You might have a valuable coin in your pocket right now and not even know it! The U.S. Peace Dollar, minted between 1921 and 1935, is a coin that could be worth a fortune, especially if you find one in your change. Some Peace Dollars are worth tens of thousands of dollars, and in rare cases, even as much as $132,000. In this article, we’ll tell you what makes certain Peace Dollars so valuable and how you can spot one if you’re lucky enough to find it.
What Is a U.S. Peace Dollar?
The U.S. Peace Dollar was first minted in 1921 to commemorate the end of World War I and the peace that followed. The coin features Lady Liberty on the front and an eagle on the back, both designed to symbolize peace and freedom. The Peace Dollar was minted in silver and has been a popular coin among collectors ever since.
Over time, certain versions of this coin have become extremely valuable. What makes these coins so special? Let’s break it down.
Why Are Some Peace Dollars Worth So Much?
While most Peace Dollars are worth their face value (or slightly more depending on the condition), some are highly sought after by collectors. Here’s why:
1. Rarity
Not all Peace Dollars are the same. Some were minted in limited numbers or during certain years, which makes them rarer. Coins that were minted in lower numbers are often worth more because they’re harder to find.
2. Condition
The condition of the coin plays a huge role in its value. Coins that are in excellent condition (especially those with little wear or scratches) are much more valuable. Coins that have been preserved in near-perfect condition can fetch a higher price at auction.
3. Special Features
Certain Peace Dollars have unique characteristics that make them stand out. For example, some coins were mistakenly struck with errors or have rare mint marks. These can be worth significantly more than a regular Peace Dollar.
The $132,000 Peace Dollar Coin: The 1928-S
One of the most valuable Peace Dollar coins is the 1928-S Peace Dollar, which is known for its rarity. Only around 848,000 of these coins were minted, making them much rarer than other years. Even though the coin was intended to be circulated like any other, many of these coins were hoarded or simply lost over time.
In excellent condition, a 1928-S Peace Dollar can be worth up to $132,000. That’s a staggering amount of money for a coin that was originally worth just one dollar! If you’re lucky enough to find one in your change, you could be sitting on a small fortune.
How to Spot a Valuable Peace Dollar
If you’re wondering how to spot a valuable Peace Dollar, here are some things to look for:
1. Check the Year and Mint Mark
The first thing you should do is check the year of the coin and the mint mark. The mint mark is usually found below the “ONE DOLLAR” inscription on the reverse side of the coin. If the coin was minted in 1928 with an “S” mint mark, it could be worth a lot more than face value.
2. Examine the Condition
Next, inspect the condition of the coin. If the coin looks worn, scratched, or damaged, it will likely be worth less than a coin in mint or uncirculated condition. Coins that look as though they’ve been preserved well are much more valuable.
3. Look for Minting Errors
Some Peace Dollars were struck with errors, such as doubled or misshapen designs. These errors can make the coin much more valuable. If you find a coin that seems unusual, it’s worth having it examined by a professional.
Where Can You Sell a Rare Peace Dollar?
If you find a rare and valuable Peace Dollar, you might be wondering how to sell it. Here are a few options:
1. Coin Dealers
Coin dealers are experts in evaluating coins and can help you determine the value of your Peace Dollar. They may also be interested in buying the coin from you.
2. Coin Auctions
If you have a particularly valuable Peace Dollar, you may want to consider selling it at an auction. Many online and in-person coin auctions attract collectors from all over the world who are eager to purchase rare coins.
3. Online Marketplaces
You can also try selling your Peace Dollar on online marketplaces like eBay. However, it’s important to know how to properly list and describe the coin to get the best price.
Tips for Protecting Your Valuable Coins
If you do find a valuable Peace Dollar, here are some tips to protect it:
- Store it in a safe place: Keep the coin in a safe, dry place where it won’t be damaged. Consider investing in a coin holder or protective case.
- Avoid cleaning the coin: Cleaning a rare coin can reduce its value, so it’s best to leave it in its natural state.
- Get it appraised: If you think your coin may be valuable, consider having it appraised by a professional. This will give you an accurate idea of its worth.
Conclusion
If you find a Peace Dollar in your change, it might not just be worth one dollar—it could be worth thousands, or even up to $132,000! While most Peace Dollars are worth their face value, coins from certain years and in excellent condition can be worth much more. Keep an eye out for rare versions like the 1928-S, and always check the condition and mint mark of the coin. You never know, you might be sitting on a small fortune!
FAQs
What is the most valuable Peace Dollar?
The most valuable Peace Dollar is the 1928-S, which can be worth up to $132,000 in excellent condition.
How can I tell if my Peace Dollar is rare?
Check the year and mint mark of the coin. The 1928-S is particularly rare, but other years with low mintage or special features can also be valuable.
Should I clean my Peace Dollar before selling it?
No, cleaning the coin can reduce its value. It’s best to leave it as-is and have it appraised by a professional.
Can I sell my Peace Dollar at an auction?
Yes, coin auctions are a great way to sell rare coins, as they attract collectors who may be willing to pay top dollar for your Peace Dollar.
Where can I sell a rare Peace Dollar?
You can sell your Peace Dollar to coin dealers, at auctions, or online through platforms like eBay.