A peace dollar has a minimum value of $20.12 as if 2015, with the rare minted years of 1921 and 1928 being priced between $85 and $235 respectively. Peace dollars were minted with a content of 90 percent silver and 10 percent copper giving them a minimum melted market value.
Coin dealers and collectors rate the piece's value base on its condition, the ratings are good, fine, extra fine and never circulated, with the later being the most valuable. The one dollar coins contain 0.77 ounces or 26.73 grams of pure silver. Silver prices are calculated in troy ounces, which means that to figure the melted price, based on the current metal values, it is required to multiply the market price of silver by .0321507466.