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A leading collector of his time, Farran Zerbe,
proposed in 1920 at the annual convention of the American
Numismatic Association,
that a new coin be issued commemorating peace and the end of the Great
War (we call it today World War I).
By December 1921, Zerbe’s proposal was realized in the form of the
Peace Dollar. The designer of the new silver dollar was Anthony De
Francisci. It was the designer’s wife, Theresa, who sat as the model
for Miss Liberty.
Some in the public were quick to point out that
on the obverse, the
letter U in TRUST appeared as a V (a feature that causes many
inexperienced collectors to think they found an error coin), while on
the reverse, the letter U appeared as one would expect.
Nevertheless, with the passage of time, the Peace Dollar went on to
become one of the most appreciated coins in the spectrum of United
States numismatics.
The key date most readily identified with the Peace Dollar is the 1928.
Only 360,649 were minted, by far the lowest in the series. Many
collectors enjoy the Peace Dollar because of its beauty, relatively
short run (1921-1935), and availability.
The major obstacle to completing a set is the 1928, so it’s a safe bet
it will continue to
rise in value in the years to come.
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