Last Updated on August 4, 2022
The 1934 silver dollars or popularly known as Peace Dollars hold a very special and vital place in history. Compared to the other silver dollars, the 1934 coin was bigger. Just like that, there are many things that you should be aware of.
Here is a complete guide to help you with everything you need to learn about the 1934 silver dollar.
How Much Is the 1934 Silver Dollar Worth?
The 1934 silver dollar with no mintmark present on either side is worth about $40 in good and $45 in very good condition. On the other hand, if the peace dollar is in the extremely fine condition it can easily hold a value of around $60 to $70.
If the coin is in uncirculated condition with MS60 grade it would be worth around $150. In addition, the MS65 graded peace dollar is worth around $900.
The 1934 silver dollar with S mintmark holds the highest value out of all the variants of these dollars. In good condition, the silver dollar is valued at $80 and $87 in very good condition. However, if you go for the extremely fine condition silver dollars they are worth about $220.
On the other hand, the uncirculated condition silver dollars with MS60 grade hold a value of around $2,500. And with MS65 the coin with S mintmark can easily be worth $10,000.
Lastly, the silver dollar with a D mintmark in good condition is worth about $40 and $45 in very good condition. But the extremely fine condition silver dollar holds a value of around $60.
In uncirculated condition, the MS60 graded silver dollar is worth somewhere around $200. But the MS65 graded coin holds a value of about $2,500.
Are There Any Error Coins Present In the 1934 Silver Dollar Series?
Yes, the 1934 silver dollars with D mintmark have error coins present in them. The error on the coin is present due to the die that is used to engrave the coins.
The error is present on the obverse or known as the front side of a coin. The error can be seen where the numbers and letters overlap each other. This affects the font and the color of these letters.
You can see that these letters have a stronger color compared to others on the obverse side.
How Much Are The 1934 Silver Dollar Error Coins Worth?
Yes, the error coins were in circulation during that time and hold a good value in the collectors market. However, the exact quantity that was minted of these error coins was never determined which is why it can be difficult to analyze that.
The 1934 silver dollar error coins are worth around $100 in good and $120 in very good condition. But in extremely fine condition the silver dollars are worth about $250.
On the other hand, in the uncirculated condition, the error coins with MS60 grade are valued at around $850.
What Is The History Of 1934 Silver Dollars?
Unlike the 1934 5 dollar bill that has North African notes, the design that is present on the 1934 silver dollar was used in the dollar coins that were produced from 1921 to 1928. And was used again in dollars produced in 1934 and 1935.
The 1934 silver dollars with no mintmark were only produced in the mint of Philadelphia. And 1934 is one of four series which were only produced in quantity under a million.
What Is The Metal Composition of the 1934 Silver Dollar?
The 1934 silver dollars were made up of 90% silver and 10% copper. During the previous century, silver dollars were known for their appearance and unique design. The metal composition is used to give a better look and shine to the design.
On the other hand, it is important to be aware of the metal composition of every coin. It helps you understand the series better and see if there could be any melt value or not.
Why Is Melt Value Important?
Some people like to melt the coin and extract the precious metal it contains. But they only do it if the coin is not in good condition and knows there is no resale value. Therefore, it would be better to melt it and extract the metals.
At least the metal will get them a higher value. Most people like to melt coins that have a high composition of silver. Otherwise, it would be a waste of effort to melt the coins and extract metals such as nickel or copper.
It wouldn’t get them high revenue and that is why they go towards the coins which are high in silver composition.