Exploring the Legacy of the 1922 Silver Dollar

The years of release always capture collectors the most, and the 1922 silver dollar is no exception. Introduced during the time of change a year prior, it might be honorably called the numismatic symbol of the Roaring Twenties, when the United States was going through a cultural and economic revolution. 

It was about transformation, new perspectives, ideas that overwhelm, and a bright future. As a symbol of optimism, the 1922 one dollar coin was never intended to endure without interruption, yet its long but fragmented history reflects the changes in American society and its numismatic evolution. So, which features identify this coin? Are there any errors to pay attention to, and what is the 1922 silver dollar value today? 

The Quick History of the 1922 Dollar Coin 

Let us delve into the history of the coin. The 1922 Peace dollar refers to the classic Peace Dollar series, released to commemorate the end of World War I and the hope for lasting peace. As such, it was designed by Anthony de Francisci, who positioned the iconic profile of Lady Liberty on the obverse and the eagle perched on a rock on the reverse.

Although the Peace Dollar was first struck in 1921, the 1922 coin was essential to the series' continuation, as it was the first year of full-scale production with no other official alternative on the market. As usual, the coin had been produced at the Philadelphia, Denver, and San Francisco Mints with the mintage figures being lower than one year before. 

The Peace Dollar series lasted until 1935, but at the beginning, it was a promising and finally revitalized instance that managed to become a well-cherished relic with enormously high value.

Design and Features of the 1922 Peace Dollar

The design of the 1922 Peace Dollar is as symbolic as it could be with the themes of peace and renewal vividly expressed there. The obverse of the 1922 Peace dollar showcases a profile of Lady Liberty wearing a crown of rays, designed by sculptor Anthony de Francisci. This reflects a modern, more youthful portrayal of Liberty, which was different from earlier, more classical representations.

The reverse design demonstrates a powerful eagle standing on a rock, holding an olive branch in its talons and keeping its wings spread. As for the rest of the characteristics, you can consult the comprehensive table below:

Mind that the 1922 Peace dollar was not a real high-relief coin, though it still carries the influence of the high-relief design of its 1921 predecessor. In 1921,  Lady Liberty's profile and the reverse eagle were elevated well above the coin's surface. Nevertheless, in order to enhance the minting process, guarantee more reliable strikes, and lessen production issues, the US Mint changed the design to a lower relief by 1922. The features were present, but the degree decreased.

Related article: 1974 Silver Dollar Value.

Errors and Varieties 

The 1922 Peace Dollar, like many coins, has several errors and variations that are of more or less great interest to collectors. Mint varieties come first. Since there were three major mint facilities responsible for the production of these coins, one may notice three types of peace dollars (which is obvious). Here are the approximate mintage figures for one to understand how scarce they could get: 

• Philadelphia: 51,737,000

• Denver: 10,180,000

• San Francisco: 19,020,000

As for the most interesting part of the varieties, i.e., the 1922 Peace dollar errors, there are a few types of flaws: 

Weak Strikes: Weak or incomplete strikes represent common issues with the 1922 coins, particularly those produced at the Denver Mint. This was generally caused by problems with the depth of the design and the minting procedure itself. In this case, the coins lack detail in critical places, such as the hair and facial features of Lady Liberty or the eagle's wings.

Die Cracks: These usually occur when a die begins to deteriorate from repeated use, appearing in various parts of the coin, often along the edges. 

Die Chips and Clashes: Another mistake observed in the 1922 series is die chips or die clashes, which develop when the dies collide during the minting process. Thus, there can be left additional marks or other imperfections on the coin's surface. 

How Much Is a 1922 Silver Dollar Worth? 

The 1922 peace dollar value is quite impressive. Even though it depends on the condition, mint marks, errors, and any other special attributes present on the surface, the common value range falls between $20 and $35 for circulated instances and $40 to $150 for uncirculated pieces. At auctions, however, higher-grade examples and those with certain elements can command significantly higher prices. 

How to Identify and Collect the 1922 Silver Dollar

We would not like to be trivial in this section. However, it is vital to introduce a tool that can make your numismatic experience a bit easier and more captivating. To identify and collect coins, try using Coin ID Scanner (an innovative app for numismatists) and follow these simple steps:

1. Prepare the Coin for Scanning: Ensure the coin is clean and free from dirt or excessive handling. Place the coin on a flat, well-lit surface for the camera to focus more effectively.

2. Set Up the Coin ID Scanner app: Open the Coin ID Scanner app and give all the permissions for the software to be able to employ your phone’s camera.

3. Scan the Coin: Position the coin in front of the camera and make sure it is aligned correctly. Do not be afraid to fail! The app is to give you instructions and recommendations before you take a snap. 

4. Review the Information: Once scanned, Coin ID Scanner will open the coin card that displays detailed information about the coin, including its authenticity, date, mint mark, background, etc.

5. Make Informed Decisions: Based on the information gathered, decide whether you wish to purchase, sell, or add the coin to your collection. This is how you may avoid making mistakes and make your collection thrive in the end!

6. Check Any Coin: You may use the app for every numismatic piece you want. Try to start with a 1953 Wheat penny, if you would like to. 

Should you be lucky to stumble upon this coin, remember: this coincidence may turn your collection into the most valuable asset you have ever possessed. So, stay cautious and engaged – chances will find you if you find them, too.

Sources: 

1. https://www.pcgs.com/coinfacts/coin/1922-1/7357 

2. https://en.wikipedia.org/wiki/Peace_dollar