Designed by: Anthony DeFrancisci
Issued Date: 1921-1935
Composition: 0.900 parts silver, 0.100-part copper
Diameter: 38.1 mm
Weight: 412.5 grains
Total Business strike mintage: 190,577,279
Total Proof strike mintage: Fewer than 50 in 1921-1922
After World War 1, when the Armistice was finally signed and peace returned, it was considered by many to be the dawn of a new age – an age of peace and prosperity. Many people also felt that this newfound peace should be honored through the issuance of a new coin design. Among these people were prominent numismatist Farran Zerbe, then the President of the American Numismatic Association. He used the A.N.A. Convention in 1920 as a platform from which to urge the organization to back a proposed silver dollar coin bearing witness to the concept of peace.
Congress approved the idea and noted medalist Anthony DeFrancisci provided the design for Peace Dollar. The concept was actually issued without congressional approval under the terms of the Pittman Act of 1918 which required the Mint to strike as many new silver dollars as it had melted. So now was the perfect opportunity to introduce the new design. After producing more than one million Peace Dollars in December of 1921, the Mint placed the new coins into circulation on January 3, 1922. Because of striking problems associated with the high relief design of the 1921, the relief was lowered and remained so for issues struck between 1922 and 1928, and again between 1934 and 1935.