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1922 $1 Peace Dollar

4.8 out of 5 stars213 product ratings

About this product

Product Information

Q. David Bowers
The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).

Coinage Context

Record mintage: Beginning in 1922, Peace dollars were coined in fantastic quantities. At the Philadelphia Mint that year over 51 million were produced, an all-time record for a United States silver dollar. From this time onward, Peace dollars began to pile up in Mint vaults and other Treasury facilities.

Numismatic Information

Hoard coins: Mint-sealed bags of 1,000 Mint State 1922 Peace dollars seem to have been released over a long period of time, with the result that this date has never been rare. Often, Eastern dealers searching for rare dates would find to their annoyance that shipments to their banks from the Federal Reserve would consist of $1,000 bags of this date.

Particularly large quantities were released through banks in 1949 and 1950, but there was little call for them by numismatists. Bags were still readily available in 1953 and 1954, and wholesaled for about $75 to $125 above face value, if and when buyers could be found. Most often, such bags remained in bank vaults unwanted. Bags remained available through the rest of the decade and were still being distributed by the Treasury as late as March 1964.

In later years, bags traded frequently. In 1982, Wayne Miller wrote that in one recent year he and his partner sold 40 bags (40,000 coins).

Circulated grades: In worn grades of VF-20 and higher, 1922 Peace dollars are exceedingly common and are considered to be the most plentiful issue of the entire series.

Mint State grades: In Mint State the 1922 is exceedingly common in all grades MS-60, MS-61, etc., through MS-65 and even beyond.
Whether it is absolutely the most common Peace dollar in grades MS-60 through 63 will probably never be known. Most rarity information in print for Uncirculated Peace dollars is based upon population data of the certification services. However, such Peace dollar dates as 1922, 1923, 1924, and 1925 are so inexpensive in lower grades such as MS-60 through 63,that only a tiny fraction have ever been slabbed, as certification costs too much in proportion to the value of the coins. Certainly, in MS-63 either the 1922 or the 1923 is the most plentiful. The distinction is moot, for vast quantities exist of each.

In MS-64 grade, the 1922 is common, but not as common as 1923 (the most common) and 1925; ditto for MS-65 grade. These three dates plus 1924 represent an excellent way to start a set of Peace dollars.

Most higher grade Mint State 1922 dollars, MS-63 or better, encountered in slabs are attractive and lustrous. Many if not most 1922 Peace dollars are bagmarked, sometimes extensively - the result of having been moved around in storage many times. Wayne Miller wrote that one Mint State bag he examined carefully did not contain a single gem coin!

The detail on this and other, later Peace dollars is often unsatisfactory due to the low relief of the design and dies.

Some Peace dollars of this era have white spots on them, resembling dried milk. I am not aware of any way to satisfactorily remove these. Wayne Miller says this:

The most plausible explanation for these blotches is that the planchets were improperly washed and dried after they had emerged from the annealing ovens and subsequent acid bath. Also, an increase in the concentration of sulphuric acid and water solution used during this cleaning and polishing operation could have lightly etched the surface of the planchet in some places.

Something to look for: Some specimens exist with the reverse rotated 100° counterclockwise from the normal orientation.

Varieties

Circulation strikes:

1. Low Relief Breen-5714

Product Identifiers

Designer
Anthony DE Francisci
eBay Product ID (ePID)
170415672

Product Key Features

Strike Type
Business
Mint Location
Philadelphia, Pennsylvania, Philadelphia
Composition
90% Silver, 10% Copper
Year
1922

Dimensions

Weight
26.73g

Additional Product Features

Mintage
51737
EDGE
Reeded
Mint
Philadelphia
Denomination
$1
PCGS Number
7357
Diameter
38.1mm
Mint Mark
P

All listings for this product

item 1 1922 $1 Peace Dollar
$32.00
Free shipping
item 2 1922 $1 Peace Dollar Lot B
$29.99
+$4.00 shipping
item 3 1922 $1 Peace Dollar
$35.00
Free shipping
item 4 1922 $1 Peace Dollar
$35.00
Free shipping
item 5 1922 $1 Peace Dollar (Inv 111)
$35.00
Free shipping
item 6 1922 Peace Dollar 90% Silver (Comes In Protector Shown)
$35.00
Free shipping
item 7 1922 $1 Peace Dollar Lot N
$31.99
+$4.00 shipping

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4.8

4.8 out of 5 stars based on 213 product ratings

213 product ratings

183 users rated this 5 out of 5 stars
22 users rated this 4 out of 5 stars
7 users rated this 3 out of 5 stars
1 users rated this 2 out of 5 stars
0 users rated this 1 out of 5 stars

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Most relevant reviews

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5 out of 5 stars
by fbur3749May 24, 2017
Top favorable review
An affordable way to collect a piece of US History in better than average condition.
Technically the 1922 Peace dollar is the second year of release for the Peace dollar as the Philadelphia mint struck a little over a million Peace dollars for circulation in 1921. In 1922 the 3 US mints combined to strike over 80 million Peace dollars and although many may have been melted since then many have survived and can usually be purchased at a reasonable cost even in uncirculated condition. The one I recently purchased is going to the mother of a friend who will be 95 this year. Another recent purchase went to a friends father in law as a gift for his 95th birthday that he celebrated a month ago.
Verified purchase: Yes
3 out of 5 stars
by tedj_us2014Dec 12, 2015
Top critical review
1922 Peace Dollar
This is a common coin with the highest mintage in the Peace Dollar series. If a collector wants to start out with Peace Dollars you could start out with the common dates in BU which you can purchase at a reasonable price. Make sure they have luster and not that grayish look to them in BU,other wise you may be buying something that is AU.
Verified purchase: Yes
5 out of 5 stars
by 830sctxJun 02, 2016
coin
If you want a round coin made of 90% silver then this is it. It even has a picture of a pretty lady on the front and an eagle on the back. If you have never seen an eagle or a pretty lady you really need to buy one of these coins. Or you can buy a Morgan silver dollar and see a different pretty lady and an eagle. But please don't buy any yet because it might make the price go up and I want to buy two more. Thank you. Does anyone detect sarcasm in this review?
Verified purchase: Yes
5 out of 5 stars
by bcoinmanJan 25, 2018
1922 Peace Dollar Ms64
Absolutely gorgeous type coin, booming blast white cartwheel luster, love the coin and price !
Verified purchase: Yes
5 out of 5 stars
by ev_483Jun 02, 2020
Didn't go wrong on this one!
Very nice for the money. I could only wish all my purchases were of this quality I would by again.
Verified purchase: Yes

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1922 $1 Peace Dollar

About this product

Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 1922 $1 Peace Dollar

item 2 1922 $1 Peace Dollar Lot B

item 3 1922 $1 Peace Dollar

item 4 1922 $1 Peace Dollar

item 5 1922 $1 Peace Dollar (Inv 111)

item 6 1922 Peace Dollar 90% Silver (Comes In Protector Shown)

item 7 1922 $1 Peace Dollar Lot N

Ratings and Reviews

Most relevant reviews

An affordable way to collect a piece of US History in better than average condition.

1922 Peace Dollar

coin

1922 Peace Dollar Ms64

Didn't go wrong on this one!

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