After a six year hiatus, the Peace Dollar series would go back into production with coins struck at the Philadelphia, Denver, and San Francisco Mint facilities. The resumption of the series was not the result of demand from circulation, as immense hoards of silver dollars still sat idle in treasury vaults. Rather the production was resumed in an effort to increase the money supply and support domestic silver production.
The 1934 Peace Dollar stuck at the Philadelphia Mint had a total mintage of 954,057 pieces. Although this was on the lower end for the series, much of the original mintage was held back from circulation and as a result there are a fair number of survivors even in uncirculated grades.
Across the two major grading services PCGS and NGC, just over 1,000 pieces have been graded MS65, about 200 pieces have been graded MS66, and eight pieces have been graded MS67 with none higher. One of the finest known examples graded NGC MS67 realized a price of $27,600 at auction in 2006.
1934 Peace Dollar Mintage and Specifications
Mint mark: none (Philadelphia)
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm