1921 $1 Silver Peace Dollar NGC High ReliefPRODUCT ID: 10034
1921 Peace dollars are often the centerpiece of a collection. Your coin is both the start of the series and also a one year "high relief" issue. These coins have an exceptionally deep and boldly struck design, compared to the following years it is very distinctive.
The Peace Silver Dollar was the last Silver Dollar minted for circulation. It was made only from 1921 to 1935. The coin was first issued as a celebration of world peace after World War I.
Sculptor Anthony De Francisci portrayed his wife, Teresa, as Lady Liberty on the obverse. The reverse shows an eagle holding only an olive branch of peace instead of the usual olive branch and arrows of war. The eagle is also sitting on a rock inscribed with the word “PEACE.”
This is the largest silver coin ever made for circulation. It is the same size as the Morgan Silver Dollar – almost 1-1/2 inches in diameter. Each coin was struck in .900 pure silver and contains over 3/4 ounce of pure silver.
Millions of Peace Silver Dollars were melted for the silver to help pay for World War II. Millions more were privately melted in the 1980’s and later when the price of silver skyrocketed.
The 1921 Peace Dollar is considered the most beautiful Peace Dollar by many collectors. Striking the coins in high relief was hard on the dies, so in 1922 the mint switched to a much lower relief.
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. 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. From the start, the Mint found that excessive pressure had to be applied to fully bring out the design of the coin, and the dies broke rapidly. On January 10, 1922, O'Reilly, still serving as Acting Mint Director in Baker's absence, ordered production halted. Dies had been sent to the Denver and San Francisco mints in anticipation of beginning coinage there; they were ordered not to begin work until the difficulties had been resolved. The Commission of Fine Arts was asked to advise what changes might solve the problems. Both Fraser and de Francisci were called to Philadelphia, and after repeated attempts to solve the problem without reducing the relief failed, de Francisci agreed to modify his design to reduce the relief.
Mint mark: none (Philadelphia)
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm
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