The Peace Silver Dollar: America's Symbol of Hope After War

The Peace Silver Dollar is more than just a piece of American currency—it’s a historic emblem of resilience, optimism, and the nation’s transition from war to peace. First minted in 1921, this iconic silver dollar was designed to commemorate the end of World War I and capture the spirit of a new era.

Origins of the Peace Dollar

Following the end of World War I, there was a growing desire in the United States to create a coin that symbolized peace and national unity. The Morgan Dollar, which had dominated U.S. silver coinage since the late 1800s, was due for a replacement. Under the Pittman Act of 1918, millions of older silver dollars were melted down, paving the way for a new design.

A competition led by the U.S. Commission of Fine Arts resulted in the selection of sculptor Anthony de Francisci, whose bold vision gave birth to the Peace Dollar. He used his wife, Teresa, as the model for Lady Liberty, infusing the coin with a modern, human touch that still resonates today.

Peace Dollar Design and Meaning

The design of the Peace Dollar is both elegant and symbolic:

• Obverse (Front): A youthful, confident Lady Liberty wears a radiant crown, evoking the Statue of Liberty and a sense of strength and progress. Her windswept hair suggests movement toward the future.
• Reverse (Back): A calm yet powerful bald eagle rests on a mountaintop, clutching an olive branch in its talon. Behind it, the sun rises—a symbol of hope and new beginnings. The word “PEACE” is prominently engraved, reinforcing the coin’s message.

Every detail of the coin was chosen to reflect America’s transition from a time of conflict to a time of healing.

Notable Years and Key Dates

Collectors often seek out certain Peace Dollar issues due to their limited mintage or historical significance:

• 1921: The first year of issue, struck in high relief, giving the coin exceptional detail and depth. This version is especially prized due to its short production run and striking appearance.
• 1928 (Philadelphia Mint): The lowest mintage of the entire series, making it one of the most sought-after Peace Dollars.
• 1934-S and 1935-S: The last regular issues before the series was discontinued.
• 2021: In celebration of the Peace Dollar’s 100th anniversary, the U.S. Mint released a special commemorative issue, bringing new attention to the design and its legacy.

Why the Peace Silver Dollar Endures

The Peace Dollar holds a special place in American numismatic history. It wasn’t just a new coin—it was a national statement. Designed at a time when the world was recovering from immense loss, it conveyed a collective yearning for stability and peace.

Collectors value the Peace Dollar not just for its artistry and rarity, but for what it represents: a nation’s commitment to peace, strength, and renewal.

Whether you’re new to coin collecting or simply fascinated by American history, the Peace Silver Dollar is a powerful reminder of the stories coins can tell.