The Peace Dollar was originally issued in 1921 as a high relief coin. However, banks shortly realized that the coins could not easily be stacked and were thus impractical for circulation. As a result, the 1922 Peace Dollar was changed to a low relief. Until its end in 1935, the Peace Dollar remained a low relief. The 1926 Peace Dollar was no exception. Besides the low relief, the 1926 Peace Dollar only had 1,939,000 coins ever minted making it one of the lower mintage Peace Dollars in the series. A collector can find a nice brilliant uncirculated 1926 Peace Dollar currently for around $80-$90. However, coins that are in higher mint state condition can go for upwards of thousands.
The Peace Dollar's stunning design can be credited to designer Anthony D. Francisci. Anthony was chosen to design the Peace Dollar over 7 other designers after a competition held by the United States Commission for Fine Arts. The only guideline that Anthony was given when designing the Peace Dollar was to make sure the silver dollar symbolized peace, as we had just finished a world war. To do so Anthony made the obverse of the Peace Dollar lady liberty as a goddess and the reverse a stunning eagle standing in the wind. In the eagles talons was a olive branch, further symbolizing peace.
Each Peace Dollar was composed of the same silver content of .7734 ounces per coin. To be exact, the coin was composed of 90% silver and 10% copper. The coin featured a diameter of 38.1mm, a weight of 26.73 grams, and a beautiful reeded edge. The design of the Peace Dollar stayed the same every year other than the 1921 Peace Dollar, which was a high relied instead of a standard relief.