Peace silver dollars are a rare and exquisite series of coins minted over a brief period from 1921 to 1935, with the exception of 1922. Their production was particularly limited during the 1930s, making them highly sought after by collectors. This series includes 24 different minting dates and three possible mint marks, with a total mintage of 190,577,279 coins.
These coins were created to commemorate peace following World War I but were discontinued in 1935, just before the onset of World War II. The value of a 1935 silver dollar today varies significantly based on its mint origin, condition, and aesthetic appeal.
Table of Contents
- Value Chart of 1935 Peace Silver Dollar
- Historical Significance of the 1935 Peace Silver Dollar
- Types of 1935 Peace silver dollar
- Design of the 1935 Peace Silver Dollar
- Grading Guide for 1935 Peace silver dollar
- 1935 Peace Silver Dollar Value Guides
- Rare 1935 Peace Silver Dollar Error List
- 1935 Peace Silver Dollar Four rays Error
- 1935 Peace Silver Dollar Doubled Die Reverse Error
- 1935 Peace Silver Dollar Planchet flaws
- 1935 Peace Silver Dollar Lamination Error
- 1935 Peace Silver Dollar Clipped Planchet Error
- 1935 Peace Silver Dollar Off-center Strike Error
- 1935 Peace Silver Dollar Broad Strike Error
- 1935 Peace Silver Dollar Die Cracks Error
- Where to Sell Your 1935 Peace Silver dollar?
- What to look for in the 1935 Peace Silver dollar?
- Which 1935 Silver Dollar is worth a lot of money?
- How much is the 1935 Peace Silver Dollar without the mint mark worth?
- What is the priciest Peace Silver Dollar in the series?
- FAQs on 1935 Peace Silver Dollar Value
- Final Thoughts
Value Chart of 1935 Peace Silver Dollar
| Condition | 1935 Silver Dollar | 1935 S Silver Dollar |
|---|---|---|
| Good | $31 | $34 |
| Very good | $34 | $36 |
| Fine | $35 | $38 |
| Very fine | $42 | $44 |
| Extra fine | $52 | $65 |
| AU | $64 | $130 |
| MS 60 | $135 | $325 |
| MS 65 | $900 | $1,800 |
Historical Significance of the 1935 Peace Silver Dollar
The 1935 Peace Silver Dollar is a beautiful coin containing 0.77 troy ounces (24.5 grams) of silver, minted from 1921 to 1935. These were the first silver coins produced after the Morgan dollar series ended in 1904.
Following the Pittman Act of 1918, millions of silver coins were melted down, with most sold as bullion and some used for new coin production. The US Mint initially attempted to continue the Morgan dollar series but ultimately decided on a new design, leading to the creation of the Peace dollar.
Interestingly, Morgan dollars were still being minted in 1921 until the Peace dollars took over in December. The Peace dollar’s history is marked by interruptions, including a halt in production from 1928 to 1934 during the Great Depression.
The Peace dollar set, which includes all date and mint combinations, consists of 24 coins, making it more manageable to collect compared to the Morgan dollar set, which has 95 coins.
This series had the shortest minting period of any American coin, symbolizing the hope for lasting peace after WWI—a hope that was unfortunately short-lived as WWII began two decades later.
Types of 1935 Peace silver dollar
| Location | Year | Minted |
|---|---|---|
| Philadelphia | 1935 silver dollar | 1,576,000 |
| San Francisco | 1935 S silver dollar | 1,964,000 |
| Total | NA | 3,540,000 |
Design of the 1935 Peace Silver Dollar
Anthony de Francisci designed the Peace dollar series, which features intricate details and the unique inscription “PEACE” on the reverse, celebrating the end of WWI and the hope for a peaceful future.
Obverse Design of 1935 Peace Silver Dollar
The obverse of the 1935 Peace silver dollar is considered one of the most beautiful designs in American coinage. It depicts Lady Liberty wearing a cap adorned with a crown of sun rays. The word “LIBERTY” stretches along the top half of the rim, while “IN GOD WE TRVST” is inscribed on either side of her neck.
The initials “AF” for Anthony de Francisci and the date “1935” are located below the bust. The use of “TRVST” with a “V” instead of a “U” symbolizes victory, commemorating the end of the war.
Reverse Design of 1935 Peace Silver Dollar
The reverse of the 1935 Peace dollar features a unique design compared to standard American coinage. It showcases an eagle perched on a rock with a twig, symbolizing peace. The sun rises from the bottom right, illuminating the inscriptions “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” above the eagle.
The denomination “ONE DOLLAR” is split on either side of the eagle, and the word “PEACE” is prominently displayed at the bottom. The “S” mint mark, if present, is located to the left of the eagle’s tail.
Technical Specifications of 1935 Peace silver dollar
| Specification | Detail |
|---|---|
| Face value | One dollar ($1) |
| Shape | Round |
| Edge | Reeded |
| Compound | 90% silver (the rest is copper) |
| Coin Thickness | 0.09449 inches (2.4 mm) |
| Coin Weight | 0.8594 troy ounces (26.73 g) |
| Silver Weight | 0.77344 troy ounces (24.5 g) |
| Coin Diameter | 1.5 inches (38.11 mm) |
Grading Guide for 1935 Peace silver dollar
Professional grading is essential to accurately determine the value of a 1935 Peace silver dollar. These coins are not only collectibles but also investments, and buyers seek precise evaluations of their condition and authenticity.
While you can estimate your coin’s value using the Sheldon scale, professional grading is recommended for high-value pieces that can fetch thousands of dollars at auctions. Certified grading provides collectors with assurance regarding the coin’s condition, flaws, and market value.
| Sheldon Scale | Grade |
|---|---|
| 1 | Basal State-1 |
| 2 | Fair |
| 3 | Very Fair |
| 4, 5, 6 | Good |
| 7, 8, 10 | Very Good |
| 12, 15 | Fine |
| 20, 30 | Very Fine |
| 40 | Extremely Fine |
| 50 | About Uncirculated |
| 60 | Mint State |
| 65 | Mint State |
| 70 | Mint State |
For more detailed information on grading, refer to our comprehensive grading guide for Peace Silver Dollar to accurately assess your coin’s value.
1935 Peace Silver Dollar Value Guides
In 1935, the Peace silver dollar was minted by two facilities: Philadelphia and San Francisco. The total mintage for that year was 3,540,000 coins, with San Francisco producing a slightly higher number than Philadelphia. Notably, this series did not include proof coins, except for the 1921 set.
1935 Peace silver dollar Value
Philadelphia minted 1,576,000 Peace silver dollars in 1935, all without a mint mark, adhering to the regulations of that era. Despite their age, these coins are still available in the market.
- Circulated Condition: $24 to $62
- MS 65 Grade: Up to $900
- MS 66 Grade: Approximately $3,000
- MS 67 Grade: Estimated at $34,000
- Auction Record: $63,000 (February 25, 2021)
1935 S Peace silver dollar Value
The San Francisco mint produced 1,964,000 Peace silver dollars in 1935, making them more prevalent in the market.
- Circulated Condition: $24 to $110
- MS 60 to MS 64 Grades: Up to $1,000
- MS 65 Grade: Around $1,800
- MS 66 Grade: Estimated at $4,500
- MS 67 Grade: Estimated at $70,000
- Auction Record: $39,656 (2013 for an MS 65 coin)
Rare 1935 Peace Silver Dollar Error List
Creating a flawless set of coins is nearly impossible due to various factors like human error, technological limitations, and equipment wear. The 1935 Peace dollars feature several notable errors that can increase their value.
1935 Peace Silver Dollar Four rays Error
This variety features four rays between the eagle’s tail and the word “ONE” instead of the usual three. One such coin in MS 63 grade sold for $408 in 2023.
1935 Peace Silver Dollar Doubled Die Reverse Error
Coins with this error have duplicated design details due to a flaw on the die surface. An MS 66 grade coin with this error fetched $4,200 in 2016.
1935 Peace Silver Dollar Planchet flaws
These errors occur due to poor annealing or incorrect metal composition, resulting in pits, cracks, lumps, or holes on the coin’s surface.
1935 Peace Silver Dollar Lamination Error
This error involves peeling lamination due to metal impurities, leading to cracks or flakes on the coin’s surface. Such coins can cost between $800 and $1,800.
1935 Peace Silver Dollar Clipped Planchet Error
This error results from an incorrect cut during manufacturing, leaving the coin with a curved or straight cut. These coins can fetch several hundred dollars.
1935 Peace Silver Dollar Off-center Strike Error
This error occurs when the die strikes the coin off-center. The value depends on the degree of the off-center strike, with 50% off-center coins being the most valued.
1935 Peace Silver Dollar Broad Strike Error
This error happens when the retaining collars are missing or broken, causing the coin to spread and have a larger diameter. These coins can be worth at least $1,000.
1935 Peace Silver Dollar Die Cracks Error
These linear cracks appear on the coin’s surface due to damaged dies. While they can diminish the coin’s visual appeal, some collectors find them historically interesting.
Where to Sell Your 1935 Peace Silver dollar?
Knowing the value of your coins is one thing, but knowing where to sell them is another. Here are some recommended online platforms:
- eBay: Widely used but be mindful of fees.
- Heritage Auctions: Great for high-value coins.
- Stack’s Bowers: Another reputable auction house.
- Local Coin Shops: Convenient but may offer lower prices.
What to look for in the 1935 Peace Silver dollar?
When evaluating a 1935 Peace Silver Dollar, several key factors can significantly influence its value and desirability:
Condition and Grade
The coin’s condition is paramount. Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation. Look for coins with minimal wear and clear details. Uncirculated coins (MS 60 and above) are particularly valuable.
Mint Marks
Check for the presence of a mint mark. Philadelphia-minted coins lack a mint mark, while San Francisco-minted coins bear an “S”. The mint mark can affect the coin’s rarity and value.
Errors and Varieties
Errors and varieties can make a coin more valuable. Look for:
- Four Rays Error: Extra ray between the eagle’s tail and the word “ONE”.
- Doubled Die Reverse: Duplicated design elements on the reverse.
- Planchet Flaws: Imperfections like pits, cracks, or holes.
- Lamination: Peeling or flaking on the coin’s surface.
- Clipped Planchet: Missing pieces due to incorrect cutting.
- Off-Center Strike: Misaligned strike causing off-center designs.
- Broad Strike: Larger diameter due to missing retaining collars.
- Die Cracks: Linear cracks from damaged dies.
Historical Significance
Consider the historical context of the coin. The 1935 Peace Silver Dollar marks the end of the Peace Dollar series, adding to its historical and collectible value.
Which 1935 Silver Dollar is worth a lot of money?
- 1935 MS 67: $63,000 (Heritage Auctions, 2021)
- 1935 S MS 65: $39,656 (Heritage Auctions, 2013)
- 1935 S MS 66 Doubled Reverse: $4,200 (David Lawrence RC, 2016)
- 1935 S MS 64 Three Rays: $1,000 (eBay, 2022)
- 1935 S MS 63 Four Rays: $408 (Stack’s Bowers, 2023)
How much is the 1935 Peace Silver Dollar without the mint mark worth?
- GOOD Condition: $24 to $34
- AU Condition: $60 to $100
- MS 60 Grade: Starting at $120
- MS 67 Grade: $24,000 to $50,000
What is the priciest Peace Silver Dollar in the series?
- 1922 PR 67 (high relief, matte finish): $458,250 (2014)
- 1922 PR 65 (low relief, matte finish): $192,000 (2023)
- 1921 PR 67 (satin finish): $150,000 (2023)
- 1922 PR 67 (modified high relief): $381,875 (2014)
- 1927 D MS 66+: $176,250 (2019)
- 1921 MS 67: $132,000 (2018)
- 1925 S MS 65+: $132,000 (2022)
FAQs on 1935 Peace Silver Dollar Value
What makes a 1935 silver dollar rare?
The rarity of a 1935 silver dollar depends on its condition and grade. High-grade coins (MS 67) are particularly scarce and valuable.
Final Thoughts
The 1935 Peace Silver Dollar is a fascinating piece of numismatic history, offering collectors a blend of historical significance, rarity, and potential for value appreciation. Whether you are a seasoned collector or a novice, understanding the nuances of these coins can enhance your collection and investment. Always ensure to verify the coin’s authenticity and condition through reputable sources or professional grading services.