1934-S Peace Dollar

Specifications

Melt value: $49.85silver $64.40/ozt, copper $0.44/ozt · prices as of Sep 16, 2026

AI-generated illustration — not a photograph of a genuine coin.

1,011,000 struck at San Francisco — a semi-key date that's the rarest Peace dollar in uncirculated grades to MS64.

History

The 1934-S was struck at the San Francisco Mint with a mintage of 1,011,000 — modest for the series but not the lowest; its rarity comes from poor survival in high grade (APMEX; Gainesville Coins, accessed 2026-09-16).
It was the first of the 1934–1935 resumption issues after the 1929–1933 hiatus; demand was low and many were released into circulation where they wore (Money Metals; Gainesville Coins, accessed 2026-09-16).
APMEX notes it’s ‘frequently mistaken as a coin of little value’ but is actually a rare San Francisco Peace dollar of the Great Depression years (APMEX, accessed 2026-09-16).
Gainesville Coins calls the 1934-S ‘the rarest of the Peace Dollar series in uncirculated condition up to and including MS64’ — most survivors are well-worn (Gainesville Coins, accessed 2026-09-16).

1934-S (San Francisco, S mintmark) — mintage 1,011,000; semi-key; rarest Peace dollar in uncirculated grades through MS64 (APMEX; Gainesville Coins).
1934-S vs 1928: the 1928 has a lower mintage but survives better in high grade; the 1934-S is harder in Mint State (Gainesville Coins).

No published diagnostics found in consulted references — certification recommended.
Authentication tip from dealers: check that the S mintmark is positioned above the tip of the eagle’s wings on the reverse and shows the correct style; altered-mintmark and added-mintmark coins exist on other series, so for a date this valuable always buy certified.