The 1927 Peace Dollar (Buy on eBay) represented the first issue of the series struck at the Philadelphia Mint with a mintage below the one million level. Production figures would be lower across all three mint facilities for the year and remain low for the duration of the series.
The decline in mintages was a related to the impending fulfillment of the US Mint’s obligations under the Pittman Act. In 1918, a quantity of more than 270 million silver dollars were melted and sold to the British. The Act authorized the replacement of each coin melted, leading to massive production of silver dollars from 1921 to 1926. The last few million coins required by the Act would be struck in 1927 and 1928.
The 1927 Peace Dollar is relatively available in lower uncirculated grades but becomes more difficult at the gem level and higher. Across the two major grading services, there have been more than 1,100 pieces graded MS64, about 400 pieces graded MS65, and a dozen pieces graded MS66 with none higher.
1927 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