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<p>[QUOTE="Conder101, post: 728952, member: 66"]The economy was going trough and economic slump after the end of the first world war. (Typically the economy goes through a down turn after the end of a war. All the money being spent on war production dries up, orders are canceled, with canceled order factories lay off workers, and then at the same time the labor market explodes with all the returning soldiers. With so much excess labor available wages decline. Result recession. ) With the economy in a recession a lot fewer coins are needed and so mintages fall. And it wasn't just a single year thing either. Mintages were low in 21 but no nickels, dimes, quarters or halves were struck in 22 and cent production dropped in 22 as well with a low mintage from a single mint. About the oly place that wasn't affected was the mint which had plenty of silver and a mandate to strike and replace the 260 million dollar coins melted under the Pitman Act. So the mint had PLENTY of work even if the county didn't need coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 728952, member: 66"]The economy was going trough and economic slump after the end of the first world war. (Typically the economy goes through a down turn after the end of a war. All the money being spent on war production dries up, orders are canceled, with canceled order factories lay off workers, and then at the same time the labor market explodes with all the returning soldiers. With so much excess labor available wages decline. Result recession. ) With the economy in a recession a lot fewer coins are needed and so mintages fall. And it wasn't just a single year thing either. Mintages were low in 21 but no nickels, dimes, quarters or halves were struck in 22 and cent production dropped in 22 as well with a low mintage from a single mint. About the oly place that wasn't affected was the mint which had plenty of silver and a mandate to strike and replace the 260 million dollar coins melted under the Pitman Act. So the mint had PLENTY of work even if the county didn't need coins.[/QUOTE]
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1921-D Walking Liberty at PCGS
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