The peace dollar features a design by Anthony de Francisci that depicts a female figure representing Peace standing in front of a mountain with an olive branch in her hand, while the liberty dollar features a design by Christian Gobrecht that depicts a female figure representing Liberty seated on a rock with a staff in her hand and a Phrygian cap on her head.
The peace dollar has a diameter of 38.1 millimeters and weighs 26.73 grams, while the liberty dollar has a diameter of 38.1 millimeters and weighs 26.73 grams. Both coins are made of 90% silver and 10% copper.