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$50.14
The Peace dollar replaced the Morgan in 1921 and shares its exact specifications — 26.73 g at .900 fine — so the two carry identical silver content.
Prices last updated
The 1928 Philadelphia issue and the 1934-S are the key dates, both worth many times melt. The high-relief 1921 also carries a strong premium.
| Total weight | 26.73 g |
|---|---|
| Fineness | .900 (90%) |
| Pure silver content | 24.057 g (0.7735 ozt) |
| Years struck | 1921–1928, 1934–1935 |
| Country | United States |
| Face value | $1 |
Struck to mark the end of the First World War, the Peace dollar ran in two blocks either side of a nine-year gap. Because the weight and fineness match the Morgan, the two are interchangeable for melt purposes and dealers usually quote them together.
Its melt value is about $50.14, based on 0.7735 troy ounces (24.057 g) of pure silver at a spot price of $64.83 per troy ounce. That is the metal content only — the coin may be worth considerably more to a collector.
The coin weighs 26.73 g in total and is 90% fine (.900), so it contains 24.057 g of pure silver — 0.7735 troy ounces.
Not exactly. Melt value is the raw metal content at spot. Scrap buyers and refiners typically pay 80–95% of melt to cover refining and margin, while recognised bullion coins and collectable dates usually sell for more than melt, not less. Melt is best treated as the floor under a coin’s price.