Entry for the National Coin Week 2021 Blog Competition
The American Peace dollar is widely considered as one of the greatest coins ever minted by the United States. It's beautiful design combined with the very affordable prices it's sold at make it a fan favorite of many. The U.S. Mint produced these coins for just 10 years before the series ended. The Peace Dollar had been ended, or so they had thought! 30 years passed, and silver started to rise. The demand for silver dollars also increased, so in response then-President Lyndon Johnson ordered the production of millions of silver peace dollars. This new revival of the Peace Dollar would not last long though. Later that year, congress stopped the minting of the new dollars and soon after all minted examples were melted. As far as it is known, not a single one remains, and unlike many other great rarities (like the 1933 double eagle), there is not a known example of a 1964 Peace Dollar at the Smithsonian. However, a master die for the obverse of the 1964 Peace Dollar still exists and is in the vault of the Philadelphia mint. Unfortunately it will never be known if any examples survived the melting, as any collector who would come forward would have their coin seized and melted by the government. Although not the same, many collectors who have wanted to see Peace Dollars minted again will get their wish granted when the U.S. Mint strikes 2021 Peace Dollars as silver commemorative coins. In addition, 2021 Morgan Dollars will be produced, and both issues will also have Proof counterparts. Hopefully the mint will work out it's kinks in the ordering process many collectors have griped with and every collector who wants a new Peace Dollar will be able to get one.
EDIT: Hi I'm back again, and it looks like unfortunately the mint has managed to mess this up. Each coin will cost 85 dollars and you have to preorder them 6 months in advance. The coins are .999 silver (not .9), but on the bright side the mintage is quite high so there should be no shortage of these to go around.