Legislation seeks Morgan and Peace silver dollar bullion coins for 2021

https://www.coinworld.com/news/us-c...&utm_source=Lyris&utm_campaign=DigitalEdition

 

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I don't often say this, and I know we're a big enough country to do more than one thing at a time, but:

We're kind of busy here at the moment.

I'd like to see a good commemorative issue, but it's way down on my list of priorities at the moment.

 

Someone call Tom Massie, we're gonna need a record vote on this, a voice vote will not do!

 

Life will go on so pass the bill and get to other more pressing issues.

 

Another good point: this one will actually bring in some money, although a few tens of millions will be almost unnoticeable at this point. But every little bit should help.

 

I actually read that article this morning. I believe that it would be very cool to see those commems, but there is just too much going on in the world at this point in time to be worrying about next year’s coinage. Stay safe out there, everyone!

 

Wasn't I just reading somewhere about a trillion dollar coin?

 

I want PURELL made in the shape of a Morgan or Peace dollar !!!

 

Do it! Lets get it on the agenda. This will pass!

 

If nothing is done about next years coinage this year then next year there won't be any coinage.

Pass the bill and move on to more pressing issues.

 

I completely agree.

 

Dumb idea.

 

The world cannot stop from one thing and making a coin wouldn't in anyway impact the ability to do something else. A distraction would actually be extremely helpful at this point.

That said recycling old designs for modern bullion would just make the majority of Morgans that are close to bullion already really essentially turn into bullion.

We can and should be able to do better design wise

 

You have to admit that it is a neat idea, though.

 

This sounds a little like an extension of the "classic design" gold issues from 2016. Despite them being overpriced and over-hyped, they must have done okay for the mint to suggest making more, but it also seems to suggest that the mint is catering mostly to coin collectors at this point, who may be the only people who care about what gets released at this point. I do wish they would focus on issuing nice new designs, as it makes the hobby seem like it's trapped in a time warp. But for some reason good designs have been a tall order. Who knows why?

But yes, there are just a few more important things going on at the moment.

 

To add some variety yea for sure as I am for adding some variety, but mass produced modern Morgans/Peace dollars I wouldn't personally be interested in and they would likely hurt the ones already around.

I refuse to believe we cannot come up with something exciting and new

 

Understandable.

 

Try as I might, I can't imagine this happening, any more than ASEs cheapened Walkers or 2016 gold issued cheapened Mercs and SLQs. Even if the newly-produced ones are the same size, they won't be the same series. (Presumably, they won't even be the same composition -- they'll be .999 like other new silver coins, right?)

 

The gold ones you could easily dismiss from impacting the classics being a different metal obviously. The ASEs did ruin walkers to an extent at least for me and I’m sure I’m not the only one, but at least the reverse and size is different.

This would be a case where now high grade Morgan’s and Peace dollars are all over the place and actually the highest grades in the series. obviously this shouldn’t impact the top end, but many Morgan’s are just the ASEs of the 1800s, there’s already an abundance of many in many grades. Someone looking for one of intrigued would then decide do they wanna pay $40 for a 63/64 common date or they could pay less for a 69 now

Enough are common enough that there could be downwards pressure on the lower value ones especially over time. Newer and a lot of younger collectors don’t have the same nostalgia for them as they came into the hobby when they could go online and buy 100k of them in a few minutes if they had the bankroll and desire to do so.

 

This is already happening, and I'm sure it will continue to happen whether or not there's a commemorative release.