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1926 Silver Dollar Value And Price Chart

1926 Silver Dollar Value And Price Chart

The 1926 Peace Silver Dollar is worth $26 in average condition and can be worth $62 to $635 or more in uncirculated (MS+) mint condition.

By now you are probably wondering, “How much does a 1926 Peace silver dollar cost?” Especially if you have one in your possession.

This is a valid question because these coins have become increasingly difficult to find on the open market and the price at which they are offered varies greatly. In this article we will take a look at how much these coins are worth and also examine some of the reasons for that fluctuation in value.

A 1926 Peace silver dollar is an awesome coin to have – especially if you have it in a very nice condition.

1926 Peace Silver Dollar

1926 Peace silver dollar

Two variations of the silver dollar exist, the Morgan And Peace. However, the Morgan dollar does not have a 1926 issue, hence, this article will talk only about the Peace Silver Dollar.

The 1926 Peace Silver Dollar was struck in 90% silver. With just 1,939,000 coins minted  its value is driven by the small quantities it was produced in and its silver content. The coin was minted at three United States mints and they are; The Philadelphia Mint, Denver and San Francisco mint.

History

The Peace dollar, designed by Anthony de Francisci, is a United States dollar coin minted from 1921 to 1928 and in 1934 and 1935. It was introduced as a result of a competition to find designs emblematic of peace.

The Peace dollar was the last United States dollar coin to be struck for circulation in silver. Its obverse depicts the head and neck of the Goddess of Liberty in profile, and its reverse shows an eagle resting on an olive branch.

In 1918, the Pittman Act required the United States Mint to strike millions of silver dollars. The mint began doing so in 1921, using the Morgan dollar design.

1926 Liberty Silver Dollar
Location Minted
Philadelphia 1,939,000
Denver 2,348,700
San Francisco 6,980,000
Total 11,267,700

Numismatists—people who collect coins—first lobbied the U.S. Mint to issue a coin that would memorialize the peace following World War I. Although they failed to get Congress to pass a bill requiring the redesign, they were able to persuade government officials to take action.

In December 1921 Treasury Secretary Andrew Mellon approved the design of the Peace dollar, completing the redesign of United States coinage that had begun in 1907.

The 1926 Liberty Silver Dollar contains 90% Silver and the other 10% of the coin is copper. The coin was minted in three United States mints; The Philadelphia mint had the lowest mintage with 1,939,000 coins, the Denver mint was the second lowest with 2,348,700 coins struck. The San Francisco mint had the highest number of Peace Silver Dollar struck in 1926 with 6,980,000 coins struck.

1926 Peace Silver Dollar
Metal Composition 90% Silver – 10% Copper
Mass/Weight 26.73 grams
Diameter 38.1 mm
Mint Mark “D” “S”
Edge Reeded
Designer Anthony de Francisci

The mint mark of the Peace silver dollar series is located on the reverse just above the tip of the eagle’s wings. Coins struck in the Philadelphia mint have no mint mark. Only coins struck in Denver and San Francisco have the “D” and “S” mint marks respectively.

The San Francisco Mint has a reputation for producing some of the highest-quality coins of any U.S. Mint facility. The San Francisco Mint produced 27% of the total mintage of Peace Silver Dollars, despite striking more than 190 million pieces during their decade of issue.

During the height of the Roaring ’20s, the San Francisco Mint curtailed production of Peace Dollars. In fact, according to the Comprehensive Silver Dollar Encyclopedia, as few as 52,000 mint-condition Peace Dollars struck in 1926 were produced—less than 1% of the total struck that year.

1926 Liberty Silver Dollar Design

De Francisci was 34 years old at the time of the competition; he was also one of the least experienced competitors. While most of the others had designed regular or commemorative coins for the Mint, de Francisci’s sole effort had been the conversion of drawings for the 1920 Maine commemorative half dollar to the finished design.

The sculptor, to create the obverse design of Liberty, used his wife Teresa de Francisci features as a model. Due to the short length of the competition, he lacked time to hire a model with the features that he envisioned.

Obverse

Obverse

Liberty’s head occupies almost the entire surface of the coin. It depicts a left portrait of her. Her hair is styled in loose curls adorned with a sharp thorny looking crown of rays. At the top is a well spread out and boldly inscribed “LIBERTY” The production year is largely written beneath her bust. The phrase “IN GOD WE TRVST” is spread to the left and right-hand sides of the coin. The obverse also features “1926” just below the liberty head.

Reverse

Reverse

“UNITED STATES OF AMERICA ”  largely arched at the top periphery of the coin. “E PLURIBUS UNUM” is inscribed right beneath it. “ONE DOLLAR” inscription is spread to the left and right of the coin. The back of an eagle standing on a rock labeled peace, clutching an olive branch while facing the rays is what is depicted on the reverse of this coin.

Mints

From the inception of Peace Silver Dollars in 1921, the coin has been produced in only Three United States Mints. Philadelphia, Denver and San Francisco. Anything other than these are most definitely fake coins. Some years like the previous 1925 Peace Dollar were struck in only the Philadelphia and San Francisco mint.

Philadelphia Mint

Philadelphia Mint

All silver dollars minted in the Philadelphia Mint do not bear a mint mark on the reverse. For the 1926 issue of the Peace Silver Dollar, a total number of 1,939,000 coins were struck in the Philadelphia mint.

In 1926, the Philadelphia mint struck less than a fifth as many Silver Dollars as it did the previous year. This fact alone makes some collectors believe that the 1926 is scarce or valuable. However, in general this is not true.

In fact, thousands of Mint State 63 and 64 examples have been certified by PCGS and even in Mint State 65, this date is readily available. However, in Mint State 66, the population drops off dramatically.

Denver Mint

Denver Mint

The Denver mint struck 2,348,700 which is quite low as compared to other Peace Silver Dollars struck in previous years. Coins from the Denver mint would most definitely have a “D” mint mark at the reverse just above the eagles tail.

San Francisco Mint

San Francisco Mint

The 1926-S Peace Dollar is a relatively common coin and, with its good strike, it is the only one of the S-Mint Peace Dollars that collectors seek. The mintage of the coin was nearly 7 million, making it one of the final Peace Dollars with a mintage over 2 million pieces. Most of the certified Mint State examples fall into the MS-63 and MS-64 categories, with about equal distribution between the two grades.

1926 Liberty coins minted in the San Francisco mint have an “S” mint mark located on the reverse. The “S” mint mark is obviously an indicator as to where the coin was minted.

1926 Peace Silver Dollar Value

The value of a $1 silver coin can sometimes be difficult to ascertain and the older the coin, the greater the chance it has been through so many hands its value is no longer what it considers it should be. That doesn’t mean you should give up on these coins, though.

When evaluating a 1926 peace silver dollar value the first step is determining if there is one known 1926 peace silver dollar value or two. In this case, there are three variations of the 1926 Peace Silver Dollar and each of these have different values.

The next thing that you should do when determining how much your 1926 Peace Silver Dollar is worth is check with a reputable coin dealer. The dealer will be able to tell you what they think your dollar is worth based on its condition and features. You should also be aware that there are many counterfeit coins out there so make sure that you only use bona fide dealers who are experienced in this area.

If you read the mint section above, you should be able to determine the kind of 1926 silver dollar

In your possession.

Year
Good
Very Good
Fine
Very Fine
About Uncirculated
1926 P
$23
$26
$31
$37
$44
1926 D
$23
$26
$31
$37
$44
1926 S
$23
$26
$31
$37
$44

If you don’t have time or patience to go through this process yourself, then consider using an online appraisal service like PCGS or NGC. These two companies will provide appraisals for most types of coins and currency but their services do come at a cost (per piece). You can also find vendors who will give free estimates but they may not be as thorough as those provided by professionals such as PCGS or NGC.

How To Grade The 1926 Peace Silver Dollar

Uncirculated: A Peace silver dollar in the Mint State – Uncirculated condition is a premium-grade coin. This grade requires that all surfaces of the coin have a fine texture due to their minting process. One way to confirm complete mint luster on a coin is to reflect light from a high and low angle off the surface of the coin. This process produces delicate “frost” in certain areas of the coin, especially on key high points like lettering and design details.

Extremely Fine: On an Extremely Fine grade Peace dollar, light wear is visible on the highest areas. This allows for some of the lower relief fine details to remain visible. The luster has been replaced with an overall silver grey sheen.

Surface luster remaining in areas protected from wear—such as the protected areas of lettering and rays—adds to the overall appeal of the coin and strengthens its numismatic value. Contact marks are taken into consideration when grading coins in the extremely fine grade, while heavy or deep marks will cause a coin to be downgraded. The distractive nature of any mark is considered in the eye appeal of the surfaces.

Fine Condition: Although wide areas of wear are noticeable on a Fine grade Peace silver dollar, key elements to the hair, lettering, and eagle are visible and in some cases bold. The coin has a slightly raised, contoured appearance and roundness to Liberty and the eagle.

A subtle point to observe is the design on both sides still retains this raised, contoured appearance and roundness. This roundness in the relief is an indication that this coin is above a lower grade.

Good: In a Good grade a Peace dollar is worn noticeably flat over wide areas of the surface. Many of the finer details have merged and been removed from Liberty and the Eagle, but a clear date remains. The rim is worn into the lettering, but this is not clear on all coins in this grade.

The Peace dollar generally holds up well as it circulates and becomes worn, but eye appeal is a factor in the grade. Loss of detail can cause the coin’s appearance to have a washed-out or hazy look. Bold features enhance its sharpness, improving its appearance.

1926 Silver Dollar Value

1926 Silver Dollar Value

The 1926 Peace silver dollar is worth $26 in average condition and can be worth $62 to $635 or more in uncirculated (MS+) mint condition. The population of Mint State-66 examples of this coin drops off dramatically, and no coins in this grade have been graded finer by PCGS. The strike can vary, but many specimens have full details and a strong strike. Luster ranges from frosty to brilliant.

Collectors seeking 1926 Peace Dollars should be able to find nice-looking, well struck examples with a minimum of marks. Any coins with more than minor imperfections should be avoided or discounted.

Grade
Price
MS 60
$38
MS 62
MS 63
MS 64
MS 65
MS 66
MS 67

1926 D Silver Dollar Value

1926 D Silver Dollar Value

The 1926-D Peace Silver Dollar has an estimated value of $26 in average condition, and can be worth $97 to $1,137 or more in uncirculated (MS+) mint condition. The 1926-D Peace dollar is one of the more common dates in the series, with just over a million pieces struck. Among the certified Mint State examples, the most frequently-seen grade is MS-64, with slightly fewer examples in MS-63 and approximately half as many in MS-65.

There are enough MS-66 examples to satisfy collector demand. However, anything better is very rare and none have been graded above MS-67 by PCGS.

Grade
Price
MS 60
MS 62
MS 63
MS 64
MS 65
MS 66
MS 67

1926 S Silver Dollar Value

1926 S Silver Dollar Value

The 1926-S Peace Silver Dollar is estimated to be worth $26 in average condition and can be worth $69 to $1,229 or more in uncirculated mint condition.

The 1926-S Peace Dollar is a reasonably common coin, although it’s the only one of the S-Mint Peace Dollars with a good strike. It has a mintage of nearly 7 million coins: the last of the Peace Dollars to have a mintage of over 2 million pieces. Most certified Mint State examples fall within the MS-63 and MS-64 grades, with about an equal number of coins in each grade.

Grade
Price Sold
MS 60
MS 62
MS 63
MS 64
MS 65
MS 66
MS 67

5 Most Valuable 1926 Liberty Silver Dollars Ever Sold

5 Most Valuable 1926 Liberty Silver Dollars
No. Type Condition Sold Date Price
1 1926 Peace Dollar MS67 Oct 7, 2021 $120,000.00
2 1926-D Peace Dollar MS67 Aug 12, 2015 $47,000.00
3 1926-S Peace Dollar MS66+ Jan 9, 2020 $38,400.00
4 1926-D $1 MS67 Apr 28, 2011 $37,375.00
5 1926-D Peace Dollar MS67 Aug 18, 2021 $33,600.00

1. 1926 Peace Dollar, MS67 Sold on Oct 7, 2021 for: $120,000.00

1926 Peace Dollar, MS67 Sold on Oct 7, 2021 for $120,000.00

2. 1926-D Peace Dollar, MS67 Sold on Aug 12, 2015 for: $47,000.00

1926-D Peace Dollar, MS67 Sold on Aug 12, 2015 for $47,000.00

3. 1926-S Peace Dollar, MS66+ Sold on Jan 9, 2020 for: $38,400.00

1926-S Peace Dollar, MS66+ Sold on Jan 9, 2020 for $38,400.00

4. 1926-D $1 MS67 Sold on Apr 28, 2011 for: $37,375.00

1926-D $1 MS67 Sold on Apr 28, 2011 for $37,375.00

5. 1926-D Peace Dollar, MS67 Sold on Aug 18, 2021 for: $33,600.00

1926-D Peace Dollar, MS67 Sold on Aug 18, 2021 for $33,600.00

How To Sell My 1926 Liberty Silver Dollar

1926 Silver Dollars are worth a lot of money. Even in circulated condition, these coins can sell for several hundred dollars. This makes them an ideal choice for people looking to invest in precious metals. If you have a 1926 Silver Dollar that you would like to sell, there are several ways to do so.

Selling Your Coins on eBay

One of the easiest ways to sell a 1926 Silver Dollar is through eBay. All you need is an account and some patience while waiting for buyers to bid on your coins. Once they are sold, shipping costs will be deducted from the final sale price before payment is sent out by PayPal or check.

Selling Your Coins at a Coin Show

If you want more flexibility when it comes to setting prices and meeting buyers face-to-face, selling your coins at a coin show might be right for you. There are several types of shows that specialize in this kind of business, including coin conventions and numismatic exhibitions held at various locations around the country throughout the year.

Listing On Other Auction Websites

You can get good money for your 1926 Silver Dollar if you list the coin on an auction website. Below are some auctions where you can list and sell your coin to the highest bidder.

  • HA.com
  • Stacksbowers.com
  • Davidlawrence.com

Final Words

Determining the value of a 1926 peace silver dollar is one of the most common coin questions you are likely to be asked when you visit a coin show. There are many types of 1926 peace dollars including those struck at the Philadelphia, Denver and San Francisco mints, making it necessary to see the mintmark on your coin.

While some collectors may be interested in collecting only one variety, like the proof strikes, they will pay more for a 1926 dollar that has been graded by NGC or PCGS than collectors who are seeking circulated coins to add to their collections.

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