![]() I would love to see this continued in 2022 and beyond. This is how one collector who is enthusiastic about the prospect of an ongoing program recently put it: Since then, those differences in views mostly appear to persist, although there is stronger support than there was a year ago for an ongoing series depending on what versions and how many coins are released annually, prices, etc. Reactions to date generally fall into one of three categories: Those who strongly support the program those who liked the previous idea of a commemorative coin but are not interested in an ongoing series and those who say the Mint should stop recycling old coin designs and create new ones. ![]() When I informally surveyed collectors for this column in March 2020, I noted: The Mint refers to them as “updated renditions” of the classic silver dollars that are faithful to the original intent of the coin’s designers, George T. The 2021 silver dollars were authorized by Congressional legislation but are not part of the modern commemorative program, nor are they tribute coins like those issued in gold in 2016 for the centennial of the debut of the Liberty dime, Standing Liberty quarter, and Walking Liberty half dollar. That is also how NGC has decided to classify the 2021 coins, while PCGS and Whitman are still considering the matter, according to articles that appeared in the May 24 issue of Coin World. In fact, as the release of the 2021 silver dollars approached, the values of the original 1921 dollars and of other coins in both dollar series have been rising, including those for more common dates.Īt the same time, if too many coins are released annually, there is a risk of saturating the market with more coins that collectors want, or as one collector told me, “of killing the golden goose.”įor some collectors, the whole point is to celebrate the centennial of the last Morgan and the first Peace dollar, so why keep issuing them? Many others are excited about the prospect of continuing to collect modern Morgan and Peace dollars that for many are a continuation of the original coin series just as the special silver and gold 50th anniversary Kennedy half dollars are part of that series. coins, which should be beneficial for the hobby by creating more collectors and for the value of the older coins, which will be sought by even more collectors. More broadly, a new series should help to more deeply connect classic and modern U.S. The latter remain among the most popular and widely collected classic U.S. ![]() ![]() coin series and also stimulate even greater interest in collecting the original versions of these coins, issued respectively from 1878 to 1921 and from 1921 to 1935. How this issue plays out has the potential to help shape the American numismatic hobby and coin market almost as much as the introduction of new reverse designs this summer on the American silver and gold Eagles.Īn ongoing series of modern Morgan and Peace dollars could become one of the most widely collected modern U.S. Mint Director David Ryder and his staff discussed their interest in making use of the provision in the law that created the forthcoming 2021 Morgan and Peace dollars that allows the coins to be continued to be issued in the future provided demand exists for doing that.īased on a cross-section of collector views and discussions with them, experts, and dealers, there does appear to be support for an ongoing series of new Morgan and Peace dollars, but that support is largely conditioned on certain key factors including how many coins are issued per year, what finishes are used, and whether privy marks continue to be used.Īnd there remains a cadre of collectors who say they would prefer a one-year series for a variety of reasons from the risk of reducing the specialness of the 2021 coins to having too many different coin series to collect and other reasons. During a May 4 discussion with members of the numismatic media, U.S. ![]()
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