The coin’s reverse shows an eagle holding on olive branch with the word “Peace” inscribed underneath. The first is the Peace silver dollar, which was first introduced in 1921. World War I did not affect mintages like the Civil War did, but it did have an influence on two coinage designs. The motto has survived on US coins to this day. The move was controversial due to the motto’s religious nature, but against the backdrop of national turmoil, most Americans embraced the decision. However, the most notable change was the introduction of the motto “In God We Trust” to US coins. It was also during this time that government began printing paper money the goal was to fill the coinage void. For starters gold and silver was hoarded during the War Between the States mintages of larger gold and silver pieces plummeted in 1862 and remained extremely low for the remainder of the decade. Perhaps an entire book could be written on how the Civil War impacted American coinage. In fact, some of the changes incited by these wars affect America’s money to this day. This is especially true for the Civil War, World War I and World War II all three conflicts had a profound impact on United States coinage. Examples include discoveries of gold and silver, financial panics, population shifts, political changes, and wars. Major events in American history have often been reflected in numismatics.
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