1922 Peace Dollar & 1957 Silver Certificate 2-pc Set

The Last Circulating Silver Dollars

This set pairs a first-year-of-issue low-relief 1922 Peace Dollar with a 1957 Series $1 Silver Certificate issued by the U.S. Bureau of Engraving and Printing. It consists of the last two types of Silver Dollars made for circulation: the $1 Silver Certificate bank note and the Peace Silver Dollar. Peace Silver Dollars were struck in 90% silver from 1922 to 1928 and again in 1934 and 1935 (date our choice) and were the last United States Silver Dollars minted for circulation. The last Silver Certificate ever issued (which is the one you’ll receive) was the Series of 1957 $1 Silver Certificate. Silver Certificates have distinctive blue Treasury seals and serial numbers. Silver Certificates were last redeemable for silver in 1968, but they remain legal tender. Both are in circulated condition and come housed in a custom album.

After Morgans Went To War, A New U.S. Silver Dollar Forged The Peace

America’s Peace Dollar was the nation’s the last circulating silver dollar struck in highly pure 90% fine silver and came to be as a direct result of the Pittman Act in 1918, which authorized the melting of some 270 million Morgan Silver Dollars for the war effort. It included the stipulation that following the war’s end, all those melted silver dollars would have to be replaced. So, production of a newly-designed silver dollar began in December of 1921, when, for a few short weeks, the mint attempted a high-relief design like the Saint-Gaudens gold piece. But the coins were just too difficult to strike. Since the mint needed to replace a considerable number of melted Morgans, it made a smart and timely decision: opting to strike a low-relief version for 1922’s first full year of Peace Dollar production. Every Peace Dollar afterwards would follow suit.

Last-Year-Of-Issue $1 Silver Certificates

In 1963, President John F. Kennedy signed Executive Order 1110, slowly halting the production of $1 Silver Certificates. That means the 1957 Series was the final year of the $1 Silver Certificates. These federally issued notes were as good as a silver dollar in your pocket—in fact that was exactly their purpose: any one of these notes could be taken into a bank and traded for a gleaming silver dollar. Kennedy’s decision was prompted by the fact that the government was expecting a shortage of silver bullion. People who were still holding these $1 Silver certificates had until March 1964 to exchange these notes for silver coins. For the next four years, people could exchange the notes only for silver granules. The redemption period ended for good in 1968, making the notes that are left valuable collector items of a bygone era. In addition to the last-ever nature of these certificates, they are also significant for being the first to feature the motto “In God We Trust,” the result of a law signed by President Eisenhower in 1955.

These artifacts of American history are more than 65 years old and still retain all their beauty. Back then you could exchange one for the other depending on what you preferred to carry in your pocket. Can’t decide which form of currency you like? With this set you don’t have to. Secure this “Lasts” set for your collection today!

COIN HIGHLIGHTS:

• THE FIRST LOW-RELIEF PEACE DOLLAR – This Peace Silver Dollar was struck in 1922 — the first year it was struck in low relief by the United States Mint.
• FAMOUS SILVER DOLLARS – While not produced in the same numbers as the Morgan Silver Dollar, the Peace Silver Dollar series has seen its reputation grow with each passing year. Designed by Anthony de Francisci, it features a design of Lady Liberty on the obverse and a perched eagle on the reverse. It was struck from only 1921 to 1928 and again in 1934 and 1935.
• STRUCK IN FINE SILVER – Each Peace Silver Dollar was struck in 26.73 grams of highly pure 90% fine silver and measures 38.1 mm in diameter.
• LEGAL TENDER U.S. COINAGE – This coin was$1 legal tender in the United States and circulated widely during the Depression-era ’30s.
• VINTAGE SILVER CERTIFICATE – You will also receive a 1957 Series $1 Silver Certificate. These notes could have been traded for silver dollars until 1963 when they were discontinued by an Act of Congress.

The Peace Dollar was America’s last dollar series struck entirely in 90% fine silver. Don’t miss your chance to obtain a first-year-of issue, low0relioef coin paired with a matching $1 Silver Certificate!