The Peace Dollar
Created as a result of the Pittman Act requiring that tons of silver be minted into silver dollars, the Peace dollar was a previously unexpected champion of the renaissance movement of US coin reform. It is easily one of America’s most beloved coins. This beautiful design was chosen as the winner of a nationwide competition seeking to espouse the ideal of peace shortly after the end of World War I. These uncirculated coins show off the beautiful design very well.
The 90% Silver Peace Dollar and the Pittman Act of 1918
The United States Peace Dollar was spurred into action by legislation introduced by Senator Key Pittman from the state of Nevada. This federal law mandated that the United States Mint begin coining millions of new Silver Dollars, which they fulfilled. The law also mandated a set rate for the purchase of raw bullion materials and was viewed as a subsidy to the mining companies due to the set rate from the Federal Government. The Pittman Act was introduced to preserve the economics of the time during World War I, and to retain the purchasing power of the United States Gold stockpile.
Peace Dollar Design
The Peace Dollar coin was designed by famous Italian-American sculptor Anthony de Francisci during the year of 1921. The obverse of the coin is a beautiful depiction of the head and neck of Lady Liberty as the figure of a Goddess with a tiara of rays placed upon the crown of her head. On the reverse of the Peace Dollar you will find a majestic American eagle with wings tucked by its side as it stands on a mound facing the rising sun. This coin was minted at the Philadelphia Mint, as well both the San Francisco Mint in California, and the Denver Mint facility in Colorado. The corresponding mint mark can be found located directly to the left of the Eagle’s tail feathers on the reverse side of the coin. Each coin is manufactured from an alloy consisting of 90% silver and 10% copper. This large Peace Dollar is a commanding 38.1 millimeters in size with a weight of 26.73 grams, or approximately .77344 ounces of pure silver contained in each piece.
|Year of Issue:||1922-1935|
|Weight in Grams:||24.055 g|
|Weight in Ounces:||0.7734 oz|
|Legal Tender:||United States|
|Obverse Design:||Lady Liberty With Radiating Crown|
|Reverse Design:||Bald Eagle on Olive Branch|
|Reverse Designer/Engraver:||Anthony de Francisci|
|Obverse Designer/Engraver:||Anthony de Francisci|