1934-P Peace Dollar

Semi-key

Production resumed in 1934 after a six-year gap, under silver legislation of the New Deal era. A low-mintage Philadelphia issue that is nonetheless well represented in mint state, as collectors were paying attention by then.

Mintage

Business strikes: 954,057
Mint: Philadelphia (no mintmark)
Mintage rank: 5 of 25

Rank 1 is the lowest business-strike mintage in the series. Mintage is what the Mint produced, not what survives: the Pittman Act recoinage that created this series melted silver dollars in the hundreds of millions without recording dates, and later melts and hoards moved the numbers again.

Reading the figure

Among the 10 Philadelphia issues in the series it is the 3rd smallest. Of the 3,534,557 struck across all mints in 1934, this issue accounts for 27%. Denver struck 1.6 times as many that year. The 1934 split ran Denver 1,569,500, San Francisco 1,011,000 and Philadelphia 954,057. The series median is 1,939,000, so fewer than half as many of these were struck as a typical date. Series-wide output rose sharply that year: 3,534,557 against 1,992,649 in 1928.

Every sentence above is computed from the mintage table on this page, not asserted separately.

Scarcity tier

Semi-key

Assigned from reported mintage alone: under 750,000 is a key date, under 2,500,000 is a semi-key.

This is a reproducible label derived from the mintage column, not a market valuation and not a Coin Curator price opinion. The same thresholds apply to every series on this site. Several dates are far harder or far easier to obtain than their mintage implies; where that is true, it is stated above.

Weak strike is not wear. Peace dollars are notoriously softly struck, particularly the San Francisco issues of the 1920s. Read the full note on the series page.

What to check before buying

Nothing about this date calls for a check beyond the ones that apply to any certified coin.

And for any certified coin

Verify the certification number on the grading service’s own lookup rather than from a photograph of the label, match the listing images to the certification record including grade and any variety attribution, look for cleaning, compare the mintmark against published photographs of the genuine issue, and read the return policy before buying. The grading guide covers each of these in full.

Coin Curator does not grade, authenticate, or appraise coins, and publishes no price or population data. These are verification steps, not a valuation.

Verify a certification number

Look a 1934-Pcertification number up on the service’s own site. A photograph of a label proves nothing.

PCGS cert lookup NGC cert lookup ANACS cert lookup

Each service publishes its own guarantee with conditions and exclusions. Compare PCGS, NGC and ANACS.

Find a 1934-P for sale

Opens an eBay search for this exact date and mint. Coin Curator does not list inventory, hold stock, or quote prices; verify each listing, seller, and return policy directly.

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Common questions

How many 1934-P Peace dollars were minted?

The Philadelphia Mint struck 954,057 1934-P Peace dollars for circulation. That is the 5th lowest business-strike mintage of the 25 date and mintmark combinations in the series.

Is the 1934-P Peace dollar a key date?

Coin Curator labels it a semi-key, assigned from reported mintage alone: under 750,000 struck is a key date and under 2,500,000 is a semi-key. The same thresholds are used for every series on this site, so the tiers are comparable between them. That label describes production, not market value or how hard the coin is to find today. Production resumed in 1934 after a six-year gap, under silver legislation of the New Deal era. A low-mintage Philadelphia issue that is nonetheless well represented in mint state, as collectors were paying attention by then.

What should I check before buying a 1934-P Peace dollar?

Verify the certification number on the grading service's own lookup page, match the listing photographs to the certification record, check for cleaning, and compare the mintmark shape and position against published photographs of the genuine issue.

Guides for this coin

All guides →

Vintage Guide

Peace Dollar Collecting Guide

One of the most attainable classic US silver dollars. The 24-coin date set is within reach, while the 1921 High Relief, low-mintage 1928, and condition-rarity 1934-S give it depth.

2 min read Vintage Guide

Morgan Dollar Key Dates and Varieties

The 1893-S, 1895 Proof-only, 1889-CC, and important VAM varieties show why date, mint, attribution, and condition must be researched together.

1 min read Buying Guide

MS-63 vs MS-65 vs MS-67: Which Grade to Actually Buy

Adjacent grades can carry very different market evidence. Learn how to compare surfaces, eye appeal, population data, and current records before choosing a grade.

1 min read Education

PCGS vs NGC vs ANACS: Which Grading Service for Coins?

Compare PCGS, NGC, and ANACS by current service terms, holder and guarantee limitations, verification tools, and the needs of the particular coin.

1 min read

Mintage sources

Mintage figures are U.S. Mint production records, cross-checked against the published tables below on 2026-07-31. Where those tables disagree, the disagreement is disclosed on the affected page rather than resolved silently.

Wikipedia, "Peace dollar" mintage figures table — Per-mint breakdown cited to Breen, Complete Encyclopedia of U.S. and Colonial Coins.
CoinMintages.com, Peace dollar mintages — Lists the 1921 and 1922 high-relief strikings separately from the regular issues.
GovMint, silver Peace dollar mintage chart — Published as sourced from U.S. Mint records.

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