Peace $1 Certified MS66 (Dates/Types Vary)
| The Peace Dollar was introduced to commemorate America's triumph in World War I and address America’s shortage of silver dollars. During the war, Germany spread false claims that Britain lacked sufficient silver reserves to support its currency. This propaganda, combined with heavy hoarding, drove up silver prices and weakened Britain's war efforts. To aid Britain, the U.S. sold large quantities of silver, resulting in the melting down of over 250 million coins, including many Morgan Dollars. After the war, the U.S. Treasury authorized the production of new coins using silver from American mines. The process began with the Morgan Dollar in 1921, but soon the Philadelphia Mint transitioned to the Peace Dollar — a coin proposed by the American Numismatic Association and approved by Congress. The design of the Peace Dollar was selected through a competition, with the relatively unknown artist Anthony de Francisci triumphing over renowned figures like Adolph Weinman. The obverse of the Peace Dollar depicts a youthful and radiant Liberty with flowing hair, symbolizing a new era of enlightenment. The design includes the inscriptions "LIBERTY," "IN GOD WE TRUST," and the year of minting. Initially, some collectors criticized Liberty's appearance, claiming it resembled a modern "flapper" more than classical imagery, but her depiction has gained appreciation over time. The reverse side features a bald eagle perched on a rock, holding an olive branch, with sun rays in the background. It is inscribed with "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," "ONE DOLLAR," and "PEACE." Minted during the brief periods of 1921-1928 and 1934-1935, the Peace Dollar has one of the shortest production runs in U.S. coin history. It is the last silver dollar minted before the cessation of silver coinage in 1965. Weighing 26.73 grams and composed of 90% silver and 10% copper, giving it a net silver content of 0.77344 troy ounces, the Peace Dollar measures 38.1 mm in diameter and features a reeded edge. This MS66 coin is a treasured piece of American history and a prized acquisition for silver dollar collectors. |
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