So I'm thinking of starting a date set, and since I have the largest denom coin dated 1922, I figure I'd make it a 1922 set. Well it will be a small set as there is no nickel, dime, quarter, half, $5, or $10 dated 1922. So I'd have an awesome set of a cent, a dollar, and a $20. Maybe I could throw a commem half in there, but does anyone know why hardly anything was minted in 1922?
We simply did not need the coinage. Coming off of WWI there was no need for small change then. It is similar to what happened in the early 30's as well.
http://www.coindatabase.com/coin_usa_sort.php?ano=1922 I believe this is it.. Looks like a small year set
they list Philly as making cents ! 1 ct. Lincoln UNITED STATES Obverse thumbnail for 1922 US 1 ct. minted in Philadelphia Reverse thumbnail for 1922 US 1 ct. minted in Philadelphia Diameter: 19,00 mm Thickness: 0,00 mm Weight: 3,11 gr 95% Cooper 5% Tin and Zinc Cdb Year Mint Mintage Notes B013037 1922 Philadelphia 7.160.000 1 ct. Lincoln UNITED STATES Obverse thumbnail for 1922 US 1 ct. minted in Denver Reverse thumbnail for 1922 US 1 ct. minted in Denver Diameter: 19,00 mm Thickness: 0,00 mm Weight: 3,11 gr 95% Cooper 5% Tin and Zinc Cdb Year Mint Mintage Notes B013038 1922D Denver not available
After the end of WWI the economy, geared up for war time, went into a recession. (This is typical after wars) Because of the recession demand for coins declined greatly. The mint used this decline to their advantage by shifting much of their production capacity over into silver dollar production. it kept their people employed and help get the coins required to be struck under the Pitman act out of the way sooner.
They were cranking out the new Peace dollars and just coming off the 1921 Morgans. Coins that will be around for a long time.
