The Peace dollar is a United States dollar coin minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace following World War I. Its 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.
The high relief of the 1921 design was found impractical for coinage and was slightly modified in 1922 after 35,401 coins of that date were made and melted at the mint. The rare matte and satin finish proof specimens of 1922 are of both the high relief style of 1921, as wells as of the normal relief.
The reverse of Peace Dollar shows a left-facing profile of Liberty, her features based on those of Teresa de Francisci, the designer's wife. The new Liberty was much slimmer than her predecessor on the Morgan coin, and wore a stately crown instead of a cap. The reverse side design of Peace Dollar caused a few problems. Originally, de Francisci wanted the eagle on the back of the Peace Dollar Coin to be breaking a sword, symbolizing American rejection of jingoism. The eagle carried an olive branch instead, and the word Peace was added to the picture, in case matters still were not clear enough. A further note on de Francisci's design should include the background against which the bird was positioned. The eagle stood on a peak or rock, facing a sunrise, suggesting a nation poised to take off into a bright future.
Legislation date August 3, 1964 authorized the coinage of 45 million silver dollars, and 316,076 dollars of the Peace design dated 1964 were struck at the Denver Mint in 1965. Plans for completing this coinage were abandoned and all of these coins were melted. None were preserved or released for circulation.
$1 Peace Dollar (1921-1935)
Designer: Anthony de Francisci
Composition: 90% Silver, 10% Copper
Weight: 26.73 grams
Diameter: 38.10 millimeters
Mints: Philadelphia, Denver and San Francisco
Two different design variations
Type 1, High Relief (1921-1922)
Type 2, Low Relief (1922-1935)