During World War One, the Germans were successful in destabilising the British economy by spreading rumours that the British couldn’t back their banknotes with physical Silver, leading to the hoarding of the precious metal around the British Empire and causing the price to artificially rise. The United States would aid their transatlantic cousins by supplying mass quantities of Silver from melting down over 270 million Morgan Dollars, to boost British supply and lower the inflated price. This did cause the United States problems however, as a large chunk of their circulated Silver currency was now gone, so a new coin was needed and that demand was eventually fulfilled by the introduction of the Peace Dollar in 1921, almost 100 years ago.

Specification

Specification Value
Weight 26.73 g
Diameter 38.10mm
Reverse Designer Anthony de Francisci
Obverse Designer Anthony de Francisci
Quality Circulating
Specification Value
Pure Metal Type Silver
Country Of Origin USA
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