The History of the Peace Dollar, part 2

1922 Peace Dollar

1922 Peace Dollar

The new coin was put on a very tight production schedule. Baker asked for a few small design changes, which de Francisci made, and the obverse and reverse designs were presented to President Harding. Harding asked that a small dot be removed from Lady Liberty’s face because he thought it looked like an inappropriate dimple. De Francisci removed the dot, and the coin went into production.

The History of the Peace Dollar

1922 Peace Dollar

1922 Peace Dollar

In the late 1800’s and early 1900’s, the Bland-Allison Act and the Sherman Silver Purchase Act had required the United States government to buy large amounts of silver every year to help the struggling western mining states. According to law, this silver was to be coined into silver dollars, and the Morgan Silver Dollar was designed and put into production. The Sherman Act was repealed in 1893. The government’s supply of purchased silver lasted eleven more years, but after 1904 the production of Morgan Silver Dollars stopped.

Peace Dollar — Obverse (Front) Side

1922 Peace Dollar

1922 Peace Dollar

  • The profile on the obverse (front) side of the coin is Lady Liberty. The spiked crown that she wears is purposely reminiscent of the crown worn by the Statue of Liberty.
  • The word “LIBERTY” stretches above Lady Liberty’s head, passing behind the spikes of her crown.

Peace Dollar — Reverse Side

1922 Peace Dollar

1922 Peace Dollar

  • The highlight of the reverse side of the coin is an American eagle clutching an olive branch (to symbolize peace). Originally the eagle was perching on a broken sword, but the sword proved to be very controversial and was removed from the final design.
  • “UNITED STATES OF AMERICA” and the motto “E PLURIBUS UNUM” stretch across the top of the eagle.