The 1935 silver dollar was one of the plans of the American government in an attempt to bolster its faltering economy during the Great Depression. Also known as the 1935 peace silver dollar, this was a coin that would act as both a reminder of hope and a way to promote trade. The 1935 Silver Dollar has piqued the interest of collectors with its remarkable design and historical relevance, offering an enthralling window into a crucial period in American history. This article will examine the history, value, and legacy of this recognizable coin.
1935 Silver Dollar Value Chart
|Mint Mark||Good||Fine||Extremely Fine||Uncirculated|
|1935 No Mint Mark Silver Dollar Value||$24.00||$30.00||$34.00||$50.00|
|1935 San Francisco Mint Mark Silver Dollar Value||$26.00||$30.00||$35.00||$2060.00|
1935 No Mint Mark Silver Dollar Value
A remarkable piece of American history, the 1935 Philadelphia Silver Dollar depicts a country attempting to find its footing in the midst of an economic crisis.
The United States was experiencing a lot of uncertainty when the 1935 Peace Silver Dollar was produced. Millions of Americans struggled to make ends meet due to the Great Depression, which had already started. As a result, President Franklin D. Roosevelt launched several initiatives to boost the economy and reestablish trust in the financial system.
The Silver Purchase Act of 1934 gave the US government permission to buy silver bullion and utilize it to create silver dollars. One of the coins made as part of this scheme was the 1935 Peace Silver Dollar. On the obverse was a magnificent representation of the goddess of liberty, while on the back was an eagle sitting on a rock.
The diameter and weight of the 1935 No Mint Mark Silver Dollar are 38.1 millimeters and 26.73 grams, respectively. It has a total silver content of 0.77344 troy ounces because it is made up of 90% silver and 10% copper. The coin features a $1 face value and a reeded edge.
The goddess of Liberty is depicted left-facing on the obverse of the 1935 No Mint Mark Silver Dollar. She is wearing a tiara with the word “LIBERTY” engraved on it. Above the goddess’s head, the phrase “IN GOD WE TRUST” appears, while the year “1935” is written below. The phrases “UNITED STATES OF AMERICA” and “ONE DOLLAR” are inscribed along the edge of the reverse, which depicts an eagle perched on a rock.
A 1935 No Mint Mark Silver Dollar in circulated condition is worth between $100 to $200 as of April 2023, although a piece in uncirculated condition can sell for as much as $1,000 or more, depending on its quality and rarity.
1935 San Francisco Mint Mark Silver Dollar Value
The historic San Francisco Mint played an important part in the creation of the 1935 San Francisco Silver Dollar. The San Francisco Mint, founded in 1854 to satisfy the expanding demand for gold and silver coinage in the West, quickly rose to prominence as a key center for minting activities, producing millions of pieces annually.
The Silver Purchase Act of 1934 mandated that the San Francisco Mint produce a finite amount of 1935 Silver Dollars during the Great Depression. Along with the Philadelphia and Denver Mints, the San Francisco Mint was one of three mints tasked with creating the 1935 Silver Dollars.
The 1935 Silver Dollar produced by the San Francisco Mint was noteworthy because it was the last year that the Peace Dollar series, which had been in use since 1921, was manufactured. One of the most iconic coins in American history, the design of the coin featured an eagle sitting on a rock on the reverse and a left-facing picture of the goddess of Liberty on the obverse.
A 1935 San Francisco Silver Dollar is normally about $25 to $30 in circulated form, however, coins in uncirculated condition can sell for anywhere from several hundred to thousands of dollars, depending on the coin’s quality and rarity.
The relative scarcity of the 1935 San Francisco Silver Dollar in comparison to other Peace Silver Dollars is one of the things that makes it so desirable. Given that there were only 1,964,000 coins produced, finding one is extremely rare.
The MS65 1935-S Peace Silver Dollar, which Heritage Auction sold at auction in 2013 for $39,656.00, is the most expensive 1935-S silver dollar ever sold. With few contact imperfections, this particular coin is regarded as one of the finest known examples of the 1935-S Peace Silver Dollar.
1935 Silver Dollar Grading
A 1935 silver dollar is graded by carefully scrutinizing each and every component of its outward look. It’s a complicated process that involves figuring out how much wear and tear has occurred as well as any defects or flaws that might have developed over time. Following this assessment, a numerical grade is given that acts as a global indicator of the coin’s general condition.
To determine the coin’s true value, this grade is only one component of the picture. For collectors alike, the relationship between rarity, demand, and other market factors shapes an environment that is dynamic and ever-changing.
1935 Silver Dollar Errors
Die cracks are brief, linear fissures that can develop on a coin’s surface, usually in the center or toward the edges. They can happen for a number of different reasons. For instance, the dies may deteriorate over time after being repeatedly struck against the metal planchet during the coin-making process. Tiny fractures in the die’s surface may develop as a result of this wear and tear, and these fractures may transfer to the coin during striking.
Die cracks can be little, hairline cracks or big, deep fissures extending the coin’s full length extend the full length of the coin. Die cracks can even result in the distortion or incompleteness of some of the design or writing.
A 1935 silver dollar’s overall visual appeal may be diminished by die cracks, but the coin will also gain value as well as character and originality. Die cracks can be considered a testament to the coin’s history and legitimacy, therefore collectors actively seek out coins with fascinating or uncommon die cracks.
A 1935 silver dollar that has a double-dyed reverse mistake has the reverse die struck twice, which duplicates the design details on the coin’s surface. This produces an overlapping, hazy look that might make it challenging to detect the design’s finer elements.
Despite the fact that a double-dyed reverse fault can be categorized as a form of mint error, it differs from other mint errors in that it does not involve the mint mark or the striking of the coin. Instead, it is the result of a mistake made when the coin’s striking die was being made.
Double-dyed reversal errors are never precisely the same. While other 1935 silver dollars might exhibit a stunning doubling effect, some may merely show a slight overlap of design components. Similar to other mint mistakes, the particular double-dyed reverse error’s originality and rarity can play a significant role in deciding its worth.
Another sort of error that can be seen on the 1935 silver dollar is a planchet flaw. When the blank metal disc, or planchet, is being created throughout the manufacturing process, a planchet fault happens. The planchet may become flawed as a result of incorrect metal composition, poor annealing, or other manufacturing flaws.
Cracks, pits, and lumps on the coin’s surface are only a few examples of the many different types of planchet faults. These imperfections may be seen on the coin’s surface or in the coin’s design features, rim, or blank spaces. The planchet fault occasionally even results in the coin developing a hole.
The lamination error is a particularly intriguing kind of planchet flaw. This happens when a thin layer of metal called a “lamination” forms on the surface of the coin after a layer of its surface metal separates from the remainder of the coin. Coins with lamination flaws can have distinctive patterns and designs, which attract many collectors.
The clipped planchet error is another variety of planchet flaws. This happens when the planchet is incorrectly cut during the fabrication process, leaving a straight or curved part of the coin’s edge missing. Collectors may pay top dollar for clipped planchet errors, particularly if they come with a date or mint stamp that is still distinctly legible.
This mistake happens when the dies strike the coin out of alignment with the center of the planchet. As a result, the graphic elements on one side of the coin look off-center because they sit closer to the edge than on the other.
The intensity of off-center hits can vary; some coins experience only a tiny shift in position, whereas other coins experience a considerably more pronounced off-center effect. A percentage of the coin’s diameter is frequently used to calculate the amount of displacement from the center. For instance, the design elements on a coin struck 10% off-center and would be moved 10% closer to the coin’s edge.
In some instances, an off-center striking might also leave a blank spot when the design components did not entirely transfer to the surface on one side of the coin. These “uniface” faults, which are highly sought by collectors, might give the off-center strike an additional element of individuality.
1935 Silver Dollar FAQ
How much is a 1935 silver dollar worth now?
A 1935 silver dollar’s worth can differ significantly based on a variety of elements, including the coin’s condition, scarcity, and historical relevance. However, a 1935 silver dollar in average condition is typically worth its face value of $1. On the other hand, a 1935 silver dollar with a rare error or in mint condition might be valued up to several thousand dollars to collectors.
How much silver is in a 1935 silver dollar?
The total silver weight in a 1935 silver dollar is 0.77344 troy ounces. With a total weight of 26.73 grams, this indicates that the coin is made up of 90% silver and 10% copper.
Where is the mint mark on a 1935 Peace Dollar?
The mint mark on a 1935 Peace Dollar may be found on the reverse side of the coin, underneath the word “ONE” and above the eagle’s tail feathers. For coins made at the San Francisco Mint, the mint mark will be a tiny “S.” Philadelphia-minted coins, on the other hand, do not have a specific mint mark.
How rare is a 1935 dollar?
While 1935 dollars are not inherently rare, their rarity might vary depending on a number of circumstances. A 1935 dollar, for example, with a rare error or in mint condition may be highly sought after by collectors and thus considered rare. A 1935 dollar in medium condition with no distinguishing traits, on the other hand, may be more common.
How many 1935 Peace Dollars were minted?
In 1935, a total of 3,540,000 Peace Dollars were minted at both the San Francisco and Philadelphia mints. 1,964,000 Silver Dollars were minted in San Francisco, and 1,576,000 were minted in Philadelphia. This makes the 1935 Peace Dollar a relatively common coin in comparison to other years of the series.