The Peace dollar is a United States dollar coin minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. Its reverse
depicts an eagle at rest clutching an olive branch, with the legend
"Peace". It was the last United States circulating dollar coin to be
struck in silver.
With the passage of the Pittman Act in 1918, the United States Mint was required to strike millions of silver dollars, and began to do so in 1921, using the Morgan dollar design.
Numismatists began to lobby the Mint to issue a coin that memorialized the peace following World War I;
although they failed to get Congress to pass a bill requiring the
redesign, they were able to persuade government officials to take
action. The Peace dollar