Worse than Cull Silver Dollar (Peace and/or Morgan)

In the tumultuous aftermath of World War I, America sought a symbol of hope and renewal. The Peace Dollar emerged as a powerful emblem, capturing the nation’s yearning for a brighter future. Designed by the talented Italian-American sculptor Anthony de Francisci, this iconic silver coin made its debut in 1921, marking a significant shift from its predecessor, the Morgan Dollar.

The story of the Peace Dollar is intertwined with the economic and social fabric of early 20th century America. As the country grappled with post-war challenges, the coin’s creation was spurred by the Pittman Act of 1918, which mandated the melting and recoining of millions of silver dollars. This legislative act, coupled with a grassroots movement led by numismatists, paved the way for a new dollar coin design that would commemorate the hard-won peace.

De Francisci’s design was chosen through a competition, beating out submissions from some of the era’s most renowned medallists. The young sculptor drew inspiration from his wife, Teresa, for the obverse portrait of Liberty. This modern interpretation of Lady Liberty, with her radiant crown reminiscent of the Statue of Liberty, symbolized a forward-looking America ready to embrace its role on the world stage.

The Peace Dollar’s journey was not without controversy. The initial design featured a broken sword on the reverse, intended to symbolize the end of war. However, public outcry interpreted this as a sign of defeat, leading to a hasty redesign. The final version showcased a majestic eagle perched on a rock, clutching an olive branch – a timeless symbol of peace.

Production of the Peace Dollar continued until 1928, resumed briefly in 1934 and 1935, and then ceased as America moved away from silver coinage. The coin’s relatively short mintage period, combined with its historical significance, has made it a prized possession among collectors and investors alike.

Today, even in less-than-perfect condition, these silver dollars serve as tangible links to a pivotal era in American history. They remind us of a time when the nation, emerging from the shadows of war, dared to dream of lasting peace and prosperity. Each coin, regardless of its grade, carries with it the weight of this profound historical narrative.

Design Features

The obverse of the Peace Dollar features a striking profile of Liberty, her hair flowing freely, adorned with a radiant crown. This youthful, vibrant portrayal was a departure from previous, more classical depictions, symbolizing America’s fresh outlook in the post-war era. The word “LIBERTY” is prominently displayed, while the motto “IN GOD WE TRUST” is split on either side of the neck. The year of minting is inscribed at the bottom, a timestamp of this coin’s place in history.

On the reverse, an American bald eagle stands proudly atop a mountain crag, clutching an olive branch in its talons. The eagle faces the rising sun, its rays stretching across the coin, symbolizing the dawn of a new era of peace. The words “PEACE” are inscribed directly above the eagle, leaving no doubt about the coin’s intended message. “UNITED STATES OF AMERICA” and “ONE DOLLAR” encircle the upper and lower edges respectively, while “E PLURIBUS UNUM” (Out of Many, One) is placed above the eagle, reinforcing the nation’s unity.

Product Highlights

• Metal Type: SILVER – No Hedge
• Purity: 0.9
• Weight: 0.773 oz
• Grade: Cull
• Manufacturer: United States Mint
• Mint Mark: Various
• Obverse: Profile of Liberty with a radiant crown
• Reverse: Bald eagle perched on a rock, clutching an olive branch

Investment Appeal

Despite their ‘cull’ grade, these Peace Dollars offer a unique investment opportunity. Their 90% silver content provides intrinsic value, while their historical significance adds numismatic appeal. As tangible pieces of American history, they offer diversification for investment portfolios beyond their metal content. The limited mintage period of the Peace Dollar, compared to its predecessor the Morgan Dollar, potentially enhances long-term value. For investors and collectors alike, these coins represent an accessible entry point into the world of numismatics, combining the allure of precious metals with the rich narrative of America’s interwar period. Even in well-worn condition, each Peace Dollar tells a story of resilience and hope, making them not just an investment in silver, but in a pivotal chapter of American heritage.