The 1921 Peace Dollar with the VAM-3 designation is a highly sought-after variety among collectors. VAM-3 specifically features a re-engraved ray passing over the first “L” in “DOLLAR” on the reverse, which is a diagnostic feature that helps identify this variety. This coin was struck during the initial year of the Peace Dollar series, designed to symbolize peace following World War I, and it is known for its artistic design by Anthony de Francisci.
This particular VAM-3 variety often displays a “Ray Through ‘L’,” a key detail that distinguishes it from other Peace Dollar varieties. Some examples also feature extra rays or die lines that can add to their rarity and appeal. Its collectible value is enhanced because the VAM-3 is among the top 50 varieties for Peace Dollars, with unique die characteristics that attract dedicated numismatists.
The coin in question, graded by ANACS as AU58 (About Uncirculated 58), indicates it has very slight wear but retains much of its original luster, and the “Details” label suggests it may have some minor surface imperfections or handling marks. The note that it “doesn’t look at all cleaned” is positive, meaning the coin’s surfaces are likely original and free of cleaning or artificial polishing, which maintains its desirability and value.
Values for the VAM-3 1921 Peace Dollar can vary based on condition, toning, and particular die improvements. In high grades, especially with eye-catching toning, these coins can fetch significant premiums—often reaching several hundred dollars in MS60–MS62 grade ranges. The top-condition, beautifully toned examples can be among the most desirable for collectors focusing on key varieties and early Peace Dollars.
In summary, the 1921 Peace Dollar VAM-3 in AU58 with no signs of cleaning is a top-tier variety with diagnostic features like the “Ray Through ‘L’.” Its rarity, historical importance as the first Peace Dollar, and attractive condition make it a valuable and sought-after piece among advanced collectors of early 20th-century U.S. silver coins.
















