Lot 022Coin values

1934-S Peace Dollar

Q: How much is a 1934-S Peace Dollar worth?

Lustre's editorial estimate (Oct 2026) is $55–$630 for circulated examples (G-4 to EF-40) and $33,000–$47,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

SAN FRANCISCO (S) · 90% SILVER, 10% COPPER · 1,011,000 STRUCK

The answer

Worth about $55⁠–⁠$630 circulated and $33,000⁠–⁠$47,000 in MS-65.

The 1934-S Peace Dollar is a key date from the San Francisco Mint, with 1,011,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $55⁠–⁠$630, and a well-preserved MS-65 example is estimated at $33,000⁠–⁠$47,000. Because this is a key date, condition and authenticity matter far more than metal content: have any high-value coin graded by a recognised service.

The key to the later Peace dollars. Scarce in Mint State with a good strike.

1934-SSan Francisco (S)

Catalogue medallion. We do not yet hold a licensed photograph of this exact date and mint, so none is shown rather than one with a different date.

Peace dollar obverse: Liberty with a radiate crown — Design reference 1921 Peace dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Peace dollar reverse: eagle perched on a rock with the word PEACE — Design reference 1921 Peace dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Mint: San Francisco (S)
Composition: 90% silver, 10% copper
Mintage: 1,011,000
Weight and size: 26.73 g · 38.1 mm
Designer: Anthony de Francisci

RarityKey date

PlentifulRare

Scarcer than 78% of the 24 issues in the Peace series with a recorded mintage. 1,011,000 struck. Mintage is the number struck, not the number that survive.

Grade & value

Circulated$55–$630

Melt, live$46.81

Estimated value by grade for the 1934-S Peace Dollar. Lustre editorial estimate, Oct 2026.
Grade	Estimate
G-4Good	$55–$65
VG-8Very Good	$65–$75
F-12Fine	$80–$100
VF-20Very Fine	$145–$195
EF-40Extremely Fine	$470–$630
AU-50About Uncirculated	$1,250–$1,750
AU-58Choice About Uncirculated	$2,450–$3,550
MS-60Mint State 60	$5,250–$7,750
MS-63Choice Mint State	$9,750–$14,250
MS-65Gem Mint State	$33,000–$47,000

Melt value (silver)$46.81

0.7735 troy oz of silver at the spot price. Reference prices, not live

Scan your coin

Estimates. Grade values are Lustre editorial estimate, Oct 2026, based on spot prices near $61 per ounce for silver. They are not market data, an appraisal or an offer. Rows marked at melt follow the metal price.

Value ladder

Varieties to look for

Mint mark position

D and S sit on the reverse near the lower left, below the word ONE.

Strike quality

Weak strikes on the center of Liberty's hair and the eagle's breast are common. Sharp strikes bring premiums in Mint State.

Cleaning and cabinet friction

The fields are prone to bag marks and the high points to rub. Look for original luster.

Questions

About the 1934-S Peace

How much is a 1934-S Peace Dollar worth?

Lustre's editorial estimate (Oct 2026) is $55⁠–⁠$630 for circulated examples (G-4 to EF-40) and $33,000⁠–⁠$47,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

Is a 1934-S Peace Dollar silver?

Yes. It is 90% silver, 10% copper and weighs 26.73 g, which is 0.7735 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.

How many 1934-S Peace Dollars were minted?

1,011,000 were struck at the San Francisco Mint.

Where is the mint mark on a Peace Dollar?

On the reverse, at the lower left near the word ONE. Philadelphia coins have no mint mark.

Is my 1934-S Peace Dollar rare?

Yes. It is a key date. Check the variety notes on this page, look at the date and mint mark under magnification and consider professional grading before selling.

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