Why no Peace Dollars from `29-`33

Cam40

Its probably common knowledge but lets inform all the newbies.

jeffnpcb

Too many out already and with the small currency, nobody wanted to carry 10 ounces of metal in their pockets!

hookedoncoins

I have wondered this too. I assume it was because of the depression, but I really have no idea.

-Jarrett Roberts

coinguy1

According to Walter Breen:

" Coinage was halted in 1928 after the bullion purchased from Western silver mine owners was exhausted. (The Pittman Act, as amended, required such purchases in enough quantity to replace the 270,232,322 melted Morgan dollars.)"

SarasotaFrank

<< <i>(The Pittman Act, as amended, required such purchases in enough quantity to replace the 270,232,322 melted Morgan dolars.)" >>

hookedoncoins

Thanks for the incite Mark.

-Jarrett Roberts

DaveG

Sarasota Frank: If you're pining for the Morgans melted under the Pittman Act (which were sold to the British for recoinage in India), you could buy one of the 300 million Rupees minted in 1919 and 1920.

Perhaps a small percentage of your coin will be some of the 1895 circulation strike coins that may have all been melted!

Russ

Wow! 270 million Morgans were melted? How many were minted?

Russ, NCNE

LanLord

<< <i>Perhaps a small percentage of your coin will be some of the 1895 circulation strike coins that may have all been melted! >>

This statement alone really leaves me feeling a bit queezy, darn brits.

agfox

<< <i>Wow! 270 million Morgans were melted? How many were minted? >>



Approx 657,013,000 minted before the meltings of 1918...

Another 86,730,00 1921 Morgans minted after.. along with 183,502,722 Peace dollars minted from 1921 - 1928.

Book quoted numbers, don't hold me to them.

TheNumish

Interesting to think that if every American wanted to own a silver dollar there are not enough 1921 morgans and Peace dollars to do it. Add in the pre-21's and it could be done.

FC57Coins

Slightly off the topic... In this month's Coinage magazine they had an article on putting together year sets and how you could complete a set like Walkers or Mercs fairly inexpensively. Some of the pictures featured on the article were of Peace dollars, but the odd thing was that they had composite pictures of fictitious 1931 and 1933 Peace dollars which I found very odd in the context of the article. If you happen to have that issue (March 2003) check it out.

Frank

richbeat

FC:

I was just about to post the same thing. Seeing those dates on a Peace dollar kind of leaps out at you. The other thing that's weird is that they offer no explanation, they just simply printed the photos. A newbie seeing that would probably think that they existed.

relayer

There was no justice between 1929 and 1933

No justice - no peace.

Cam40

Coinage magizine.I guess the editors are only SQ collectors?
Thats a deplorable mistake to have in a COIN zin.