Dollar Eisenhower

1921 Peace Dollars

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 bit of laws known as the Pittman Act & the need for a coin to commemorate World Peace after the top of WWI in 1918 set the stage for the 1921 Peace Silver Greenback to be released.

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

The Morgan Dollar was minted in any respect 3 mints in 1921 to the tune of round 86 million coins. On the identical time the brand new Peace Dollar was being designed by Anthony DeFrancisci, a famous designer of medals. His design was decidedly completely different from previous designs in a few notable ways. First, his depiction of LIBERTY confronted left as an alternative of right as she did within the Morgan Dollar & Barber coins of the period, & she wears a crown of rays round her head. His Eagle is at relaxation with wings folded on the reverse, rather than in flight as or with wings unfold as in previous coin designs. The Eagle stands on a mound with the word PEACE on it, with rays extending out from the mound. Essentially the most distinct distinction was the reduction of the coin. Being a designer of medals DeFrancisci used the excessive reduction design [that a] medal would bear, one thing not yet tried on a US coin design.

Once the Peace design was prepared, mintage of Morgans was suspended & 1,006,473 1921 Peace [Dollars] have been struck on the Philadelphia mint. This was the one yr that the coin was not minted no less than 1 of the opposite 2 branch mints, making the this 1921 silver greenback the one design not to bear a mint mark. In subsequent years the mint mark would appear on the reverse underneath the Eagle’s tail feathers. The cash had been very detailed due to the excessive aid, however this also made them tough stack & the design was changed to low aid in 1922 & from then on the coins had a typical low relief.

The combination of its low mintage, distinctive excessive aid design, & first year of release makes the 1921 Peace Dollar a really collectible & very fascinating coin. The design was halted after solely seven years in 1928 because of the necessities of the Pittman Act being met. It made a quick reappearance in 1934 & 1935 earlier than being as soon as again discontinued. It was the last true Silver Dollar design within the United States, with the Eisenhower & Susan B. Anthony [Dollars] being clad with no silver content.

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Perfect Power Eisenhower Dollar by Johnny Wong – Tric at Penguin Magic