Owner Comments:
Mintage: 51,737,000
The "Peace Dollar" was first issued by the United States Mint in 1921. The coin commemorates the declaration of peace between the United States, Germany and Austria.
No special congressional authority was required for the change in design of the previous silver dollar - which had been unchanged since 1878 - since the law permits changing the design of any of our coins no more than once every 25 years.
The design of the "Peace Dollar" was selected by the Fine Arts Commission from models submitted by a number of prominent sculptors, and was the work of Anthony de Francisci.
On the obverse is a female head emblematic of Liberty, wearing a tiara of light rays, and the word "Liberty"; on the reverse is an eagle perched on a mountain top, holding in its talons an olive branch, witnessing the dawn of a new day; the word "Peace" also appears.
More than 190 million "Peace Dollars" were minted during the years 1921 through 1928, and in 1934 and 1935. All of these dollars contained 90 percent silver and 10 percent copper.
The last coinage of "Peace Dollars" took place in 1935.