1935-S Peace Dollar

Semi-key

The last Peace dollar of the original run, and the date carrying the series' best-known reverse variety.

Mintage

Business strikes: 1,964,000
Mint: San Francisco (S)
Mintage rank: 15 of 25

Rank 1 is the lowest business-strike mintage in the series. Mintage is what the Mint produced, not what survives: millions of silver dollars were melted under the Pittman Act of 1918 without the dates being recorded.

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.

Documented varieties

Three Rays / Four Rays below ONE

Two reverse hubs were used, differing in the number of rays below the word ONE. The three-ray reverse is the scarcer of the two and is collected separately.

Widely recognised varieties only. The VAM reference catalogs thousands of die marriages across these series; the absence of a variety here does not mean none is documented elsewhere.

Weak strike is not wear

Peace dollars are notoriously softly struck, particularly the San Francisco issues of the 1920s. Flatness at the centre of Liberty's hair and on the eagle's feathers is often a striking characteristic rather than wear, and grading services account for it. Judge circulation wear on the cheek, the hair above the ear, and the eagle's shoulder, and compare against images of the same date rather than against a sharply struck coin from another year.

What to check before buying

1Verify the certification number on the grading service's own lookup page, not on the listing. A photograph of a label is not verification.
2Match the coin in the listing photographs to the coin described on the certification record, including the grade and any variety attribution.
3Look for cleaning: unnatural brightness, fine parallel hairlines in the fields, and a flat, lifeless surface under angled light.
4Check the mintmark shape and position against published photographs of the genuine issue. Added and altered mintmarks are the most common silver dollar alteration.
5Read the seller's return policy before bidding or buying, and confirm it covers authenticity and grade disputes.
6Count the rays below ONE on the reverse yourself rather than relying on the listing text; the two hubs are easy to confuse in a low-resolution photograph.

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

Verify a certification number

If a 1935-Sis offered as certified, look the number up on the grading service’s own site and confirm the date, mintmark, grade, and any variety attribution match the listing. A photograph of a label proves nothing on its own.

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 1935-S 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.

Affiliate link: Coin Curator may earn a commission at no extra cost to you. Disclosure.

Search eBay for 1935-S

Common questions

How many 1935-S Peace dollars were minted?

The San Francisco Mint struck 1,964,000 1935-S Peace dollars for circulation. That is the 15th lowest business-strike mintage of the 25 date and mintmark combinations in the series.

Is the 1935-S 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. The last Peace dollar of the original run, and the date carrying the series' best-known reverse variety.

What varieties exist for the 1935-S Peace dollar?

Widely recognised varieties for this issue include Three Rays / Four Rays below ONE. Two reverse hubs were used, differing in the number of rays below the word ONE. The three-ray reverse is the scarcer of the two and is collected separately. Variety attributions should appear on the certification label rather than only in a seller's description.

What should I check before buying a 1935-S 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. Count the rays below ONE on the reverse yourself rather than relying on the listing text; the two hubs are easy to confuse in a low-resolution photograph.

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.

Spotted an error? Submit a correction.