HAWAIIAN

1928 Peace Silver Dollar

Until 1921, no new silver [dollars] had been minted in the United States because the 1904 Morgan Dollar. Demand for silver [dollars] was low & there was no need for any further mintage. The mix of a piece of legislation known as the Pittman Act & the will for a coin to commemorate World Peace after the tip of WWI in 1918 set the stage for the 1921 Peace Silver Dollar to be released.

The Pittman Act known as for 350,000,000 present Morgan [Dollars] to be melted for bullion & for Congress to buy the equivalent quantity of silver from US mines at a set value of 1 an ounce. This silver was to be used to mint a like number of new silver [dollars], & the resulting 23 cent distinction per dollar being considered a subsidy to the nation’s silver producers.

The Morgan Dollar was minted at all 3 mints in 1921 to the tune of around 86 million coins. At the identical time the new Peace Dollar was being designed by Anthony DeFrancisci, a famous designer of medals. His design was decidedly different from previous designs in a few notable ways. First, his depiction of LIBERTY faced left instead of right as she did in the Morgan Dollar & Barber cash of the era, & she wears a crown of rays around her head. His Eagle is at rest with wings folded on the reverse, moderately than in flight as or with wings unfold as in earlier coin designs. The Eagle stands on a mound with the word PEACE on it, with rays extending out from the mound. The most distinct distinction was the relief of the coin. Being a designer of medals DeFrancisci used the high relief design [that a] medal would bear, one thing not yet tried on a US coin design.

Once the Peace design was ready, mintage of Morgans was suspended & 1,006,473 1921 Peace [Dollars] had been struck on the Philadelphia mint. This was the only year that the coin was not minted at least 1 of the opposite 2 department mints, making the this 1921 silver greenback the only design not to bear a mint mark. In subsequent years the mint mark would seem on the reverse underneath the Eagle’s tail feathers. The coins had been very detailed because of the excessive reduction, however this additionally made them troublesome stack & the design was modified to low aid in 1922 & from then on the coins had a normal low relief.

The combination of its low mintage, unique excessive relief design, & first year of launch makes the 1921 Peace Dollar a really collectible & very desirable coin. The design was halted after only seven years in 1928 due to the necessities of the Pittman Act being met. It made a brief reappearance in 1934 & 1935 before being as soon as again discontinued. It was the final true Silver Greenback design within the United States, with the Eisenhower & Susan B. Anthony [Dollars] being clad with no silver content.

At Valueincoins.com find out all about 1922 peace silver dollar, 1921 peace dollars, and 1928 peace dollars.

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