1922 Silver Dollar Value Checker: Errors List, “D”, “S” & No Mint Mark Worth

1922 Silver Dollar value ranges from $1.00 face value to $458,250. That record belongs to a Grade 67 example sold through Goldberg Auctions in June 2014. Upload a photo of yours below for a quick value range. Then scroll down to check recent eBay sales and see what collectors are paying right now.

 

1922 Silver Dollar Value By Variety

More varieties exist under the 1922 date than most people realize. Each one carries a different premium depending on type and grade. If you already know your coin’s grade, jump straight to the Value Guides section for exact pricing.

Also Read: Top 100 Rarest Silver Dollar Coins Worth Money (Most Expensive)

 

Top 10 Most Valuable 1922 Silver Dollar Worth Money

The king of the list is the 1922 PR 67, which hammered at $458,250. Only 10 proofs were struck that year, and finding one this well-preserved is essentially a once-in-a-generation event.

Proofs dominate the top ten almost entirely. The 1922 PR 64 brought $242,000 and the PR 65 hit $199,750. Business strikes can’t compete at those levels — but the 1922-D MS67 proved there’s an exception. It sold for $90,000, the only mint-marked business strike to crack this list. That tells you what a top-pop coin in fully original condition can do. The 1922-S MS66 rounds things out at $41,125, showing strong demand for San Francisco pieces in high grades.

 

History of The 1922 Silver Dollar

The 1922 Silver Dollar exists because of World War I. Britain needed silver to prop up its wartime currency, so Congress authorized melting over 270 million Morgan dollars. The Pittman Act of 1918 required the Treasury to replace every one of them using domestically mined silver.

By 1921, the Mint started making good on that promise. Coin dealer Farran Zerbe had pitched the idea of a commemorative peace dollar at the 1920 ANA convention, and his relentless lobbying finally convinced the Treasury to hold a design competition.

The winning design came with drama. Anthony de Francisci’s original reverse featured a broken sword, but the public hated it. Treasury officials ordered the sword removed just days before the first coins were struck on December 28, 1921.

Early 1922 production hit another wall. The high-relief design required so much striking pressure that dies shattered at an alarming rate. Production stopped on January 10, 1922, until the relief was lowered enough for mass production.

Once those problems were sorted, all three mints — Philadelphia, Denver, and San Francisco — began full-scale output. The coin went on sale January 3, 1922, and the public loved it. It became the first fully stabilized year of Peace Dollar coinage — a fact collectors still appreciate today.

Also Read: Top 100 Most Valuable Morgan Silver Dollar Coins Worth Money List

 

Is Your 1922 Silver Dollar Rare?

Here’s the counterintuitive part: the 1922 Philadelphia issue had the highest mintage by far — over 51 million — yet survival rates are surprisingly low. The San Francisco coins are even worse, with barely 11% surviving. Meanwhile, all 10 known proofs still exist, giving them a 100% survival rate but near-zero availability. So “rare” depends on what you’re measuring — original mintage or what’s actually left. Use the Coin Identifier and Value App to check exactly where your coin stands on the rarity scale in just a few seconds.

 

Key Features of The 1922 Silver Dollar

The 1922 Peace Dollar is one of the most recognizable coins the U.S. Mint ever produced. Three facilities struck over 84 million of them that year, making 1922 one of the highest-mintage years in the entire series.

The Obverse Of The 1922 Silver Dollar

Lady Liberty faces left in profile, lips slightly parted, hair blowing freely. “LIBERTY” arches across the top. “IN GOD WE TRVST” splits on either side of her neck, and the date sits below.

That “V” in “TRVST” trips up new collectors constantly. It’s not an error — it’s a deliberate nod to classical Roman lettering. Sculptor Anthony de Francisci modeled Liberty’s portrait after his wife, Teresa. She posed by an open window with her hair catching the breeze.

The result is a Liberty who looks young and hopeful rather than stern. I think it’s one of the most beautiful portraits on any U.S. coin.

The Reverse Of The 1922 Silver Dollar

Flip it over and you’ll see a bald eagle perched on a rock, clutching an olive branch. Rays of a rising sun spread behind it. “UNITED STATES OF AMERICA” curves above, with “E PLURIBUS UNUM” below that.

Look at the rock beneath the eagle — the word “PEACE” is inscribed right on it. No other U.S. coin spells out “peace” as part of the design. That detail alone makes this reverse iconic.

The olive branch replaces the arrows of war. It’s a direct symbol of reconciliation after World War I.

Other Features Of The 1922 Silver Dollar

Checking authenticity? Grab a caliper and a scale. Genuine examples measure exactly 38.1mm in diameter and weigh 26.73 grams. The edge is reeded — those fine parallel grooves were an anti-counterfeiting measure standard on U.S. silver dollars.

The composition is 90% silver and 10% copper, giving each coin .77344 troy ounces of pure silver. That’s your melt value floor — the coin is always worth at least that much regardless of collector demand.

Also Read: Top 80+ Most Valuable Sacagawea Dollar Worth Money (2000-P to Present)

 

1922 Silver Dollar Mintage & Survival Data

Philadelphia crushed it with over 51.7 million coins struck — by far the largest output. Denver added 15 million and San Francisco contributed 17.4 million. Yet big mintage numbers don’t mean big survival numbers.

Only about 19% of those Philadelphia coins are estimated to have survived. San Francisco fared even worse at just 11.4%. To put that in perspective, out of every nine 1922-S dollars originally minted, roughly eight are gone.

The Proof edition is a completely different kind of rare. Ten struck, ten surviving. A 100% survival rate — but good luck ever owning one.

Also Read: Top 40+ Most Valuable Presidential Dollar Coins Worth Money

 

The Easy Way to Know Your 1922 Silver Dollar Value

You don’t need a dealer or decades of experience. Three things matter: the mint mark on the reverse, the coin’s overall condition, and any errors or unusual features.

A worn example will trade near melt value. An uncirculated one can be worth multiples of that — and a rare variety or error can push the price into serious money.

The fastest way to get an accurate read is the Coin Identifier and Value App — snap a photo and it identifies variety, grade, and estimated value right from your phone.

 

1922 Silver Dollar Value Guides

Not all 1922 Silver Dollars are equal. The mint that struck yours matters more than most people think.

Same design, same silver content — but strike quality and value vary dramatically by facility. Here are the four main varieties:

• 1922 No Mint Mark Silver Dollar — struck at Philadelphia, the most common variety and the ideal entry point for new collectors
• 1922-D Silver Dollar — struck at Denver, often weakly struck but scarcer in high grades, making sharp examples especially valuable
• 1922-S Silver Dollar — struck at San Francisco, the most condition-sensitive of the three and the hardest to find with a strong, well-defined strike
• 1922 Proof Silver Dollar — an extremely rare category with only 5 to 15 known examples, commanding values from $92,000 to $437,000

Knowing which variety you have is the first step to an accurate value.

 

1922 No Mint Mark Silver Dollar Value

Did you know production actually stopped in early January 1922? The original high-relief dies kept shattering, so the Mint halted everything until a lower-relief version was ready. Every Philadelphia coin you’ll find carries that redesigned, lower-relief format — making it the baseline coin for the rest of the Peace Dollar series.

Luster on these ranges from soft, creamy white to hard, chrome-like brilliance. Even within the same grade, two coins can look completely different. That’s part of the fun when cherrypicking from dealer inventory.

In circulated grades, values hover near silver spot. Great entry point if you’re just getting started. MS65 examples are plentiful enough to meet demand, but MS66 gets thin fast. MS67? That’s an extreme condition rarity. One sold for $35,250 at Stack’s Bowers in August 2014.

Prices vary significantly depending on grade — the full breakdown across every level is in the table below.

The graph shows how market activity for this coin has trended over the past year.

 

1922-D Silver Dollar Value

Here’s a common misconception: people assume the Denver and Philadelphia coins are interchangeable. They’re not. The 1922-D was the very first silver dollar Denver ever struck in the Peace Dollar series, and it has a strike problem that follows it across nearly every grade.

Look at the reverse center on most 1922-D coins. The eagle’s high points are soft, sometimes mushy. You can often see original planchet texture right through the design. Die spacing issues at Denver caused this, and it means a well-struck example is genuinely hard to find — harder than the grade alone suggests.

In circulated condition, prices track close to Philadelphia issues. The gap opens fast in higher grades. An MS65 runs about $575, jumping to $1,100 at MS65+. Only four coins have been certified MS67 by PCGS, and one of those sold for $90,000 in 2018. If you find a sharp, fully struck 1922-D in an original holder, don’t let it go.

The auction table below reveals just how sharply values climb once strike quality and grade align on the same coin.

The activity graph traces exactly how the 1922-D has moved with collectors.

 

1922-S Silver Dollar Value

A 1922-S in MS65 with a sharp strike? That’s a coin most dealers have never held. This is the condition challenge of the entire 1922 lineup.

The story starts after the coins left the press. San Francisco dollars got beaten up in canvas bags during transport and storage, leaving heavy bag marks on surfaces that were already softly struck. Many then spent years circulating through Nevada casinos, which chewed through whatever was left. The result: pristine survivors are genuinely scarce.

Circulated grades price out similarly to the other 1922 issues. The real split happens at MS65, where a sharp-strike example runs $1,275 to $2,000. MS66 is a true condition rarity — population drops off a cliff above MS64. One MS66 brought $411,125 in May 2018, and the finest known examples have pushed well beyond that.

Because condition rarity drives nearly all the premium on this issue, the grade-by-grade auction data below is worth studying closely.

Market activity from the past year for the 1922-S Silver Dollar is charted below.

 

1922 Proof Silver Dollar Value

What would you pay for a coin only 10 people can own? The 1922 Proof Silver Dollar isn’t a single variety — it’s actually a family of four, each produced during the Mint’s experimental shift from high relief to low relief.

The High Relief Matte Proofs were struck on the medal press using multiple blows for maximum detail. Technicians then sandblasted the surfaces to create that fine granular texture collectors call a “Matte Proof.” The PCGS auction record sits at $458,250 for a PR67 sold at Goldberg Auctioneers in June 2014.

The Low Relief Matte Finish Proof has a pedigree tracing back to Chief Engraver George T. Morgan himself. A confirmed example sold for $192,000 at Heritage Auctions in January 2023.

PCGS lists the Satin Finish Low Relief variety separately — another surface treatment the Mint experimented with. Its record is $108,000 for a PR63, also at Heritage Auctions in January 2023.

Then there’s the oddball: the Satin Finish High Relief with a Reverse of 1921. Only one example has been certified by PCGS, graded PR60. It’s genuinely unique among all known 1922 Proof survivors.

These coins almost never trade. The table below captures documented auction results across all certified grades.

The market activity graph offers a rare window into how demand for these proof survivors has shifted in the current market.

Also Read: 17 Rare Dollar Coin Errors List with Pictures (By Year)

 

Rare 1922 Silver Dollar Error List

The 1922 date hides a surprisingly deep world of VAM varieties and mint errors. Many carry solid premiums over standard coins. All five below are PCGS-recognized and rank among the series’ most collectible die varieties.

1. 1922 Moustache VAM 12A

This one’s a crowd favorite. A die crack runs across Lady Liberty’s upper lip, giving her what looks exactly like a moustache. You can’t unsee it once you know what to look for.

Most PCGS-graded examples fall between AU55 and MS63, valued at $115 and $450 respectively. The finest certified at MS65 run $1,500 each. The best part for cherrypickers? The crack is visible without magnification on well-preserved coins, making this a great entry point into VAM collecting.

2. 1922 Scar Cheek VAM 5A

Look at Liberty’s cheek. See a vertical line running across it? That’s a die break, and it’s why this variety commands $900 to $1,500 in MS65.

The crack runs vertically across the cheek, making it one of the most visually obvious die varieties in the 1922 series. Because die breaks worsen with continued use, the depth and clarity vary from coin to coin. Sharply defined specimens with a bold, clean break are the ones advanced VAM collectors fight over.

3. 1922 Doubled Motto VAM 4

Want a PCGS-recognized TOP 50 VAM without spending four figures? This is your coin. The “IN GOD WE TRUST” motto shows clear doubling with visible separation lines between the doubled letters. Designer’s marks are doubled too.

Values range from $57 to $340 depending on grade. You’ll need magnification to see the doubling clearly, and stronger separation commands a bigger premium at auction.

4. 1922 Tripled Leaves VAM 5

Flip the coin over for this one. The olive branch leaves on the reverse show double or triple shelving — a layered, stepped appearance caused by a misaligned hub during die preparation. High-grade mint state examples reach up to $750.

Greysheet prices for this TOP 50 VAM range from $57 to $340 across mint state grades. We think it’s underappreciated relative to the obverse-focused varieties, especially since the tripling is bold enough to spot under a loupe.

5. 1922 Doubled Tiara VAM 8

Look above Liberty’s forehead at the tiara rays. On this variety, the rays show clear doubling with prominent separation lines. Values reach up to $1,500 for an MS65 grade.

Market pricing runs from approximately $57 to $300 across circulated and mint state grades. The doubling is most visible at the upper portion of the crown. Coins with bold, clean separation between the doubled elements draw competitive bidding at major houses — this is a variety that registry set collectors actively chase.

 

Where to Sell Your 1922 Silver Dollar?

From local dealers to major auction platforms, getting the best price for your 1922 Silver Dollar always starts with knowing exactly the right platform can make a significant difference in selling your 1922 Silver Dollar.

Check out now: Best Places To Sell Coins Online (Pros & Cons)

 

1922 Silver Dollar Market Trend

*Market Trend Chart showing the number of people paying attention to this coin.

 

FAQ About The 1922 Silver Dollar

1. What is the 1922 Silver Dollar?

It’s a Peace Dollar designed by Anthony de Francisci to mark the end of World War I. The 1922 was the first year of full-scale production — the 1921 version was a limited high-relief issue.

2. How much silver does a 1922 Silver Dollar contain?

Each coin holds 0.77344 troy ounces of pure silver in a 90% silver, 10% copper alloy. That gives every 1922 dollar a melt value floor regardless of grade.

3. Where is the mint mark on a 1922 Silver Dollar?

Check the reverse, below “ONE” and above the eagle’s tail feathers. “D” means Denver, “S” means San Francisco, and no mark means Philadelphia.

4. What is the 1922 Silver Dollar worth?

It depends on condition and mint mark. Common circulated examples trade under $50. Rare varieties and top-grade coins can hit five figures. Proof specimens have sold for well over $200,000.

5. Which 1922 Silver Dollar is the rarest?

The high-relief proofs. Around ten matte finish and ten satin finish specimens are believed to exist. Values range from $100,000 for a coin graded PR61 to $475,000 for the sole PR67.

6. What are the most valuable errors on a 1922 Silver Dollar?

The Double Die Obverse (DDO) is among the most sought-after, with visible duplication in Liberty’s profile and inscriptions. Prices range from $150 to $2,000 or more depending on doubling strength and condition.

The “Moustache” VAM variety — where a die crack creates the look of a moustache on Liberty’s lip — is another collector favorite.

7. Does “IN GOD WE TRVST” with a V mean my coin has an error?

No. This is the single most common misconception about Peace Dollars. The “V” is intentional classical Latin styling, used consistently throughout the entire series. It has zero effect on value.

8. Is the 1922-S Silver Dollar rarer than the 1922-D?

Both had large mintages, but they behave very differently in the market. The 1922-S is far more condition-sensitive — flat centers and soft details are the norm. A well-struck example in high Mint State is genuinely scarce and commands the strongest premiums of the three varieties.

9. Should I clean my 1922 Silver Dollar before selling it?

Never. Cleaning destroys numismatic value. Even light polishing strips the natural luster that graders look for. A cleaned coin will almost always receive a lower — or “details” — grade from PCGS or NGC, and serious collectors won’t touch it.

10. Is the 1922 Silver Dollar a good investment?

It draws both collectors and bullion buyers. The historical connection to post-WWI peace gives it lasting appeal, and .77344 ounces of silver provides a built-in floor. For the strongest long-term appreciation, focus on high-grade slabbed coins or rare varieties like the 1922 High Relief Proof.