How come there were no silver dollars produced between the end of the peace dollar and the begging of the eisenhower??
Here are links to the histories of the Peace and Eisenhower dollars. Perhaps this will help. http://www.coinsite.com/CoinSite-PF/PParticles/$1peace.htm http://www.coinsite.com/CoinSite-PF/PParticles/$1eisen.htm
An easy answer might be that no one wanted them. There were millions of silver dollars to be had for $1 each, rotting away in bank vaults across the country, up until the US dumped silver from it’s coins in 1964. The problem is the same one the Sacky faces today. Given the choice between a paper dollar and a heavier dollar coin, people chose the paper dollar. And, if the Sacky is being rejected today, you can imagine how people felt about carrying a coin twice as big and twice as heavy.
Thread should be the failure of the peace to the sac JBK is right...given the choice between paper and coin, paper dollar notes won. So the mint hears that IKE's are too big and heavy and they produce Susan B.'s which are just a hair larger than a quarter...from one extreme to the other. (Insert "Homer Simpson" Doooh here) O.K....let's get it right and produce SAC's. I like the size, weight and color of this coin. I would like to see some of the concept designs as previously discussed, but again...given the choice between paper $1 notes and coins, the public would rather have notes. How could you have paper dollars over a dollar coin that "could" look like this? Until the government stops making $1 notes altogether, a dollar coin will never be received which is sad for us collectors and the US tax paper that continues to spend $500 million per year producing dollar notes that last no longer than 16 to 18 months before they are destroyed. How long does your average coin last? 50 years? Makes sense too much sense to me!
I'm not entirely sure that the public prefers the dollar bill to the dollar coin. Certainly there are some people who greatly prefer the bill but the public has not had the opportunity to reject the coin because the banks don't like it. No doubt, there would be some resistence at first by the public simply because it is different. If machines won't accept it then it's only a marginal improvement over paper currency at best. If you could get the coin in circulation many people would wonder how we ever lived without it.
