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Morgan Silver Dollar vs Peace Silver Dollar 

Comparison between the Morgan Silver Dollar and the Peace Silver Dollar.

The comparison between the Morgan Silver Dollar and the Peace Silver Dollar unveils a fascinating narrative within American numismatic history. These iconic coins, each with distinct designs, historical context, and cultural significance, have captured the imagination of collectors and investors.  

As pillars of American coinage, the silver Morgan and Peace Dollars represent different eras, yet both hold a cherished place in the hearts of numismatists worldwide. Delving into their unique attributes, from design intricacies to historical backgrounds, sheds light on their enduring legacy and the allure they continue to exert over generations of enthusiasts. 

Morgan Silver Dollar vs Peace Silver Dollar Overview 

 Morgan Silver Dollars Peace Silver Dollars 
Years Minted 1874-1904, 1921 1921-1928, 1934-1935 
Silver Purity .90 .90 
Metal Content  .7734 troy oz .7734 troy oz 
Thickness 3.1 mm 3.1 mm 
Diameter  38.1 mm 38.1 mm 
Why Minted Bland-Allison Act End of WW1 
Designer  George T. Morgan Anthony de Francisci 
Obverse Lady Liberty Lady Liberty 
Reverse Eagle Eagle 
Chart comparing Morgan Silver Dollars and Peace Silver Dollars. 

Comparing Value 

Value of Morgan Silver Dollar 

Value varies depending on rarity, demand, grading, mint marks, dates, etc. Currently, the 1889 coin minted in Carson City with a grade of MS-66 or higher could fetch the highest bid. 

To determine the specific value of a Morgan Silver Dollar, it is recommended to consult current pricing guides, auction records, or reputable coin dealers specializing in numismatics. Additionally, professional coin grading services can provide expert assessments of a coin’s condition and authenticity, which are essential in determining its value. 

Value of Peace Silver Dollar 

The value of a Peace Silver Dollar can fluctuate significantly based on factors such as rarity, demand, grading, mint marks, dates, and more. A version that could garner a high bid is the 1925 minted in San Francisco with a MS-66 grading or higher. 

For an accurate appraisal of a Peace Silver Dollars’ worth, it is advisable to refer to up-to-date pricing guides, auction data, or trusted coin dealers specializing in numismatics. Professional coin grading services can also offer expert evaluations of a coin’s condition and authenticity, which are crucial aspects in determining its value. 

Should I Buy the Silver Morgan or the Peace Dollar? 

It depends on your goals. Are you collecting, investing, or both? 

If you are a collector looking to collect one of each year, then you will simply need to find the versions you are seeking to complete your collection. You may choose to collect one over the other or both. Think about the historical context that interests you. The Morgan Dollar reflects the economic and industrial growth of the late 19th and early 20th centuries, while the Peace Dollar commemorates the end of World War I and promotes the idea of global peace. 

If you are an investor who plans to sell, you should watch for profitable years for the Morgans and the Peace dollars. Research the availability and rarity of specific dates, mint marks, and varieties for each coin. Some Morgan and Peace Dollars may be more readily accessible or scarce, impacting their price and potential for appreciation. Consider the condition and value of the coins you are interested in purchasing. Grade, luster, and surface preservation can affect their market value. 

It is recommended that you conduct thorough research, consult with reputable coin dealers or numismatic experts, and choose based on your individual preferences and collecting objectives. 


Morgan Dollars tend to be more widely collected and are available in larger quantities, though some dates and mint marks are considered rare and highly sought after. 

Peace Dollars, while less numerous than Morgan Dollars, are still relatively common, though specific dates can be scarce. 

Historical Context 

Morgan Dollars were primarily minted to fulfill the requirements of the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver and mint it into dollars. Peace Dollars were minted to commemorate the end of World War I, hence the name “Peace” dollars. 


George T. Morgan, the designer of the Morgan Dollar, was an influential English-born engraver and designer known for his significant contributions to American coinage. Anthony de Francisci was an Italian American sculptor and coin designer best known for his work on the Peace Silver Dollar. 

George T. Morgan 

Morgan’s designs are characterized by a sense of realism and artistic flair. His portrayal of Liberty on the Morgan Dollar was groundbreaking for its departure from the traditional Greek or Roman-inspired depictions. He was posthumously inducted into the American Numismatic Association’s Hall of Fame in 1965. 

Anthony de Francisci 

His talent caught the attention of the United States Mint, and in 1921, he won a national competition to design the Peace Silver Dollar, commemorating the end of World War I. De Francisci’s design for the Peace Dollar was praised for its simplicity, elegance, and symbolic representation of peace.  His work reflects the artistic trends of the early 20th century, with a blend of classical and modern elements. 

Morgan and Peace Silver Dollars may hold significant value and historical importance, making either choice a worthwhile addition to a coin collection. It’s recommended to conduct thorough research, consult with reputable coin dealers or numismatic experts, and choose based on your individual preferences and collecting objectives. 

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