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<p>[QUOTE=&quot;yakpoo, post: 1332171, member: 18157&quot;]The silver value should be right around $22.50 at today&#039;s silver price (.77344 * $29,23). It looks to be about EF-40 from your picture which would leave its value right around the silver melt value (imo). </p><p><br /></p><p>Very nice coin with a lot of history. </p><p><br /></p><p>After WWI, a speculative silver bubble emerged in India (part of the British Empire at the time). This threatened to ruin British currency so they appealed to the US for emergency sales of silver so they could flood the market with silver and pop the speculative bubble. The Pittman Act of 1918 was passed to melt up to 350,000,000 silver dollars to meet this request (the US stood to make a huge profit on the deal). However, as sometimes happens in politics, the silver producers in the West wouldn&#039;t go along unless the Pittman Act also provided for the replacement of the silver dollars with newly mined US silver.</p><p><br /></p><p>After 1904, no one thought silver dollars would ever be made again. In fact, in 1910, all the Morgan dollar working and Master hubs were destroyed. However, due to provisions in the Pittman Act, silver dollar production began again in the spring of 1921. The Numismatic community wanted an entirely new design commemorating the peace after WWI, but there wasn&#039;t enough time to go through the design selection process. Instead, George Morgan himself recreated the master hub for the 1921 production. My &quot;guess&quot; is that they knew these hubs would only be used for one (1) year so they made as many coins as they could while waiting for the new Peace Dollar design to be ready. Some 1921 &quot;High Relief&quot; Peace dollars made it into production in the final weeks of 1921.</p><p><br /></p><p>Tell your Mommy that the 1921 Philadelphia silver dollars are a set and you need a 1921 Peace dollar to complete the set. Let us know what she says. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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