Cryptocurrency Q&A
Why are 1921 silver dollars re-coined?
Why are 1921 silver dollars re-coined?
ShintoBlessing
Mon Nov 11 2024
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5 answers
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The 1921 silver dollars were re-coined due to several reasons. Firstly, there was a demand for more circulating currency at that time. Secondly, the existing silver dollars might have been worn or damaged, requiring replacement. Lastly, the re-coining process could also help to standardize the weight and purity of the silver dollars, ensuring their value and acceptability in the market.
5 answers
Sofia
Wed Nov 13 2024
Many of the Morgan Silver Dollars minted in 1921 were actually created by melting down older Morgans and Peace Dollars.
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Leonardo
Wed Nov 13 2024
The Pittman Act, enacted in 1918, had a significant impact on the production of Morgan Silver Dollars in 1921.
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Elena
Tue Nov 12 2024
This practice was a result of the Pittman Act, which aimed to increase the silver content of the nation's coinage.
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Daniele
Tue Nov 12 2024
Despite their re-minting, the 1921 Silver Dollars retained their classic reeded edges.
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JejuSunshineSoulMateWarmth
Tue Nov 12 2024
These edges gave them a distinctive look compared to the older Silver Dollars minted in the late 1800s.
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