Peace Silver Dollar MS64
The Peace Silver Dollar was the final silver dollar coin to be struck in the United States and intended for issue. The Peace Silver Dollar was minted from 1921 to 1926, and again from 1945 to 1946 and its final mintage was in 1965 (1965 coins were never issued). The Peace Silver Dollar was minted as a symbol of World War I and America’s desire for world peace.
Throughout World War I Germany tried to weaken British power in India by sending out messages that it was not easy for the British government to swap their printed currency for silver. This as well as silver hoarding caused the price of silver to increase and created the likelihood of failed war efforts, which lead the way for Britain to request help from their ally the United States by buying silver from them at a cheaper price. Out of this came the Pittman Act of 1918, which gave consent to the U.S. to sell the British government 350,000,000 silver dollars for $1 per ounce, which included handling, transportation, and the cost of copper?
Britain was sold 47% of what was left of the melted silver Morgan dollars and the Pittman Act requested that the U.S. Treasury Mint get rid of the melted silver coins for new and improved silver coins that come from America’s silver mines.
The Peace Dollar came back for a short amount of time in 1934 and also in 1935 due to the need for Silver Certificate backing.
In 1964 the casinos in Nevada were booming so congress backed the production of 45 million new silver dollars. The Denver mint struck 316,076 Peace Silver Dollars in May of 1965 giving it a date of 1964 in order to avoid the Coinage Act of 1965. It has been said that these coins were melted and that a small percentage continue to exist illegally.
The U.S. Commission of Fine Arts held a contest on who could create the best design for the Peace Silver Dollar and only those invited were allowed to be a part of the competition. Competitors were asked to create an image of Lady Liberty full of character and beauty on the front side of the coin and an eagle on the backside to follow the Coinage Act of 1792. What also needed to be included on the coin was the denomination, the word “Liberty,” the countries name, “In God We Trust” and “E Pluribus Unum.”
Anthony de Francisci was the winner of the competition and was the least experienced in all that entered. Since Francisci was not able to hire a model he used his wife to represent Lady Liberty.
On the front side of the coin Francisci’s designed the head of Lady Liberty with rays of light creating a tiara around her head and the word “Liberty” displayed above her head. Also included on the front are the words “In God We Trvst,” with the Latin letter “u,” which is a “v.” On the backside of the coin is the word “Peace,” along with a bald eagle holding an olive branch, perched on top of a mountain.
A Peace Silver Dollar in mint state 64 is an uncirculated coin that is above average and has very few contact marks throughout and is genrally brilliant in tone.