Wallace, Idaho is a city in and the county seat of Shoshone County, Idaho, in the Silver Valley mining district of the Idaho Panhandle. Founded in 1884, Wallace sits alongside the South Fork of the Coeur d'Alene River (and Interstate 90), approximately 2,730 feet (830 m) above sea level. The town's population was 784 at the 2010 census.
Wallace is the principal town of the Coeur d'Alene silver-mining district, which produced more silver than any other mining district in the United States. Burke-Canyon Road runs through historic mining communities – many of them now deserted – north and eastward toward the Montana state line. The ghost town of Burke, Idaho is located 7 miles (11 km) to the northeast. East of Wallace, the Route of the Hiawatha (rails-to-trails) and the Lookout Pass ski area are popular with locals and tourists.
Wallace came into being on a river plain where four streams and five canyons converge onto the course of the South Fork. The earliest known white interest in the area was the construction of the Mullan Road, which followed the South Fork from near Cataldo almost to the pass that crossed into Montana. John Mullan did observe promising quartz outcroppings along their route when he passed through in late 1859.