The 1924-S Peace Dollar is a significant coin for collectors, known for its historical value and scarcity in high grades. Part of the Peace Dollar series designed by Anthony de Francisci, this coin commemorates the end of World War I with its theme of peace. Let’s dive into what makes the 1924-S Peace Dollar special.
Historical Background of the Peace Dollar
The Peace Dollar series began in 1921, replacing the older Morgan Dollar design. This shift was influenced by the Pittman Act of 1918, which required the U.S. to melt down millions of silver dollars and later re-mint them. In response to public demand for a fresh design, the Treasury introduced the Peace Dollar to symbolize the hope for peace after the war.
Production Details for the 1924-S Peace Dollar
In 1924, the San Francisco Mint struck 1,728,000 Peace Dollars, marking a sharp drop in production compared to previous years. As a result, this year’s “S” mintmark Peace Dollar became a semi-key date, making it valuable to collectors—especially in higher, uncirculated grades.
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Rarity and Value of the 1924-S Peace Dollar
While it’s not impossible to find a 1924-S Peace Dollar, finding one in high quality can be challenging. Coins in Mint State grades, particularly MS65 and above, are scarce and sought after. For example, a Mint State 66 (MS66) coin is considered extremely rare, making it valuable for collectors willing to pay a premium for the best-preserved examples.
Some notable high-quality 1924-S Peace Dollars include those from famous collections like the Redfield Hoard. Coins from this collection have consistently attracted high prices, often in the thousands of dollars.
Unique Features of the 1924-S Peace Dollar Design
- Obverse (Front): The front side shows Lady Liberty with a crown of rays, similar to the Statue of Liberty. The year “1924” and the phrase “IN GOD WE TRUST” are also featured.
- Reverse (Back): An American bald eagle stands on a rock, clutching an olive branch as a symbol of peace. The sun rises in the background, representing the dawn of peace, with “PEACE” inscribed below.
- Edge: Like other Peace Dollars, the edge of the coin has a reeded, or grooved, design.
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Specifications
- Country: United States
- Mint: San Francisco (marked with an “S”)
- Alloy: 90% silver, 10% copper
- Weight: 26.73 grams
- Diameter: 38.1 mm
Why Collect the 1924-S Peace Dollar?
Collectors are drawn to the 1924-S Peace Dollar for its historical importance, scarcity in high grades, and unique design. As time passes, finding well-preserved examples will only become harder, adding to its desirability and potential value.
For anyone interested in American coin history or seeking valuable collectibles, the 1924-S Peace Dollar remains a fascinating piece worth exploring.