1935 S Peace Dollar – What’s it worth?

The 1935-S Peace Dollar is an important and popular coin among numismatists, as it holds the distinction of being the last circulating silver dollar minted in the United States before the release of the Eisenhower Dollar in 1971. The Peace Dollar series was minted from 1921 to 1935, and it was designed by Anthony de Francisci, an Italian-American sculptor.

1935 Peace Dollar (source)

The obverse of the 1935-S Peace Dollar features a left-facing portrait of Lady Liberty, wearing a radiant crown, inspired by the Statue of Liberty. The word “LIBERTY” is inscribed above her head, and the phrase “IN GOD WE TRVST” appears below her chin, with the date “1935” at the bottom. The reverse side of the coin showcases a perched bald eagle, facing left, with an olive branch in its talons. The words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are inscribed around the edge, along with the coin’s denomination, “ONE DOLLAR,” and the “S” mintmark, which indicates it was minted at the San Francisco Mint.

The 1935-S Peace Dollar is 90% silver and 10% copper, with a diameter of 38.1 mm and a weight of 26.73 grams. As the last year of the Peace Dollar series, it has a relatively low mintage of 1,964,000 coins. The rarity of higher-grade examples, particularly in uncirculated condition, makes this coin particularly sought after by collectors. The value of a 1935-S Peace Dollar varies depending on its condition, rarity, and market demand. In lower circulated grades, it may be worth around $30 to $50, while uncirculated examples can fetch significantly higher prices, with some reaching several hundred dollars or more.

How much is the 1935 S Peace Dollar Worth?

It all depends on the condition of the coin and the current state of the market. Here are some broad raged prices based on condition. Take these with a grain of salt however.

Here is a general value list for the 1935-S Peace Dollar based on its grade:

  1. Good (G-4): $30 – $35
  2. Very Good (VG-8): $35 – $40
  3. Fine (F-12): $40 – $45
  4. Very Fine (VF-20): $45 – $50
  5. Extremely Fine (EF-40/XF-40): $50 – $60
  6. About Uncirculated (AU-50): $60 – $75
  7. Uncirculated (MS-60): $85 – $100
  8. Choice Uncirculated (MS-63): $175 – $200
  9. Gem Uncirculated (MS-65): $600 – $1200
  10. Superb Gem Uncirculated (MS-67): $8,000 – $10,000 or higher

Keep in mind that these are only meant to be a rough guideline and can change over time. The actual value of a certain 1935-S Peace Dollar may vary based on factors like; eye appeal, luster, strike quality, and presence of any toning or surface marks.

1935 Silver Dollar Errors

Not many errors are found, but there are some that are known.

  1. Doubled Die: doubled die error, doubled lettering, numbers, or design elements on either the obverse or the reverse. Errors occur when the die used to strike the coin has been unintentionally doubled.
  2. Die Breaks and Cuds: When a portion of the die used to strike the coin breaks or cracks, leading to raised lines or blobs on the coin’s surface. A “cud” error occurs when a larger piece of the die breaks off, leaving a raised, unstruck area on the coin. Die breaks and cuds can appear on any coin, including the 1935-S Peace Dollar.
  3. Clipped Planchet: During the minting process, metal strips are punched out to create coin blanks or planchets. Occasionally, the punching process can overlap, resulting in a planchet with a straight or curved clip on its edge. A clipped planchet error on a 1935-S Peace Dollar can be an interesting addition to a collection and may carry a premium, depending on the size and location of the clip.
  4. Off-center Strikes: An off-center strike occurs when a coin is not properly aligned with the dies during the striking process. This results in a coin with an off-center design, where part of the design may be missing or distorted. Off-center errors on 1935-S Peace Dollars can range from minor to major misalignments, and their value typically increases with the severity of the off-center strike.

Error Examples

Double Die
Curved Clip Planchet (a type of clip)
Off center strike (source)