1922-D

The 1922-D, at 15,063,000 pieces, is the largest Denver output of the Peace Dollar series and the first Denver-struck coin after the 1921 inaugural year sent the entire mintage through Philadelphia. The Pittman Act of 1918's recoinage timeline required substantial second-year production beyond the Philadelphia push, and Denver received roughly 25 percent of the 1922 share. Anthony de Francisci's Low Relief redesign carried through to Denver unchanged: a radiate Liberty head modeled on Teresa Cafarelli on the obverse, with an eagle perched on a rock holding an olive branch beneath a rising sun on the reverse.

Strike quality on the 1922-D is consistent with the Low Relief retooling but runs slightly behind the 1922 Philadelphia. Denver dies tended to produce slightly softer Liberty hair detail and eagle feathers, particularly on coins from later die states across the year's high-volume run. Most surviving examples grade MS62 to MS65 from broken Treasury bag releases, with PCGS, the Professional Coin Grading Service, and NGC populations clustering at MS63 and MS64. MS65 examples are available but thinner than the 1922 Philadelphia equivalent, and the differential to MS66 anchors the only meaningful premium. No major doubled-die or repunched-mintmark varieties carry material premiums on the 1922-D outside the Van Allen-Mallis specialist market.

The 1922-D is a regular common date and the entry-grade D-mint pickup of the series. Pricing has held flat for two decades at modest premiums above the 1922 Philadelphia, with the gap widest at MS65 because Denver's slightly weaker strike caps the upper-tier population. Original Treasury bag examples from the 1950s and 1960s remain the most common source. The 1922-D pairs naturally with the 1923-D as the early-run Denver issues that anchor the lower end of the Denver Peace Dollar collecting series. For the Pittman Act recoinage context and the Low Relief design transition, see the Peace Dollar series history.