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Own a complete set of 14 coin sets of US Peace Dollars!
The United States Peace Silver Dollars were the last true silver coin series struck by the United States Mint in 99% pure silver. Originally intended as a high-relief one-year commemorative, the series lasted for a total of 15 years, with the final 14 versions carried in standard but equally beautiful relief.
History of the Peace Dollar
The history of the Peace Dollar dates back to the early twentieth century. The Pittman Act played a key role in the U.S. Mint's minting of the peace silver dollar. Following the passage of the Act, the U.S. Mint was required to mint millions of silver dollar coins. The Mint chose the Morgan Dollar design and began minting silver dollars using it in 1921.
Eventually, a lobbying group was formed to demand that the U.S. Mint mint a coin symbolizing the peace reached at the end of World War I. Although this lobby group was unsuccessful in getting Congress to act on the coin redesign through legislation, it did succeed in getting its message heard by the right people, and in December 1921, then-Treasury Secretary Andrew Mellon approved the Peace Dollar design. The Peace Dollar was minted between 1921-1928 and 1934-1935.
Peace Dollar Design
The Peace Dollar design is the work of Anthony de Francis. The Peace Dollar design was the result of a competition to design a coin that would symbolize peace after World War I. Originally announced as featuring a broken sword, the public quickly voiced their concerns as they saw it as a symbol of defeat. The broken sword was quickly removed from the coin's design.
The obverse of the Peace Dollar depicts the head and neck of Lady Liberty. She is in profile, with flowing hair and a radiant crown on her head. Only 34 years old at the time of the coin's design, de Francisci was the youngest possible competitor among the designers. He is said to have copied his wife Teresa de Francisci's Statue of Liberty. In addition to the head of Lady Liberty, the obverse of the coin is inscribed with the words "In God We Trust" and "LIBERTY" on the top edge. The year of minting is also inscribed.
On the reverse is the iconic bald eagle, holding an olive branch at rest. The bald eagle is seated high above the ground with the sun in the background. The bottom edge of the reverse is engraved with the word "PEACE". The top edge of the reverse is engraved with "UNITED STATES OF AMERICA", "E. PLURIBUS UNUM" and the phrase "ONE DOLLAR ". Antoine de Francis actually submitted two different designs for the reverse side of the coin. The main difference between the two designs is the iconic eagle. One eagle is breaking a sword, while the other is holding an olive branch. The more subdued looking olive branch design was chosen.
Popularity among collectors
For collectors, the Peace Dollar is popular not only because of its limited mintage, but also because of its historical significance and rustic beauty. Because the coin is a symbol of peace after World War I, collectors see it as a true piece of American history. The Peace Dollar is also important among collectors because it was the last dollar coin minted for circulation purposes to contain silver.
Another reason for the Peace Dollar's popularity among coin collectors is the coin's age. The earliest versions of this coin are nearly 100 years old, and many of them are still intact. Given their rich cultural history, design and silver content, it is not surprising that so many collectors would try to buy and hold these coins.
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