displaying undisturbed, as minted luster. As reflected on the chart “uncirculated” condition defines a major breakaway point in price. To help judge this difference, see the grading images below. Also a very rare Gem condition Denver minted Peace dollar is highlighted, with an amazing price.
An opportunity for you. Premiums in price of silver dollars above their underlining silver value have over time been rising. An expanding spread is a reflection of both their popularity as a collectible and as a popular way to own silver. 1922 Peace dollars, large and heavy with silver, are prized by collectors and also bullion investors, keeping values strong.
Mintmarks on 1922 Peace dollars become a factor in value if your coin is in uncirculated condition. Three mints produced silver dollars that year, Philadelphia, Denver and the San Francisco mint. Mintmarks used to distinguish the mints were place on the reverse. Denver used a “D” mintmark, San Francisco an “S.” Philadelphia, the main mint did not use a mintmark.
Special Condition And 1922 Peace Dollar Value
Preserving coins in top condition has provided collectors with some really outstanding gem specimens. Holding your coin only by the edges, protecting from both damage and the elements really pays off.
Pictured is a stunning example of fortunate circumstances and intentional careful preservation. Quickly recognized as having exceptionally full details because of a strong strike, this 1922-D Peace dollar is highly valued today in thanks to thoughtful care.
Placed in a David Lawrence rare coin auction, it reached $690 as the high bid. A combination of superior luster, bold details and scuff free surfaces attracted discerning silver dollars collectors.
Handling your coins gently, separating and storing individually the high condition examples, is a big step in maintaining value.
Why Is It Called A Peace Dollar?
The Peace dollar is a lasting symbol of the hope for global peace following World War I — which ended in 1918. Many prominent coin collectors supported the idea of creating a victory coin emblematic of peace, though the idea was slow to get off the ground.
At the time, the United States Mint was set to begin striking dollar coins for the first time in more than a decade due to the regulations of the Pittman Act of 1918, which required the U.S. government to strike millions of silver dollars. While the Mint reprised the Morgan dollar design in 1921, 17 years after Morgan dollars were previously struck in 1904, there were many people lobbying for a new silver dollar design.
Supporters of the Peace dollar lobbied members of congress to change the design, but they eventually realized they didn’t need congressional approval to change the Morgan dollar. The Morgan dollar had already existed for more than 25 years (since 1878), and under U.S. law the coin could therefore be changed without an act of Congress. The U.S. Commission of Fine Arts formed a design contest to select a new silver dollar design, and they invited several artists to participate. Among them was de Francisci — the youngest of the artists invited to take part in the design contest.
The artists had a few rules to follow:
- The obverse had to depict the head of Liberty “as beautiful and full of character as possible.”
- The eagle had to appear on the reverse, along with the inscriptions “E PLURIBUS UNUM,” “IN GOD WE TRUST,” and “LIBERTY.”
The artists had just a few weeks to prepare for the task. Invitations were submitted on November 19, 1921 and the designs for the new Peace dollar were due on December 12.
The Peace dollar design was approved by Treasury Secretary Andrew Mellon in December 1921, and the first 1 million Peace dollars, dated 1921, were struck during the last few days of the year.
How Much Is A 1922 Silver Dollar Worth?
As you have probably known, 1922 Peace dollars are beautiful, and many people want to have at least one piece in their collections. Surprisingly, these coins have low value, primarily because they are not rarities.
In fact, 84,275,000 coins produced that year, making the Peace dollar mintage the highest in American history. Therefore, most of them are affordable, except for a few unique pieces. Let’s see how much is a 1922 silver dollar worth these days.
The 1922 Peace Dollar Production
Almost 45% of Peace Silver Dollars ever minted were produced in 1922. Among 109,577,279 coins made during fifteen years, from 1921 to 1935, as many as 84,275,000 were minted that year.
In the 60s, most of them were melted. However, their number is still huge. According to professional estimation, over 15 million of them still exist, including approximately:
- 10 million 1922 with no mintmark of 51,737,000 minted in Philadelphia
- 3 million 1922-D of 15,063,000 minted in Denver
- 2 million 1922-S of 17,475,000 minted in San Francisco
The question is why the US Mint made so many Peace Dollars in 1922. The reason was a World War I silver law. The government got permission to melt 270 million silver dollars in 1918 through Pittman Act, but the requested condition was to replace these dollars after the war.
Minting started in 1921 with 86 million Morgan dollars, and the silver dollars’ production continued with over 84 million 1922 Peace dollars in 1922 and 56 million in 1923.
