Go to a coin show and price the following 1921 U.S. coins: the S-mint nickel, the P- and D-mint dimes, the quarter, all three halves, and the Peace dollar. What do they all have in common? Low mintages and high prices. Why is that? Because the state of the economy plays a very important role in the production of our currency.
The post-World War I years saw a slowdown in the economy of the United States. The decade before World War I, however, had seen booming economic growth unmatched in history. This amazing economic growth continued during the war, when many nations mobilized their national resources into command economy structures...
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