Posted 02/11/2013 9:20 pm
The 1921 Peace dollar was the first year of issue for the new series of silver dollars. This also represented the only issue that was struck in high relief. Slightly more than one million coins were produced at the Philadelphia Mint during the period from December 28 to December 31, 1921. The coins would be released into circulation early in the following year.
In production, the high relief made the coin difficult to strike and caused excessive die breakage. The Mint adjusted procedures and began to strike the coins at lower pressure, which preserved the dies and allowed them to be used longer. Although the production problems were solved, this adjustment resulted in the most 1921 Peace dollars being weakly struck. The vast majority of coins encountered will exhibit a lack of detail at the centers, apparent at the hair near Liberty's ear and the feathers on the eagle's chest. ---- Guide to Peace dollars.
I also believe that the 1921 Peace dollars were intended as a commemerative or a medal and then the decision was made to continue the series as legal tender silver dollar
In production, the high relief made the coin difficult to strike and caused excessive die breakage. The Mint adjusted procedures and began to strike the coins at lower pressure, which preserved the dies and allowed them to be used longer. Although the production problems were solved, this adjustment resulted in the most 1921 Peace dollars being weakly struck. The vast majority of coins encountered will exhibit a lack of detail at the centers, apparent at the hair near Liberty's ear and the feathers on the eagle's chest. ---- Guide to Peace dollars.
I also believe that the 1921 Peace dollars were intended as a commemerative or a medal and then the decision was made to continue the series as legal tender silver dollar
