I remember 2021 very well. I go online around noon to order the last Morgan and Peace Dollars from the US Mint releases. It looks like I get in, but wait 10 minutes…20 minutes…30 minutes and onward. Finally, I refresh the screen and it takes me out of the mint website. Turns out I, and many other collectors, will not even get the opportunity to purchase either dollar. Because of the lack of silver planchets, only 175,000 of each coin are produced. With that low of a mintage, it is no surprise that they will sell out quickly. Reminds me of when I would try to call Ticketmaster 20 years ago to purchase concert tickets and the concert is sold out within 15 minutes.
2021 Morgan and Peace Dollars
2021 represents the centennial of the last Morgan Dollars and the first Peace Dollars. For this occasion, the US Mint releases four Morgan Dollars with privy marks: “CC” for Carson City, “D” for Denver, “O” for New Orleans and “S” for San Francisco. They also release a Morgan Dollar with no privy mark and a Peace Dollar, both representing the Philadelphia Mint.
As I state earlier, I get nowhere that day they release the last Morgan and Peace Dollars. A few weeks later, I see the complete set at my next coin club meeting. One dealer is able to get all five Morgan Dollars and the Peace Dollar. I definitely do not have enough for all of them, but he also has a couple of extra Morgans with the Carson City “CC” privy marks that he will sell for $25 above mint price. I end up buying one and giving it to my friend for his birthday. He also tries to get them from the mint online, with no luck. Remembering that I have a complete 1921 to 1935 Peace Dollar set, he gives me the 2021 Peace Dollar for Christmas. At least we each have one.
2022 Dollars?
With the popularity of the 2021 Dollars, the US Mint considers producing uncirculated and proof Morgan and Peace Dollars annually. They will just do Philadelphia and San Francisco and start them in 2022, but once again they are low on silver planchets. As a result, they will hold off doing these silver dollars for 2022.
2023 Morgan And Peace Dollars And Beyond
The mint decides to start doing an annual series in 2023. They will do this three times each year. To start, they will mint uncirculated Morgan and Peace Dollars in Philadelphia, Then, they will release proof Morgan and Peace Dollars in San Francisco. Finally, they will have reverse proof Morgan and Peace Dollars as a two-coin set. As my friend said, we can finally own proof Morgan and Peace Dollars as well as the first reverse proof versions. I don’t know about you, but I’m looking forward to the reverse proof dollars. That is one of the reasons I am collecting the Innovation Dollars which they were originally doing individually.
Like 2021 dollars, they will be made of .9999 silver, which will be more than the original dollars at 90% silver. They will look the same as the 2021 dollars in detail.
One noticeable difference with the Morgan Dollars is that they will not include privy marks. The privy marks were only a one time deal to show each mint mark from former US mint branches that would appear on the reverse of the original Morgan Dollars.
Enrollment Program
Collectors can enroll with the US Mint for each of the coins above starting in 2023 and every year after. Here is the link: United States Mint Morgan and Peace Dollar Enrollment Program.
Hopefully, with the higher mintages and the enrollment program, we will be able to get all of these silver dollars without getting froze up on the website when they do come out.
Are You Looking Forward To Seeing These Dollars Annually?
Like I said earlier, I’m looking forward to seeing these silver dollars released annually. It would have been nice if they could have been a little cheaper. I got all three 2023 sets through the enrollment program, but am not able to get the 2024 sets. Hopefully, I can go for the 2025s.
I’ve always liked Peace Dollars and was glad to get the last one in 2018 after getting the other 23 between 1998 and 2001. Morgan Dollars
have always been popular among collectors. Whenever I attended coin shows, I would see so many Morgans. Some people may consider some Morgan Dollars as investments. Putting together a complete set of Morgans would definitely be more difficult than the Peace Dollars. Some of the dates like the 1893-S, 1895, and some of the Carson City dollars are rare.
What do you think about the Morgan and Peace Dollars? Would you consider enrolling for these silver dollars?