The 1921 Peace Dollar is an important coin that marks the end of World War I. Designed by sculptor Anthony de Francisci, it was produced for a short time and remains a favorite among collectors. This article will explain its history, design, value, and why it’s so special.
History of the 1921 Peace Dollar
After the end of World War I on November 11, 1918, many people wanted a coin to celebrate the victory and the hope for peace. Numismatist Frank Duffield suggested creating a “victory coin.” In May 1921, Congressman Albert Henry Vestal helped pass a law to produce the Peace Dollar.
The design by de Francisci was chosen on December 19, 1921, but the Mint had little time to prepare. Changes were made to the design, including adding the word “PEACE” and a broken sword, which some people thought represented defeat. The Mint faced many challenges in striking these coins.
Design of the Peace Dollar
The Peace Dollar features a beautiful design that represents liberty and peace.
| Feature | Description |
|---|---|
| Obverse | Shows a left-facing bust of Miss Liberty, wearing a tiara with rays. The words “LIBERTY” and “IN GOD WE TRUST” are inscribed. |
| Reverse | Depicts a bald eagle perched on a rock, holding an olive branch. The word “PEACE” is also featured. |
| Edge | The edge is reeded, giving it a textured feel. |
| Designer | Anthony de Francisci, who used his wife as a model for Miss Liberty. |
Significance of the Design
The name “Peace Dollar” comes from the desire to commemorate the hope for lasting peace after World War I. The eagle and olive branch symbolize peace, while the design itself was intended to celebrate freedom and unity.
Collecting the 1921 Peace Dollar
Collectors highly value the 1921 Peace Dollar because it is the first year of the series and has a unique high relief design. Here’s a summary of its value:
| Condition | Estimated Value |
|---|---|
| Average Circulated | $150 |
| Uncirculated (MS63) | $1,000 |
| Top Quality | Up to $100,000 |
The coin was first released into circulation on January 3, 1922, and was received with mixed reviews. Over time, however, it has gained popularity among numismatists.
How to Buy a 1921 Peace Dollar
When purchasing a 1921 Peace Dollar, it’s important to choose a coin that is certified by respected grading services like CAC, NGC, or PCGS. Always avoid coins that appear cleaned or damaged, as these can significantly lower value.
Conclusion
The 1921 Peace Dollar is not just a coin; it is a piece of history that reflects the hopes of a nation after a great war. Its unique design and limited mintage make it a sought-after item for collectors. Whether you’re a seasoned collector or just starting, understanding the significance of the Peace Dollar can enhance your appreciation for this beautiful piece of currency.
FAQ’s
What is the significance of the 1921 Peace Dollar?
The 1921 Peace Dollar was created to commemorate the end of World War I and symbolize hope for lasting peace. It features a design that represents liberty and unity, making it a meaningful piece of American history.
How much is a 1921 Peace Dollar worth today?
The value of a 1921 Peace Dollar can vary significantly based on its condition. On average, circulated coins are valued around $150, while uncirculated coins can be worth up to $1,000 or more. Top-quality specimens may even reach values exceeding $100,000.
Where can I buy a 1921 Peace Dollar?
You can purchase a 1921 Peace Dollar from reputable coin dealers, online auction sites, or numismatic shows. It’s essential to look for coins that are certified by grading services like NGC or PCGS to ensure authenticity and quality.