1924 Peace Dollar
The 1924 Peace Dollar was struck only at Philadelphia and San Francisco. Of the two issues, one is readily available, while the other represents one of the conditional rarities of the series. The overall mintage level of the silver dollar continued to slink to lower levels.
Similar to the prior two years, the Philadelphia Mint Peace Dollars survive in abundant numbers and are readily encountered in mint state grades through MS66. The incidence of coins graded MS67 drops markedly, with about 100 pieces graded as such by PCGS and NGC. Incredibly, two pieces have received a grade of MS68, one of which sold for an astounding $54,625 at auction in November 2005.
Some of the 1924 Peace Dollars from Philadelphia were struck on rough or slightly porous planchets. These pieces will have a grainy surface, but in certain instances it will make for a soft, satin like finish.
The 1924-S Peace Dollar represents one of the conditional rarities of the series, which commands a premium in mint state grades. From the low mintage of 1,728,000, most surviving mint state specimens are poorly struck and will exhibit excessive bags marks and dull luster. At the gem level, the conditional challenge becomes most apparent as fewer than 140 pieces have received a grade of MS65 or higher. One of the handful of coins to grade PCGS MS66 recently sold for $54,625 at auction in April 2011.
1924 Peace Dollar Mintage and Specifications
Mintages: 11,811,000 (Philadelphia), 1,728,000 (San Francisco)
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm
Edge: reeded
