Gary's 20th Century Type Set
S$1 PEACE HIGH RELIEF 1921


Obverse
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Coin Details

  

Set Details
Origin/Country: United States
Design Description: SILVER DOLLARS - PEACE LIBERTY HEAD
Item Description: $1 1921 PEACE HIGH RELIEF
Grade: NGC MS 62
Owner: coinsbygary
 
Winning Set: Gary's 20th Century Type Set
Date Added: 9/7/2009
Research: See NGC's Census Report for this Coin

Owner's Description

Coin enthusiasts have the Pittman Act of 1918 to thank for the “Peace Dollar”. With a sufficient supply of silver dollars on hand and little or no public demand, we would not have the “Peace Dollar” today had it not been for the Pittman Act. Under the provisions of the law, the Mint was to issue a corresponding number of new silver dollars for older dollars that had been melted into bullion and sold. Accordingly, on December 21, 1921 minting of the “Peace Dollar” began with 1,006,473 coins. 1921-dated dollars were minted in high relief, but due to problems with excessive die breakage, the relief was lowered in 1922 creating this first-year/one-year die variety. This semi-key date MS-62, 1921 “Peace Dollar” is an example of that variety. Minting of the “Peace Dollar” stopped in 1928 and resumed in 1934 and 1935 as backing for “Silver Certificates”. In 1965, 316,076 dollars dated 1964 were minted at Denver to meet the needs of Nevada's casinos. However, production was stopped and all the coins dated 1964 have subsequently been melted.

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