1934 Peace Dollar Value
Mintage: 954,057
Finest Known: MS67 (NGC) MS67 (PCGS)
Auction Record: $108,000 (MS67)
Peace dollar production resumed in 1934 after six years, not from demand, but due to another silver law being passed. The Silver Purchase Act of 1934 ordered the Treasury Department to buy silver on the open market. These mandatory silver purchases had to be turned into coinage in order to back paper silver certificates, so Peace dollar production resumed.
Since no one had anticipated the need for silver dollars to be minted again, new obverse Peace dollar hubs had to be made. This meant that 1934 Peace dollars were generally well-struck.
Image: USA CoinBook
The Value of a 1934 Peace Dollar
The 1934 Peace dollar is not terribly expensive, given its small mintage. Good strikes mean that uncirculated examples are scarce, but not rare, up to MS64. Higher Gem uncirculated grades are relatively rare.
Since nearly no one preferred silver dollars over silver certificates, few 1934 Peace dollars circulated. Those that did, apparently didn’t circulate for long before taking up residence in government vaults. This has resulted in circulated examples being scarce, and mainly in the higher XF to AU grades.
1934 Peace Dollar Price Guide
| Very Fine | Extremely Fine | About Uncirculated |
|---|---|---|
| $44 | $52 | $85 |
| Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS67) |
|---|---|---|---|
| $170 | $285 | $975 | $108,000 |
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.