1924-S Peace Dollar: A Must-Have For Numismatists – Value And Rarity Explained

1924-S Peace Dollar: A Must-Have For Numismatists - Value And Rarity Explained

The 1924-S Peace Dollar is one of the most sought-after coins in the world of numismatics. This particular coin holds significant value not only for its historical and artistic qualities but also due to its rarity.

Minted in 1924, the Peace Dollar was part of a broader effort to replace the Morgan Dollar, and it remains a key part of U.S. coinage history.

The 1924-S is particularly rare due to its limited mintage, making it a favorite among collectors and investors alike.

The Historical Context of the 1924-S Peace Dollar

In 1921, the United States began producing Peace Dollars to commemorate the end of World War I and to symbolize peace.

These coins were minted with a design by Anthony de Francisci, which became one of the most iconic representations of Liberty in U.S. coinage.

The 1924-S Peace Dollar was one of the final coins minted during this period, and its production was limited compared to other years, contributing to its rarity.

In 1924, the San Francisco Mint produced only 1,728,000 Peace Dollars, making the 1924-S a semi-key date in the series. Most collectors find the 1924-S particularly valuable when in mint condition or graded highly in terms of quality.

Coin Design: A Reflection of Peace and Patriotism

The design of the 1924-S Peace Dollar is integral to its historical significance. On the obverse, Liberty’s face is shown in a left-facing bust, crowned with rays that resemble the Statue of Liberty’s radiant crown.

This powerful symbol of freedom and strength is paired with the motto “IN GOD WE TRUST.” On the reverse, the coin features a bald eagle perched on a mountaintop, clutching an olive branch to symbolize peace.

The Designer: Anthony de Francisci

Anthony de Francisci, an Italian-American artist, designed the Peace Dollar and is credited with creating one of the most enduring images in U.S. coinage.

His design for the Peace Dollar was selected through a competition and was intended to reflect both the nation’s spirit and the end of a devastating war. de Francisci was a well-respected sculptor, and the Peace Dollar remains his most iconic work.

Mintage and Rarity

The 1924-S Peace Dollar was minted in significantly fewer quantities than its counterparts. While the Philadelphia Mint produced millions of these coins, the San Francisco Mint’s output was much lower.

The total mintage of 1,728,000 pieces makes the 1924-S a rare coin, especially in high grades. Coins in MS65 or higher are considered quite scarce, making them highly valuable to collectors.

1924-S Peace Dollar Specifications

  • Country: United States of America
  • Year of Issue: 1924
  • Denomination: One Dollar (USD)
  • Mintmark: S (San Francisco)
  • Mintage: 1,728,000
  • Alloy: .900 Silver, .100 Copper
  • Weight: 26.73 g
  • Diameter: 38.10 mm
  • Edge: Reeded
  • OBV Designer: Anthony de Francisci
  • REV Designer: Anthony de Francisci
  • Quality: Business Strike
FeatureSpecification
MintmarkS (San Francisco)
Weight26.73 grams
Diameter38.10 mm
Mintage1,728,000
Alloy.900 Silver, .100 Copper

How to Identify a 1924-S Peace Dollar

To identify a 1924-S Peace Dollar, collectors typically look for the mintmark “S” located on the reverse, just below the tail feathers of the eagle.

The San Francisco mintmark distinguishes this coin from others produced that year. The coin’s wear can affect its value, with higher-grade examples commanding much more attention and higher prices.

Why Is the 1924-S Peace Dollar Valuable?

The 1924-S Peace Dollar is valuable due to several factors:

  1. Rarity: The limited mintage of just over 1.7 million pieces makes the coin quite scarce, especially in higher grades.
  2. Historical Significance: The Peace Dollar was minted to celebrate the end of World War I, adding historical value to the coin.
  3. Condition: Coins in MS65 or higher are extremely rare, driving up demand and value.

The 1924-S Peace Dollar is one of the most coveted coins in American numismatics. Its historical significance, combined with its rarity and unique design, makes it an essential piece for collectors and investors alike.

With a mintage of just 1,728,000 coins, this coin continues to fetch high prices in auctions, especially when found in higher-grade conditions.

For those looking to add a piece of history to their collection, the 1924-S Peace Dollar remains a must-have.

FAQs

What is the mintage of the 1924-S Peace Dollar?

The mintage of the 1924-S Peace Dollar was 1,728,000, making it one of the rarest in the series.

What is the value of a 1924-S Peace Dollar?

The value of a 1924-S Peace Dollar can vary greatly depending on its condition, with high-grade coins often fetching thousands of dollars.

Where can I find a 1924-S Peace Dollar?

The 1924-S Peace Dollar can be found in private collections, online coin markets, and auction houses. It’s highly recommended to purchase through reputable dealers to ensure authenticity.

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