Mint Director Releases 2021 Morgan and Peace Dollar Renderings

Discussion in 'US Coins Forum' started by YoloBagels, Jan 10, 2021.

  1. YoloBagels

    YoloBagels Well-Known Member

    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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  3. Santinidollar

    Santinidollar Supporter! Supporter

    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.
  4. COOPER12

    COOPER12 Well-Known Member

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

    Sunflower_Coins Importer and Exporter

    I hope the Peace dollars are high relief. I think, if done right, they would look gorgeous.
    Terrifrompa, NSP, Dima and 4 others like this.
  6. YoloBagels

    YoloBagels Well-Known Member

    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.
    -jeffB, johnmilton, NSP and 2 others like this.
  7. Santinidollar

    Santinidollar Supporter! Supporter

    The Mint’s history over the past few years does not lend itself to hope.
    -jeffB, Penna_Boy, NSP and 3 others like this.
  8. Inspector43

    Inspector43 72 Year Collector

    They certainly won't let the program favor the average collector.
    johnmilton, Penna_Boy and COOPER12 like this.
  9. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . . Supporter

  10. Dima

    Dima Member Supporter

    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.
    -jeffB likes this.
  11. mrweaseluv

    mrweaseluv Supporter! Supporter

    These I will attempt to get both of but the morgan especialy :D
  12. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    I hope they go for unlimited mintage and keep it simple by not introducing multiple finished coins.
    Terrifrompa and -jeffB like this.
  13. Lawtoad

    Lawtoad Well-Known Member

    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.
  14. dwhiz

    dwhiz Collector Supporter

    The date looks to big on the Peace Dollar.
    Why is the reverse bigger than the obverse
    ZoidMeister likes this.
  15. atcarroll

    atcarroll Well-Known Member

    I hope they don't decide to mint 1,921 of them.
    Terrifrompa and furryfrog02 like this.
  16. furryfrog02

    furryfrog02 Well-Known Member

    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.
    ZoidMeister likes this.
  17. johnmilton

    johnmilton Well-Known Member

    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

    1921 Peace Dol All.jpg

    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.

    1935 Dollar All.jpg
    Last edited: Jan 11, 2021 at 9:21 AM
    -jeffB, scottishmoney and ZoidMeister like this.
  18. calcol

    calcol Supporter! Supporter

    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. :grumpy:

    COOPER12 likes this.
  19. gmarguli

    gmarguli Slightly Evil™

    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.
  20. calcol

    calcol Supporter! Supporter

    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.

  21. gmarguli

    gmarguli Slightly Evil™

    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.
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