1937 US Dollar Coin - Yes They Exist.

Hey, I posted a "1937" at least!
mdh157, yeah--that was a 1927 + 20 minutes of photoshopping--voilà a '37!

I loved the sideways mintmark. I wonder if anyone has ever tried to sell one of these on ebay.

I just have to bring this back up: a very weird old thread I found.
Blast from the past!

....but since it's here, it should be mentioned that the original poster was not seen after that one single post, and no evidence of their claim has surfaced since.

If you know why the Peace dollar ended in 1935, then you know why there would be no 37 or 38 Peace dollar.

In short: The Pittman act of 1918 required, as one of its provisions, the minting of a new silver dollar to commemorate the world-wide "peace" after WWI. The production quotas stipulated in the law were reached in 1928, and production then ceased for several years before resuming under some minor legislative wrangling in 1934-35. In the end, the Peace dollar was discontinued because of a lack of public demand during the Depression.

Coinfrog has the first part. In 1933 the government once again began buying up huge quantities of silver to support the price (Under four different programs, and paying for it at four different rates) and issuing more silver certificates. In order to provide backing for the certificates they again started striking silver dollars. In 1935 the law was changed to allow the certificates to be backed by silver bullion instead of silver dollars (until that time all silver certificates had to be backed by COINED silver.) Now they could dispense with the additional expense of converting the bullion to coin, the counting the inefficient storage etc. (Large bars are much easier to count, stack and store.) That allowed them to discontinue the dollar coin. Short of new legislation requiring them to once again convert the bullion to coin they had no intention of striking more. If anyone wanted to redeem certificates they had MILLIONS of coins already in storage to do so, and new silver purchases were more easily handled as bars.

If they hadn't changed the law in 1935 we would be swimming in Peace dollars because the silver purchases that began in 1933 eventually added over 2 billion oz to the national stockpile. Enough to have made 2 and ahalf billion Peace dollars.