The 1921 Peace Dollar holds a special place in numismatic history as the inaugural year of issue for this iconic coin. Here's a collector's guide to understanding its significance, value, and other pertinent details:
– The Peace Dollar was introduced to commemorate the end of World War I and to symbolize peace. – Designed by renowned sculptor Anthony de Francisci, it features the profile of Lady Liberty on the obverse and an eagle perched on a rock on the reverse.
The 1921 Peace Dollar was struck in high relief, which caused production issues and led to a redesign for subsequent years.
Obverse: Lady Liberty facing left, wearing a radiant crown with the word "LIBERTY" inscribed on the headband. The date "1921" is below Liberty's neck.
Reverse: An eagle standing on a rocky outcrop, clutching an olive branch, with the word "PEACE" inscribed below.
– The 1921 Peace Dollar has a relatively high mintage compared to later years, with over a million coins struck. – Despite the high mintage, finding a well-preserved specimen can be challenging due to circulation and mishandling over the years.
– In circulated condition, these coins can typically be acquired for their silver content value. – Uncirculated specimens or those in higher grades can command premiums, especially if they have been well-preserved and exhibit minimal signs of wear.
– Grading is crucial for determining the value of a Peace Dollar. Professional grading services such as PCGS or NGC can provide an unbiased assessment of a coin's condition. – Grades range from Poor (PO-1) to Mint State (MS-70), with various designations for coins with wear (e.g., About Uncirculated - AU) or those with mint luster intact (e.g., Mint State - MS).
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