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Peace Silver Dollar
In 1921, the Morgan Silver $ was minted as the US dollar coin until the new Peace design was adopted and began being minted in December 1921. Peace dollars were produced from 1921 to 1928 and then again in 1934 and 1935. The coins contain 90% silver and 10% copper and the obverse depicts a new Liberty design and the reverse shows a perched bald eagle. For silver dollars that are well circulated, they trade closely to the spot price of silver on a per ounce basis, with a calculation required since they do not contain one full troy ounce of silver. Coins in better than circulated condition are traded on their collector value and can vary widely. Low mintages and mint marks can also contribute to substantial premiums.