The valuation of a 1922 Peace Silver Dollar is contingent primarily upon its physical condition, or grade, and its mint of origin. The 1922 issue is the most common date in the Peace Dollar series, a factor stemming from its exceptionally high mintage. Over 51 million were struck at the Philadelphia mint, 15 million at the Denver mint, and 17 million at the San Francisco mint. This abundance means that coins in circulated, or worn, condition have a value closely tied to their intrinsic silver content, typically commanding a small premium over the base metal price. Values for these circulated coins generally range from approximately $30 to $35.
For uncirculated specimens, which show no signs of wear from commerce, the value increases significantly as the grade improves. A lower-end uncirculated coin, graded as About Uncirculated (AU 58) or Mint State 60 (MS 60), is typically valued between $35 and $40. As the quality rises, so does the price. A coin graded MS 63 might be valued around $55, while an MS 64 could be worth about $75.
The most substantial increases in value are observed in the highest "gem" grades. A 1922 Peace Dollar in MS 65 condition is valued at approximately $145. This value escalates sharply for finer examples, with an MS 66 specimen valued at around $425. For a top-grade MS 67 coin, which is considered genuinely rare despite the high overall mintage, the value can reach as high as $2,750. Therefore, while a common 1922 Peace Dollar is a relatively modest numismatic item, a perfectly preserved example represents a significant financial asset.
