My question is why in 1922 were there only 4 coins struck? 7,160,000 1922-D Cents 35,401 1922 High Relief Peace Dollar 51,737,000 1922 Regular Relief Dollars 15,063,000 1922-D Peace Dollars 17,475,000 1922-S Peace Dollars Why didn't they mint any nickels, dimes, quarters and halves that year? Did the mint decide that there was enough in circulation to meet demand, or is there a more interesting story I haven't heard yet? Thanks!
Post war recession from the first world war (resulting in a greatly reduced demand for coins) combined with the mint capacity being tied up cranking out millions of peace dollars to replace the 250 million dollar coins melted down under the Pittman act.
So they people that used coins, in that year used a lot of $20 Coins, $1 Coins, and Cent Coins? I never really thought about why exactly there were not any dimes, nickels, halves or quarters in that year, and the years to follow, but post war recession does make sense. So did the people who had money, have it in banks, or used their paper money, I'm guessing that is it. I wonder how the public perceived the peace dollar? Such a beautiful coin, and peace was finally amongst us.
Probably not well. Most designs are derided while they are in production and contemporary comments are typically about how bad they are while the older designs were much better. (Sound familier?) And it is quite possible that most people never saw them. The 21 Morgans and the Peace dollars were never really intended to circulate, but rather to provide backing for silver certificates
For the most part, yes. There were plenty of older coins already in circulation to fulfill the needs of commerce in 1922, hence no need to mint them.
