Will There Be A 2021 Peace Dollar ?

They oughtta make a .90 Ag that has "TWENTY DOLLARS" on it, I'd buy it.
...if the seigniorage ain't too much.

 

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Suppose that in 2021, in honor of her 100th, we put the Peace design on the silver eagle and put walking Liberty out to pasture. She has served us well, certainly, but let's bring someone else to the forefront. Of course, I'd love fresh designs as much as the next person, but aside from the two recent Liberty medals put out by the mint, I won't hold my breath waiting for a quality, artistically appealing new design.

 

Meh. I loved the Walking Liberty design, but ASEs are kind of wearing it out. To a lesser extent, AGEs are doing the same thing to the St. Gaudens design. I'd be really unhappy to see the same thing happen to the Peace.

I'm not ashamed: I like some of the new figurative Liberty designs coming out of the Mint. The 2015 high relief gold rocked. I really like the new Liberty designs on the platinum issues as well.

 

ASEs ruined Walkers for me. I I think I would be all for a new ASE design as long as they don't do to it what they did to the nickel, but I hope we can get away from this idea to keep running back to past designs.

 

You realize the Walking Liberty design has been on the silver eagle longer than it was on the half dollar. Same thing with Saint-Gaudens Liberty on the AGE and the double eagle.

 

I can only speak for myself, but in this case doubling the "pleasure" hasn't quite equated to doubling the fun.

 

How about a matte proof in high relief? That would be way too cool.

 

Good luck with Congress doing anything.

 

I've already been bothering my congress people to try and get them to introduce a bill to commemorate in 2021. I think they absolutely should and not just the Peace dollar. As don't forget it was the last year of the Morgan dollar as well. Besides the apparent 1964 plans which went no where on the Morgan and the Peace dollars ending up melted. But I think it's the perfect opportunity for the mint to mint some coins that people might actually want to buy by commemorating both the Morgan and Peace dollars. I'm kind of torn over it though by what they should actually do.

Originally I was thinking gold like the recent gold Walker, Kennedy, etc but then decided that it would probably exclude a large number of collectors from ownership so think they should just go with silver dollars as that's what they'd be commemorating. Although I still think they could just add in minting 50K of each design in gold as long as it accompanies silver designs. Instead of just very large mintage's I thought that 250,000 of each design but split into 3 finishes would probably work best. So they could mint business strikes, proof and reverse proof coins. Which would give them the ability to package three coin sets, sell separates while also I believe keeping the mintage at a compromise type point where it's still low enough to generate interest and sell and likely hold some type of premium.

I actually bothered them so much and got so sick of their canned email responses that I began calling my reps office. Through that I actually drafted some legislation for them as they said they'd look at it if I did. So I did using the last existing coin act passed that I could find while taking aspects from the 1982 George Washington half that restarted the commemorative program and was unique in that all profits went to the treasury towards the debt. Really all they'd have to do is have their aids work it over and make any necessary changes and then propose it and find some co-sponsers. The real problem is that my house rep isn't seeking reelection this year so I think their just on coast mode and don't really care about doing anything except collecting their paycheck and lining up post government cushy jobs.



The spacing on this below is weird as I just copy and pasted from word but still gives the general idea


An Act


To require the Secretary of the Treasury to mint commemorative coins in
recognition of the 100th anniversary of the Morgan and Peace silver dollars in 2021.

Be it enacted by the Senate and House of Representatives of the

United States of America in Congress assembled,


SECTION 1. SHORT TITLE.


This Act may be cited as the “Morgan & Peace Silver dollar 100th anniversary commemorative Act”


SEC. 2. FINDINGS.


The Congress finds the following:

(1) The United States original monetary system was based off a gold and silver standard as set forth by the U.S. Constitution. One of the most popular design silver dollars was the Morgan dollar first minted in 1878 to make use of the silver stockpiles being produced within the U.S. And to provide a popular large size coin for commerce while backing the issued silver certificate paper dollars in circulation.

(2) The Morgan dollar was minted from 1878 to 1904, and again production resumed for one year producing coins dated 1921. 1921 Also saw the introduction of the Peace dollar design which was to commemorate the victory and peace following the great war or WWI. These coins continue to be collected by Americans and numismatists around the world today.

(3) The year 1921 was historic in that it represents one of the only years that the U.S. mint produced circulating silver dollars with two separate designs dated the same year. Which was the last and final year of the Morgan dollar and the first and introductory year of the Peace dollar design which replaced the Morgan design.

(4) Despite the last Peace dollar being produced for circulation in 1935, there was plans to renew production of circulating silver dollars in 1964 and the mint worked on updated production hubs and designs for both the Morgan and Peace dollars dated 1964. The mint even produced 316,076 silver dollars in the Peace design. However, the coins were all melted and the plans for introduction was cancelled by the Coinage Act of 1965 which changed the composition of U.S. coinage.

(5) Since 1982 the U.S. mint has operated a resumed commemorative coinage program producing coins for U.S. collectors which began with Public law 97-104 which produced a 90% silver half dollar to commemorate the 250th anniversary of George Washington’s birth.

(6) That law saw that all half-dollar coins minted would be legal tender and that all half-dollar coins minted shall be sold to the public by the Secretary under such regulations as he may prescribe and at a price equal to the cost of minting and distributing such half-dollar coins (including labor, materials, dies, use of machinery, promotion, and overhead expenses) plus a surcharge of not more than 20 percent of such cost.

(7) Unique among this commemorative coin program was that it mandated that an amount equal to the amount of all surcharges which are received by the Secretary from the sale of such half-dollar coins shall be deposited in the general fund of the Treasury and shall be used for the sole purpose of reducing the national debt.

(8) This proposed commemorative coin act could once again require that all profits be rendered to the general fund instead of towards a charitable organization and be used towards reducing the national debt.

(9) This proposed commemorative coin program presents a unique opportunity to commemorate what was a momentous occasion 100 years ago and honor the history of the United States and it’s currency while allowing our nations collectors an opportunity to literally hold history in their hands and allow the U.S. mint to complete the plan that was scraped in 1964 to again produce both designs at the same time.



SEC. 3. COIN SPECIFICATIONS.


(a) Denominations.--In recognition and celebration of the 100th Anniversary since the Morgan and Peace silver dollars last circulated together, the Secretary of the Treasury (hereafter in this Act referred to as the ``Secretary'') shall
mint and issue the following coins:



(1) $1 silver coins.--Not more than 250,000 $1 coins, which

shall—

(A)Shall feature the Morgan dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.


(2) $1 silver coins.--Not more than 250,000 $1 coins, which

shall—

(A)Shall feature the Peace dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.




(3) Proof silver $1 coins.--Not more than 250,000 proof $1

silver coins which shall—

(A)Shall feature the Morgan dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.


(4) Proof silver $1 coins.--Not more than 250,000 proof $1

silver coins which shall—

(A)Shall feature the Peace dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.


(5) Reverse Proof silver $1 coins.--Not more than 250,000 proof $1

silver coins which shall—

(A)Shall feature the Morgan dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.


(6) Reverse Proof silver $1 coins.--Not more than 250,000 proof $1

silver coins which shall—

(A)Shall feature the Peace dollar coin design of 1921

And be dated with the year of 2021

(B) weigh 26.73 grams;

(C) be struck on a planchet having a diameter of

1.500 inches; and

(D) contain not less than 90 percent silver.






(b) Legal Tender.--The coins minted under this Act shall be legal

tender, as provided in section 5103 of title 31, United States Code.

(c) Numismatic Items.--For purposes of sections 5134 and 5136 of

title 31, United States Code, all coins minted under this Act shall be

considered to be numismatic items.



SEC. 4. DESIGN OF COINS.


(a) In General.--The design for the coins minted under this Act

shall be--

(1) Use the designs or in approximation of, the 1921 Morgan Silver dollar; and the 1921 Peace silver dollar.




(b) Designations and Inscriptions.--On each coin minted under this

Act there shall be--

(1) a designation of the denomination of the coin;

(2) an inscription of the year ``2021''; and

(3) inscriptions of the words ``Liberty'', ``In God We

Trust'', ``United States of America'', and ``E Pluribus Unum''.

(4) The Peace silver dollar design shall use the ‘TRVST’ style spelling of the word ‘Trust’ as featured on the original design.



(d) Reverse Design.—The coins shall feature the reverse designs as featured on the 1921 Morgan dollar for the Morgan dollar design coin or an approximation and the Peace dollar design coins shall use the 1921 Reverse design or an approximation.


SEC. 5. ISSUANCE OF COINS.


(a) Quality of Coins.--Except with respect to coins described under

section 3(a)(5,6), coins minted under this Act shall be issued in

uncirculated and proof qualities.

(b) Period for Issuance.--The Secretary may issue coins minted under

this Act only during the 1-year period beginning on January 1, 2021.

SEC. 6. SALE OF COINS.


(a) Sale Price.--The coins issued under this Act shall be sold by

the Secretary at a price equal to the sum of--

(1) the face value of the coins;

(2) the surcharge provided in section 7(a) with respect to

such coins; and

(3) the cost of designing and issuing the coins (including

labor, materials, dies, use of machinery, winning design

compensation, overhead expenses, marketing, and shipping).


(b) Bulk Sales.--The Secretary shall make bulk sales of the coins

issued under this Act at a reasonable discount.

(c) Prepaid Orders.--

(1) In general.--The Secretary shall accept prepaid orders

for the coins minted under this Act before the issuance of such

coins.

(2) Discount.--Sale prices with respect to prepaid orders

under paragraph (1) shall be at a reasonable discount.

SEC. 7. SURCHARGES.


(a) In General.--All sales of coins minted under this Act shall

include a surcharge as follows:

(1)A surcharge of $10 per coin for the $1 coin described

under section 3(a)(1,2,3,4,5,6).




(b) Distribution.--Subject to section 5134(f) of title 31, United

States Code, all surcharges received by the Secretary from the sale of

coins issued under this Act shall be promptly paid by the Secretary as

follows:

(1) An amount equal to the amount of all surcharges which are received by the Secretary from the sale of such Dollar coins shall be deposited in the general fund of the Treasury and shall be used for the sole purpose of reducing the national debt. There are authorized to be appropriated such sums as may be necessary to carry out the provisions of this section.

(2) No dollar coins shall be minted pursuant to this section after December 31, 2021.


(d) Limitation.--Notwithstanding subsection (a), no surcharge may be

included with respect to the issuance under this Act of any coin during

a calendar year if, as of the time of such issuance, the issuance of

such coin would result in the number of commemorative coin programs

issued during such year to exceed the annual commemorative coin program

issuance limitation under section 5112(m)(1) of title 31, United States

Code (as in effect on the date of the enactment of this Act). The

Secretary of the Treasury may issue guidance to carry out this

subsection.

SEC. 8. FINANCIAL ASSURANCES.


The Secretary shall take such actions as may be necessary to ensure

that--

(1) minting and issuing coins under this Act will not result

in any net cost to the United States Government; and

(2) no funds, including applicable surcharges, are disbursed

to any recipient designated in section 7 until the total cost of

designing and issuing all of the coins authorized by this Act

(including labor, materials, dies, use of machinery, winning

design compensation, overhead expenses, marketing, and shipping)

is recovered by the United States Treasury, consistent with

sections 5112(m) and 5134(f) of title 31, United States Code.

 

Congress WILL do things, as long as they are not involved with things they SHOULD be doing. "Sorry but we have to postpone the budget debates in order to declare National Fig Newton Day."

As for your proposal, it would probably be more likely to pass if it was to recognize the centennial of the peace treaty ending WWI, and requiring the use of the peace dollar design for silver dollar commemorative coins. After all that was what the Peace dollar was commemorating in 1921. (WWI did not end until Nov of 1921. WWI was kind of weird they declared a cease fire in 1918 and everyone went home. Then they worked on the peace treaties and the war didn't official end for three more years.) I'd probably leave the Morgan out completely because I don't think it would impress the congressmen, and I'm not sure they would really care about recognizing their centennial. And in the section where you discuss the surcharges you refer to the coins as half dollars. And the idea of the surcharges going to reduce the national debt isn't unique, several of the modern commemoratives have specified that.

 

I think bringing back the Morgan silver dollar as a Christmas gift item every year would be a wonderful idea! Having a Morgan silver dollar, or perhaps a set of three dollars with different finishes, would be considerably better than selling these lackluster innovation dollars! I remember getting an original Morgan silver dollar from an great aunt and uncle of mine when I was about six years old, and it started my interest in coins! Having commemorative Morgan dollars from years to come would be wonderful coins to get younger people interested in the coin hobby!!!

 

We already make a silver $1 coin in 3 finishes every year; mint state, burnished, and proof. It’s called the Silver American Eagle.

Why do we need to make another?

 

I would be completely against this. To me every-time we bring something back or recycle their design it cheapens if not ruins the original versions. I would like walkers A LOT more if it wasn't for the ASE

 

Suppose the Peace dollar, in 2021, could get the gold treatment that the Mercury, SLQ and WLH got in 2016?

 

Too bad they couldn't do some re-strikes from old dies........if they had 'em.

 

I would be all for a one hundredth anniversary re strike of both the Morgan and the peace. Past that, lay it to rest and let it be!

 

You mean the shrinky-dink treatment?

I wish it could get the 2014 gold Kennedy treatment -- make it standard size, and if that means it has to be a non-standard weight, so be it. I wish they'd done the same for the 2016 commemoratives.

 

So did everyone else, Jeff