The silver Peace Dollar is one of the most popular silver coins ever produced by the U.S. Mint. These coins feature a beautifully detailed design of historical importance. Because these coins were only minted for a few years and were produced in limited quantities, they are highly sought after by coin collectors and enthusiasts.
Peace Dollar silver coins are quickly approaching 100 years of age. Due to their age, many Peace Dollars for sale on the open market may show age related distress. This comes as no surprise, however, as these coins were produced for circulation. There are, however, silver Peace Dollars available in brilliant, uncirculated condition as well that are in mint-state condition.
The coin grading process is complete and extensive. The coin’s final grade, however, is determined by an expert coin grader or team of graders. Just like other coin types, the less damage the coin has, the more valuable that coin may be. By thoroughly inspecting both sides of the coin while looking for any imperfections, no matter how small, one may be able to determine how their coin might be graded.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: An uncirculated 1934 Peace Dollar coin will look brand new. Despite the coin’s age, the coin will appear as though it just rolled out of the Mint’s presses. The coin’s images, text and detail will appear to be freshly struck. The coin’s color and finish, however, may give an indication of its age. By using a magnifying glass to thoroughly inspect your coin, you can take a very close look at the coin’s details such as the olive branch to look for any signs of fading or wear.
Extremely Fine: Just one step below the brilliant uncirculated grade, an extremely fine 1934 Peace Dollar will have very minimal signs of wear and tear on the coin’s images, wording or texture. Some of the coin’s details or its edge may appear worn down. The entire coin, or parts of it, may feel smoother to the touch from years of exchange. Despite this, the coin is still very beautiful and is in close-to pristine condition.
Fine: A fine coin’s text and imagery is still in good condition and is easily discernible, however, the coin displays clear signs of wear. The coin’s images, text and edge may be slightly worn down or more smooth, and the coin’s overall appearance may look duller.
Good: Many years of exchange have taken a toll on the coin’s imagery or words, and they may be difficult to identify. A close inspection must be performed in order to determine the coin type, year or other identifying information. Even though these coins are not in pristine condition, they may still be extremely popular because of their limited mintage, design and historical value.
As stated above, the 1934 edition Peace Dollar is of limited mintage and may become more and more difficult to find as the years go by. Due to demand for these coins, the price of this coin regularly exceeds $40. If and when a coin in pristine condition goes up for auction, the price of that coin can exceed $50. Recent sales prices saw the price of this coin range from $44 to $50.
1934 Peace Dollar
| DATE | GOOD | FINE | EXTREMELY FINE | UNCIRCULATED |
|---|---|---|---|---|
| 1934 Peace Dollar | N/A | N/A | $45 | $50 |
| 1934 Peace Dollar (D) | N/A | N/A | $45 | $50 |
| 1934 Peace Dollar (S) | N/A | N/A | $175 | $500 |
| Source: Red Book | ||||