Peace Dollars were first struck at the Philadelphia mint in 1921. They were issued yearly until 1928, but when the financial markets crashed in 1929 production ceased. In 1934 with the economy beginning to recover, Peace Silver Dollars were again released for circulation. In 1935 The mint again stopped production, this time for good, as no silver dollars were ever struck for circulation again.
The Peace Dollar was designed by Anthony de Francisci and the coins were struck at all three mints, though Philadelphia was the only mint to issue them for the entire series run. Peace Dollars were struck in 90% silver and weight 26.73 grams.
The word "dollar" comes from the German "Thaler," the name given to the first large size European silver coins. These coins became so popular that in the 16th century many other countries began issuing similar coins. The Spanish Dollar, or piece of eight, was widely circulated in the American Colonies, so it was only natural the the "dollar" was officially adopted as the standard monetary unit for the United States. Peace silver dollars have been a favorite of collectors for well over 50 years and their popularity continues to grow year by year.