Dollars
Peace dollar value: the number struck and the silver inside
Type the date and choose the mint letter. The tool returns the Mint’s production figure for that year and mint and prices the silver at the moment you look.
Peace dollar: mintage at each mint
Metal value of one 1928 coin
$41.76
| Struck at this mint | 360,649 |
| Mintage band | Very low mintage (under 1 million) |
| Metal | 90% silver dollar |
| Mint mark on the coin | none |
Pieces made in the calendar year; for most years this is also the date on the coin. At silver $53.94 per troy oz (last price read).
The Peace dollar replaced the Morgan dollar at the end of 1921 and was struck until 1928, then again in 1934 and 1935, always in 90% silver. Every coin weighs 26.73 grams and holds 0.7735 troy ounce of pure silver, worth about $41.76 at $53.94 an ounce, the price read on October 27, 2026. Three mints struck it: Philadelphia with no letter, Denver with a D and San Francisco with an S. Production was heavy at the start and fell sharply after 1925. The Bureau of the Mint tables count 51,737,000 dollars at Philadelphia in 1922 but only 360,649 there in 1928, the lowest figure of the series. Coins dated 1921 are a special case: the Philadelphia figure for that year mixes them with the last Morgans. The tool above reads any date and mint; this page gives no collector price, because no free official source publishes one.
Silver in Morgan and Peace dollars
Melt value of 1 coin
$41.76
| One coin | $41.76 |
| Face value | $1 |
| Pure silver | 0.773 troy oz |
At silver $53.94 per troy oz (last price read).
Mintages, metals and prices read by Radif Partners · Editorial policy · Method
Number struck, year by year
| Year | Philadelphia | Denver | San Francisco |
|---|---|---|---|
| 1922 | 51,737,000 | 15,063,000 | 17,475,000 |
| 1923 | 30,800,000 | 6,811,000 | 19,020,000 |
| 1924 | 11,811,000 | – | 1,728,000 |
| 1925 | 10,198,000 | – | 1,610,000 |
| 1926 | 1,939,000 | 2,348,700 | 6,980,000 |
| 1927 | 848,000 | 1,268,900 | 866,000 |
| 1928 | 360,649 | – | 1,632,000 |
| 1934 | 954,057 | 1,569,500 | 1,011,000 |
| 1935 | 1,576,000 | – | 1,964,000 |
The rows show how quickly orders fell. Philadelphia, Denver and San Francisco together struck 84,275,000 silver dollars in 1922, against 1,992,649 in 1928. Denver struck none in 1924, 1925 and 1928, and none in 1935.
The scarce dates
The lowest figures of the series in the Mint tables are 1928 (360,649), 1927 (848,000), 1927-S (866,000), 1934 (954,057), 1934-S (1,011,000). None of them is rare in the sense of a few hundred coins: they are hundreds of thousands to a little over a million pieces. Their interest to collectors comes from how few survive in fine condition, which the tables cannot tell. For a worn coin of a common date, such as 1922 or 1923, the value is close to the silver.
The Morgan dollar page gives the same figures for the earlier design, which includes several issues smaller than any Peace dollar.
The silver in a Peace dollar
The Peace dollar kept the weight and fineness of the Morgan: 26.73 grams, 90% silver, 10% copper. The tool below counts the silver in any number of them at the price of the moment. A dollar of face value in Peace dollars holds more silver than a dollar in dimes, quarters or halves of the same era, so the junk silver rule of 0.7234 ounce per dollar does not apply to them.
Silver in Morgan and Peace dollars
Melt value of 1 coin
$41.76
| One coin | $41.76 |
| Face value | $1 |
| Pure silver | 0.773 troy oz |
At silver $53.94 per troy oz (last price read).
Silver prices change through the day. The figure in the tools comes from a public price service read by your browser, with the last price read on October 27, 2026 if that fails.
Checking a Peace dollar in hand
Start with the date on the front, below Liberty’s neck, then turn the coin over and look for the letter near the eagle’s wing tip. Type both into the tool at the top of the page. Then put the coin on a scale: a genuine piece weighs close to 26.73 grams, and a copy is usually lighter or attracted by a magnet. Leave any dark toning alone, since cleaning a silver dollar lowers what a collector will pay far more than it improves its look. If the date is one of the low issues listed above and the design still shows sharp feathers on the eagle, the grading guide explains what to look at next.
After the Peace dollar
No dollar coin was struck for circulation from 1936 until the Eisenhower dollar of 1971, which was copper-nickel for circulation; the Mint’s history of circulating coins traces the designs that followed, through the small Susan B. Anthony dollar of 1979 to the golden dollar of 2000. None of those circulating dollars contains silver. The Peace dollar was the last 90% silver dollar made for circulation in the United States, and the date and mint letter on yours are the two facts that decide whether it is worth more than its metal.