Who says what is old cannot be new? And who said what what was invented a century ago cannot be reinvented as if it was new? The United States mint is rolling back the minting dies to 1921, the last year of production for the Morgan Silver Dollar and the first year of production for the Peace dollar.
To commemorate the 100th anniversary of this iconic year in numismatics the United States mint is striking both designs in original silver composition.
Collectors Dashboard has written before about the late night plated commemorative coins that collectors and investors should avoid. These coins are a tradition of recent releases by the United States Mint commemorating the 100th anniversaries by minting identical examples. And unlike most late-night coins advertised, these are real silver coins that have actual value.
Here is the official statement from the United States Mint:
The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and was minted from 1878 to 1904, and again in 1921. The Mint will produce the 2021 Morgan Dollar with an uncirculated finish in five versions to recognize the Mint facilities that minted the original coin.
One without a mint mark to recognize the historic Philadelphia Mint
One with an “O” privy mark to recognize the historic Mint in New Orleans, LA
One with a “CC” privy mark to recognize the historic Mint in Carson City, NV
In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar to replace the Morgan Dollar. The Peace Dollar was designed by renowned sculptor Anthony de Francisci (1887-1964) and was minted until 1935. The Mint will produce the 2021 Peace Dollar with an uncirculated finish and without a mint mark.
There were three different order windows that opened up for dealers, collectors and investors to buy directly from the Mint based on quantity which was issued in windows, similar tranches in other terms.
First Order Window – May 24 – June 7, 2021:
2021 Morgan Dollar (“CC” privy mark). The coin’s “CC” privy mark is a nod to the former U.S. Mint in Carson City, NV, where some of the first Morgan Dollars were struck. Product limit is 175,000. Struck in Philadelphia (no mint mark).2021 Morgan Dollar (“O” privy mark). The coin’s “O” privy mark recognizes the U.S. Mint in New Orleans, where early Morgan Dollars were also produced. Product limit is 175,000. Struck in Philadelphia (no mint mark).
Second Order Window – August 3 – August 17, 2021:
- 2021 Morgan Dollar (S). Features the “S” mint mark of the Mint facility in San Francisco. Product limit is 175,000.
- 2021 Morgan Dollar (D). Features the “D” mint mark of the Mint facility in Denver. Product limit is 175,000.
Third Order Window – August 10 – August 24, 2021:
- 2021 Morgan Dollar. Struck in Philadelphia with no mint mark. Product limit is 175,000.
- 2021 Peace Dollar. Struck in Philadelphia. Product limit is 200,000.
There are multiple recent eBay sales which show how much these coins commended on the auction market. It looks like there were some significant profits that may have been made. Here are recent eBay sales:
- Morgan 2021 Silver Dollar with D Mint Mark, 3 coins total sold for $310.09 on October 27, 2021 after 30 bids.
- 2021 Morgan Silver Dollar O Privy sold for $198.49 on October 26, 2021 after 16 bids.
- Morgan 2021 Silver Dollar With CC Privy Mark sold for $222.00 on October 26, 2021 after 19 bids.
- Morgan 2021 Silver Dollar with O Privy Mark, 10 total coins sold for $1,425.00 on October 26, 2021 after 5 bids.
- 2021 S Morgan Silver Dollar sold for $365.00 on October 26, 2021 after 27 bids.
Categories: Coins & Money