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The Peace dollar was released into circulation on January 3, 1922. [39] In common with all silver and copper-nickel dollar coins [40] struck from 1840 to 1978, the Peace dollar had a diameter of 1.5 inches (38 mm), which was larger than the Mint's subsequently struck modern dollar coins.
It may seem less significant now, but a century ago World War I was known as the "war to end all wars" because of its vicious and deadly battles. Obviously, that prediction fell short of the mark ...
The mint made the coins, placed them in their vaults, and issued the Silver Certificates instead. This is the reason so many Morgan and Peace dollars can be purchased in AU or UNC condition (near perfect) since they sat in bank or U.S. Treasury vaults most of the time. Each Seated Liberty dollar is composed of 0.77344 troy oz of silver.
The Top 100 Morgan Dollar Varieties: The VAM Keys 4th Edition (4th ed.). Port Charlotte, Florida: Rare Coin Investments. p. 200. ISBN 978-0965364553. Van Allen, Leroy C.; Mallis, George (1977). The Comprehensive Catalogue and Encyclopedia of U. S. Morgan and Peace Silver Dollars. New York, New Yok: Arco publishing. p. 316. ISBN 9780668040211
Made of 95% copper and 5% tin and zinc alloy, it sold for $1.7 million in 2010 but is valued at $2.3 million in mint uncirculated condition. More recently, it went for $840,000 at an auction.
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