 Production resumed in 1934 , due to another congressional act ; this one requiring the Mint to purchase large quantities of domestic silver , a commodity whose price was at a historic low . This Act assured producers of a ready market for their product , with the Mint gaining a large profit in seigniorage , through monetizing cheaply purchased silver — the Mint in fact paid for some shipments of silver bullion in silver dollars . Pursuant to this authorization , over seven million silver Peace dollars were struck in 1934 and 1935 . Mint officials gave consideration to striking 1936 silver dollars , and in fact prepared working dies , but as there was no commercial demand for them , none were actually struck . With Mint Chief Engraver Sinnock thinking it unlikely that there would be future demand for the denomination , the master dies were ordered destroyed in January 1937 . 
