![]() ![]() Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce. eventually melted a total of 270,232,722 silver dollars. to melt up to 350,000,000 silver dollars, and this commenced immediately after the Act’s passage. The bill, passed on April 22, 1918, stated that “sales of silver bullion under authority of this act may be made for the purpose of conserving the existing stock of gold in the United States, of providing silver for subsidiary coinage and for commercial use, and of assisting foreign governments at war with the enemies of the United States”. In response, United States Democratic senator Key Pittman of Nevada introduced legislation in 1918 that was intended to offer financial relief to the British government. The British government appealed to the U.S. If India revolted, the British would have to make peace with Germany. The Germans then convinced Indian citizens that the British banknotes could not be redeemed for silver. The German government began a campaign to discredit Britain’s currency in India. They had issued more silver certificates in India than they had silver to back them. The British were suffering a silver shortage that jeopardized the entire Allied side in WWI. So how did the 1921 Morgan Silver Dollar come about exactly? 1918 – Germany WWI Not expecting to need the Morgan Dollar dies again. Mint cleared out the hubs and dies that were no longer used. As a matter of fact, the master dies were destroyed in 1910. No one expected to see new Morgan Dollars after their demise in 1904. The Morgan Silver Dollar 1878-1904 reign was over. Minting of the Morgan Silver Dollar ceased. Silver bullion supply was exhausted in 1904. Mint’s subscription product page for Morgan and Peace Silver Dollars is located here.1921 Morgan Silver Dollars The 1921 Morgan Silver Dollarįollowing the Congressional orders for the coining of all the remaining bullion purchased under the Sherman Silver Purchase Act into silver dollars in 1898. We thank you for your loyalty and patience as we continue to improve our system and provide the best possible subscription experience." ![]() For those who prefer not to subscribe, we have reserved a limited quantity of 10% of each product for sale at launch. Please note, due to high demand and limited quantities the Mint will cancel any orders that exceed the new household order limit. Now, while supplies last, customers have the opportunity to secure additional examples of these iconic coins. Thanks to our initial low household order limit of 3 coins each, we are confident that our customers have had the opportunity to subscribe and reserve the coins they desire for their collection. Subscriptions for these limited edition 2023 products opened in August 2022, and the response has been excellent. We regret that many were unable to obtain the coins they sought. When we relaunched the Morgan and Peace Silver Dollars in 2021, they were greeted with tremendous enthusiasm and sold quickly. "The Mint is pleased to announce an increase in household order limits for all Morgan and Peace products. The main portion of the Mint’s announcement follows: For the Morgan and Peace dollars and set, subscriptions are expected to claim most of them before they are actually released. General times of "summer" and "fall" are currently listed for the products’ launch dates.Ī product’s household order limit is removed after the first 24 hours of its sale, if any still remain. Those subscribed to products receive them when they become available. Mint subscriptions work much like a magazine subscription. Mint customers can take advantage of the changes by either subscribing to or updating existing subscriptions to each product. 2023-S Morgan and Peace Silver Dollar Reverse Proof Set
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