The 1924 silver dollar is a valuable and rare coin. But how rare, and what is the 1924 silver dollar value today?
The answer may surprise you! These coins were minted over 90 years ago and are becoming increasingly hard to find. In this blog post, we will take a closer look at the history and features of the 1924 silver dollar, as well as its current value on the collector’s market.
We will also take a look at some of the most common errors and varieties associated with this coin. So if you’re curious about your coin’s worth, keep reading!
1924 Silver Dollar Value
|Mint Mark||Good||Fine||Extremely Fine||Uncirculated|
|1924 No Mint Mark Silver Dollar||$25||$33||$43||$50-$174|
|1924 S Silver Dollar||$25||$33||$47||$250-$55,000|
History of the 1924 Silver Dollar
Before we look at this silver dollar’s features, let’s first uncover its rich history.
In the 1920s, the United States Mint decided to create a limited series of silver coins, which became known as the “Peace Dollar.” They were similar to the “Morgan Dollars,” which had been issued before them, from 1878 to 1904. In fact, the Peace Dollar’s design was loosely adapted from the Morgan Dollar.
The Peace Dollar was the first silver dollar released in the United States since 1904. It was created to commemorate the end of World War I, and it featured a portrait of Lady Liberty on one side and an eagle in flight on the other. We’ll look more at the design itself in a future section of this article.
It was designed by Anthony de Francisci and minted from 1921-1935. Francisci was an Italian-American sculptor who had previously created other works, such as the Washington Quarter. He is most well known for his work on the Peace Dollar, which is a beloved part of U.S. numismatic history.
The iconic design had been chosen through a competition that had been held in order to find an image for the new Peace Dollar project. The winning design, which ended up being Francisci’s, would embody a strong sense of peace and carry that message as a torch to the American public for years and years to come.
At the time it was minted, the 1924 silver dollar had a face value of one US Dollar and was circulated throughout much of America. However, it was only issued in limited quantities. And many have disappeared over time, making the 1924 silver dollar especially valuable to collectors because of the low quantities available.
While the 1935 silver dollar is the rarest and most valuable, the 1924 silver dollar isn’t too far behind!
Features of the 1924 Silver Dollar
Now let’s take a look at this coin’s features. It’s a beautiful coin with a simple and peaceful element to it. Let’s check it out in further detail.
The Obverse of the 1924 Silver Dollar
The obverse side is the front face of the coin. This coin features an elegant portrait of Lady Liberty wearing her iconic pointed crown on her head, while the loose ends of her hair blowing majestically in the breeze. There is a serene quality to her facial expression and relaxed jawline, as if to suggest that the nation had been through so much and was relieved to have endured with strength and dignity.
She is facing left, and The word “LIBERTY” curves over her head, while the year is stamped beneath her. “IN GOD WE TRUST” is written beside her, with “IN GOD WE” on her left, and “TRUST” on her right.
The Reverse of the 1924 Silver Dollar
On the reverse side is an eagle perched on a rock, its wings tucked in as a symbol of strength and peace. Behind the eagle are the sun’s rays rising from the horizon. The words “UNITED STATES OF AMERICA” are written at the top, while “E PLURIBUS UNUM” circles directly under the first phrase.
“ONE DOLLAR” is stamped in the middle of the coin, with “ONE” on one side of the eagle, and “DOLLAR” on the other. At the base, nearly hidden in the craggy rock design, is the word “PEACE.” If there is a mint mark, it is located beneath the word “ONE” beside the eagle’s tail feathers.
Also, to add to the coin’s beauty, the textured rim is fluted, adding charm to this already delightful coin.
Other Features of the 1924 Silver Dollar
Now that we’ve looked at the design on both the front and back of the silver dollar, let’s look at a few of its other main features.
Just like in the Morgan Dollars that came before these, the 1924 silver dollar (and all of the Peace Dollar coins) is made of 90% fine silver and 10% copper.
The mint mark can be found beside the eagle’s tail on the reverse side, just below the word “ONE.” The US Mint locations used to create the 1924 silver dollar include Philadelphia (no mint mark) and San Francisco (S).
Weight and Size
The 1924 silver dollar is a large coin, measuring 38.1 millimeters in diameter and weighing 26.73 grams (0.944 ounces).
1924 Silver Dollar Value Guides
So, what is the 1924 silver dollar value today? Depending on its condition and mint mark, its worth can vary. Let’s check it out in more detail!
1924 No Mint Mark Silver Dollar
The 1924 no mint mark silver dollar was minted at the Philadelphia location. There were 11,811,000 of these coins minted here.
The condition of this coin is important to its value, as it can range from Good to Fine to Extremely Fine. Lastly, there is the uncirculated coin, which is of course high quality.
According to the US Coin Book Estimated Value, typically, a 1924 silver dollar in Good condition will be worth around $25, which is surely a lot more than its one dollar face value! Additionally, a 1924 silver dollar in Fine condition will be worth around $33.
Lastly, the coins that are considered Extremely Fine fetch a price of around $43, and an average Uncirculated coin can have a value of up to $50. Those numbers alone are pretty impressive, but an uncirculated coin that is as near-mint as you can get is rated at $174!
1924 S Silver Dollar
The 1924 S silver dollar was minted at the San Francisco location. There were only 1,728,000 silver dollars minted here in 1924, so these particular coins are worth quite a bit more than their “no mint mark” counterparts.
The 1924 S silver dollar value also depends on condition, and will range from Good, Fine, to Extremely Fine and Uncirculated, just like those minted at the Philadelphia location.
A 1924 S silver dollar in Good condition will be worth around $25, whereas a 1924 S in Fine condition can fetch up to $33. An Extremely Fine example of the coin can have a value of up to $47.
Those are pretty great values, but the numbers skyrocket when you get into the Uncirculated condition coins. On the low end, an uncirculated 1924 S silver dollar will bring in a price of around $250.
But at its best price? How about a whopping $9,677 for a near-mint condition coin? Or even better, to date, the highest selling 1924 silver dollar in near-mint condition sold for around $55,000!
Metal Price Fluctuations
It should be noted that the value of the 1924 silver dollar could be affected by changes in the precious metals market. If the price of silver goes up, so too will the value of your coin.
1924 Silver Dollar Errors
It’s important to note that 1924 silver dollars can also be worth more if they contain errors or varieties.
As we discussed, the 1924 silver dollar is considered scarce and valuable amongst numismatists (coin collectors) due to its low mintage and limited availability in circulation. This is why some varieties of the coin (such as the rare “S” variety) are so highly sought after by collectors.
Error coins are also quite rare, but if you happen to come across one it may have an even higher value than a regular coin (especially if it is an “S” coin)!
1924 Silver Dollar Curved Clip Error
One such error on the 1924 silver dollar is a curved clip error. This happens when a piece of metal is cut away from the coin, resulting in a clipped shape out of the coin’s curved edge. Recently a 1924 silver dollar that had two curved clip errors surfaced, and it sold at auction for over $100.
1924 Silver Dollar Strikethrough Error
Another error found on the 1924 silver dollar is a strikethrough error. This occurs when a piece of something gets stuck between the dies during striking, resulting in a partially visible pattern across the face of the coin. This can cause the coin’s image to not be as strong or defined.
A 1924 silver dollar that had a strikethrough error in grease recently sold at auction for $48. Another strikethrough error sold for $55, a third sold for around $80, and a fourth sold for around $250!
1924 Silver Dollar Lamination Error
Additionally, a 1924 silver dollar may also have a lamination error. This happens when an impurity gets stuck between the layers of metal while it is being struck, and results in a “flaky” look on the coin’s surface. Recently, a few laminated 1924 silver dollars have sold at auction.
One sold at auction for around $50. Another (very damaged) laminated error coin from 1924 sold for $75. It is believed to have sold for more, even though it was far more damaged, because of its “S” mint mark, adding to the coin’s rarity.
Lastly, a third 1924 coin with a lamination error sold at auction, this one for an impressive $400, due to its pristine condition!
1924 Silver Dollar Broken Die Error
Lastly, a 1924 silver dollar may also contain a broken die error. This is when the die used to strike the coin gets cracked or broken and results in cracked design on the face of the coin, either the obverse or reverse or both.
Recently, at least two 1924 silver dollars with a broken die error surfaced – they were both nicknamed the Broken Wing because the crack cut jaggedly across the eagle’s wing on the reverse of the coins. One sold at auction for around $55, while the other sold for about $150!
To wrap up about the beautiful 1924 silver dollar Peace Dollar, here are some of the most frequently asked questions about this U.S. coin:
What is the Value of a 1924 Silver Dollar?
The value of a 1924 silver dollar can vary depending on its condition, error or variety, and if it has an “S” mint mark. In general, though, these coins are quite valuable, ranging from as low as $25 in Good condition up to several hundred dollars (or even thousands of dollars!) depending on the rarity and condition of the coin.
What is the Most Rare Peace Dollar Coin?
The rarest and most valuable Peace Dollar coin is the 1934 “S” silver dollar, which was minted in San Francisco. This coin is quite hard to come by and can fetch up to thousands of dollars depending on its condition. Additionally, any errors or varieties on this coin will also add to its value.
Only second to this coin is the 1924 “S” silver dollar that we know and love.
In conclusion, the 1924 silver dollar is an incredibly valuable coin that is highly sought after by collectors due to its low mintage, limited availability, and potential for errors and varieties. With a variety of conditions available ranging from Good to Extremely Fine to Uncirculated, this Peace Dollar made of fine silver is sure to make any collection stand out!
So if you’re looking for a rare and valuable coin to add to your collection, the 1924 silver dollar may be the perfect choice. Good luck!
Have you ever considered collecting the 1924 silver dollar? What do you think of this valuable U.S. coin? Let us know in the comments below!