The 1927-S Peace Dollar is one of the most sought after Peace Dollars in the entire series. A total of only 866,000 coins were ever minted, thus making it one of the lowest mintages of all time. A nice brilliant uncirculated specimen can run you almost $400 at current prices, while a higher end gem mint state quality can run you upwards of ten thousand dollars. The 1927-S Peace Dollar falls in between the 1927-P Peace Dollar and the 1927-D Peace Dollar in terms of mintage rarity. It is slightly more of a mintage than the 1927-S Peace Dollar, but slightly lower of a mintage than the 1927-D Peace Dollar.
The original designer of the Peace Silver Dollar was a immigrant named Anthony D. Francisci. He was ultimately chosen to design the Peace Dollar after winning a contest held by the United States Commission for Fine Arts. He was chosen out of seven other designers and given the task of designing the next silver dollar that would signify peace after the world war was just finished. As a result, Anthony made the obverse of the Peace Dollar a stunning goddess of liberty. Above lady liberty's head was the word "liberty". On the reverse of the coin was a bald eagle. The bald eagle can be seen holding a olive branch in its talons, thus symbolizing peace even further.
The Peace Dollar's design stayed constant throughout the entire series besides a couple minor varieties or otherwise called Vams. However, these very small almost unnoticeable differences and the overall design did not change. These small changes often resulted in new dies being used in new years of production. The only major variety of the Peace Dollar was the 1921 Peace Dollar. The 1921 featured a high relief while the rest of the series was a low relief or no relief. The reason that the U.S. Mint ultimately switched from the high relief in 1921 to the standard relief was because the coins were falling over in the banks when they tried to stack them.
