Love Peace 1935 S

I love the reverse. Haven't seen one with everything gone But the eagle. I don't think it's worth anything more then Melt Value. VF detail is booked at $22.

Hi LeAnn,
I don't have a grading guide handy, but for most US coins you need complete rims to earn a VG grade. Your dollar has a nice strong rim on both sides and quite a bit of detail remaining on Liberty. The obverse might deserve a Fine grade. The reverse is weaker but I estimate this is a solid VG overall.
You don't see many Peace dollars worn to this extent. Maybe it should be worth a premium. I bet a VG is way less common than a VF or EF example!

LeAnn,
I was joshing you! . What I meant was that there are darn few Peace dollars that got worn down to VG grade.
Silver dollars in general tended to spend more time in bank vaults than in circulation. The Treasury Department started releasing their stockpile of uncirculated dollars from Treasury vaults in the early 1960's. Suddenly there were thousands of mint-state coins available for many dates. The General Services Administration (GSA) also sold around 2 million Carson City dollars to the public, mostly dated 1882, 1883, and 1884. All of these coins were in uncirculated condition. These uncs vastly outnumber the coins that actually did circulate. Therefore, the worn coins are more scarce than the uncs! Of course, that doesn't mean they are more valuable. Collectors almost always prefer higher-grade coins and pay more for them.
I imagine only a small minority of existing 1935-S Peace dollars would grade as low as VG. Most would likely grade at least VF and there are probably thousands of uncirculated examples out there. Your coin isn't really worth a premium price, but as a VG example it's definitely "rare" compared to all those higher grade coins.