Rare Peace Dollars from 1921 and 1922 Certified by PCGS


Professional Coin Grading Service (PCGS) has certified historic Peace dollars from the estate of Raymond T. Baker.

1921 Peace Dollar PCGS SP64
A discovery coin, this 1921 Peace dollar, PCGS SP64, has a normal High Relief design, but with a sandblasted and antique finish.

Baker, the U.S. Mint Director from March 1917 to March 1922, oversaw the introduction of the Peace dollar in 1921 and its transitional design changes through early 1922. The newly certified coins feature varying finishes and reliefs from this period, notes PCGS.

"Each of the five transitional Peace dollars now has the ‘Baker Estate’ pedigree indicated on the insert label in their PCGS holders," described Don Willis, President of PCGS.

Among the rarities is a previously unreported silver dollar, dated 1921 and shown above, that has a normal high relief design but with a sandblasted and antique finish.

"There are three ‘discovery’ pieces among these five important coins, and PCGS has created three new classification numbers to formally recognize and catalog them," Willis said.

As described by PCGS, the five newly certified coins, their grades and varieties include:

  • 1921 $1 PCGS SP64. A discovery coin that has a normal High Relief design, but with a sandblasted and antiqued finish (see top image).

  • 1922 $1 PCGS PR67. Modified High Relief (Judd-2020). Satin (or "Bright") finish. A total of 3,200 production trial examples were struck, but only a few were not subsequently destroyed. This surviving example is believed to be one of the first made and produced on a Mint press used to strike medals to bring up the Peace dollar design details.

    1922 Peace Dollar J-2020 PCGS PR67
    From the Baker Estate and graded PCGS PR67, this is one of the few surviving trial examples (J-2020) of 1922 Peace dollars with a Modified High Relief and a Satin finish.
  • 1922 $1 PCGS MS65. Modified High Relief (J-2020, same die pair as the preceding coin). It has the number "3200" inked in the left obverse field indicating it was the last coin struck from the production run of 3,200 before the obverse die failed. It was struck on a normal production press.

    1922 Peace Dollar 3200 J-2020 PCGS MS65
    Graded PCGS MS65, this 1922 Modified High Relief (J-2020) Peace dollar It has the number “3200” inked in the left obverse field indicating it was the last coin struck from the production run
  • 1922 $1 PCGS MS67. Low Relief (Early hub dies, as adopted, but with the B1 reverse). It was pulled from production when the press indicator reached 140,000 coins struck.

    1922 Peace Dollar Early Hub Dies PCGS MS67
    Another 1922 Low Relief, Early Hub Dies Peace dollar from the Baker Estate, also graded PCGS MS67.
  • 1922 $1 PCGS MS67. A second Low Relief, early hub dies example, pulled from production at the same time as the preceding coin.

    1922 Low Relief Early Hub Dies Peace Dollar PCGS MS67
    1922 Low Relief, Early Hub Dies Peace dollar, PCGS MS67.

The five Peace dollars were submitted for certification by PCGS Authorized Dealer Ronald J. Gillio. Stack’s Bowers Galleries (www.stacksbower.com) will offer all five rarities in an August auction that will be held in conjunction with the ANA World’s Fair of Money in Rosemont, Ill.

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Jim Horst

I am watching Pawn Stars, and they bought a 1922 silver dollar. I have one and was wondering if all 1922’s are valuable?

George Barnette

I watched the same Pawn Stars. I have both a 1921 and 2-1922 silver dollars. I have one of the 1922 silver dollars on a good leather belt. I have had that one from the 50’s, and my brother had it before that, and he gave it to me.

Vincent Perez

I have a 1922 low relief peace dollar with a matte finish and two U.S. anchors in the obverse and one in the reverse. Any clues where this came from?