The Creation of the Peace Silver Dollar

Peace Dollar

Rare American Coins and the Creation of the Peace Silver Dollar

By Paul St. Julien

Farran Zerbe was the coin collector who founded the Chase Manhattan Bank Money Museum in New York City with his own superb coin collection. Farran Zerbe is credited with initiating the interest by Congress in a new silver coin commemorating the recent peace from the World War.

Farran Zerbe (1871-1949). Photograph about 1908.

He campaigned for a new silver dollar coin intended for circulation. Finally, on May 9th, 1921 a joint resolution by the House and Senate brought the Peace Dollar into existence.

The Pitman Act now provided for replacement of the 270 million silver dollars melted for the war effort. President Warren Harding signed an Executive Order on July 28th, 1921 for a new Peace silver dollar coin.

It still took until November 23rd, to announce a competition for Peace silver dollar proposals from 8 prominent sculptors. Entries were due by December 13th, 1921. Mint employees worked furiously to have the working dies ready by the deadline of Monday, December 26th.

Anthony de Francisci
Anthony de Francisci (1887-1964)

Because of the extremely condensed timeframe for having a working prototype, the contest winner, Italian immigrant, Anthony de Francisci used his 23 year old wife, Mary Teresa Cafarelli as the model to represent the Lady of Peace. She was the last model to pose for a representation of Liberty on a US coin.

Anthony de Francisci lived from July 13, 1887 to October 20, 1964. He immigrated to the United States in 1905 and was married to Mary Teresa Cafarelli in 1920. Mary Teresa Cafarelli de Francisci lived from May 4, 1898 to October 20, 1990 and died exactly 26 years after her husband to the day.

1921 Peace Dollar Obverse
1921 Peace Dollar Obverse

The original high relief design quickly proved to have problems during production, because the extra striking pressure considerably shortened die life. High relief dies broke easily and had a very short service life.

The relief was reduced soon after production began to solve the initial problems. Reduced striking pressures made the coin flat and weakly detailed. This made the Peace Dollar one of the flatter silver dollars minted in the US. It is second only to the Eisenhower silver dollar.

Unfortunately, the flattening process made this coin lose most of the beauty intended by its designer. The beauty and bold design of this coin was lost in 1921, never to return.

1921 Peace Dollar Reverse
1921 Peace Dollar Reverse

The pride taken in minting the Morgan silver dollar didn’t carry over to the Peace dollar. The Philadelphia Mint produced coins with off white blotches and San Francisco was famous for its poor strikes. They DID manage to get a half million coins out of a die pair though.

To discover more about coins: collecting issues, money management, investing in the rare and bullion coin market, and much more, I invite you to visit for videos and free tips on buying coins at the best prices.

Article Source: Rare American Coins and the Creation of the Peace Silver Dollar

Image Source: National Numismatic Collection, National Museum of American History.

Peace Silver Dollar


UK On eBay UK:
1922 USA PEACE SILVER DOLLAR.
£0.99 (0 Bids)
End Date: Tuesday Jun-26-2018 21:59:00 BST
Bid now | Add to watch list
1923 USA $1 COIN SILVER PEACE DOLLAR {US12}
£0.99 (1 Bid)
End Date: Sunday Jul-1-2018 18:49:07 BST
Bid now | Add to watch list
1922 USA Peace Dollar - Lustrous BU - Lovely Detail. 26.7g 90% Silver.
£22.99
End Date: Sunday Jul-1-2018 17:45:00 BST
Buy It Now for only: £22.99
Buy It Now | Add to watch list
1921 Silver US Peace Dollar $1 " One Dollar " Coin
£35.00 (0 Bids)
End Date: Sunday Jul-1-2018 14:27:04 BST
Bid now | Add to watch list
USA 1922 Peace silver dollar In Good Condition As Pictured
£10.00 (0 Bids)
End Date: Thursday Jun-28-2018 12:06:38 BST
Bid now | Add to watch list
USA 1924 Peace silver dollar
£22.00
End Date: Saturday Jul-21-2018 9:47:55 BST
Buy It Now for only: £22.00
Buy It Now | Add to watch list
USA 1922 Peace silver dollar
£22.00
End Date: Saturday Jul-21-2018 9:41:47 BST
Buy It Now for only: £22.00
Buy It Now | Add to watch list
1923 USA US Peace Dollar 90% silver nice coin, Liberty Head *[8147]
£17.00
End Date: Saturday Jun-30-2018 23:39:22 BST
Buy It Now for only: £17.00
Buy It Now | Add to watch list
View Coins on eBay UK
View Coins on eBay USA

USA On eBay USA:
1922 PCGS MS 64 Silver Peace Dollar (b321.5)
$36.00
End Date: Saturday Jul-21-2018 13:19:47 PDT
Buy It Now for only: $36.00
Buy It Now | Add to watch list
1924 PCGS MS 64 Silver Peace Dollar (b321.4)
$36.00
End Date: Saturday Jul-21-2018 13:17:25 PDT
Buy It Now for only: $36.00
Buy It Now | Add to watch list
1925 PCGS MS 64 Silver Peace Dollar (b321.3)
$36.00
End Date: Saturday Jul-21-2018 13:05:11 PDT
Buy It Now for only: $36.00
Buy It Now | Add to watch list
1923 NGC MS 64 Silver Peace Dollar (b321.2)
$36.00
End Date: Saturday Jul-21-2018 13:03:17 PDT
Buy It Now for only: $36.00
Buy It Now | Add to watch list
1922 NGC MS 64 Silver Peace Dollar (b321.1)
$36.00
End Date: Saturday Jul-21-2018 12:59:53 PDT
Buy It Now for only: $36.00
Buy It Now | Add to watch list
1927 PEACE SILVER DOLLAR **PCGS CERTIFIED MS 63** FREE SHIPPING!
$154.99
End Date: Sunday Jul-1-2018 12:30:05 PDT
Buy It Now for only: $154.99
Buy It Now | Add to watch list
1922 Silver Peace Dollar PCGS MS63 (019)
$37.99
End Date: Saturday Jul-21-2018 10:57:30 PDT
Buy It Now for only: $37.99
Buy It Now | Add to watch list
Silver Peace Dollar 1923 P Peace Silver Dollar 90% silver #2
$18.61
End Date: Saturday Jul-21-2018 10:27:55 PDT
Buy It Now for only: $18.61
Buy It Now | Add to watch list
View Coins on eBay UK
View Coins on eBay USA

Share This: