1927-P VAM-1

Description

With a mintage of only 848,000 pieces, the 1927 Philadelphia Peace Dollar ranks among the scarcest regular-issue dates in the series, making even the baseline VAM-1 die pair a coin of consequence. The Van Allen-Mallis catalog assigns the number 1 designation to the standard die combination — the normal pairing that establishes the reference point for identifying features on all subsequent varieties. At fewer than one million coins struck, the 1927-P required comparatively few working dies, inherently constraining the universe of possible die varieties and making each cataloged pairing more significant. Anthony de Francisci's design was struck in 90% silver at 26.73 grams on 38.1mm planchets at the Philadelphia Mint during a period of declining silver dollar demand in the late 1920s. The low mintage translates to premium pricing across all grades, with Mint State examples particularly sought after. For the die variety specialist, the 1927-P VAM-1 is not merely a starting point but a scarce coin in its own right, where semi-key date status and baseline catalog position create enduring collector interest.

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