The 1922-S Peace Dollar is worth anywhere from $25 in heavily worn condition to over $500 or more in high mint state grades — and if you’ve got one sitting in an old jar or collection, it’s definitely worth a closer look.
What Is the 1922-S Peace Dollar?
The 1922-S Peace Dollar is a 90% silver coin minted at the San Francisco Mint — that “S” mintmark is the key detail. It was struck during a short but meaningful era in U.S. coin history, right after World War I, when the Peace Dollar design was introduced as a symbol of hope and tranquility.
The coin features a portrait of Lady Liberty on the obverse and a perched eagle on the reverse, with the word “PEACE” inscribed below. It was designed by sculptor Anthony de Francisci, and it remains one of the most beautiful coins the U.S. Mint ever produced.
If you’re not sure whether your coin has an “S,” flip it over and check just above the “DO” in “DOLLAR” on the reverse side. The mintmark is small but important — it directly affects the coin’s value.
Using a coin identifier and value app is one of the easiest ways to confirm what you have and get a quick estimate of what it might be worth before you do anything else.
How Much Is the 1922-S Peace Dollar Worth Today
The value of your 1922-S Peace Dollar depends heavily on its condition, also known as its grade. Collectors use a scale from Poor (P-1) to Perfect Mint State (MS-70), and even a small difference in grade can mean a big jump in price.
In circulated condition — meaning the coin has been used as money and shows some wear — most 1922-S Peace Dollars are worth somewhere between $25 and $60. That’s mostly for the silver content alone, which fluctuates with the silver spot price.
Once you move into uncirculated (mint state) territory, things get much more exciting. You can explore detailed 1922-S Peace Dollar mint state price data to see exactly how much certified examples have sold for at auction. High-grade examples in MS-65 or above can fetch hundreds of dollars, and top-pop coins have broken the $1,000 barrier.
| Grade | Condition | Estimated Value |
|---|---|---|
| G-4 (Good) | Heavy wear, design visible | $25 – $30 |
| VF-20 (Very Fine) | Moderate wear, details clear | $35 – $50 |
| EF-40 (Extremely Fine) | Light wear on high points | $55 – $75 |
| AU-55 (About Uncirculated) | Slight wear, mostly luster | $80 – $120 |
| MS-63 (Mint State) | Uncirculated, minor blemishes | $150 – $250 |
| MS-65 (Gem Mint State) | Uncirculated, sharp strike | $400 – $600+ |
Is the 1922-S Peace Dollar Rare or Common
The 1922-S had a mintage of about 17.4 million coins — so it’s not considered rare in lower grades. You’ll find plenty of circulated examples at coin shows and online for modest prices.
That said, finding a gem-quality example is a different story. Many 1922-S Peace Dollars were poorly struck, meaning the details on Liberty’s hair and the eagle’s feathers may look soft or flat even on uncirculated coins. A sharply struck, fully lustrous MS-65 or higher is genuinely hard to come by.
This is one of those coins where condition really matters. A coin that looks like “just a silver dollar” to an untrained eye might be worth $30 — or it might be worth $400 if the surfaces are pristine. That’s why getting an accurate read on your coin’s condition is so important before selling.
If you want an easy way to check what your coin might be worth right now, CoinHix offers up-to-date price data based on real auction results — it’s one of the best free tools available for everyday collectors.
How to Get Your 1922-S Peace Dollar Appraised
If you think your coin might be in better condition, it’s worth getting a professional opinion. The two main coin grading services in the U.S. are PCGS and NGC. For a fee, they’ll grade your coin, seal it in a tamper-proof holder, and assign it an official grade — which can significantly increase its resale value and buyer confidence.
For coins you believe might be in the MS-63 range or higher, professional grading almost always pays for itself.
You can also start with a free digital estimate. CoinHix lets you look up recent sales data for the 1922-S Peace Dollar by grade, so you can get a realistic ballpark before spending money on grading fees.
For a broader overview, check out this 1922 silver dollar value breakdown that covers all mint varieties, including the Philadelphia and Denver issues, so you can see how the “S” mint compares.
Tips for Selling Your 1922-S Peace Dollar
If you’re ready to sell, you have a few solid options. Online auction platforms like eBay are popular and reach a wide audience, but you’ll pay seller fees and deal with shipping. Local coin dealers offer convenience but may offer less than market value since they need a margin to resell.
Coin shows are another great option — you can get multiple offers in one afternoon and compare them on the spot.
No matter where you sell, knowing your coin’s condition and current market value gives you real negotiating power. Apps like CoinHix make it easy to walk into any deal with confidence, armed with real price data from recent sales.
And if you’re unsure what you have, start with a free coin identification tool before anything else — you might be surprised what’s hiding in that old coin jar.
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Frequently Asked Questions
Q: How do I know if my Peace Dollar is the 1922-S or another mint?
A: Flip the coin to the reverse side and look just above the “DO” in “DOLLAR.” A small letter “S” means it was minted in San Francisco. No letter means Philadelphia, and a “D” means Denver.
Q: Is the 1922-S Peace Dollar made of real silver?
A: Yes. All Peace Dollars, including the 1922-S, are 90% silver and 10% copper. Each coin contains about 0.7734 troy ounces of pure silver, so even a worn example has real melt value tied to the current silver price.
Q: Should I clean my 1922-S Peace Dollar before selling it?
A: Absolutely not. Cleaning a coin — even gently — removes the original surface and luster, which dramatically reduces its collector value. A naturally toned or even dirty coin is far more valuable to collectors than one that has been polished or wiped down.