Last week I posed some questions. Here are the answers:
Q: Why weren’t all 1921 silver dollars of the Peace design?
A: Under the Pittman Act of 1918 hundreds of millions of long-stored dollars were melted. In 1921, a hurry-up call was issued for more, to back silver certificates. The new Peace design was not ready, so the old Morgan motifs were dusted off.
Q: Why in August of 1909 did the Treasury Department suddenly cancel the production of Lincoln cents with V.D.B. on the reverse?
A: Some (not many) complaints reached the government to the effect that sculptor Victor D. Brenner had been paid for his work, so why advertise his initials?
Q: Why is Sylvester S. Crosby important in American numismatics?
A: His Early Coins of America, published in 1875, is still essential in a numismatic library in 2014.
Q: Why today are some gem Mint State coins worth fractions of the value they commanded in 1989?
A: Countless millions were sold to “Wall Street” investors, multiplying the prices of some. When such investors disappeared, prices fell.
Q: Why were copper-nickel 5-cent coins introduced in 1866 when we already had half dimes since 1792?