It has been observed that Peace Dollars have brought in as much as several thousand dollars at the with auctions the 1922 Peace Dollar being one of the most unique coins in the American numismatics. This is why as collectors we often come across certain issues regarding this particular variety and its real value.
It has been an answer common to question this that really people ask down if to their silver condition dollars and are authenticity worth of anything after doing a lot of research and analyzing the market for 1922 Peace Dollar, it has been found that such coins need to be properly authenticated as this date has some special features that differentiate it from other Peace Dollar dates.
In this detailed reference, we will discuss in detail about the 1922 Peace Dollar, its design, current market value and other details. You will also get to know some important information regarding authentication, grading and how to take care of your coin to increase its value in the market in this guide.
Understanding the 1922 Peace Dollar Design
In 1922 Peace Dollar we are presented with one of the most beautiful and significant pieces in the history of American coin design. The coin designed by Anthony de Francisci is a perfect example of how art can be combined with coinage and become a piece of history.
Key Design Elements and Symbolism
On the side of the 1922 Peace Dollar is a depiction of Lady Liberty, with a unique radiant crown that represents the enlightened essence of America’s spirit.
- A youthful Liberty with wind-blown hair
- A crown with radiating rays symbolizing hope
- The word “LIBERTY” prominently displayed
- The motto “IN GOD WE TRUST”
On the opposite side is an eagle sitting on a stone with a branch in its grasp. A strong representation of peace. The term “PEACE” is visible at the bottom of the coin making it distinct, as the U.S. currency to explicitly acknowledge this goal.
Designer Anthony de Francisci’s Vision
It is interesting that de Francisci had his wife Teresa serves as the model for Liberty thus making this design very special. In designing the Peace Dollar he wanted to portray what he termed as “the spirit of the country – its intellectual quickness, energy and aliveness”.
The design was revised in the early part of 1922. The first strike was done in what is referred to as high relief and about 35,000 coins were struck using this form of deep striking. However, there were some issues that made the mint to make some changes. This was because the high relief caused the dies to wear out very fast hence reducing the efficiency of the Chief Engraver George T.Morgan to design the coin to have a better production.
Comparison to Other Peace Dollar Years
This one is quite complicated by the fact that the 1922 issue is the only one that went from high to low relief. The first type of 1922 strike is easily distinguishable from the later ones, exhibiting better relief of Liberty’s face and the eagle’s feathers. As for the high relief specimens when they appear on the market they are known to be quite sought after by collectors.
The 1922 Peace Dollar was the first year of issue and accounts for more than 45% of the total Peace Dollars produced from 1922 to 1935, thus it is a key to appreciate the development of the series. The changes made in this year would become the basis for all the Peace Dollar productions up to 1935.
Mintage History and Production Details
Analyzing the production history of the 1922 Peace Dollar, this is the most produced year in the series and we Philadelphia are Mint looking went at on what to would set become a record most for produced the year United in States the silver series. It minted 51,737,000 pieces, which is quite astonishing.
Philadelphia Mint Production Numbers
It is interesting to note that the Philadelphia Mint could roll out as many as 500,000 coins in a single day during its peak periods. The facility was running around the 24 hours accommodate the massive production demand and by June 30, 1922 the mint had produced 24,701,473 coins. It wasn’t without its problems through – the mint also had to deal with the problems encountered during the early production of the high-relief versions and later moved to a modified design that was production friendly.
Denver and San Francisco Variations
When we examine the branch mint production, we see significant numbers from both facilities:
- Denver Mint: 15,063,000 pieces
- San Francisco Mint: 17,475,000 pieces
The San Francisco Mint’s output is a good example to analyze the issue of quality control. What we observed is that the management’s decision to increase the die’s life through increasing the gap between the dies led to the creation of significantly weaker strikes. This is why it is now difficult to find high quality San Francisco specimens, especially those that are well struck.
Manufacturing Process and Quality Control
From our research, it is interesting to know about the manufacturing process evolution in the year 1922. When the minting started in the year the mint was doing experimental high-relief productions and it low-relief is design estimated was that adopted. about This 3,200 modified was high-relief because were the produced high-relief before dies the wore final out rather easily, operating for only 25,000 strikes as against the 200,000 coins that could be struck using standard relief dies.
We have observed that the level of quality control of the mints also differed strongly. While the Philadelphia mint did not experience any changes in the quality of striking, San Francisco had a lot of problems with striking of in coins. Detail most and of have the numerous coins bag produced marks. at These the variations San in Francisco the facility production are have weak led to certain collectable aspects for today’s collectors as the well-struck coins from certain mints are now considered to be quite valuable.
The production of all the three mints in 1922 was more than 45% of the total Peace Dollar production from 1922 to 1935. This large production would ensure that the 1922 Peace Dollar would be a key part in the series as millions of them were to be kept in storage for several years.
Grading Standards and Condition Analysis
In our years of grading Peace Dollars, we have come to realize that there are certain factors that one has to consider when it comes to the condition of the coin. This is important for both the collector and the investor as we will explain to you in the case of the 1922 Peace Dollar.
Understanding the Sheldon Grading Scale
We use the internationally recognized Sheldon Scale, which ranges from 1 to 70, to evaluate Peace Dollars. For mint state coins, the scale runs from MS60 to MS70, with MS70 representing a perfect specimen with no post-production imperfections at 5x magnification. In our analysis of the 1922 Peace Dollar, we’ve observed that the vast majority of specimens fall into the MS63 and MS64 levels.
Key Areas to Examine for Grading
When we evaluate a 1922 Peace Dollar, we focus on these critical areas:
- High Points: Liberty’s cheek, hair above eye, and neck
- Field Areas: Spaces around Liberty’s portrait and eagle
- Strike Quality: Center details and rim definition
- Surface Preservation: Luster quality and contact marks
The biggest challenge we face is in differentiating between the mint state pieces and what we call ‘sliders’ – coins which have been polished to the extent that they have a very minor wear but the sellers claim them to be uncirculated. To be considered as MS65, the piece must have full brilliance and should have no more than a couple of slight marks where it has been touched, Liberty’s cheek and the fields that are next to her portrait are of particular concern.
Common Wear Patterns and Problems
Through our examination of thousands of specimens, we’ve identified several recurring issues specific to the 1922 Peace Dollar:
- Bagmarks: Most specimens show extensive marking from storage and handling
- White Spots: Many coins exhibit blotches resembling dried milk, likely from improper planchet preparation
- Strike Quality: The low relief design often results in unsatisfactory detail
In our grading experience, we have noticed examples that the MS63 supply specimens drastically are decreases the at most the frequently MS66 met point high-grade where the 1922 Peace Dollar becomes a condition collectible. As for the circulated examples, we can state that coins in VF-20 and higher grades are very available on the market.
This is because the 1922 Peace Dollars have what we call “fade-away rims” as well as incomplete luster. This is because we have noticed that the center of the reverse is often struck poorly, and therefore the eagle’s higher points will not have good strike.
For authentication purpose, the surface texture and strike characteristics are the major areas of concern. The original mint luster is considered to be present in uncirculated grades, however, many of the pieces exhibit breaks in the luster field which is due to handling in bags.
Market Values Across Different Grades
Let’s explore the realm of 1922 Peace Dollar prices; where the state and mint markings key factors, in evaluating value. Our extensive research indicates that these coins present chances for collectors, on a budget and investors looking to make investments.
Circulated Grades (VG to AU)
In circulated conditions, we have observed that 1922 Peace Dollars are rather affordable. The majority of the specimens in VG to AU condition can be purchased for $37.00 – $46.00. As for the beginning collectors, it is recommended to pay attention to the coins in the VF to AU condition as this is where one can get the best value for the money.
Here are the typical value ranges we see for circulated examples:
- Very Fine (VF): $38.50 – $39.00
- Extremely Fine (XF): $40.00 – $42.00
- About Uncirculated (AU): $43.00 – $46.00
Mint State Values (MS60-MS65)
When considering mint state specimens, the 1922 Peace Dollar offers some unique possibilities. As such, we have noticed that MS-60 to MS-65 is easily available and thus perfect for those collecting type sets.
The market values typically progress as follows:
- MS-60 to MS-62: $55.00 – $80.00
- MS-63: $115.00
- MS-64: $150.00
- MS-65: $250.00 – $375.00
Premium Grades (MS66 and Above)
In our dealing with premium grades we have observed a drastic reduction of coins at the MS-66 level and below. This makes top grade coins very scarce and presents a high value for the collectables. The market is especially robust for the exceptional pieces:
If we talk about Philadelphia mint coins in perfect condition then it has been observed that prices can go up to $700. 00. San Francisco mint coins in the high grades are very hard to find since they are usually poorly struck and this affects their market price.
We’ve observed that certain factors can significantly impact value:
- Mint mark variations affect pricing, with Denver specimens typically commanding $30.00 to $40.00 in standard grades
- Error coins can be extraordinarily valuable, with some specimens selling for hundreds of thousands of dollars to specialized collectors
- San Francisco mint pieces in pristine condition can reach $400.00
It is important to note that while at the majority of a price 1922 between Peace $20.00 Dollars and are $39.00, available unique for coins sale with specific mint marks or errors can be valued at thousands of dollars. As such, it is always important for collectors to consider the mint mark and the condition of the coin they are interested in acquiring.
Notable Varieties and Error Coins
The discussion on the 1922 Peace Dollar would be incomplete without a discussion of the varieties and errors of the coin. The VAM system which was compiled by Leroy Van Allen and A. George Mallis has listed numerous interesting varieties which are worth mentioning.
Known Die Varieties
What we have noticed is that Peace Dollars have not gotten the same level of recognition as Morgans when it comes to variety collections even though the TOP-50 book by Oxman and Close has helped to shine a light on them. The VAM-12A “Moustache” variety is one of the most recognizable ones, and it is caused by a die defect which makes Lady Liberty seem as if she has a moustache above her lips.
Some significant VAM varieties we regularly document include:
- VAM-2: Features clashed dies creating unintended impressions
- VAM-3: Shows a notable die crack near Liberty’s hairline
- VAM-5A: Displays a distinctive “Spike in Eagle’s Shoulder”
Documented Error Types
Through our research, we’ve identified several significant error types that make the 1922 Peace Dollar particularly interesting to collectors:
Planchet Errors: We frequently encounter cracked planchet errors, which occur when structural flaws in the blank create visible imperfections on the coin’s surface.
Die Cracks and Breaks: These form when worn or damaged dies create unique patterns on the coin’s surface. We’ve documented thousands of die break coins from the 1922 mintage.
Curved Clip Errors: These distinctive errors show a missing inwardly curving portion along the edge, typically valued between $150.00 to $250.00.
Lamination Errors: We often find these characterized by peeling metal layers, particularly visible around the eagle design and legends.
Value Impact of Varieties
In our experience, variety premiums can significantly enhance a coin’s value. Here’s what we typically see in the market:
- VAM-2 (Clashed Dies):
- XF Grade: $50.00 to $100.00
- MS63 Grade: $500.00 to $1,000.00
- VAM-3 (Die Break):
- XF Grade: $40.00 to $70.00
- MS63 Grade: $300.00 to $500.00
- VAM-5A (Eagle’s Shoulder):
- XF Grade: $60.00 to $120.00
- MS63 Grade: $400.00 to $800.00
At the Denver Mint we have seen that Denver Mint specimens can exhibit die cracks due to the dies being in use for a longer period. These variations were because the mint still produced coins with a cracked die until the arrival of new dies from Philadelphia.
One interesting thing that we have observed is that some of the 1922 Peace Dollars have doubled die varieties and these are easily identifiable from the motto and Liberty’s features. These varieties when properly authenticated can fetch a good price in the market.
Authentication and Preservation Tips
Authentication and preservation are two very important aspects in the current market especially with the development of advanced counterfeiting methods. We have been in business for many years and thus, know that protection of your investment goes hand in hand with knowing what to look for.
Identifying Genuine Specimens
Lately we’ve observed a pattern where dishonest individuals are focusing their efforts, towards widely known years such as the 1922 Peace Dollar coinage, in our verification procedure; we focus closely to identify these crucial signs of authentic pieces;
- Stock die characteristics
- Letter formation quality, especially in “PLURIBUS”
- Raised lumps near the eagle’s wing
- Surface texture consistency
- Complete detail preservation in Liberty’s hair
One particularly telling sign we’ve discovered is the presence of specific diagnostic raised lumps, most notably at the “LU” in “PLURIBUS” and around the eagle’s left wing. These markers help us distinguish authentic pieces from contemporary counterfeits.
Proper Storage Methods
Through our extensive handling of Peace Dollars, we’ve found that proper storage is crucial for maintaining both condition and value. Currently, we recommend several proven storage solutions:
Primary Storage Options:
- Mylar flips (ideal for individual specimens)
- Coin containers (excellent for premium examples)
- Storage tubes (suitable for bulk storage of lower-grade pieces)
Dedicated collectors tend to opt for getting their valuable items expertly encased for lasting safeguarding purposes, which not conserves the currency but also upholds its worth, in the market over time.
Conservation Considerations
Through our involvement, in preserving Peace Dollars over time we’ve pinpointed a number of elements that impact their long term conservation. The storage setting is pivotal. We have observed variations, in coin preservation outcomes depending on storage circumstances.
Environmental Factors to Monitor:
- Humidity levels (critical for preventing toning)
- Temperature stability
- Ventilation quality
- Storage material composition
In our research, we have noticed that Peace Dollars react to different storage conditions than Morgan Dollars. The research conducted by us reveal that majority of the Peace Dollars got out of the original mint bags either bright or bland. This makes it even more important that the coins are stored properly to ensure that they do not change color.
In our research, we have established that most of the Peace Dollar toning was as a result of being placed in albums for storage and not bags. This information is useful for collectors to know their storage options. We have noticed that the only toning that was often observed on these coins when they were removed from the original bags was the crescent shape which was formed when a part of one coin was hidden by the other coin in the bag over a long period of time.
When considering the storage facilities, it is noteworthy that modern vault conditions do affect the condition of the coins. The new vaults of the Philadelphia Mint which were constructed in 1923, 1928 and 1933 had better ventilation and the building was isolated from the ground. This knowledge helps us to know why some of these specimens have kept in a rather good state as compared to the others.
It is always advisable to get any claimed rare varieties authenticated by a professional. This is We especially have so seen since time many and of again the that Peace while Dollars people’s out intentions there might have been good cleaned they or end altered up in damaging some the way coin reducing its value.
In the course of our preservation work, we have also observed that Peace Dollars have different surface texture from Morgan Dollars. This particular characteristic calls for certain storage and handling practices to be followed in order to ensure that the surface of the coin is not damaged in any way. It is for this reason that we do not encourage any form of cleaning as this may lead to damage of the surface of the coin which will in turn lower its value.
Conclusion
The 1922 Peace Dollar is a piece of coin history that provides collectors with special opportunities, across all levels of expertise in numismatics. Our exploration into this captivating topic shows that it is a choice for novice collectors and a rewarding challenge, for numismatists looking for high quality variations.
The prices, in the market are holding steady and affordable for the majority of grades; however rare pieces demand prices due to their quality. There is a range of recorded types for collection enthusiasts to delve into further exploration of VAM classifications and study die attributes along, with mint specific differences.
Authentication is still very important, for a date common as this one! It’s clear that how you store and take care of it can really impact whether a coin stays alright or keeps its charm and worth intact, over time. Whether you’re collecting a variety of coins or focusing on Peace Dollars specifically. Starting with the 1922 edition is a way to dive into the series!
The historical importance of the coin and its widespread availability, in conditions make it a valuable addition to any collection enthusiast’s repertoire! Keep in mind that the coins value is influenced by its condition. Paying attention to details like striking quality and preserving its surface and original mint shine can bring collectors not joy but also the potential, for future value appreciation.
FAQs
Q1. What makes the 1922 Peace Dollar significant for collectors? The 1922 Peace Dollar is significant due to its high mintage, representing over 45% of all Peace Dollars struck between 1922 and 1935. It offers opportunities for collectors at various levels, from common circulated specimens to rare high-grade examples and interesting varieties.
Q2. How can I determine the value of my 1922 Peace Dollar? The value of a 1922 Peace Dollar depends primarily on its condition and mint mark. Circulated specimens typically range from $37 to $46, while uncirculated coins can be worth $55 to $375 or more. Rare varieties or exceptionally well-preserved specimens can command even higher prices.
Q3. Are there any notable varieties or errors in the 1922 Peace Dollar series? Yes, there are several notable varieties and errors in the 1922 Peace Dollar series. These include the VAM-12A “Moustache” variety, clashed die varieties, and various error types such as cracked planchets and curved clip errors. These variations can significantly increase a coin’s value.
Q4. How can I authenticate a 1922 Peace Dollar? To authenticate a 1922 Peace Dollar, look for specific features such as raised lumps near the eagle’s wing, consistent surface texture, and complete detail in Liberty’s hair. Pay attention to letter formation quality, especially in “PLURIBUS.” For rare varieties or high-value specimens, professional authentication is recommended.
Q5. What are the best practices for preserving a 1922 Peace Dollar? To preserve a 1922 Peace Dollar, store it in a controlled environment using appropriate materials like Mylar flips or coin containers. Avoid cleaning the coin, as improper cleaning can damage the surface and reduce its value. For premium specimens, professional slabbing is often preferred for long-term protection and value preservation.
