Peace Dollar Mint Mark: Location, Rare Dates and Values

Turn the coin to the eagle side. If there is a mint mark, it is a small D or S in the lower left, under the word ONE and just above the tip of the eagle's wing (SilverTowne, Hero Bullion). The side with Liberty's portrait never carries a mint mark.

• No letter: struck at Philadelphia.
• D: struck at Denver.
• S: struck at San Francisco.

The letter is small and often worn flat on circulated coins. Tilt the coin under a single light and use a 5x to 10x magnifier. If you read the mint mark wrong, you can misjudge the value by a factor of ten or more, because the same date can be common at one mint and scarce at another (see the price list below).

Mintages from Wikipedia's Peace dollar article. A dash means that mint did not strike Peace dollars that year.

• 1921: Philadelphia 1,006,473; Denver –; San Francisco –.
• 1922: Philadelphia 51,737,000; Denver 15,063,000; San Francisco 17,475,000.
• 1923: Philadelphia 30,800,000; Denver 6,811,000; San Francisco 19,020,000.
• 1924: Philadelphia 11,811,000; Denver –; San Francisco 1,728,000.
• 1925: Philadelphia 10,198,000; Denver –; San Francisco 1,610,000.
• 1926: Philadelphia 1,939,000; Denver 2,348,700; San Francisco 6,980,000.
• 1927: Philadelphia 848,000; Denver 1,268,900; San Francisco 866,000.
• 1928: Philadelphia 360,649; Denver –; San Francisco 1,632,000.
• 1934: Philadelphia 954,057; Denver 1,569,500; San Francisco 1,011,000.
• 1935: Philadelphia 1,576,000; Denver –; San Francisco 1,964,000.

Philadelphia struck more than 111 million Peace dollars in total, San Francisco more than 52 million and Denver more than 27 million (Hero Bullion). The 1928 with no mint mark is the lowest-mintage regular issue.

Every Peace dollar is worth at least its silver. On September 25, 2026 USA CoinBook showed a melt value of $49.90 for one coin. Above that, value depends on date, mint and grade. Retail estimates from the USA CoinBook Peace dollar chart (numismatic values last updated February 2026), given as Good 4 / MS60 / MS65:

• Common dates (1922, 1923, 1924, 1925 Philadelphia): $63 / $94 / $232 to $678.
• 1921 (high relief, Philadelphia only): $224 / $705 / $4,109.
• 1928 (Philadelphia, no mint mark): $287 / $614 / $4,286. This is the key date.
• 1934-S: $107 / $3,508 / $13,794. Cheap when worn, expensive once uncirculated.
• 1928-S: $76 / $307 / $15,291.
• 1925-S: $68 / $214 / $28,107.
• 1924-S and 1927-S: $78 and $76 in Good 4, $7,373 each in MS65.
• 1927-D: $76 / $327 / $4,246.
• 1934-D Doubled Die Obverse: $141 in Good 4, $968 in MS60.

The pattern that matters: most San Francisco and Denver dates sell for close to silver value when worn but jump to four or five figures in MS65. A 1925-S in MS65 is listed at about 121 times the price of a 1925 Philadelphia coin in the same grade. So an S or D coin that still shows full mint luster is the one to have graded.

1922 is the most common Peace dollar: 84.3 million were struck across all three mints (Wikipedia). It is 90% silver and 10% copper, not 100% silver, and holds 0.7734 troy ounces of pure silver, the same as every date from 1921 to 1935 (SilverTowne).

USA CoinBook values (February 2026), MS60 / MS65:

• 1922, no mint mark: $94 / $678.
• 1922-D: $111 / $731.
• 1922-S: $111 / $1,484.

The exception is the 1922 high relief proof. CoinValueChecker reports 10 to 12 known, and USA CoinBook lists it at $313,126 in PR65. A normal circulated 1922 is not this coin: the high relief proofs have sharp, square rims and a matte surface.

The first Peace dollars were struck on December 28, 1921 in high relief. The deep design needed so much striking pressure that dies broke quickly, so the Mint halted production on January 10, 1922 and switched to a lower relief, which Philadelphia began striking in early February 1922 (Wikipedia). That is why a 1921 coin looks more sculpted and often shows weak detail in the center of Liberty's hair. Only Philadelphia struck 1921 Peace dollars, so a genuine 1921 Peace dollar never has a mint mark. A Peace-design 1921 with a D or S is altered or fake.

In 1965 the Denver Mint struck 316,076 Peace dollars dated 1964. They were reported destroyed, and no example is known in public or private hands (Wikipedia). Any "1964-D Peace dollar" offered for sale should be treated as a fantasy piece or a modern copy. Modern Peace dollars in .999 silver were issued from 2021 for collectors, and they are a separate product from the 1921–1935 coins.

• Date: 1921–1928 or 1934–1935. Any other date on the classic design is not a regular issue.
• Mint mark: below ONE on the eagle side. None, D or S.
• Weight: a genuine coin weighs 26.73 g. A kitchen scale that reads to 0.01 g will expose many copies.
• Edge: reeded, like a modern quarter.
• Luster: uncirculated coins show cartwheel luster when you rotate them under a light; cleaned coins look dull or hairlined and lose most of their premium.

For the key dates (1921, 1928, 1934-S and the high-grade S-mint coins) buy only coins certified by a grading service; see how to spot counterfeit coins. A photo of both sides in the app reads the date and mint mark for you.

Research and drafting for this page were assisted by AI and checked line by line against the sources listed below. Every price names the guide or sale it comes from and its date; where we could not confirm a figure we say so instead of estimating. Guide prices are for coins certified by a grading service; raw, worn or cleaned coins usually sell for less. If you find an error, tell us and we will correct it.