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<p>[QUOTE=&quot;bzcollektor, post: 96685, member: 3241&quot;]The Red Ruskiya Lady is correct. The Pittman Act of 1918 directed that &quot;not more than 350,000,000, (thats 350 MILLION)&nbsp; Standard Silver Dollars&nbsp; be converted into bullion.... (melted). Eventually 270,232,722 were actually melted. The reason was to help Great Britain meet obligations regarding its Colony of India during the First World War. (WWI).</p><p><br /></p><p>The Pittman Act also authorized the replacement of these melted Standard Silver Dollars. This commenced in 1921, with the 1921 Morgan Dollars struck in massive quantities. The Peace Dollars also were struck begining in 1921. The remainder of the Peace Dollar series fulfilled the Pittman Act, requiring the replacement of the 270,232,722 melted in 1918.</p><p><br /></p><p>The Mint did not have the capabilities to produce the massive quantities of&nbsp; these silver dollars (as required by the Pittman Act of 1918) and still mint the minor coins, such as the cent, nickel, dime, quarter, and half dollar.&nbsp; The low mintage of all these minor coins in 1921, is a direct result of the mint having to use most of its` resources to mint replacement silver dollars for the ones melted under the Pittman Act of 1918.[/QUOTE]</p><p><br /></p>

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