The 1924 Peace dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
- 1924 Silver Dollar Value Price
- 1943 Half Dollar Value
- 1924 Silver Dollar Value In God We Trvst
- 1924 American Silver Dollar Value
Specifications
Type: Peace Dollar Year: 1924 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 11,811,000 Silver Content: 90% Silver Weight.7735 oz. Silver Melt: $20.68. 1924 Uncirculated Silver Peace Dollar Seize a 'peace' of history for your coin collection. This handsome, uncirculated silver dollar features imagery emblematic of the peace that followed World War I. Kept out of circulation all these years, this coin is ready to fulfil its destiny as part of your personal collection.
The 1928 Philadelphia minted Peace silver dollar has the lowest mintage in the entire series with only 360,649 pieces produced. With the Great Depression starting to take its toll on the United States economy, the demand for coinage by the American people began to drop. In fact, there are no Peace silver dollars minted between 1929 and 1933. Current silver melt value. for a 1924 No mint mark is $20.69 and this price is based off the current silver spot price of $26.75 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value. Want to join CoinTrackers and Track Your Coins 100% FREE? More of the Same 1928 S Peace Dollar.
Type: Peace Dollar
Year: 1924
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.08
Year: 1924
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.08
The US minted the 1924 silver dollar with no mint mark and also the 1924 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin, below the word 'ONE'.
Series | Location | Quantity Minted |
---|---|---|
1924 | Philadelphia | 11,811,000 |
1924 S | San Francisco | 1,728,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.08 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.26 per ounce.
The 1924 silver dollar with no mint mark is worth around $25 in very fine condition. In extremely fine condition the value is around $28. In uncirculated condition the price is around $30 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $100.
The 1924 S silver dollar is worth around $28 in very fine condition. In extremely fine condition the value is around $40. In uncirculated condition the price is around $235 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $6,500.
Click here to search for 1924 silver dollars on Amazon.
Grading System
Very fine- Liberty's hair looks quite worn. A few strands of hair around the ear are well defined. A portion of the eagle feathers on top and on the right wing's outside edge are visible.
Extremely fine- The hair lines over Liberty's brow and ear are strong, although slightly worn. Each of the eagle feathers on top and on the right wing's outside edge are visible but faint.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
Sources:
See also:
1925 Silver Dollar
1923 Silver Dollar
1922 Silver Dollar
1923 Silver Dollar
1922 Silver Dollar
Why a dollar today is worth only 7% of a dollar in 1924
Updated: January 13, 2020$100 in 1924 is equivalent in purchasing power to about $1,523.24 today, an increase of $1,423.24 over 97 years.The dollar had an average inflation rate of 2.85% per year between 1924 and today, producing a cumulative price increase of 1,423.24%.
This means that today's prices are15.23 times higher thanaverage prices since 1924,according to the Bureau of Labor Statistics consumer price index.A dollar today only buys 6.56% of what it could buy back then.
The 1924 inflation rate was 0.00%. The current year-over-year inflation rate (2020 to 2021) is now 1.36%1.If this number holds, $100 today will be equivalent in buying power to $101.36 next year.The current inflation rate page gives more detail on the latest inflation rates.
⌃
Cumulative price change | 1,423.24% |
Average inflation rate | 2.85% |
Converted amount ($100 base) | $1,523.24 |
Price difference ($100 base) | $1,423.24 |
CPI in 1924 | 17.100 |
CPI in 2021 | 260.474 |
Inflation in 1924 | 0.00% |
Inflation in 2021 | 1.36% |
$100 in 1924 | $1,523.24 in 2021 |
Annual Rate, the Bureau of Labor Statistics CPI
DownloadBuying power of $100 in 1924
This chart shows a calculation of buying power equivalence for $100 in 1924 (price index tracking began in 1635).
For example, if you started with $100, you would need to end with $1,523.24 in order to 'adjust' for inflation (sometimes refered to as 'beating inflation').
When $100 is equivalent to $1,523.24 over time, that means that the 'real value' of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1924 dollars, the chart below shows how $100 is worth less over 97 years.
Download
According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:
Year | Dollar Value | Inflation Rate |
---|---|---|
1924 | $100.00 | - |
1925 | $102.34 | 2.34% |
1926 | $103.51 | 1.14% |
1927 | $101.75 | -1.69% |
1928 | $100.00 | -1.72% |
1929 | $100.00 | 0.00% |
1930 | $97.66 | -2.34% |
1931 | $88.89 | -8.98% |
1932 | $80.12 | -9.87% |
1933 | $76.02 | -5.11% |
1934 | $78.36 | 3.08% |
1935 | $80.12 | 2.24% |
1936 | $81.29 | 1.46% |
1937 | $84.21 | 3.60% |
1938 | $82.46 | -2.08% |
1939 | $81.29 | -1.42% |
1940 | $81.87 | 0.72% |
1941 | $85.96 | 5.00% |
1942 | $95.32 | 10.88% |
1943 | $101.17 | 6.13% |
1944 | $102.92 | 1.73% |
1945 | $105.26 | 2.27% |
1946 | $114.04 | 8.33% |
1947 | $130.41 | 14.36% |
1948 | $140.94 | 8.07% |
1949 | $139.18 | -1.24% |
1950 | $140.94 | 1.26% |
1951 | $152.05 | 7.88% |
1952 | $154.97 | 1.92% |
1953 | $156.14 | 0.75% |
1954 | $157.31 | 0.75% |
1955 | $156.73 | -0.37% |
1956 | $159.06 | 1.49% |
1957 | $164.33 | 3.31% |
1958 | $169.01 | 2.85% |
1959 | $170.18 | 0.69% |
1960 | $173.10 | 1.72% |
1961 | $174.85 | 1.01% |
1962 | $176.61 | 1.00% |
1963 | $178.95 | 1.32% |
1964 | $181.29 | 1.31% |
1965 | $184.21 | 1.61% |
1966 | $189.47 | 2.86% |
1967 | $195.32 | 3.09% |
1968 | $203.51 | 4.19% |
1969 | $214.62 | 5.46% |
1970 | $226.90 | 5.72% |
1971 | $236.84 | 4.38% |
1972 | $244.44 | 3.21% |
1973 | $259.65 | 6.22% |
1974 | $288.30 | 11.04% |
1975 | $314.62 | 9.13% |
1976 | $332.75 | 5.76% |
1977 | $354.39 | 6.50% |
1978 | $381.29 | 7.59% |
1979 | $424.56 | 11.35% |
1980 | $481.87 | 13.50% |
1981 | $531.58 | 10.32% |
1982 | $564.33 | 6.16% |
1983 | $582.46 | 3.21% |
1984 | $607.60 | 4.32% |
1985 | $629.24 | 3.56% |
1986 | $640.94 | 1.86% |
1987 | $664.33 | 3.65% |
1988 | $691.81 | 4.14% |
1989 | $725.15 | 4.82% |
1990 | $764.33 | 5.40% |
1991 | $796.49 | 4.21% |
1992 | $820.47 | 3.01% |
1993 | $845.03 | 2.99% |
1994 | $866.67 | 2.56% |
1995 | $891.23 | 2.83% |
1996 | $917.54 | 2.95% |
1997 | $938.60 | 2.29% |
1998 | $953.22 | 1.56% |
1999 | $974.27 | 2.21% |
2000 | $1,007.02 | 3.36% |
2001 | $1,035.67 | 2.85% |
2002 | $1,052.05 | 1.58% |
2003 | $1,076.02 | 2.28% |
2004 | $1,104.68 | 2.66% |
2005 | $1,142.11 | 3.39% |
2006 | $1,178.95 | 3.23% |
2007 | $1,212.53 | 2.85% |
2008 | $1,259.08 | 3.84% |
2009 | $1,254.60 | -0.36% |
2010 | $1,275.18 | 1.64% |
2011 | $1,315.43 | 3.16% |
2012 | $1,342.65 | 2.07% |
2013 | $1,362.32 | 1.46% |
2014 | $1,384.42 | 1.62% |
2015 | $1,386.06 | 0.12% |
2016 | $1,403.55 | 1.26% |
2017 | $1,433.45 | 2.13% |
2018 | $1,469.18 | 2.49% |
2019 | $1,495.07 | 1.76% |
2020 | $1,513.52 | 1.23% |
2021 | $1,523.24 | 0.64%* |
This conversion table shows various other 1924 amounts in today's dollars, based on the 1,423.24% change in prices:
Initial value | Equivalent value |
---|---|
$1dollarin 1924 | $15.23dollarstoday |
$5dollarsin 1924 | $76.16dollarstoday |
$10dollarsin 1924 | $152.32dollarstoday |
$50dollarsin 1924 | $761.62dollarstoday |
$100dollarsin 1924 | $1,523.24dollarstoday |
$500dollarsin 1924 | $7,616.20dollarstoday |
$1,000dollarsin 1924 | $15,232.40dollarstoday |
$5,000dollarsin 1924 | $76,161.99dollarstoday |
$10,000dollarsin 1924 | $152,323.98dollarstoday |
$50,000dollarsin 1924 | $761,619.88dollarstoday |
$100,000dollarsin 1924 | $1,523,239.77dollarstoday |
$500,000dollarsin 1924 | $7,616,198.83dollarstoday |
$1,000,000dollarsin 1924 | $15,232,397.66dollarstoday |
Inflation by City
Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1924 to 2021 (figures shown are purchasing power equivalents of $100):
- San Francisco, California: 3.19% average rate, $100 → $2,039.31, cumulative change of 1,939.31%
- Seattle, Washington: 3.07% average rate, $100 → $1,816.16, cumulative change of 1,716.16%
- Boston, Massachusetts: 2.95% average rate, $100 → $1,629.29, cumulative change of 1,529.29%
- New York: 2.94% average rate, $100 → $1,617.45, cumulative change of 1,517.45%
- Philadelphia, Pennsylvania: 2.83% average rate, $100 → $1,462.62, cumulative change of 1,362.62%
- Houston, Texas: 2.82% average rate, $100 → $1,445.42, cumulative change of 1,345.42%
- Atlanta, Georgia: 2.80% average rate, $100 → $1,421.89, cumulative change of 1,321.89%
- Chicago, Illinois: 2.77% average rate, $100 → $1,376.52, cumulative change of 1,276.52%
- Detroit, Michigan: 2.72% average rate, $100 → $1,316.42, cumulative change of 1,216.42%
San Francisco, California experienced the highest rate of inflation during the 97 years between 1924 and 2021 (3.19%).
Detroit, Michigan experienced the lowest rate of inflation during the 97 years between 1924 and 2021 (2.72%).
Note that some locations showing 0% inflation may have not yet reported latest data.
Inflation by Spending Category
CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1924 and 2021.
Compare these values to the overall average of 2.85% per year:
Category | Avg Inflation (%) | Total Inflation (%) | $100 in 1924 → 2021 |
---|---|---|---|
Food and beverages | 3.91 | 4,014.04 | 4,114.04 |
Housing | 4.19 | 5,284.25 | 5,384.25 |
Apparel | 1.56 | 348.13 | 448.13 |
Transportation | 3.17 | 1,961.64 | 2,061.64 |
Medical care | 4.73 | 8,758.81 | 8,858.81 |
Recreation | 1.11 | 191.79 | 291.79 |
Education and communication | 1.85 | 492.57 | 592.57 |
Other goods and services | 4.99 | 11,128.75 | 11,228.75 |
The graph below compares inflation in categories of goods over time. Click on a category such as 'Food' to toggle it on or off:
For all these visualizations, it's important to note that not all categories may have been tracked since 1924. This table and charts use the earliest available data for each category.
Inflation rates of specific categories
Medical Care· Housing· Rent· Food· MoreInflation-adjusted measures
S&P 500 price·S&P 500 earnings·Shiller P/EHow to Calculate Inflation Rate for $100 since 1924
Our calculations use the following inflation rate formula to calculate the change in value between 1924 and today:
×
=
Then plug in historical CPI values. The U.S. CPI was 17.1 in the year 1924 and 260.474 in 2021:
×
=
$100 in 1924 has the same 'purchasing power' or 'buying power' as $1,523.24 in 2021.
To get the total inflation rate for the 97 years between 1924 and 2021, we use the following formula:
×
=
Plugging in the values to this equation, we get:
×
=
Comparison to S&P 500 Index
The average inflation rate of 2.85% has a compounding effect between 1924 and 2021. As noted above, this yearly inflation rate compounds to produce an overall price difference of 1,423.24% over 97 years.
To help put this inflation into perspective, if we had invested $100 in the S&P 500 index in 1924, our investment would be nominally worth approximately $1,593,040.48 in 2021. This is a return on investment of 1,592,940.48%, with an absolute return of $1,592,940.48 on top of the original $100.
These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.
The compounding effect of inflation would account for 93.44% of returns ($1,488,458.10) during this period. This means the inflation-adjusted real return of our $100 investment is $104,482.39. You may also want to account for capital gains tax, which would take your real return down to around $88,810 for most people.
Original Amount | Final Amount | Change | |
---|---|---|---|
Nominal | $100 | $1,593,040.48 | 1,592,940.48% |
Real Inflation Adjusted | $100 | $104,582.39 | 104,482.39% |
Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1924 to latest available data for 2021 using average monthly close price.
1924 Silver Dollar Value Price
For more details on the S&P 500 between 1924 and 2021, see the stock market returns calculator.
1943 Half Dollar Value
Raw data for these calculations comes fromthe Bureau of Labor Statistics'Consumer Price Index(CPI), established in 1913. Inflation data from 1665 to1912 is sourced from a historical study conducted by political scienceprofessor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page:“Value of 1924 dollars today | Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Feb. 2021, https://www.officialdata.org/us/inflation/1924.
1924 Silver Dollar Value In God We Trvst
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
1924 American Silver Dollar Value
Other resources: