The value of a 1922 Liberty Eagle silver dollar, known as the Peace dollar, is primarily affected by the relief level of the design. Most Peace dollars from 1922 feature a low-relief design, but about 35,000 out of 84 million were minted with a design in a higher relief.
1922 is the most common date among the entire series of Peace dollars, which were minted from 1921 to 1928 and 1934 to 1935. Out of 35,401 high-relief 1922 Peace dollars, only about 12 are known to exist. As of 2015, the coins are valued at over $80,000.
Regardless of condition, all of the Peace dollars from 1922 are worth more than the face value due to the silver content of the coin. The value of a circulated Peace dollar typically varies with silver bullion values. One Peace dollar coin has 0.77 ounces of silver. If the spot price of silver is $20, then the value of the coin is about $16 to $20. An uncirculated 1922 Peace dollar is typically worth only a few more dollars. Because a majority of the coins were minted in Philadelphia, the coins from San Francisco and Denver tend to fetch a little more money due to their relative rarity.