Lot 024Coin values

1935-S Peace Dollar

Q: How much is a 1935-S Peace Dollar worth?

Lustre's editorial estimate (Oct 2026) is $50–$115 for circulated examples (G-4 to EF-40) and $4,500–$6,500 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 · 1,964,000 STRUCK

The answer

Worth about $50⁠–⁠$115 circulated and $4,500⁠–⁠$6,500 in MS-65.

The 1935-S Peace Dollar is a scarcer date from the San Francisco Mint, with 1,964,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $50⁠–⁠$115, and a well-preserved MS-65 example is estimated at $4,500⁠–⁠$6,500. Circulated coins of this date trade at or just above the value of their metal, so the live melt value on this page is the best guide to a worn coin.

1935-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: 1,964,000
Weight and size: 26.73 g · 38.1 mm
Designer: Anthony de Francisci

RarityScarce

PlentifulRare

Among the more plentiful: 57% of issues in the series have a smaller mintage. 1,964,000 struck. Mintage is the number struck, not the number that survive.

Grade & value

Circulated$50–$115

Melt, live$46.81

Estimated value by grade for the 1935-S Peace Dollar. Lustre editorial estimate, Oct 2026.
Grade	Estimate
G-4Good · tracks melt	$50–$55
VG-8Very Good · tracks melt	$50–$55
F-12Fine · tracks melt	$55–$60
VF-20Very Fine	$50–$60
EF-40Extremely Fine	$85–$115
AU-50About Uncirculated	$170–$230
AU-58Choice About Uncirculated	$260–$340
MS-60Mint State 60	$430–$570
MS-63Choice Mint State	$900–$1,300
MS-65Gem Mint State	$4,500–$6,500

Melt value (silver)$46.81

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

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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

Three rays

A variety with three rays on the reverse is known. Count the rays at the lower left.

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.

Questions

About the 1935-S Peace

How much is a 1935-S Peace Dollar worth?

Lustre's editorial estimate (Oct 2026) is $50⁠–⁠$115 for circulated examples (G-4 to EF-40) and $4,500⁠–⁠$6,500 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 1935-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 1935-S Peace Dollars were minted?

1,964,000 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 1935-S Peace Dollar rare?

It is a scarcer date. It is worth more than a common date in better grades.

Neighbouring issues

More Peace Dollar values

1935Peacefrom $50

All 24 Peace Dollar issues

Sources and method

Where these numbers come from

Peace dollar, Wikipedia: mintage, composition, weight, diameter, edge, designer.

Peace dollar mintage, Landofcoins.com: mintage by year and mint.

Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).

gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.

How the estimates are made. Facts reviewed Oct 2026.

Circulated$50⁠–⁠$115

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