The Peace Dollar was originally minted in 1921 and end in 1935. The 1922 Peace Dollar was the second year of issue in the Peace Dollar series. It was the first year that the U.S. Mint produced a standard relief. They did this because banks had trouble stacking the 1921 High Relief Peace Dollar, therefore they made the 1922 a low relief. The design of the Peace Dollar was crafted by mint engraver Anthony D. Francisci. The obverse design of the coin featured a stunning lady liberty which wore a crown. The reverse featured a standing eagle. The Peace Dollar was produced to represent peace after the world war and replaced the Morgan Silver Dollar.
Each Peace Dollar was minted in 90% silver and 10% copper. The Peace Dollar was the last silver dollar to be issued for circulation. Each Peace Dollar ever minted contains .7743 ounces of pure silver. Collectors often collect Peace Dollars in a variety of different ways. Typical collectors buy them in rolls or for the silver content, PCGS certified or NGC certified, Dansco albums, or date sets.
A 1922 Peace Dollar had a mintage of 51,737,000 coins. This is why the 1922 Peace Dollar is one of the so called "common dates" in the series. A nice brilliant uncirculated specimen typically shouldn't cost you more than $50 per coin. Of course, this is not set in stone because qualities of every coin are unique. Furthermore, be careful of coins that look great but have damage. This can significantly decrease the value of the piece.
