A gold Morgan?

This from Coin World:

https://www.coinworld.com/news/us-coins/anniversary-2021-morgan-dollar-may-have-to-be-made-of-gold

 

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I love how the mint loves to ruin classic designs and make them gold bullion commemoratives. The merc, walker, saint gaudens.......now this?

 

+1

 

Ugh. I would’ve been interested if it was struck in silver, but not if it’s gold. Too expensive, not the right dimensions (since gold has different physical properties than silver), and it just wouldn’t feel like a Morgan if it was gold. I understand that the Mint’s hands are tied (since Congress dictates what they can do), but it’s still sad to see this happen.

(And before anyone asks, yes, I’m sure the Mint would find a way to mess them up even if they were allowed to make them out of silver.)

 

Back when the Gallery Mint Museum was more active, at least one coin dealer fell for a reproduction that was tooled to look like a circulated Large Cent or Half Cent. (When it was sent to a third-party grader, the TPG rejected it.) In this case, criminals will add the CC, re-tool the date, and then plate a Morgan dollar. An ounce of gold is worth far more than 0.7 ounces of silver. You will find them on eBay, of course, ultimately from China.

This is a very old problem. On another topic, many sellers of ancient coins try to pass off fouree and test-marked Owls as the "emergency coinage of Athens 406 BC." If there were such an issue (still arguable; but acceptable), the coins issued by the City would not have been so easily re-forged to pass like good silver. A different design would have been used.

So, too, here, 2500 years later. If the US Mint wanted to commemorate the 1921 Morgan Dollar -- only heaven knows why -- it could be achieved with many other motifs.

But, as we know, the market is always right; and if the US Mint strikes the coins, the buyers will want them.

 

Did Coin World make a deliberate typo with a "Myraid of coins"? Could they have meant " Myriad". I love looking and learning on this wonderful site.






















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Rather than living within our means, we the people and our revenue-hungry government have milked a cash cow dry, and find ourselves far shorter of meeting our obligations than in times past.

All of this silliness began in 1964 when, with the abandonment of real money (end of redemption of silver certificates for silver, and the end of coinage in silver, excepting 40% silver half dollars for a further 5 years), the "money tree" of absurdly high seigniorage was created.

Unshackled from the need to have bullion reserves to back the dollars released to the money supply, the government could print / mint as much as it desired, and do so without raising any eyebrows (there were some skeptics, but very few). I was 4 years old then, and knew nothing of what was going on at the time.

Fast forward to today . . . All of the revenue hungry programs created over the last 50 years have picked that money tree clean. The feds have exhausted all creative ways of hiding their self-centered mismanagement of the government's finances.

Self-centered mismanagement? Really? . . . Yes, instead of refusing to fund much of what we were asking for, like a spineless parent indulging a loud, spoiled brat at the candy counter, they gave us what we asked for in order to maintain their cushy DC existence.

Nearly all politicans, regardless of party affiliation, are guilty of selling us out . . . of not doing their jobs. They were supposed to be the adults in the room, but they played the game . . . all to remain in power.

So here's to everyone out there, including you, and yes, me too . . . gold Mercs, Walkers, Morgans, beanie babies and other foolishness to support our profligate ways are pretty much what we asked for . . . and now we've got them![/QUOTE]

 

Well, said, and I think representative of what most of us old-time collectors feel. Of course, this is the same type of nonsense that brought down the classic commemorative programs back in the 1950's.

 

Agreed. Do a silver coin too! Too bad it's just bullion

 

Correct me if I’m wrong, but doesn’t Congress have to authorize a silver commemorative? And if legislation fails to pass, doesn’t the Mint have the choice of issuing the design as a gold bullion coin — or dropping the idea completely?

 

Depends on how you mean that. If you are going to issue a silver commemorative then yes you have to have Congressional authorization. But Congress doesn't HAVE to authorize any commemoratives. Under the current law the int has great leway on the designs for the gold bullion coins which is why they didn't have to have legislation to make the gold centennial dime, quarter, an half in 2016.

 

Would be happy with a reg. Morgan. I have one now. And proud of my coin. 1880 s. @Dave Waterstraat brought me into the morgan world

 

Yeah me too. Would be nice to be able to tell what a nice morgan would look like in hand

 

[/QUOTE]
Whats that all about?

 

Seems like if we want 2021 silver Morgans (and Peace) we need to get on the horn with our congressional reps. I’m calling mine.

 

I have only just one question.......How and the hell can you screw up a design over 100 years old ,when the computer technology of today is so far advanced?

I'm sorry but no thanks.... I can't understand how a proven design 100 years old cannot be recreated equal to or better than the original.
Every coin the mint has copied like this ....imho were !
So I guess a Golden granny bait Morgan why not see how bad the mint is going to look.

 

I confess that I did buy the gold Kennedy Half Dollar. That coin was a great source of excitement for me when I was a young collector. As for Mercury, Standing Liberty and Walking Liberty, it was three passes for me. That program was just three more excuses to get your money. The Kennedy was also a money pit, but I like to get it out and look at is once a while.

As for the golden silver dollar, that will be a pass.

 

It would be far easier to create counterfeit 2021 CC dies and gold plate a tungsten alloy. That’s what they are doing with the fake gold rounds.