The value of a 1922 US Peace Dollar coin depends on several factors, primarily its condition (grade) and where it was minted (mint mark).
Here’s a summary of the worth based on the mint mark and condition:
- No Mint Mark (Philadelphia Mint): Most common. Circulated coins are generally worth near their silver melt value, which was $29.45 as of August 16, 2025. However, some sources suggest a value between $15 and $30 for most coins in good condition, [according to Hero Bullion] . Uncirculated examples in pristine condition can reach as high as $7,000.
- “D” Mint Mark (Denver Mint): Rarer than the Philadelphia issue, with about 15 million minted compared to over 50 million at Philadelphia. Circulated coins are worth slightly more, with values ranging from $30 to $40. Uncirculated specimens can reach values up to $20,000.
- “S” Mint Mark (San Francisco Mint): Also rarer than the Philadelphia issue, but more common than the Denver Mint mark. Circulated coins range in value from $30 to $39. High-grade uncirculated coins can be quite valuable, with some sources listing them at up to $40,000 in pristine, uncirculated condition.
The condition of a coin is assessed using a grading scale, typically the Sheldon Grading Scale, which ranges from 1 (Poor) to 70 (Perfect Mint State).
Generally, the better the condition, the higher the value:
- Circulated: Coins show signs of wear from use. These are typically worth less than their uncirculated counterparts.
- Uncirculated (Mint State – MS): Coins that have not been in circulation and retain their original luster and details. These are significantly more valuable, especially in higher grades like MS65 or higher.
For example, a 1922 Philadelphia Peace Dollar in Good (G4) condition might be worth $30-$35, while an MS65+ example could be worth $200-$500+. An MS67 example of a Philadelphia mint 1922 Peace Dollar sold for $7,000.
- Errors: Rare minting errors like doubled dies, off-center strikes, or planchet flaws can dramatically increase a coin’s value, potentially reaching hundreds of thousands of dollars.
- Demand: Popular coins like the Peace dollar, particularly the key dates or those with significant historical context, tend to be more valuable due to collector interest.
Important note: It is recommended to have a coin professionally graded by a reputable service like PCGS or NGC for an accurate assessment of its value. The information provided here is for general guidance and the actual market value may vary depending on various factors.
What makes the 1922 Peace Dollar so valuable?
The coin’s beautiful designs, high silver content, and collectable value makes it a great addition to any collection. For some collectors, the 1922 Peace Dollar represents the very best of this beloved coin series.