Since the U.S. Mint had not made silver dollars in 17 years, new dies had to be created. A new design for the silver dollar was in the works, but it was not ready for production yet. Therefore, the U.S. Mint resurrected the Morgan silver dollar obverse and reverse designs. A total of 86,730,000 Morgan dollars were made at the three U.S. mint facilities in Philadelphia, Denver and San Francisco. Learn More about Morgan Silver Dollars
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After many design changes and trial strikes, the first Peace dollars were minted on December 26, 1921. This was hardly enough time to make a sufficient quantity to contend with the almost 100 million Morgan dollars that were already minted. Over few remaining days left in 1921, the mint managed to produce a little over one million Peace silver dollars. They continued make Peace dollars until 1928 when the bullion purchased from the domestic silver mines was exhausted and enough silver dollars were minted to replace the ones that were melted under the Pittman Act. The Great Depression that began in 1929 resulted in a lack of demand for silver dollars. However, when the economy rebounded and production resumed again in 1934 and continued for two more years. These would be the last silver dollar coins ever produced by the United States mint until 1971 when production of the Eisenhower dollar began. Learn More about Peace Silver Dollars
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