New Morgan Dollar?

Discussion in 'US Coins Forum' started by thomas mozzillo, Jul 23, 2019.

  1. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    Last edited: Jul 23, 2019
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  3. CoinCorgi

    CoinCorgi Derp, derp, derp!

  4. Kentucky

    Kentucky Supporter! Supporter

  5. Penna_Boy

    Penna_Boy Just a nobody from the past

    That Carson City will never happen. The mint is now the State of Nevada Museum and I highly doubt they would let anyone fire up the old Press Number 1. This sounds more like a project for Dan Carr. I'd buy then. If the US mint does is it going to be like The Old San Francisco Mint coin?
     
  6. messydesk

    messydesk Well-Known Member

    There's been a lot of discussion of this here. Lots of varying reactions.
     
    Penna_Boy likes this.
  7. LakeEffect

    LakeEffect Average Circulated Supporter


    This article claims a modern press would be brought in to mint the Nevada coins (likely BU in Carson City* and proofs in San Francisco). There's a precedent for this, as some 1989 Congressional commemoratives were struck in Washington, D.C.

    *Striking BU CC dollars is clever because it would boost the usually lackluster sales of the BU strikes. The mint's marketing department is really working overtime.

    Not really interested in a purchase, myself.

    Surcharges would go to the ANA, Nevada Museum, and WWI Museum.
     
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  8. Penna_Boy

    Penna_Boy Just a nobody from the past

    Okay LakeEffect, thanks for the information. However, I would like to hear what the US Mint says. And this all depends on the passage of the GAIN Act. I would not hold my breath on that one. I see this as another Old Mint dollar.
     
  9. LA_Geezer

    LA_Geezer Well-Known Member

    Me too, but it would not be a Mike Mezack first day of issue MS69 special for $195 plus shipping.
     
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  10. LakeEffect

    LakeEffect Average Circulated Supporter

    Agreed, it's just House Bill 3757 at this point, so it's all speculation until a law is passed. (I'm not familiar with the GAIN Act or what it has to do with coins)

    [Edit] Never mind, I see the GAIN act was Bill 3757 in a previous Congress - not related to this Bill
     
    Last edited: Jul 23, 2019
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  11. Penna_Boy

    Penna_Boy Just a nobody from the past

    "Collectors could be getting a 2021-CC Morgan dollar. House Bill 3757 was introduced July 16 to authorize production of Morgan and Peace silver dollars to mark the centennial anniversary of the production transition between the two designs in 1921 — including Morgan dollars struck at the former Carson City Mint and a high relief Peace dollar."

    This is an attachment to HR 3757 aka The GAIN Act:
    Grow American Incomes Now Act of 2017 or the GAIN Act

    This bill amends the Internal Revenue Code, with respect to the earned income tax credit (EITC), to: (1) increase specified credit and phaseout percentages, (2) increase the earned income amounts and the phase out amounts, (3) decrease from 25 to 21 the minimum eligibility age for individuals without qualifying children, and (4) allow employees to elect to receive advance payments of the EITC from employers when wages are paid.

    So, I don't have much faith in it being passed. If it does pass maybe 2 years.
     
    Last edited: Jul 23, 2019
  12. littlehugger

    littlehugger Active Member

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  13. UncleScroge

    UncleScroge Well-Known Member

    Sounds like another gimmick for the Mint to make some more money. Oops, I mean profit.
     
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  14. Terrifrompa

    Terrifrompa Member

  15. NYandW

    NYandW Makes Cents!

    Lets all "sit tight" and see what comes about in 2021. Why get in a froth about a possible/maybe future event 2-3 years out?
     
  16. calcol

    calcol Supporter! Supporter

    Nah, you've got to git yer 1907 ultra high relief double eagle first.
     
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  17. Phoenixchag

    Phoenixchag New Member

    I would want the Morgan.
     
  18. littlehugger

    littlehugger Active Member

    I need two of those.
    One for my gold type album, the other for the kids to play with.
     
  19. Ima Dragon

    Ima Dragon Year of the Dragon

    I won't be adding one to my collection I only have the 1878 error coins , too many varieties to get excited about the Morgan Dollar plus Investors have driven the price up and they don't even care about numismatics or the history of coins just another investment for a portfolio .
     
  20. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    No, it's not - that was the 115th Congress not 116th...

    https://www.congress.gov/bill/116th-congress/house-bill/3757

    It was introduced and refered to committee. It's also bogus - 10 days later and there is still no text of the bill!
     
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  21. MichiganCoin1904

    MichiganCoin1904 New Member

    Not a chance! If the goal is to sell coins and fuel the hobby this is a bust. Try creating something new, that’s worth collecting. Take a pattern or Golbrect dollar from the late 1700 or early 1800’s

    Who is running the show? Pants pulled up over the belly button are a thing of the past. So is the Peace and Morgan $

    Coin
     
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