Silver drifted slightly in 1922 to $.643 and gold held at $20.68 for the year’s average. The DJIA had a good year as it rallied 22%. In world news, Stalin was made General Secretary of the Communist Party, President Harding became the first President to use the radio, Benito Mussolini took control of Italy’s government, and the tomb of Tutankhamen was discovered. With all this going on we can perhaps excuse the fact that nobody noticed that a few of the Lincolns minted in Denver did not have a mint mark. This error would have possibly gone unnoticed had the Philadelphia mint been issuing cents, but this error did go almost unnoticed for over 15 years until an article appeared on it and a horde held be a collector was discovered in the late ‘30’s.
Much was said about the Peace Dollar, but so many were made that they have little numismatic value beyond the silver content except by the true collectors who place high values upon those reaching MS 65 quality or better.
The following are the coins needed for the 1922 collector: