The 1935-S Peace Dollar is a special coin in the world of numismatics (coin collecting). It marks the end of the Peace Dollar series at the San Francisco Mint, making it a highly sought-after collectible. In this guide, we’ll explore what makes this coin unique, its history, and its value to collectors today.
History of the 1935-S Peace Dollar
The 1935-S Peace Dollar was the last silver dollar made for circulation at the San Francisco Mint. It has a total mintage of 1,964,000 coins, which is higher than the 1935 coin made in Philadelphia, but the San Francisco version is still considered rarer overall. The coin features a stunning design created by Anthony de Francisci, with Lady Liberty on the front and a strong eagle on the back.
Despite being the last Peace Dollar made, the 1935-S has become highly collectible due to its scarcity and historical significance.
Four Rays vs. Three Rays: The Reverse Variety
An interesting detail about the 1935-S Peace Dollar is the difference in its reverse design. There are two versions of the coin: the “Three Rays” and the “Four Rays” varieties. This is because some coins were struck with an extra ray that extends from the eagle’s tail feathers. The “Four Rays” variety was discovered in 1939 by a collector named Olav Berghli. The coin with four rays is considered a more valuable collectible.
This variety is not difficult to find, and many collectors enjoy looking for high-quality examples of the “Four Rays” variety to add to their collections.
The Redfield Hoard and the Coin’s Market History
The 1935-S Peace Dollar became more widely known after being discovered in the Redfield Hoard, a collection of silver dollars found in the 1970s. While most of the hoard contained Morgan Dollars, there were also many Peace Dollars, including the 1935-S. These coins were sold in bulk to coin dealers and collectors in the following decades, which helped increase the awareness and value of the coin.
In fact, the 1935-S Peace Dollar was marketed in various ads from coin dealers in the 1970s, showing its importance in the coin market. Over time, as collectors sought out high-quality examples, prices for the 1935-S increased significantly.
The Value of the 1935-S Peace Dollar
The value of the 1935-S Peace Dollar can vary depending on its condition. Coins graded as MS66+ (a high-quality grade) have sold for anywhere from $5,000 to $20,000 or more. The presence of the “Four Rays” variety can also affect its value, as these coins tend to fetch higher prices.
Prices can also differ depending on factors like toning, condition, and whether the coin has been approved by respected grading agencies like PCGS, NGC, or CAC. For example, the NGC MS67 coin (one of the highest grades) has sold for as much as $27,600.
Collectors look for coins with the best possible condition, as this can significantly impact their value.
Coin Specifications
Here’s a table summarizing the key specifications of the 1935-S Peace Dollar:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1935 |
| Denomination | One Dollar (USD) |
| Mintmark | S (San Francisco) |
| Mintage | 1,964,000 |
| Alloy | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.10 mm |
| Edge | Reeded |
| Obverse Designer | Anthony de Francisci |
| Reverse Designer | Anthony de Francisci |
Why the 1935-S Peace Dollar Is Important
The 1935-S Peace Dollar is a fascinating piece of history for collectors. As the final silver dollar minted at the San Francisco Mint, it represents the end of an era for the Peace Dollar series. The variations in its reverse design, along with its presence in the Redfield Hoard, make it a coin of both historical and numismatic value. For collectors, this coin is more than just a piece of silver — it’s a rare treasure that tells the story of American coinage in the 1930s.
This coin continues to capture the interest of collectors due to its unique features, historical significance, and the potential for high returns on investment. Whether you’re a seasoned collector or just getting started, the 1935-S Peace Dollar is a coin worth paying attention to.
FAQ’s
What makes the 1935-S Peace Dollar valuable?
The 1935-S Peace Dollar is valuable due to its scarcity, especially in high-grade conditions. It was the last silver dollar struck at the San Francisco Mint and is sought after for its historical significance and collectible varieties, like the “Four Rays” variety.
What is the difference between the “Three Rays” and “Four Rays” varieties?
The “Three Rays” variety is the standard design, while the “Four Rays” variety features an extra ray extending from the eagle’s tail feathers. This variety is rarer and often more valuable among collectors.
How much is the 1935-S Peace Dollar worth?
The value of the 1935-S Peace Dollar can vary greatly depending on its condition and whether it is a “Four Rays” variety. Coins in high grades, like MS66+, can sell for anywhere between $5,000 to over $20,000, with some exceptional pieces fetching even more.