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jmbullion.com

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jmbullioncom@email.jmbullion.com

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Thu, Oct 1, 2020 02:56 PM

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  What does World War 1, the Pittman Act, and a design contest have to do with the Peace Dollar?

 [On Sale]( [New Arrivals]( [Sell To Us](  [Peace Silver Dollar Sale]( What does World War 1, the Pittman Act, and a design contest have to do with the Peace Dollar?  Find out below. But first, we are excited to alert you to a new sale on Peace Silver Dollars in Very Good (VG) condition. We recently came across a large group of these dollars at a price we just couldn't say no to. As a result, we are able to pass those savings along to you, our loyal customers. For a limited time, come grab [Peace Silver Dollar Coins (VG]( for only $25.99 each! Supplies are limited, get yours today.  [Peace Silver Dollar Coin (VG)]( [Peace Silver Dollar Coin (1922-26, 1934-35, VG)](  [BUY NOW](  A Brief History of the Peace Dollar The Peace Dollar largely owes its existence to the Pittman Act of 1918. This piece of legislation required the federal government to strike millions of Silver Dollars, which had not been made since 1904. Initially the U.S. Mint produced 1921 Silver Dollars using the tried-and-true Morgan design, but eventually decided to create an all-new motif. With World War I still fresh on many Americans’ minds, the mint settled on a theme of peace for the new Silver Dollar.  The mint invited a select group of sculptors and artists to submit proposals for the Peace Dollar. Among the contest entrants were the designers of the Lincoln Cent, Mercury Dime, and Walking Liberty Half Dollar. Surprisingly, the competition was won by a relative newcomer: Anthony De Francisci. His only prior work with the U.S. Mint was the 1920 Maine Commemorative Half Dollar; this was De Francisci’s first time designing a circulating American coin. [Anthony De Francisci, PC: Wikipedia] Anthony De Francisci; pc: US Government The Peace Dollar obverse features a female portrait of Liberty with flowing hair and a crown. De Francisci submitted two options for the reverse. Both depicted an eagle, but one clutched a sword while the other grasped an olive branch. The mint chose the latter and included the word “PEACE” under the eagle’s perch. This contrasts with previous American coinage designs, where eagles are often shown grabbing both arrows and olive branches simultaneously.  De Francisci intended for the Peace Dollar to be struck in high relief, but this proved to be a technical challenge. The mint found it was virtually impossible to give the coin a complete strike; most specimens came off the dies with mushy centers and weak design detail. Much like they did with the first Saint-Gaudens Double Eagles, the mint switched to a lower-relief Peace Dollar format. This solved the strike issue without sacrificing any other aspect of the original design.  Significant quantities of Peace Dollars were struck in the first several years, but production began to trail off by the late 1920s. The coin was put on hiatus from 1929 through 1933, only to return for two more years in 1934. By then, the one-dollar paper note had overtaken the Silver Dollar in popularity. Most Americans preferred to carry the light paper bills instead of the bulky coins. The Peace Dollar was discontinued altogether in 1935 and the one-dollar coin would not be restored until the 1970s. [Take Me Back To The Deal](  --------------------------------------------------------------- Join JM Bullion's Community [facebook page]( [twitter]( [youtube]( [instagram](  --------------------------------------------------------------- This email was sent to {EMAIL} by JMBullion.com 11700 Preston Road | Dallas | TX | 75230 [Forward to a friend]( | [Manage Preferences]( | [Unsubscribe](                                Â

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