09-06-2006, 11:42 AM
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#1 (permalink)
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| Coin Collector
Join Date: Aug 2006 Location: Fort Myers, FL
Posts: 1,704
My Mood:  | Trivia - Peace Dollars
Do you know Peace Dollars were struck by the mint without authorization? Congress wanted the 1921 P, D, and S Morgan Dollars to be the last silver dollars struck. The director of the Philidelphia mint used the terms of the Pittman Act to strike a commemerative coin. That coin was to be a half dollar or dollar. They employed a medallist to come up with a design. Anthony De Francisci designed the Peace Dollar. His design was in "High Relief", okayed and 1,006,473 "High Relief 1921 Peace Dollars were struck in December 1921,but were not released to the banks and the public as legal tender until January 3, 1922. The mint struck some 1921 proof Peace Dollars with a matte finish. 35,401 "HIgh Relief" 1922 Peace Dollars were struck, but the "High Relief" design proved impractical for a circulating coin, so the coin dies underwent a slight modification and most of the "High Relief" 1922 dollars were melted. No other Peace Dollar was struck in "High Relief". However there are normal relief and high relief 1922 proof dollars. Both types were struck with a matte or satin finish.
Some S mint Peace Dollars have small and large mintmarks. Somehow the coin dies were modified in 1935 at the San Francisco Mint and two types of the 1935-S Peace Dollar exist. Type 1 has 4 rays under ONE on the reverse and Type 2 has 3 rays under ONE. Both types sell for the same amount at this time.
Hope this enhances your numismatic knowledge,
Clinker
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