What is the Peace Dollar?

The Peace dollar was created as a symbol of peace after World War I.
After World War I, America was experiencing an economic boom and needed silver coins to replace all the Morgan dollars that were melted down due to the Pittman Act. The Pittman Act was passed to authorize the United States to sell silver to Britain to help calm fears that there was not enough silver redeemable for British currency.
During World War I, Germany was trying to destabilize Britain by spreading rumors that British currency could not be redeemed for silver. These rumors caused the price of silver to rise and risked damaging the British economy. Britain asked the United States to sell them silver. Congress passed the Pittman Act in 1918 which gave America the authority to sell silver to Britain.
The Peace dollar is a silver dollar coin minted by the US mint to commemorate the end of World War I. The peace dollar is 90% silver and 10% copper. The design is the result of a competition. The obverse, or front, of the coin features a portrait of Lady Liberty. The word “Liberty” is above her and the date is below her. The reverse, or back, of the coin features an eagle that is perched on a rock and holding an olive branch in its talons as a symbol of peace.
The US minted the Peace Dollar from 1921 to 1935 when production was halted because of the Great Depression. Roughly 190 million peace dollars were printed during this time. Production resumed again in 2021.
Morgan Dollar