A United States dollar coin struck in 1935 comprises 90% silver and 10% copper. Minted during the mid-1930s, examples exist from several mints, including Philadelphia, Denver, and San Francisco, and fall under the classification of Peace dollars. These coins represent the culmination of a design competition intended to commemorate the end of World War I and the subsequent peace.
These coins hold significant intrinsic value due to their silver content, making them attractive to collectors and investors. Historically, they reflect a period of economic hardship and transition in the United States. The design, featuring Lady Liberty on the obverse and an eagle on the reverse, embodies ideals of freedom and national pride. Their survival over the decades makes them tangible links to a bygone era.
The following sections will further explore aspects related to the specific mintage figures, grading standards, factors influencing value, and notable variations associated with this type of currency. Such considerations are crucial for accurate valuation and informed collecting decisions.
1. Peace Dollar design
The design implemented on the 1935 silver dollar coin is specifically the “Peace Dollar” design, a motif that holds considerable historical and artistic significance. Its selection for this coin reflects a broader movement to commemorate the end of World War I and symbolize the subsequent era of peace.
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Lady Liberty Obverse
The obverse features a depiction of Lady Liberty, designed by Anthony de Francisci. This Liberty is notably different from earlier depictions; she is younger and more modern, intended to represent the emerging spirit of the 1920s and 1930s. The inclusion of the word “Liberty” and the motto “In God We Trust” reinforces core American values on the coin.
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Eagle Reverse
The reverse showcases an eagle perched on a rock, clutching an olive branch, a traditional symbol of peace. Notably, the design initially included a broken sword, which was later removed due to public concern that it symbolized defeat rather than peace. The inscription “E Pluribus Unum” and “Peace” further emphasize the coin’s thematic intention.
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Symbolic Intent
The entire design was conceived to symbolize the hope for peace following the devastation of World War I. Its adoption on the 1935 silver dollar coin served as a continual reminder of this aspiration, even as global tensions began to rise again in the late 1930s. The design itself is a visual representation of a specific historical moment and its associated ideals.
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Artistic Merit
Beyond its symbolic value, the Peace Dollar design is also appreciated for its artistic qualities. The Art Deco influences are evident in the stylized depiction of Liberty and the sharp, clean lines of the eagle. These design elements contribute to the coin’s aesthetic appeal and its status as a collectible piece. The artistic choices directly impact the coin’s value and desirability among collectors.
The incorporation of the Peace Dollar design onto the 1935 silver dollar coin effectively cemented its place in numismatic history, linking a specific artistic vision with a significant historical period. This design, therefore, is a key factor in understanding the coin’s value, appeal, and overall significance.
2. Silver content (.900 fine)
The silver content of the 1935 silver dollar coin, specified as .900 fine, is a defining characteristic that directly influences its intrinsic value and historical significance. This composition indicates that the coin is comprised of 90% silver and 10% copper, a standard alloy used in United States coinage for many years.
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Intrinsic Value
The silver content provides the coin with an inherent worth based on the prevailing market price of silver. This intrinsic value fluctuates in accordance with commodity market trends, making the coin a potential store of value. For example, during periods of economic uncertainty, the demand for precious metals like silver often increases, driving up the coin’s value. The .900 fineness ensures a substantial silver weight, contributing significantly to its overall worth.
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Conductivity and Malleability
Silver’s conductive and malleable properties made it suitable for coinage. The addition of copper enhances the coin’s durability, preventing excessive wear and tear during circulation. The 10% copper strengthens the silver, making it more resistant to scratching and damage. Without the copper, the coin would be too soft and easily damaged for everyday use.
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Historical Significance
The decision to use a .900 fine silver composition for the 1935 silver dollar reflects the monetary policies and economic conditions of the time. This standard was maintained for silver coinage until the rising price of silver forced changes in later decades. The silver content is a historical marker, indicative of an era when precious metal content played a crucial role in defining a coin’s value and acceptability.
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Alloy and Appearance
The .900 fine silver alloy influences the coin’s appearance. The presence of copper gives the coin a slightly warmer tone compared to pure silver, impacting how it ages and tarnishes over time. This alloy also affects the coin’s luster and how it interacts with light, factors that are considered when grading and assessing its condition. The specific silver-copper ratio contributes to the coin’s distinct visual characteristics.
In summary, the .900 fine silver content of the 1935 silver dollar is not merely a compositional detail but a fundamental factor determining its value, durability, and historical context. Understanding this aspect is essential for collectors and investors seeking to appreciate the coin’s multifaceted significance.
3. Mint mark variations
The presence and location of mint marks on the 1935 silver dollar coin are critical factors in determining its value and rarity. These small letters, denoting the mint where the coin was struck, significantly affect its desirability among collectors. In 1935, Peace dollars were produced at the Philadelphia, Denver, and San Francisco mints. Coins struck in Philadelphia bear no mint mark, while those from Denver feature a “D” and San Francisco a “S,” both located on the reverse of the coin, below the word “ONE.” The scarcity of a particular mint mark for a given year directly influences the coin’s numismatic value, with scarcer issues commanding higher prices.
The San Francisco (“S”) mint mark on the 1935 silver dollar coin usually indicates a lower mintage compared to Philadelphia or Denver. This scarcity elevates the “S” mint mark variation in the eyes of collectors. For example, a 1935-S Peace dollar in uncirculated condition is typically valued significantly higher than a 1935 (Philadelphia) or 1935-D Peace dollar in similar condition. Understanding these mint mark variations is not merely academic; it is essential for accurate appraisal and informed purchasing decisions, impacting the potential return on investment.
In conclusion, mint mark variations are a key component of the 1935 silver dollar coin’s identity and value. The presence, absence, or specific mint mark significantly influences its rarity and desirability among collectors. Recognizing and understanding these variations is therefore crucial for anyone involved in buying, selling, or appraising these historic coins. While counterfeiters may attempt to add or alter mint marks, careful examination and verification are essential to ensure authenticity. The challenges associated with identifying genuine mint marks highlight the need for expertise and meticulousness in numismatic endeavors.
4. Circulation condition
The circulation condition of a 1935 silver dollar coin is a primary determinant of its value and appeal to collectors. The degree of wear and tear sustained by the coin during its time in circulation directly impacts its aesthetic quality and numismatic grading. Evaluating circulation condition requires careful assessment of surface details, luster, and overall preservation.
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Wear on High Points
Assessing the wear on the coin’s high points, such as Lady Liberty’s cheek and the eagle’s breast, is essential for determining its grade. Coins with significant wear exhibit a flattening of these details, reducing their sharpness and clarity. The extent of wear directly correlates with the coin’s time in circulation and the handling it endured. Examples include coins graded as “Good” showing substantial wear, while “Fine” coins have moderate wear on the high points. This assessment is critical for accurately categorizing the coin’s condition and, consequently, its value.
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Surface Luster
The original luster of a 1935 silver dollar coin diminishes as it circulates. Uncirculated coins possess a brilliant, reflective surface, while circulated examples exhibit a duller appearance due to scratches and abrasions. The presence or absence of original mint luster is a significant factor in grading. Coins graded as “About Uncirculated” may retain some luster but show slight wear, whereas “Extremely Fine” coins display minimal luster loss and only light wear. Luster directly impacts the coin’s visual appeal and collectibility.
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Presence of Scratches and Damage
The accumulation of scratches, dents, and other forms of damage during circulation negatively affects the coin’s value. Even minor imperfections can significantly lower the grade and reduce its desirability. For example, a coin with numerous fine scratches may be graded as “Very Good,” while one with significant dents or gouges may be deemed “Poor” or “Damaged.” The extent and nature of surface imperfections are carefully considered when evaluating a coin’s condition.
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Coloration and Toning
Circulated 1935 silver dollars often exhibit toning, a natural process where the coin’s surface reacts with elements in the environment. Toning can range from light hues to darker, more pronounced coloration. While some collectors find attractive toning desirable, uneven or excessive toning can detract from the coin’s aesthetic appeal. The type and extent of toning are factored into the overall assessment of the coin’s condition, impacting its grade and perceived value. Controlled or “album” toning is generally more valued than haphazard tarnishing.
The interplay of wear, luster, surface imperfections, and toning collectively defines the circulation condition of a 1935 silver dollar. Understanding these elements is essential for accurately grading the coin and determining its value within the numismatic market. The more pristine a coin’s condition, the greater its appeal to collectors, as it provides a clearer reflection of the original design and minting quality. Conversely, coins heavily worn from circulation may still hold historical value but command a lower price due to their compromised aesthetic state.
5. Rarity of specific mints
The relative scarcity of 1935 silver dollar coins produced at different United States Mint facilities directly influences their value and desirability among numismatists. Variations in mintage figures between the Philadelphia, Denver, and San Francisco mints create a hierarchy of rarity, significantly impacting collector interest and market prices.
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San Francisco Mint (1935-S)
The San Francisco Mint typically produced the lowest quantities of Peace dollars compared to Philadelphia and Denver, often resulting in the 1935-S examples commanding a premium. Lower mintage figures translate to fewer surviving specimens, especially in higher grades. The inherent scarcity of the 1935-S coins is a primary driver of their increased value among collectors, who often seek to complete mint mark sets or acquire rare issues.
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Denver Mint (1935-D)
The Denver Mint’s production of 1935 silver dollars generally falls between that of Philadelphia and San Francisco. The 1935-D coins are more common than those from San Francisco but less so than Philadelphia issues. This mid-level rarity influences their market value, making them more accessible to average collectors while still possessing a degree of scarcity that contributes to their collectibility.
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Philadelphia Mint (1935)
The Philadelphia Mint, which did not use a mint mark during this period, typically produced the largest quantities of 1935 silver dollars. These coins are generally the most readily available and, therefore, the least valuable of the three mints. Despite their relative abundance, well-preserved Philadelphia examples still hold value and appeal, especially to beginning collectors or those seeking high-grade specimens without the premium associated with scarcer mint marks.
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Impact on Market Value
The interplay between mint mark rarity and condition significantly influences the market value of 1935 silver dollar coins. An uncirculated 1935-S Peace dollar, for example, may be worth substantially more than an uncirculated 1935 or 1935-D Peace dollar. This disparity highlights the importance of considering both mint mark and grade when assessing the value of these coins. The rarity of specific mints acts as a multiplier effect, increasing the worth of coins in better condition.
Understanding the relationship between mintage figures and mint mark variations is essential for both novice and experienced collectors of 1935 silver dollar coins. Recognizing the relative scarcity of San Francisco, Denver, and Philadelphia issues enables informed decisions regarding acquisition, investment, and long-term collection strategies. The interplay between rarity and condition determines each coin’s unique place in the numismatic market.
6. Numismatic value
The numismatic value of a 1935 silver dollar coin extends far beyond its intrinsic silver content. It encompasses factors such as historical significance, rarity, condition, and collector demand. The interplay of these elements determines the coin’s market price within the numismatic community. For example, a 1935-S Peace dollar in uncirculated condition may command a price several magnitudes higher than its melt value, reflecting its scarcity and pristine state. This difference illustrates that the silver value constitutes only a fraction of its overall worth as a collector’s item. The numismatic value, therefore, encapsulates the coin’s unique characteristics and its position within the broader context of coin collecting.
The evaluation of numismatic value requires expertise in grading, authentication, and market analysis. Professional grading services, such as PCGS and NGC, assess the condition of a 1935 silver dollar based on established standards, assigning grades that significantly impact its value. Authentication is also crucial, as counterfeit coins exist and can deceive inexperienced collectors. Market analysis involves tracking recent sales data and auction results to understand current demand and pricing trends. A collector seeking to acquire a 1935 silver dollar must therefore consider these aspects to make informed purchasing decisions. Furthermore, the potential for long-term appreciation of numismatic value motivates many collectors and investors.
In summary, the numismatic value of a 1935 silver dollar coin represents a complex assessment influenced by multiple factors, including rarity, condition, and historical context. The understanding of these elements is essential for both collectors and investors seeking to navigate the numismatic market effectively. Although challenges exist in accurately evaluating and authenticating coins, the potential rewards, both in terms of financial appreciation and historical appreciation, make the pursuit worthwhile. Ultimately, the numismatic value transforms a simple piece of currency into a tangible artifact of history and art.
7. Historical context
The 1935 silver dollar coin exists as a tangible artifact deeply entwined with the historical context of the mid-1930s in the United States. The decision to continue minting Peace dollars in 1935, despite the ongoing Great Depression, reflects the nation’s adherence to the silver standard and the broader economic policies of the era. The silver content itself represents a specific fiscal strategy aimed at stabilizing currency and stimulating economic activity. The design’s inherent symbolism Lady Liberty and the eagle representing peace offered a visual reassurance to a population grappling with economic hardship and international instability. The coin, therefore, served as a symbol of national resilience during a period of significant challenge. Its continued production and circulation highlight a deliberate effort to maintain confidence in the country’s monetary system amidst widespread uncertainty.
Further illustrating this connection, the mintage figures for the 1935 Peace dollar varied across different mints (Philadelphia, Denver, and San Francisco). These variations reflect the regional economic conditions and operational priorities of each mint during that time. For instance, lower mintage figures at the San Francisco Mint may correlate with regional economic downturns or shifting resource allocations. Examining the coin’s production numbers in conjunction with contemporaneous economic data provides valuable insights into the regional and national economic landscape of 1935. The coin, in this sense, serves as a data point in a larger historical narrative, reflecting the localized impact of national economic policies. Moreover, the distribution patterns of these coins, which can be inferred from surviving examples, offer clues about trade routes and economic activity during this era.
In conclusion, understanding the historical context is indispensable for fully appreciating the significance of the 1935 silver dollar coin. Its silver content, design, and mintage figures are intrinsically linked to the economic policies and social realities of the Great Depression era. The coin transcends its material value, serving as a tangible representation of the United States’ economic and symbolic landscape during a period of profound change. A proper analysis necessitates an appreciation of the social, economic, and political forces at play during the mid-1930s. Recognizing these connections transforms the coin from a mere collectible into a valuable historical document.
8. Collectibility
The inherent collectibility of the 1935 silver dollar coin arises from a confluence of factors, rendering it a sought-after item within the numismatic community. Its intrinsic silver content, coupled with its historical significance as a product of the Great Depression era, establishes a foundation for its desirability. The coin’s relative scarcity, particularly in uncirculated condition or with specific mint marks, further enhances its collectibility, creating a tiered system of value and demand. For instance, a 1935-S Peace dollar in MS-65 condition can command prices significantly exceeding its melt value, directly attributable to its collectibility driven by rarity and preservation. The aesthetic appeal of the Peace dollar design, representing a moment of post-World War I optimism, also contributes to its allure among collectors who appreciate both its historical and artistic merit. This combination of objective value and subjective appeal firmly establishes its position within the collectors’ market.
The practical significance of understanding the collectibility of a 1935 silver dollar manifests in several key areas. For collectors, this knowledge informs strategic acquisition decisions, enabling them to target specific variations or conditions that align with their collecting goals and budget. For investors, understanding the factors driving collectibility allows them to identify potential opportunities for appreciation in value, recognizing that the coin’s numismatic worth can outpace fluctuations in silver prices. Furthermore, for historians and researchers, the coin’s collectibility ensures its preservation and continued study, providing a tangible link to the past and promoting a deeper understanding of the economic and social conditions of the 1930s. Auctions, coin shows, and online marketplaces serve as platforms where the collectibility of these coins is actively demonstrated through competitive bidding and valuation. The existence of established grading services and price guides provides a framework for assessing and communicating the relative worth of different specimens, further solidifying the influence of collectibility on the coin’s market dynamics.
In summary, the collectibility of the 1935 silver dollar coin is not merely a happenstance occurrence but a deliberate consequence of its historical context, material composition, artistic design, and established place within the numismatic market. Challenges in assessing collectibility arise from the subjective nature of grading and the potential for market fluctuations. However, by understanding the key drivers and utilizing established evaluation methods, both collectors and investors can navigate the intricacies of this market effectively. The continued interest and preservation of these coins demonstrate their lasting legacy as both valuable commodities and tangible pieces of history.
9. Melting Value
The melting value of a 1935 silver dollar coin represents its worth based solely on its silver content, disregarding any numismatic premium associated with its rarity, condition, or historical significance. This intrinsic value fluctuates with the market price of silver and provides a baseline for assessing the coin’s overall worth.
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Calculation of Silver Content
The 1935 silver dollar coin is composed of 90% silver and 10% copper. The actual silver weight is approximately 0.77344 troy ounces. To determine the melting value, multiply this weight by the current spot price of silver. For example, if silver is trading at $25 per troy ounce, the melting value would be approximately $19.34. This calculation provides a floor value, independent of collector interest.
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Market Fluctuations and Impact
The melting value is directly tied to the volatility of the silver market. Significant price swings in silver can dramatically alter the melting value of the coin, influencing decisions regarding its sale or retention. For example, during periods of economic uncertainty, the price of silver may rise, increasing the melting value and potentially incentivizing individuals to sell their coins for their metal content. Conversely, a decline in silver prices reduces the melting value, making it less attractive to liquidate the coin for its metal content alone.
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Comparison to Numismatic Value
The melting value often stands in stark contrast to the numismatic value. While the melting value represents the coin’s worth as a raw material, the numismatic value reflects its worth as a collectible item. In many cases, particularly for well-preserved or rare examples, the numismatic value significantly exceeds the melting value. For instance, a 1935-S Peace dollar in uncirculated condition may be worth hundreds or even thousands of dollars, far surpassing its silver content. Collectors prioritize factors such as condition, rarity, and historical significance, driving the numismatic value beyond the inherent metal worth.
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Factors Influencing Melting Decision
Several factors influence the decision to melt a 1935 silver dollar. High silver prices, urgent financial needs, or a lack of numismatic interest may prompt individuals to consider melting their coins. However, the potential loss of numismatic value often dissuades collectors from this course of action. Dealers and investors also play a role, sometimes purchasing coins at or near their melting value with the intention of reselling them to refineries. Ultimately, the decision hinges on a careful evaluation of market conditions, the coin’s condition and rarity, and the individual’s financial goals.
In conclusion, the melting value of a 1935 silver dollar coin serves as a fundamental benchmark for its worth, reflecting the intrinsic value of its silver content. While this value fluctuates with market prices, it is essential to recognize that the numismatic value frequently overshadows the melting value, particularly for coins of higher grade or rarity. Collectors and investors must weigh both aspects to make informed decisions regarding the acquisition or disposition of these historic coins. The decision to melt is often a last resort, given the potential to sacrifice the coin’s value as a numismatic artifact.
Frequently Asked Questions
This section addresses common inquiries regarding the 1935 silver dollar, providing concise and accurate information for collectors and enthusiasts.
Question 1: What is the composition of a 1935 silver dollar coin?
The 1935 silver dollar consists of 90% silver and 10% copper. This composition, often referred to as “.900 fine,” was standard for United States silver coinage of that era.
Question 2: Where are the mint marks located on a 1935 silver dollar coin?
Mint marks, if present, are located on the reverse of the coin, below the word “ONE.” A “D” indicates the Denver Mint, while an “S” signifies the San Francisco Mint. Coins produced in Philadelphia bear no mint mark.
Question 3: How does the condition of a 1935 silver dollar coin affect its value?
Condition significantly impacts the coin’s value. Coins in uncirculated condition, exhibiting minimal wear and retaining original luster, command higher prices than those in circulated condition with noticeable wear and scratches. Professional grading services assess the condition based on established standards.
Question 4: What is the approximate silver weight of a 1935 silver dollar coin?
A 1935 silver dollar contains approximately 0.77344 troy ounces of silver. This weight is crucial for determining the coin’s intrinsic value based on the current spot price of silver.
Question 5: Are there any key date or rare varieties of the 1935 silver dollar coin?
While the 1935 silver dollar itself is not considered a key date, coins from the San Francisco Mint (1935-S) are generally scarcer than those from Philadelphia or Denver, resulting in a higher value, especially in higher grades. Careful examination for this mint mark is essential.
Question 6: How can authenticity of a 1935 silver dollar coin be verified?
Authenticity verification requires careful examination of design details, weight, and dimensions. Discrepancies in these areas may indicate a counterfeit. Consulting with a reputable numismatist or submitting the coin to a professional grading service is advisable for definitive authentication.
These FAQs offer a foundational understanding of the 1935 silver dollar coin, addressing common questions and concerns. Further research and consultation with experts are recommended for more in-depth analysis.
The following section will delve into specific strategies for collecting and investing in these historic coins.
Collecting and Investing in 1935 Silver Dollar Coins
This section provides actionable guidance for collectors and investors seeking to engage with 1935 silver dollar coins effectively.
Tip 1: Prioritize Condition. Uncirculated specimens command significant premiums. Careful assessment of luster, surface preservation, and minimal wear is paramount. Coins graded MS-65 or higher represent the apex of collectibility.
Tip 2: Target Scarce Mint Marks. The 1935-S Peace dollar from the San Francisco Mint is inherently rarer. Specimens bearing the “S” mint mark, particularly in higher grades, offer increased potential for appreciation.
Tip 3: Employ Professional Grading Services. Submission to PCGS or NGC provides objective authentication and grading. Certified coins garner greater market confidence and realize higher resale values.
Tip 4: Track Market Trends. Regularly monitor auction results and sales data to discern current market demand and pricing dynamics. This vigilance facilitates informed buying and selling decisions.
Tip 5: Diversify Holdings. Avoid concentrating solely on the 1935 silver dollar. A diversified portfolio encompassing various dates, mint marks, and coin types mitigates risk and enhances long-term returns.
Tip 6: Secure Proper Storage. Employ archival-quality holders or albums to protect coins from environmental damage and handling. This safeguards their condition and preserves their value.
Tip 7: Conduct Thorough Due Diligence. Before acquiring any 1935 silver dollar, verify its authenticity, assess its condition independently, and compare pricing across multiple sources. Prudent investigation minimizes the risk of overpayment or acquiring counterfeits.
These tips emphasize the importance of informed decision-making, meticulous evaluation, and strategic planning when engaging with 1935 silver dollar coins. Implementing these guidelines can optimize both collecting satisfaction and investment outcomes.
The concluding section of this article will summarize the key insights presented and offer a final perspective on the enduring legacy of the 1935 silver dollar.
Conclusion
The preceding analysis has elucidated the multifaceted nature of the 1935 silver dollar coin, extending beyond its mere metallic composition. It has explored the coin’s design origins, intrinsic value, mint mark variations, condition-dependent numismatic worth, historical context within the Great Depression, and its ongoing appeal to collectors and investors. The examination has underscored the importance of considering these diverse factors when assessing its significance and potential value.
The enduring legacy of the 1935 silver dollar coin resides in its capacity to serve as both a tangible investment and a historical artifact. Continued research and informed collecting practices are essential to ensure its preservation and appreciate its enduring contribution to numismatic heritage. Interested parties are encouraged to pursue further investigation and consult with established experts for a comprehensive understanding.
