The Peace dollar, minted from 1921 to 1935 (with a brief revival in 1965), is a highly sought-after collectible coin. Its iconic design, featuring a majestic bald eagle on the reverse, captures the spirit of post-World War I peace. However, assembling a complete set presents unique challenges due to variations in mint marks and the differing rarity of certain years. This guide will help you navigate the complexities of building your own complete set of Peace dollars.
What Makes a Peace Dollar Set "Complete"?
A complete set of Peace dollars typically encompasses coins from each year of minting (1921-1935 and 1965), with each year represented by coins bearing all three mint marks: Philadelphia (no mint mark), Denver (D), and San Francisco (S). This equates to a total of 93 coins. However, some collectors might also strive for different grades or conditions within each year and mint mark, further increasing the complexity and cost.
Understanding the Rarity and Value of Peace Dollars
Not all Peace dollars are created equal. Certain years and mint marks are significantly rarer than others, commanding higher prices in the collector's market. For example, the 1921 and 1934 Peace dollars are generally considered among the most valuable and difficult to find in high grades, especially those minted in San Francisco. The 1935-S Peace dollar is also highly prized for its low mintage. Understanding this rarity will inform your collecting strategy.
How Much Does a Complete Set of Peace Dollars Cost?
The cost of a complete set of Peace dollars is highly variable and depends greatly on the grade and condition of each coin. A set comprising circulated (worn) coins will be significantly cheaper than a set of uncirculated (mint state) coins. A complete set in high grades could easily reach tens of thousands of dollars, while a set of circulated coins would be more attainable for many collectors.
What is the rarest Peace Dollar?
The 1934-S Peace dollar is often cited as one of the rarest and most valuable Peace dollars. Its low mintage and high demand contribute to its significant value. The 1921 Peace dollar is another strong contender for the title of rarest, particularly in high grades.
What are Peace Dollars made of?
Peace dollars were originally minted from 90% silver, a significant factor in their desirability among collectors. The 1965 issue, however, was struck in 40% silver.
How many Peace Dollars were made?
The total number of Peace dollars minted varies significantly from year to year and mint mark. Consult a reputable numismatic resource for precise mintage figures for each year and mint mark.
Where can I find Peace Dollars to complete my set?
Several avenues exist for acquiring Peace dollars. Coin dealers, online auctions (like eBay), and coin shows offer opportunities to find individual coins to add to your collection. However, caution is advised; always verify the authenticity of any coin before purchasing. Reputable dealers provide certificates of authenticity.
Building Your Collection Strategically
Building a complete set requires a patient and informed approach. Start by focusing on common years and mint marks to establish a solid foundation. Gradually work towards the rarer pieces, always prioritizing authenticity and condition. Consider joining a numismatic society to connect with fellow collectors and access valuable resources. Remember that building a collection is a journey, not a race. Enjoy the process of discovering and adding to your treasure trove of American history.
