The value of a 1924 one dollar coin (Peace Dollar) can vary significantly depending on several factors, primarily its condition (grade) and whether it was minted in Philadelphia (no mint mark) or San Francisco (‘S’ mint mark).
- Condition/Grade: A coin’s grade, reflecting its state of preservation and wear, is a crucial determinant of its value.
– Uncirculated (Mint State): Coins in pristine, uncirculated condition, showing no signs of wear, command the highest prices.
– Circulated: Coins that have been in circulation and exhibit signs of wear will be less valuable than uncirculated specimens.
- Mint Mark: The mint where the coin was produced significantly impacts its value.
– Philadelphia (no mint mark): Generally more common than San Francisco minted coins.
– San Francisco (‘S’ mint mark): Considered a semi-key date, with fewer surviving examples, resulting in higher values, especially in higher grades.
- Rarity/Mintage: The total number of coins produced (mintage) and the number of surviving examples (rarity) influence value.
- Metal Content: 1924 Peace dollars are 90% silver, and their melt value is tied to the current price of silver, [according to Provident Metals] [and BOLD Precious Metals].
Based on information available in August 2025:
- 1924 (Philadelphia Mint):
– Circulated condition: Worth between $41 and $50.
– Uncirculated (Mint State-60): Around $45.
– Uncirculated (Mint State-65): Around $210.
– Uncirculated (Mint State-68): Up to $50,000.
– [According to NGC] , a 1924 Peace Dollar in circulated condition is worth between $41 and $50.
- 1924-S (San Francisco Mint):
– Circulated condition: Worth between $41.50 and $220.
– Uncirculated (Mint State-60): Commands a figure of about $300.
– Uncirculated (Mint State-64): Sells for around $1,000.
– Uncirculated (Mint State-66): Can sell for as much as $40,000.
– [According to NGC] , a Peace Dollar from 1924 in circulated condition is worth between $41.50 and $220.
It’s important to note that these are estimates, and actual prices may vary based on market conditions and the specific dealer or auction. To obtain an accurate valuation, it is recommended to have your coin professionally graded and appraised by a reputable coin dealer or grading service.
What makes a 1924 Peace dollar rare?
As stated previously, Peace dollars were only made for a limited time and in limited quantities. The 1924 edition is sought after by coin collectors due to its historical significance, silver content and aesthetics. Because of these factors, the price for this coin regularly exceeds $30.
How to tell if a 1 dollar coin is rare?
To ensure your coin is rare, check for minting errors, such as double strikes or planchet flaws, unique designs, or limited editions. The 2007 Sacagawea Dollar, with Edge Lettering, accidentally featuring a Presidential coin’s edge design, is exceptionally valuable due to its rarity, with only one known to exist.