The 1934-S Peace Dollar is considered one of the key date issues of the series. Even though the mintage was not particularly low at 1,011,000 pieces, the majority were released into circulation diminishing the survival rate. No significant hoards ever surfaced, resulting in very few mint state examples for present day collectors.
The issue carries a premium across all grades and is recognized as being particularly scarce in uncirculated grades. The 1934-S is valued in the thousands of dollars for any examples graded MS60 or higher. Fewer than 300 pieces have been graded MS65 by either PCGS or NGC, and only around 50 pieces have been graded higher at MS66.
A superior example of the 1934-S Peace Silver Dollar realized $34,500 at an auction held in April 2011. The coin was graded PCGS MS66 and received a green stick of approval from CAC.
1934-S Peace Dollar Mintage and Specifications
Mint mark: S (San Francisco)
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm