1922 Silver Dollar Value, History and Guide to the Peace Coin


The 1922 Silver dollar value and history are significant for any rare coin hunter.

They’re also an essential part of any commemorative coin set.

Many coin enthusiasts will collect a silver dollar from every year, and 1922 may be one of the most important.

The great news is that most of these aesthetically beautiful and significant coins are attainable and affordable for the average collector. 

1922 silver dollar value
“In God We Trvst”

The 1922 Silver Dollar

In 1922, around 51,275,000 Peace Silver Dollar coins were minted, replacing the Morgan dollar from 1921.

Just a few years after the Pittman Act passed as federal law authorizing the conversion of silver dollars into bullion.

1922 marked the highest peace dollar production year in American history

Almost 45% of Peace Silver Dollars ever minted were made in 1922.

Peace-Dollar-Type-2-1922-D-Obverse TRVST
Some might think the “TRVST” is a spelling error, but its the Latin word for “Trust.”

The Coinage Act

In the mid-60s, most 1922 silver dollar coins were destroyed as part of the Coinage Act, making 1922 a key date for coin collectors and numismatists.

However, even though only 17% of silver coins still exist today, their numbers are still huge.

According to estimates, over 15 million coins still exist –

reeded edge 1922 silver dollar
The reeded edge of the 1922 Liberty dollar.
  • Philadelphia Mint created over 51 million coins, and 10 million still exist. There is no U.S. Mint mark from Philadelphia.
  • The Denver Mint created 15 million 1922-D U.S. coins. 3 million still exist.
  • The San Francisco Mint created over 17 million 1922-S coins. 2 million still exist.

1922 Liberty Silver Dollar Trust Misspelled Value

On the obverse, the stamped words are “Liberty; In God We Trvst.” The word “Trvst” is the Latin spelling of “Trust.”

The reverse text is “United States of America; E Pluribus Unum; One Dollar; Peace.”

1922 peace silver dollars

How Many 1922 Silver Dollars Were Made?

Production numbers for the 1922 silver dollar were enormous. It was the most common mintage date for silver dollar production ever.

Over 84 million 1922 silver dollar coins were struck between the three US Mints.

But since they were struck with 90% silver content, the coin’s value holds up nicely.

The coins weighed 26.73 grams and included .77344 troy ounces of silver.

The U.S. Mint began devising a new Peace design for silver dollars to commemorate peace after WWI.

After the popular Morgan silver dollar design of the late 1800s, the mint wanted a great design.

A brief history of the beautiful 1922 silver dollar peace coin.


Who Designed the 1922 Silver Dollar?

The chosen designer was sculptor Anthony de Francisci.

Initially, he used the high-relief method, but the design caused many dies to break under increased stress.

As a result, the U.S. Mint made some changes, and coins produced from February 1922 to 1935 were made in low relief.

The reverse includes a bald eagle holding an olive branch and the word “ONE DOLLAR” across the coin.

1922 liberty silver dollar trust misspelled value

Who is on the Front of the Peace Dollar?

On the front of the coin, Lady Liberty wears a crown of spiked rays, similar to the crown on the Statue of Liberty.

Modeling for the Peace coin was Teresa de Francisci, the wife of the coin’s designer.

With time running out in the design contest for the new 1922 silver dollar design, Anthony de Francisci asked his wife to pose for the Obverse of Lady Liberty.

With the windows open so her hair could blow in the wind, Francisci sculped a mold of his wife and won the design contest, taking home a $1,500 cash prize and a spot in U.S. coin history.

How Much is a 1922 Silver Dollar Worth?

Most 1922 silver dollars are valued between $30 to $60, with a few notable coin exceptions.

Production was only 35,400 coins in high relief, and they were eventually melted.

That left only 10 to 12 high-relief proof coins, which sell for over $100,000.

And there is one 1922 silver dollar high-relief non-proof coin. One single coin. Its value could easily be several hundred thousand dollars.

That’s big money for incredibly rare precious metals that will never be reproduced.

1922-high-relief-peace-silver-dollar heads
The high relief Peace Dollar from the Philadelphia Mint is extremely rare and valuable. This coin in PR-65 condition sold for $141,000.
1922-high-relief-peace-silver-dollar heads
Reverse of the silver dollar

1922 Silver Dollar, Normal Relief, No Mint Mark (Philadelphia) PR-65 – $84,000

1922 Silver Dollar, High Relief, No Mint Mark (Philadelphia) PR-65 – $141,000

1922-D Silver Dollar, MS-65 – $700

1922-S Silver Dollar, MS-65 – $2,600

1922 Silver Dollar Details

  • Type: Peace Dollar
  • Year: 1922
  • Face Value: $1.00
  • Composition: 90% silver, 10% copper
  • Silver Weight: .77344 oz.
  • Total Weight: 26.73 grams
  • Current Silver Bullion Melt Value: $18.12
1922 silver dollar reverse

There were three types of 1922 silver dollar minted.

1 – No Mint Mark

Initially, peace dollars were struck with high relief design, meaning the images stand out more and are more detailed.

This includes two varieties: the high relief peace dollar and the normal relief variety.

However, 35,401 high-relief silver dollars were minted in 1922, and most of them were melted down.

Coins that survived are rare and valuable.

1922 silver dollar obverse

2 – With a Mint Mark

This includes the 1922 D silver dollar and the 1922 S silver dollar.

The mint mark, when present, can be found on the reverse side of the coin, below the word “ONE.”

  • The 1922 D silver dollar is worth around $50 in excellent condition. In extremely fine condition, the silver dollar value is about $80. In uncirculated conditions, the price is approximately $100 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $500.
  • The 1922 S silver dollar is worth around $60 in excellent condition. In extremely fine condition, the value is about $70. In uncirculated condition, the price is approximately $90 for coins with an MS 60 grade. Uncirculated coins in mint state with a grade of MS 65 can sell for around $1,250.
1922-d-peace-silver-dollar heads
1922-D Peace Silver Dollar
1922-D Peace Silver Dollar
1922-D Peace Silver Dollar

1922 Silver Peace Dollar Error Coins

Several common errors on the Peace dollar are the Die Break, Ear Ring, and the Clipped Planchet.

The Die Break Error

As the die that strikes each coin wears out over time, it cracks. Sometimes, mint workers only realized the die cracked once it was too late.

One error coin on the 1922 silver dollar includes a metal blob just below the eagle’s right side on the reverse side.

Die error coins in good condition can be extremely valuable.

The Ear Ring Error

Another error coin resulted from a deteriorating die below the ear of Lady Liberty.

Collectors refer to this error coin as the “Ear Ring.”

The Clipped Planchet Error

When a coin blank is punched incorrectly from the metal sheet, you get a clipped planchet.

These errors come in a variety of shapes and sizes, with varying degrees of damage to the edge of the coin.

Once discovered in circulation, error coins can be submitted for grading and authentication.

1922 silver dollar weight

Peace Coins for Collectors

The 1922 Silver dollar value and history are essential for any rare coin hunter and expert numismatics.

They’re also a necessary part of any commemorative coin collection set.

Many coin enthusiasts will collect a silver dollar from every year, and the 1922 may be one of the most important.

The great news is that most of these aesthetically beautiful and significant coins with plenty of luster are attainable and affordable for the average collector. 

Rare Coin Grading Scale

If you want to sell your 1922 Peace silver dollar, you should have it graded by NGC or PCGS.

Professionals use the PR scale for evaluating rare coins and separating the best coins from the crowd.

Poor Condition

  • (P – 1) A coin that is nearly unidentifiable. Only super-rare coins will have any value at all.

About Good Condition

  • (AG – 3) – Worn rims and flat with hardly any detail remaining.

Good Condition

  • Good (G-4) – Extreme wear on the coin but the rims remain intact.
1922 silver dollar liberty

Very Good Condition

  • (VG-8) – The primary features of the coin are clear and crisp, while the other areas are worn. Higher grades will have bold and clear design features.

Fine Condition

  • (F-12) – Only moderate wear but the design features are clean and bold.

Very Fine Condition

  • (VF-20) – Just the highest points of the coin show wear, all other areas are clean and crisp.
1922 silver dollar value

Extremely Fine Condition

  • (EF-40) – Just light wear on the design of the coin.
  • MS 60 uncirculated (MS-60) – Mint State and uncirculated, possible marks on design.
  • MS 65 gem uncirculated (MS-65) – Mint State and uncirculated, very few marks.

Perfect Condition

  • (MS-70) – Factors designating an MS70 grade are no visible marks, and nearly perfect. Almost never used except to grade the absolute finest coins.

Let’s Get a Deeper Understanding of the 1922 Silver Dollar Value –

So Far, We Know That –

  • 52 million Peace silver dollar coins were minted in 1922, finally replacing the Morgan dollar coin.
  • Most 1922 silver dollars were melted down in the mid-1960s by order of the Coinage Act.
  • The most valuable 1922 Peace silver dollar coin was graded in MS67 condition and sold for $90,000.

But There’s More to the 1922 Peace Dollar Coin –

  • For serious collectors, the 1922-S Peace dollar coin in MS66 condition is a highly rare coin. Only 28 known examples exist in “66” grade, with none finer coming from the San Francisco Mint.
  • For collectors on a budget, the MS63 graded “S” coin is the most common, with 2,535 coins registered in such condition. You can find these coins on eBay. Usually, they trade hands at about $70 each.
  • There are over 8,200 NGC graded 1922-S Peace silver dollar coins. If you have a Peace coin and are considering having it graded, it will cost a minimum of $40 for any coin valued at less than $3,000.
  • Of the 1922-D silver dollars, there are only two coins in MS67+ condition. One of these coins sold for $36,000 at a 2022 Heritage Auction.
  • Of the 44 Peace coins in MS67 condition minted in 1922 at the Philadelphia Mint, prices are as high as $6,300 from a sale in 2021.
  • The Philadelphia Minted 1922 Peace dollar is the most common in graded condition, with an astounding 234,000 coins graded by Numismatic Guaranty Company (NGC). Beginner coin collectors should be able to find great deals with the MS63 (no mint mark) Philadelphia Peace coin.

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