1924-S Peace Dollar: The 1924-S Peace Dollar is a masterpiece of American coinage, representing a pivotal era in U.S. history. This semi-key date coin from the Peace Dollar series stands out for its striking design and rarity, making it a sought-after piece for collectors and investors alike. With its origins tied to the historical Pittman Act and its symbolic tribute to peace after World War I, the 1924-S Peace Dollar offers a fascinating story that captivates both seasoned numismatists and new enthusiasts.
In this guide, we’ll delve into the history, design, and unique challenges of collecting the 1924-S Peace Dollar. Whether you’re here for its historical significance or its investment potential, this coin holds treasures waiting to be uncovered.
1924-S Peace Dollar Overview
Here’s a quick look at the specifications and highlights of the 1924-S Peace Dollar:
| Feature | Details |
| Country | United States of America |
| Year of Issue | 1924 |
| Denomination | One Dollar |
| Mintmark | S (San Francisco) |
| Mintage | 1,728,000 |
| Composition | .900 Silver, .100 Copper |
| Weight | 26.73 g |
| Diameter | 38.10 mm |
| Edge | Reeded |
| Designer | Anthony de Francisci |
| Significance | Commemorates peace following World War I |
The Historical Context of the 1924-S Peace Dollar
The 1924-S Peace Dollar owes its creation to the Pittman Act of 1918, which required the melting of millions of silver Morgan Dollars and the recoinage of new silver dollars. This legislation ensured the continued use of domestically mined silver and addressed the financial needs of the post-war economy. By 1924, most of the mandated 270 million silver dollars had already been produced, leading to a dramatic slowdown in production. The San Francisco Mint struck just 1,728,000 coins that year, marking a significant decrease compared to earlier years.
The Peace Dollar series, introduced in 1921, was born out of a public desire to commemorate the end of World War I. Designed by Anthony de Francisci, the coin symbolizes peace and unity, making it a poignant representation of its time.
Design Highlights of the 1924-S Peace Dollar
Obverse: The Radiant Liberty
The obverse of the 1924-S Peace Dollar features Liberty, depicted as a youthful figure wearing a radiant tiara that echoes the crown of the Statue of Liberty. Her serene expression and flowing hair embody the ideals of hope and freedom. Encircling her are the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the date, “1924,” creating a harmonious balance that emphasizes the coin’s symbolic nature.
Reverse: The Peaceful Eagle
On the reverse, an American bald eagle perches gracefully on a rock, clutching an olive branch—a timeless emblem of peace. The rising sun in the background signifies a new dawn, aligning with the coin’s overarching theme of peace. The inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE DOLLAR” surround the design. The “S” mintmark below the word “ONE” identifies the coin’s origin at the San Francisco Mint.
Why the 1924-S Peace Dollar is Coveted
Rarity in High Grades
While over 1.7 million coins were minted, finding a 1924-S Peace Dollar in pristine condition is rare. Most examples in circulation show significant wear, making Mint State coins highly desirable. High-grade specimens, such as MS65 and MS66, are exceptionally rare and command premium prices in the market.
Historical Significance
The coin serves as a tangible connection to America’s post-war era, celebrating peace while showcasing exquisite artistry. Its connection to the Pittman Act and its role in U.S. monetary history add layers of intrigue that elevate its status among collectors.
Redfield Hoard Influence
The 1924-S Peace Dollar was among the coins discovered in the famed Redfield Hoard, a massive collection of silver dollars accumulated by LaVere Redfield. While this discovery brought more examples to light, the availability of high-grade coins remains limited, adding to the coin’s allure.
Market Trends and Values
Over the years, the 1924-S Peace Dollar has shown strong market performance, reflecting its enduring appeal. Some notable auction results include:
- 1976: Dealers offered BU rolls for $1,600, highlighting its value even decades ago.
- 1999: An NGC MS66 example sold for $16,387.50, showcasing its rarity in top grades.
- 2021: A PCGS MS66 CAC-certified coin reached $54,625 at auction, solidifying its status as a premium collectible.
These figures underscore the coin’s potential as both a collector’s item and an investment.
Tips for Collectors of the 1924-S Peace Dollar
1. Prioritize Certified Coins
Purchasing coins graded by reputable organizations like PCGS or NGC ensures authenticity and provides a reliable assessment of the coin’s condition. Certification also adds liquidity and confidence when selling or trading.
2. Understand Market Trends
Staying informed about current market trends and auction results can help you identify opportunities to acquire coins at fair prices.
3. Handle Coins with Care
Silver coins are prone to tarnishing and scratches. Use gloves or protective holders when handling your 1924-S Peace Dollar to preserve its condition.
FAQs About the 1924-S Peace Dollar
1. Why is the 1924-S Peace Dollar considered rare?
Its low mintage and scarcity in high grades make it a sought-after coin among collectors.
2. What does the “S” mintmark represent?
The “S” mintmark indicates that the coin was struck at the San Francisco Mint.
3. How much is a 1924-S Peace Dollar worth today?
The value varies based on condition. Circulated examples range from $50 to $300, while Mint State coins can sell for thousands of dollars.
4. What makes the 1924-S Peace Dollar historically significant?
It represents America’s transition to peace after World War I and is part of the iconic Peace Dollar series.
5. Is the 1924-S Peace Dollar a good investment?
Yes, its rarity, historical context, and strong market demand make it an excellent choice for collectors and investors alike.
Final Thoughts
The 1924-S Peace Dollar is more than just a coin; it’s a piece of history that tells a story of hope and renewal. Its striking design, historical roots, and rarity make it a centerpiece in any collection. Whether you’re acquiring it for its beauty, its value, or its symbolism, this coin is a testament to the art and history of American numismatics.
If this guide inspired you, share it with fellow collectors or leave a comment below. Let’s celebrate the enduring legacy of the Peace Dollar and explore the stories behind these remarkable coins together!
