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<p>[QUOTE=&quot;raider34, post: 1290610, member: 16402&quot;]Like medoraman said, the silver dollars were used to back the silver&nbsp; certificates. The other reason revolves around the Pittman Act of 1918,&nbsp; which authorized the melting of up to 350 million silver dollars.&nbsp; Besides authorizing the melting of the dollars, the Pittman Act also&nbsp; specified that all dollars melted would be replaced. This meant the U.S&nbsp; had to coin 270,232,722 silver dollars. Production of the silver dollars&nbsp; to replace those melted under the Pittman Act started in 1921 (with the&nbsp; last year of the Morgan dollars, and the first year of the Peace&nbsp; dollars). Production of Peace dollars continued until 1928 when the mint&nbsp; reached 270,232,722 dollars, at this point mintage of Peace dollars&nbsp; stopped. Peace dollars weren&#039;t minted again until 1934 under the Thomas&nbsp; Amendment.[/QUOTE]</p><p><br /></p>

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