To calculate the peak velocity of a 1kg object dropped 1m onto a spring, the maximum speed occurs when the gravitational force equals the spring force, which can be expressed using energy conservation principles. The equation mv² + kx² + 2mgx = mv₀² is central to this calculation, where mv² represents kinetic energy, kx² is the spring potential energy, and 2mgx accounts for gravitational potential energy. The peak velocity can be derived by determining the point of maximum compression of the spring, where x = mg/k, leading to the expression v_max = √(v₀² + mg²/k). The discussion emphasizes the importance of correctly defining coordinate systems and understanding the signs of forces and energies involved in the calculations. Ultimately, the peak velocity is reached just before the object begins to decelerate due to the spring's compression.