1924 Silver Dollar Value Checker: Errors List, “S” & No Mint Mark Worth

In 1921, the U.S. Mint struck its first Peace Dollar — not as routine coinage, but as a deliberate statement. The coin was created to commemorate the truce between the United States and Germany following World War I, replacing the Morgan Dollar as America’s silver dollar of record.

By 1924, the series had hit its stride: the Philadelphia Mint struck nearly 12 million coins, many of which went straight into Treasury storage rather than circulation — a telling reflection of the postwar economic uncertainty still gripping the country.

The 1924 Peace Dollar also holds a broader distinction: it is part of the last generation of American silver dollars struck for circulation from 90% precious metal, a standard that ended permanently with the series in 1935. That dual legacy — wartime symbolism and monetary history — is precisely what sustains collector demand a century later.

Today, prices range from $82 in circulated grades to over $1,800 for pristine San Francisco examples. Understanding what drives that spread starts with a close look at 1924 Silver Dollar Value across every grade and mint mark.

 

1924 Silver Dollar Value By Variety

The 1924 Peace Dollar was struck at two mints — Philadelphia and San Francisco — each producing coins with distinct rarity profiles and value ranges. If you know the grade of your coin, you can find the exact price below in the Value Guides section.

Also Read: Top 30+ Most Valuable Peace Dollars Worth Money

 

Top 10 Most Valuable 1924 Silver Dollar Worth Money

Both the 1924 Philadelphia MS-68 and the 1924-S MS-66 achieved identical peaks of $54,625 — but that equivalence is deceptive. The Philadelphia coin reached that price in a grade two steps higher, which underscores just how conditionally scarce the San Francisco issue truly is. An MS-66 from the S-mint commands the same market respect as an MS-68 from Philadelphia — a rare dynamic in any coin series.

The drop-off below MS-65 is equally instructive. The 1924-S falls from $12,000 at Gem grade to $4,200 at MS-64 — a 65% decline across a single grade point. This kind of steep gradient signals a thin population at the top: when certified examples are scarce, each grade boundary becomes a genuine scarcity threshold rather than an incremental step.

Error varieties — the VAM 5A Broken Wing and the VAM 3 Doubled Reverse — occupy the mid-tier, trading between $1,175 and $2,233. Their values are driven by specialist demand rather than broad collector interest, making them more volatile and harder to price with confidence.

For the 1924 Peace Dollar, value is not a linear function of grade. It accelerates sharply above MS-65, and the S-mint premium compounds that effect at every level up the scale.

 

History of The 1924 Silver Dollar

The 1924 Silver Dollar’s origins lie in WWI. To support Britain against German economic destabilization, the U.S. Congress passed the Pittman Act of 1918, authorizing the melting of up to 350 million silver dollars for sale to Britain — with a mandate to restrike an equivalent number of new coins from domestic silver.

Recoinage began in 1921 with the Morgan Dollar, but public pressure quickly pushed the Treasury toward a new design. Treasury Secretary Mellon approved the Peace Dollar to commemorate the declaration of peace between the U.S. and Germany. The original high-relief design was soon modified — fields were flattened to extend die life and support mass production.

By 1924, the peak production years of 1921–1923 had passed. Philadelphia struck 11,811,000 coins that year; San Francisco just 1,728,000; Denver none at all. The 1924 Silver Dollar marks the series’ turning point — still accessible in circulated grades, yet the beginning of the supply contraction that drives collector premiums today.

Production halted in 1928 when Pittman Act silver ran out, resuming briefly in 1934–1935 before ending permanently. As part of America’s last generation of 90% silver circulation coinage, the 1924 Silver Dollar carries a historical significance that no reissue can replicate.

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

 

Is Your 1924 Silver Dollar Rare?

Which mint struck your 1924 Silver Dollar matters more than most collectors realize — the gap between the Philadelphia and San Francisco issues is substantial. For an instant rarity assessment of your specific coin, check the Coin Value Checker App.

 

Key Features of The 1924 Silver Dollar

The 1924 Silver Dollar rewards close examination — its design vocabulary is precise, and each element carries specific numismatic and historical weight that directly informs how collectors assess and price individual specimens.

The Obverse Of The 1924 Silver Dollar

Liberty faces left, wearing a radiate crown with several locks of hair flowing freely. De Francisci modeled the face on his wife, Teresa Cafarelli — an Italian immigrant who, as a child, had struck a pose imitating the Statue of Liberty as her ship passed it in New York Harbor. The radiate crown was a deliberate echo of that statue rather than classical Roman convention.

The motto IN GOD WE TRUST runs in a straight horizontal line, interrupted by Liberty’s neck — an unusual compositional choice that gives the obverse an uncluttered, modern feel compared to its Morgan predecessor. The date 1924 sits at the bottom, with LIBERTY arcing above.

The Reverse Of The 1924 Silver Dollar

De Francisci submitted two reverse concepts: an eagle aggressively breaking a sword, and an eagle at rest clutching an olive branch. The latter was chosen.

The eagle perches on a rock above a rising, unseen sun — its rays visible but the sun itself below the horizon, a compositional metaphor for a peace still dawning rather than fully arrived.

Notably, the standard arrows of war carried by American eagles on earlier coinage are absent entirely. The word PEACE appears on the rock, and UNITED STATES OF AMERICA arcs along the rim above.

Other Features Of The 1924 Silver Dollar

The 1924 Silver Dollar is struck in 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm and a reeded edge.

Its silver content amounts to 0.77344 troy ounces — enough that even heavily worn examples retain meaningful bullion value independent of their numismatic grade.

The mint mark, when present, appears on the reverse below the eagle’s tail feathers: an “S” for San Francisco, or absent entirely for Philadelphia.

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

 

1924 Silver Dollar Mintage & Survival Data

Philadelphia’s output of 11,811,000 coins looks substantial on paper, but a 30.48% survival rate means roughly seven out of every ten struck examples have been lost to circulation, melting, or attrition over the past century. That attrition is significant — yet the absolute survivor population of approximately 3.6 million still keeps the Philadelphia issue accessible to most collectors at most grade levels.

The San Francisco mintage of 1,728,000 was already modest by Peace Dollar standards, but a survival rate of just 3.47% reduces the viable population to an estimated 60,000 coins. That figure — spread across the full Sheldon grade spectrum from heavily worn to Gem Mint State — means that at any given grade above MS-63, certified examples number in the hundreds rather than thousands. This is what underpins the 1924-S premium: it is not merely a low-mintage coin, it is a low-survival coin, and the distinction matters enormously when assessing long-term collector demand.

Taken together, the two issues represent opposite ends of the Peace Dollar accessibility spectrum — one a reliable type coin, the other a genuine condition rarity at every level up the scale.

Also Read: Top 20+ Most Valuable Eisenhower Dollars Worth Money

 

The Easy Way to Know Your 1924 Silver Dollar Value

1924 Silver Dollar Value Guides

1924 No Mint Mark Silver Dollar Value

The Philadelphia issue is frequently underestimated. Among the four common Philadelphia Peace Dollar dates — 1922, 1923, 1924, and 1925 — the 1924 is the most elusive across all Mint State categories, yet its reputation as a “common date” keeps prices suppressed relative to actual certified populations.

Strike quality is generally above average, with luster ranging from soft and frosty to bright and flashy — a range wide enough that specimen selection matters considerably at the MS-63 and above threshold.

The population drops sharply above MS-66, and the series ceiling was set in November 2005 when an MS-68 example realized $54,625 at Heritage Auctions — an auction record that has held for two decades.

Every confirmed sale of the 1924 No Mint Mark Dollar, plotted by grade and date, is captured in the auction record chart below.

 

1924-S Silver Dollar Value

What makes the 1924-S genuinely difficult is not its mintage but its survival profile. San Francisco faced production issues including worn dies and inconsistent strike pressure, meaning most surviving examples show flatness in Liberty’s hair and the eagle’s feathers — and a well-struck specimen commands a premium that goes well beyond what the Sheldon grade alone justifies.

At the MS-66 level, only seven examples have been certified across PCGS and NGC combined as of mid-2025. That scarcity has driven a steady price escalation at the top end: one NGC MS-66 sold for $16,387 in 1999, resurfaced at $28,800 in 2021, while a PCGS MS-66 CAC example from the Paul Taylor Collection brought $54,625 in April 2011. The same coin appreciating across successive sales is a reliable signal of genuine scarcity rather than speculative momentum.

The auction record chart below maps every major sale of the 1924-S — a price history that doubles as a rarity document.

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

 

Rare 1924 Silver Dollar Error List

Errors often increase the 1924 silver dollar value, but it depends on their type, size, and part of the coin surface where they occur. Besides numerous minor imperfections, you can find some highly collectible pieces. Let’s take a look.

1. 1924 VAM 1A Bar D

The Bar D features a die gouge running from the letter D in the word GOD down toward the rim on the obverse — a vertical raised line of metal created during die production rather than striking. The diagnostic is specific enough that it cannot be confused with die deterioration: the gouge runs cleanly and consistently in a downward direction, identifiable under 10x magnification even on lightly worn examples.

PCGS records a population of just four examples at MS-65, with none graded higher — a remarkably thin ceiling for a Top 50 variety on a date with over 11 million struck. The auction record stands at $600 for an MS-64 sold on eBay in January 2023, a figure that likely undervalues the variety given how infrequently attributed examples appear in dedicated numismatic auctions. Unattributed Bar D coins still trade at generic 1924 prices in dealer stock — making this one of the more realistic cherry-pick targets for variety-focused collectors who know what to look for.

2. 1924 VAM 2 Doubled Reverse

The VAM 2 is the most structurally significant Philadelphia variety for 1924. Doubling occurs on the reverse die, with splits visible across the upper and lower left rays radiating from behind the eagle — readable under 10x magnification with directional, single-source lighting. Critically, the doubling remains distinct at all angles, which distinguishes true hub doubling from the far more common machine doubling that adds no numismatic value.

The variety has been certified across a broad grade range, and the population is manageable enough to support consistent attribution premiums at auction. The record stands at $852 for an MS-64 at Heritage Auctions in February 2014. At lower Mint State grades, unattributed examples are still findable in bulk silver and dealer inventories — the diagnostic is specific, but the date is common enough that patient collectors have realistic odds of discovery.

3. 1924 VAM 5A Broken Wing

A heavy, semicircular die break through the eagle’s wing on the reverse identifies this variety — and unlike most VAM diagnostics, the Broken Wing is visible to the naked eye on well-preserved examples, requiring no loupe for initial detection. That accessibility gives it broad collector appeal well beyond the specialist VAM circuit.

NGC has attributed only 47 examples, a population that confirms genuine scarcity despite the Philadelphia issue’s overall abundance. Auction results range from $257 at MS-64 up to $2,233 for an MS-67 from the Sweet Bloomfield Collection — a spread driven entirely by condition, since the die break detail must remain fully defined and the luster intact for a specimen to reach the upper end of that range. CAC-approved examples at MS-64 appear periodically through David Lawrence Rare Coins, consistently attracting premiums above standard Top 50 pricing.

4. 1924 VAM 8A Extra Hair

The Extra Hair variety is defined by additional die lines in Liberty’s hair above the ear on the obverse — raised wispy lines that deviate from the standard hub design, indicating die reworking or an anomaly in hub transfer. Unlike the die break varieties, identification requires magnification and familiarity with the standard hair treatment, which keeps a significant number of examples unattributed in the marketplace.

That diagnostic subtlety is precisely where the opportunity lies. Lower-grade uncirculated pieces typically sell in the $75 to $150 range depending on the visibility of the extra hair feature, while correctly attributed MS-64 examples have reached $552 at Heritage Auctions. The VAM 8A also carries Elite 30 recognition in certain slab labels — a secondary designation that adds further collectibility for registry set builders and specialists pursuing the full 1924 variety landscape.

5. 1924-S VAM 3 Doubled Reverse

This San Francisco variety combines the already scarce 1924-S base coin with a dramatic doubled reverse. The doubling is most visible on the eagle’s feathers, particularly around the wing and body areas — requiring close examination but rewarding it with one of the more visually compelling variety diagnostics in the 1924 series.

What sets this variety apart from its Philadelphia counterparts is the compounding scarcity premium: a low-survival semi-key date carrying a Top 50 attribution creates a market dynamic that generic S-mint examples simply cannot replicate. An MS-64 specimen reached $1,175 at Heritage Auctions in 2016 — more than double a standard 1924-S MS-64 price — and correctly attributed circulated survivors are rarer still. For collectors assembling a complete 1924 VAM set, the S-mint VAM 3 is the most challenging acquisition by a considerable margin.

 

Where to Sell Your 1924 Silver Dollar?

Now that you’ve determined your 1924 silver dollars’ worth, are you wondering about the best online platforms to sell them? I’ve got you covered with a comprehensive guide to these websites, complete with detailed descriptions, advantages, and drawbacks.

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

 

1924 Silver Dollar Market Trend

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

 

FAQ about 1924 Silver Dollar

1. How can I tell if my 1924 Peace Dollar is from Philadelphia or San Francisco?

Check the reverse side of the coin, directly below the eagle’s tail feathers and above the word ONE. A small “S” indicates San Francisco production; no mint mark means Philadelphia. The “S” can be faint on worn examples, so use good lighting and a magnifying glass for confirmation.

2. Is the 1924 Silver Dollar made of real silver?

Yes. Every 1924 Peace Dollar contains 90% silver and 10% copper, with a total weight of 26.73 grams. The actual silver content is 0.77344 troy ounces per coin. This means even a heavily circulated example retains intrinsic bullion value tied directly to the current silver spot price.

3. Why is the 1924-S so much more expensive than the Philadelphia version?

It comes down to survival rates. The Philadelphia issue has a survival rate of around 30%, leaving millions of accessible examples on the market. The 1924-S survival rate is just 3.47%, translating to an estimated 60,000 coins across all grades — and far fewer in collectible condition. Add in characteristic strike weakness from the San Francisco facility, and a well-struck, high-grade example becomes genuinely scarce.

4. What does MS-65 mean, and why does it matter so much for the 1924-S?

MS-65, or Gem Mint State, is the threshold where a coin shows full original luster with only minimal contact marks visible under magnification. For the 1924-S specifically, the jump from MS-64 to MS-65 represents a dramatic price increase — from around $4,200 to $12,000 — because the certified population drops sharply at that point. Each grade step above MS-63 on the 1924-S represents a genuine scarcity boundary, not just an incremental quality difference.

5. What is a VAM variety, and should I check my 1924 dollar for one?

VAM stands for Van Allen and Mallis, the authors of the definitive reference cataloguing die varieties in Morgan and Peace Dollars. A VAM variety is a coin struck from a die with a distinctive anomaly — a doubling, a die gouge, or a die break. The 1924 issue has five notable VAMs, four of which carry Top 50 status. If your coin grades MS-62 or above, it is worth examining under 10x magnification before selling, since an attributed Top 50 variety can multiply the coin’s value significantly.

6. My 1924 dollar looks worn. Is it still worth anything?

Yes. A circulated 1924 Philadelphia dollar typically trades at or slightly above its silver melt value, which fluctuates with the spot price of silver. Even a heavily worn example is worth the intrinsic value of its 0.77344 troy ounces of silver. The 1924-S in circulated grades commands a modest premium above melt due to its lower survival numbers. Neither issue becomes truly worthless regardless of condition.

7. The 1924 Peace Dollar shows “TRVST” instead of “TRUST.” Is that an error?

No — this is an intentional design choice, not a minting error. Anthony de Francisci used the Latin convention of substituting V for U in the motto IN GOD WE TRVST. It appears on every Peace Dollar ever struck across the entire 1921–1935 series and carries no numismatic premium whatsoever.

8. How do I know if my 1924 Silver Dollar is genuine?

A genuine 1924 Peace Dollar should weigh exactly 26.73 grams, measure 38.1 mm in diameter, and have a reeded edge. Silver has no magnetic properties, so a strong magnet can screen out base metal fakes. More importantly, examine the design details under magnification — counterfeits made by casting show blurry, mushy detail and may have tiny surface pores. For any coin you believe may be worth more than $200, professional grading through PCGS or NGC is the most reliable authentication method.

9. Does cleaning a 1924 Silver Dollar affect its value?

Significantly. Cleaning removes original surface luster and leaves hairlines that are immediately visible under magnification to any experienced grader. A cleaned coin will be designated “details” by PCGS or NGC rather than receiving a clean numerical grade, and it typically sells for 30–60% less than an unaltered example at the same apparent grade level. Natural toning and original surfaces, even if the coin looks dark or uneven, are always preferable to a cleaned appearance.

10. Is now a good time to buy a 1924 Silver Dollar as an investment?

The 1924 Philadelphia issue offers a relatively low-risk entry point because its price floor is anchored to silver melt value, limiting downside. The 1924-S presents a more compelling long-term case: a 3.47% survival rate, consistent auction appreciation at the top grades, and growing collector recognition as a semi-key date all support sustained demand. That said, condition is everything — a mid-grade example appreciates slowly, while high-grade certified coins have demonstrated meaningful price growth across successive auction appearances. Always buy the best example your budget allows.