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Replies: 16 / Views: 7,473 |
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Pillar of the Community
United States
1191 Posts |
While looking over my collection of Mercury dimes, I noticed it skipped the year 1922. Why isn't there a 1922 dime? *** Moved by Staff to a more appropriate forum. ***
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Valued Member
United States
361 Posts |
NO nickles, quarters, or half dollars either. WHY? The Pittman Act. In a nutshell, the mint was so busy making Silver dollars, they didn't have time to make anything else.
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Pillar of the Community
United States
2543 Posts |
Also there was a glut of available coinage to feed the booming war economy (WWI), After the war, the lack of war production put the economy into a recession. With the war over {1920) supply of available coinage still in storage, was excessive. That is why 1921 mintages are so low and there was no need to mint more in 1922.
Edited by denco7 04/03/2016 8:16 pm
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Bedrock of the Community
 United States
12816 Posts |
Very interesting. But they did make 1922 cents.
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Rest in Peace
United States
17900 Posts |
If you think 1922 was sad for denominational diversity, try 1815. Then save like crazy to own one.
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Pillar of the Community
United States
724 Posts |
No new dies made for 1922 cent either. They had to use old dies to try to make some cents. So the born of infamous 1922 no D cent with polished old dies.
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Pillar of the Community
 United States
1191 Posts |
Why was the focus so great on dollars?
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Pillar of the Community
United States
5203 Posts |
Quote: Why was the focus so great on dollars? Political lobbyists. And 90 years later you thought it was a new problem 
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Bedrock of the Community
 United States
12816 Posts |
Do you mean politics are the reason we still have cents, nickels, and dollar bills? 
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Pillar of the Community
United States
997 Posts |
The silver dollar coin was rarely used in commerce then, but rather was used to back paper money and as reserves for small banks. Due to the recession and coin glut the nation was flush with subsidiary coinage so there was no need for most coins except cents to be made.
However, silver and mining interests in the western USA conned/bought off or otherwise convinced Congress to sell a quarter billion melted silver dollars to Great Britain and coin newly mined silver to replace them. This also helped keep the mint's staff busy.
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Pillar of the Community
United States
2602 Posts |
No 1932 or 1933 Mercury dime either. Great depression was the reason for that.
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Moderator
 United States
187950 Posts |
Quote: Do you mean politics are the reason we still have cents, nickels, and dollar bills?  
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Valued Member
United States
256 Posts |
Just wait, I'm sure some hoard be found someday.....via China
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Pillar of the Community
United States
1748 Posts |
1816 is very scant year as well. Due to a fire at the mint and being the "year without a summer", the only coin minted was the 1816 large cent. It was made from planchets, oddly enough, imported from Britain.
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Pillar of the Community
United States
5854 Posts |
If you ever look at silver certificates with a series 1928 or before, they all say some something along the lines of "payable in silver dollars to the bearer on demand." I think beginning with the 1933 $10 silver certificate, they changed it to say "payable in silver to the bearer on demand."
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Bedrock of the Community
United States
17884 Posts |
Quote: Why was the focus so great on dollars? As One50 said, the Pittman Act. The econony was in a recession after WWI and there was little demand for coinage, but the Pittman Act required the 250 million silver dollars melted down and sold to Great Britain to be recoined. By recoining the silver dollars the mint employees could be kept employed and busy, plus the silver dollars produced allowed the government to reissue millions of dollars worth of silver certificates back into the economy as a stimulus. (When the dollars were melted down the government had had to withdraw the silver certificates from circulation because they no longer had the backing for them.)
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Replies: 16 / Views: 7,473 |