Mint Director Releases 2021 Morgan and Peace Dollar Renderings

Posted by Mint Director David J. Ryder on his Linkedin:

"I am excited about H.R. 6192, the 1921 Silver Dollar Coin Anniversary Act, recently signed into law which marks the 100th anniversary of the Mint’s transition of production from the Morgan to the Peace dollar. Thank you to Representative Mark Amodei, Representative Andy Barr, Representative Emanuel Cleaver, Senator Mike Enzi, Senator Catherine Cortez Masto, the Citizens Coinage Advisory Committee members Thomas J. Uram and Mike Moran, as well as the U.S. Mint and Treasury Department's Legislative Affairs offices for their strong support in getting this new legislation passed. The legislation authorizes the Mint to release new Morgan and Peace coins in 2021 marking their 100th anniversary. Below are the Mint's artist renderings on a portion of what you can expect later this year from the United States Mint."

It looks like they decided to use the 1921 design as opposed to the 1878-1904 hub; I was hoping they would use the latter. Also the date on the peace dollar looks like the 1921. I honestly can't tell if it's high relief or not. Let me know what yall think.

 

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The question of course is whether the mintage will be high enough to make this a major collecting event — or low enough to make it a pig fest for dealers, flippers and HSN.

 

I will order them if I can get them. Hoping they do not crash the mints website

 

I hope the Peace dollars are high relief. I think, if done right, they would look gorgeous.

 

you're right about that. My worst fear would be for it to turn into the lottery. I hope the mint is planning to fill the high demand.

 

The Mint’s history over the past few years does not lend itself to hope.

 

They certainly won't let the program favor the average collector.

 

I'm hoping the Peace dollar is high relief as well. Especially if they can get that awesome sandblast/matte proof look from the early 20th century - including the 1921 Peace dollar.

 

These I will attempt to get both of but the morgan especialy

 

I hope they go for unlimited mintage and keep it simple by not introducing multiple finished coins.

 

If they want to restore good will with average collectors, they will make these in large quantities so that many collectors can get them. That of course is wishful thinking. I think they will be limited mintage and become a "pig fest" as mentioned above. I foresee businesses like HSN and big dealers getting a huge chunk of these and the rest of us watching on the sidelines locked out of getting a shot at them. I also anticipate an outrageous price on them.

 

The date looks to big on the Peace Dollar.
Why is the reverse bigger than the obverse

 

I hope they don't decide to mint 1,921 of them.

 

The Peace Dollar is one of my all-time favorite US coin designs. I will definitely be in for one of them if they aren't snapped up by scalpers immediately. The Morgan I couldn't care less about.
I forsee this being a mess when it comes to the rollout though. Just like everything else the mint has done.

 

The hair detail on the Peace Dollar looks flat like it does on most 1921 and early 1920s pieces. That’s disappointing. I was hoping that the design would be shown with the details that the de Francisci intended.

Over on the PCGS site, a collector has posted photos of a fully struck 1921 Peace Dollar he has. It is only graded MS-62, but the coin is really gorgeous.

Here are a few examples.

Slightly better than average struck 1921 Peace Dollar



This 1935 Peace dollar is better than average on the obverse, but the reverse is typical. The pictures of this piece make it look not as nice as it is. It is an MS-64.

 

I don’t try to buy anything from the U.S. Mint unless the mintage will be limited to a relatively low number. What the Mint charges compared to melt value is too high unless there is some numismatic value as well … something that can be achieved only with limited mintage. I have to like the theme and design as well, which eliminates most coins at the outset.

However, the internet carnage when limited mintage coins go on sale is frustrating, especially because it’s totally avoidable. All they need is a lottery system that starts a couple of weeks before the coins go on sale.

What happens now reminds me of movie scenes of peasants scrambling for a coin tossed on the ground by a passing noble … and I’m one of the peasants.

Cal

 

All this would accomplish is trading one random outcome for another random outcome. Even worse, people would complain much more that the system is rigged. "Oh, I bet those who had their numbers picked are the big dealers who paid off some Mint employee..." Right now it is random, everyone tries and some succeed.

 

No, it’s not random now. Big dealers can use net bots that place multiple orders in milliseconds via high speed connections that are close to the server farms used by the Mint. With a lottery system, even someone using a POTS modem would have a chance. Corruption, if there is any, could exist with any system including the present one.

Cal

 

The average coin dealer can't figure out how to print 2x2 flip inserts in Microsoft Word. While I am sure that some use bots, I don't think it is a big problem. Besides, the Mint uses CloudFlare to weed out the bots.

Have you ever noticed that when these low mintage items come out, the "big dealers" heavily advertise to buy them. That right there should tell you that they aren't cheating the system (much) by buying up a lot of the mintage.