Why No Love For The Peace Dollar?

Several reasons why Peace dollars seem to come off a poor second to the Morgans.

1 - Prohibition & gangster association just doesn't have the mystique that the Old West commands.

2 - Limited duration of time over which they were made, and a lack of really distinctive varieties, coupled paradoxically with many dates being produced (and surviving) in enormous quantities.

3 - High rates of production resulting in a majority of them being incompletely and weakly struck, and therefore not nearly so visually appealing as they otherwise might've been.

Not a terribly inspired design combined with poor quality strikes.

If your asking me for my personal opinion then I have to say I don't have a single Peace dollar in my collection . I simply don't like the design and coins reverse always seems to be weakly struck .

#2, apples to oranges, no true comparison to be made. #1, Peace dollars were meant to keep the silver mines flourishing, which during the early 1900's suffered big losses with the end of production in 1904 of the Morgan. Politics intervened in 1919 to reissue the Morgan, but then had to be changed to Peace design. This was to boost the silver market but by that time, Americans were too used to the paper dollars and, one dollar just didn't have the buying power after WW1. Then hit financial crisis(long before the crash of '29 and Depression) that spelled doom to lots of big silvers in a pocket. The coffin nail for Precious Metals in 1932/33 with the gubmint reclamation and illegal decrees of criminality for private gold ownership, further capped any realistic use of the large silver dollar by 1934. Further gubmint regulation upon the mining industry basically folded those private businesses up. To abet the massive loss of mine jobs, the CCC Civilian Conservation Corps had been formed to build roads and hydroelectric dams giving these displaced miners jobs.

1. Uncalled for.
2. There are plenty of cc's, see #1.
3. Too many look like that.That weak soft strike makes it very difficult for non-specialists to determine the grade of these things.

I'm just the opposite. Love Peace. Tolerate Morgan's.

Peace are scary because they are much more difficult to grade. That is compounded by the large areas of open space and fields that makes every distraction more noticeable.

A well struck Peace is a rarity for any date. That known, when one becomes available it is often easy to obtain at a "common strike" price.

Walkers are very much the same for rarity in strong strikes but that doesn't keep collectors from loving them. The same should be true for Peace.

Keep in mind that attractive toning is also rare and it would take a lifetime to acquire a nicely toned set of Peace.

Last, because hits are so obvious it is difficult to find them in less than 64 that are still attractive.

Well they were meant to keep the silver mines flourishing, but the end of production of the Morgan had nothing to do with hurting the silver mines. Silver purchases to be struck into Morgan dollars ended in 1893. All the silver dollars struck from 1894 through 1904 were struck using silver purchased under the Sherman silver purchase act of 1890 which was repealed in 1893. Politics were the reason for the return of the silver dollars but it was in 1918 not 1919. Under the terms of the Pittman silver act of 1918, which melted down 250 million Morgan dollars, all the coins melted down had to be replaced using newly purchased silver. The coining of replacements began in 1921 well before the piece dollar was authorized, so they were made with the Morgan design. Piece dollar was a rush design because the intention was to have a dollar commemorating the end of the first world war, and to have it struck in the same year that the peace treaty was signed. The peace treaty was signed in late November 1921. Designs had to be created, models made, hubs made, dies made, and production begun before the end of December. They barely made it. Coinage of the 1921 piece dollar began on December 28, 1921.