It is IMPORTANT that you consider your credit/debit card. They will likely probe the card when ordered, then charge the card several months later, before shipping. Don't use a card with expiration date before expected shipping date!
@Freddie- Why do you think the possibility that they might become a series will kill demand for the 2021 coins? Nothing has been decided yet though the Mint seems to favor if the demand appears to be there.
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
they can only make so many different finishes. if they could make them look a lot like the originals the interest may last a few years ... perhaps more. I call it collector fatigue. the excitement leaves the room after a few years.
I collected the ATB 5 ouncers in both bullion and numismatic. I'm glad it's over. tired after so many years.
perhaps at $85 a year and they only do 1 of each per year there will be those that collect these like they would a lincoln cent run. ... instaad of a waning palladium run (cost a factor?) or the first spouse issues (cost? fatigue? subject matter?)
as far as underestimating the interest, I think that may be true for recent times but in the past we have hit it on most but not all issues.
I think we have been missing lately because, while our interest is at one level, the collectible market is something we're still not gauging properly. the collectible market is hot.
I'm thinking it is pandemic related and hope the heat lasts instead of waning,
lest keep in mind the declining interest in spouse coins and the failed attempts to flip the 2020 palladium issue on ebay. the mint has those returned 2020 palladium coins back on sale and that is at a reduce mintage than previous years. there are lessons to be learned. understanding why things are happening is key.
@LGTheCoinAnalyst said: @Freddie- Why do you think the possibility that they might become a series will kill demand for the 2021 coins? Nothing has been decided yet though the Mint seems to favor if the demand appears to be there.
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
why do I get the impression this issue will not be hot.
original dollar collectors: some are interested in one or 2, and some want all 6, some want more than just 6.
the non-original dollar collectors are not much more interested.
In the past this would indicate tepid interest overall and with a 175k/200k mintage would indicate no sell out.
how's the current collectible market going to take it.
=-
one thing the mint underestimated: 1,945 V75 AGE. A spectacular failure. An obvious mistake.
I'm also not taking the mint marketing department's word on what's hot or not.
hot or not must be divined.
=-
at 175k/200k mintages there is the threat of what happened with the 2020 palladium issue. Product quickly goes unavailable and remains so.... until the returns from the failed flips hit. Then they are left with 10% of the mintage to either waffle or resell. The mint is still trying to resell the returns.
I think at even a 10 HHL, the flippers will take control. It could seem like a success... similar to the 2020 Pd issue... until the returns hit.
I also think that if the overall look and finish these 2021 are to the original look and feel, the more successful they will be. go more matte than shiny BU.
the 1921 peace needs to be HR and have the fourth ray under the words "ONE" present.
@MsMorrisine - I agree on your last two points. On the look they should end up looking extremely similar to the originals with the main exception being lack of HR on the Peace-- just a fraction of a millimeter thinner than the original and a little more silver because of the same weight combined with the higher silver content.
The coin's fathers as I call them, Tom and Mike, worked hard to make the Peace HR but the Mint says they could not do it. It is hard to understand when you look at what other mints do in HR, including making special capsules with more room for the extra relief, but it is what it is unfortunately. However, my understanding is that they will still have a decent relief, just not fully HR, and part of this has to do with the difference in thickness. Though not apparent to the naked eye, it means there was les metal to work with in the center where the high points of the designs are. Perhaps this is something they can work on for the 2022 issue.
As for the art, the coins were developed, as I and Paul Gilkes explained in our respective articles this week, using the legacy assets the Mint maintains, at least those that still exist, i.e., plasters, galvanos, etc. then scanned digitally to create the dies, hubs, etc. So those who say things like they are cartoonish are way off. I may be more enthusiastic than some, but I do think we will be impressed with how they look.
I'm in for 2 of each 2021 issue and whatever the Mint decides to produce in the future, as long as they're not commemorative issues. Any collectors working on putting together a set of either series will most likely need these new issues to complete a set. I'm sure these will become a registry subset for those interested in completing that as well. They'll sell. People have a need to put their money somewhere, especially after a year+ of the pandemic.
Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
@LGTheCoinAnalyst said: @Freddie- Why do you think the possibility that they might become a series will kill demand for the 2021 coins? Nothing has been decided yet though the Mint seems to favor if the demand appears to be there.
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
Sorry for the late response. I was offline until now and just saw your post. In my opinion, the Mint is spot on with producing only the one version of the 2021 Peace dollar.
However, their decision to produce 5 versions of the 2021 Morgan is a mistake because they are using privy marks for the CC and the O versions. Based on how the V75 privy marks look on the 2020-W quarters I believe collectors will be highly disappointed with the look of these privy marks on the Morgans vs. the mint marks versions because the privy marks may be faint and hard to see.
In response to your question regarding the 2022 versions and beyond it is my belief that this will saturate the market and reduce the value of the 2021 versions if they replicate what they are doing in 2021. If they in fact offer different variations from the 2021 coins then that will help the 2021 versions maintain their value.
But it still takes away the rarity of the 2021 because now you have more versions of Peace Dollars. More importantly, the Morgans were not produced after 1921 so how can you justify a 2022 and beyond Morgan? You can't in my opinion.
I have seen this happen with other collectibles. The companies over produce their product ruining their products collectible value by saturating the market.
To be clear, what makes any product highly collectible is the rarity of it which in turn increases the value of this product as time moves on. Less equals more!
@LGTheCoinAnalyst said: @Freddie- Why do you think the possibility that they might become a series will kill demand for the 2021 coins? Nothing has been decided yet though the Mint seems to favor if the demand appears to be there.
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
I would love to see this continued in 2022 and beyond. Silver dollars are very popular & this would help spur further interest in an already popular series. I also think that they should revive other classic designs as well. I'd be happy to speak or PM if you want me to.
@LGTheCoinAnalyst said:
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
Yes, we don’t need 6 silver dollars every year, but I strongly favor having annual Morgan and Peace dollars. I’d like to see Morgan Dollars made at West Point too. As well as Peace Dollars at Denver, San Francisco and West Point. In terms of finishes, I’d like to definitely see a traditional cameo mirror proof Morgan dollar. Proof Morgan dollars made from 1878-1904 can cost thousands of dollars even with no cameo contrast, with cameo or ultra cameo coins costing up to five figures in some cases. Having a proof 2022 Morgan Dollar with every single coin having ultra cameo contrast would allow collectors who can’t afford proof Morgans now to be able to get them at an affordable price point. I’d also like to see proof, reverse proof, enhanced uncirculated Morgan and Peace dollars. I’d also team up with the BEP to do Morgan/peace coin + currency sets where BEP can have a limited edition $1, $2 or $5 silver certificate accompany a Morgan and peace dollar.
In terms of other classic coin revivals I’d like to see, I’d favor a 2029 Indian Head $2.50 & $5 program and a 2033 Indian Head $10 & Saint Gaudens $20 program to commemorate the 100th anniversary of the end of those series and the 100th anniversary of the end of gold coinage for circulation. The US Mint has the statutory authority to do this.
@LGTheCoinAnalyst said:
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
So....you didn't thank me for my opinion. I guess you are going to print only the people's opinions who are in favor of the Mint producing coins next year and beyond? Typical biased journalism I guess!😂🤣
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
It’s fantastic that the U.S. Mint is doing the 100 year anniversary coins. I like the idea of minting them in subsequent years too. Personally I’ll (try) to buy the CC privy coins and the Peace dollar. That being said it does seem as if minting so many different Morgan’s might be problematic.
The coin dealers will advertise and encourage people to buy these coins. That is a good thing.
However I believe that the mint should not kill the golden goose. They tend to overdo things.
Overall I think the 100 year anniversary coins will be a plus for the hobby.
It’s fantastic that the U.S. Mint is doing the 100 year anniversary coins. I like the idea of minting them in subsequent years too. Personally I’ll (try) to buy the CC privy coins and the Peace dollar. That being said it does seem as if minting so many different Morgan’s might be problematic.
The coin dealers will advertise and encourage people to buy these coins. That is a good thing.
However I believe that the mint should not kill the golden goose. They tend to overdo things.
Overall I think the 100 year anniversary coins will be a plus for the hobby.
Too many each year, to me. would be too many.
I wouldn't mind one each of the Morgan and Peace, different MM each year, in ultra cameo. They would be special enough to stay relevant and not kill that "Golden Goose".
Only until @olympicsos idea of other 100 year Anniversary minting begins with a 2029 gold Indian Head $2.50 & $5 for 4 years. Then the gold 2033 Indian Head $10 & Saint Gaudens $20, also in Ultra Cameo. Ending, after a similar 4 years in 2037.
So this would be 7 years of a Morgan & Peace Dollar, 4 years of gold Indian Head $2.50 & $5 and ending with 4 years of Indian Head $10 & Saint Gaudens $20 all in Ultra Cameo again with different MM's each year.
Enough of each to stay special but not so many to kill the programs.
So 175,000 per issue (200k Peace)
Ryder said they had difficulty securing the 1 million+ blanks.
This tells me there will be NO other 2021 special sets or additional issues that feature these coins.
Also , dealers get 17,500 of each issue secured. flood of 70s will hit market.
@LGTheCoinAnalyst said:
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
So....you didn't thank me for my opinion. I guess you are going to print only the people's opinions who are in favor of the Mint producing coins next year and beyond? Typical biased journalism I guess!😂🤣
Not at all. On May 9 above I said "Thanks for the comments," which was aimed at you and anyone else. I then asked olympicsos a question. Perhaps you looked at it and thought that was one sentence aimed at him, which it was not. I actually already included most of what you said in your comment. I am not using names or handles unless anyone wants me to. You can PM me if you want your real name included. I have had over 1,000 coin articles published and no one has ever accused me of being biased or assumed I would include only certain viewpoints. The article does not have a viewpoint. It analyzes the issue and quotes some collectors, dealers and silver dollar experts. The whole point is to get a variety of views.
I appreciate all comments from everyone whether or not I thank you individually or decide to include your comments as I can't include everything everyone says.
@LGTheCoinAnalyst said:
I appreciate all comments from everyone whether or not I thank you individually or decide to include your comments as I can't include everything everyone says.
Always happy to bend an ear. It’s a family trait. for myself, I think the mint would be most successful by being creative. Certainly there is the classic coin collector set (like me) who wants these new coins to match the look of the original series.
However, looking down the road I think the mint should try some real clever things. Maybe get some ideas from CIT Coins and do something bold that would attract people who aren’t interested in the classic era.
@LGTheCoinAnalyst said:
I appreciate all comments from everyone whether or not I thank you individually or decide to include your comments as I can't include everything everyone says.
Always happy to bend an ear. It’s a family trait. for myself, I think the mint would be most successful by being creative. Certainly there is the classic coin collector set (like me) who wants these new coins to match the look of the original series.
However, looking down the road I think the mint should try some real clever things. Maybe get some ideas from CIT Coins and do something bold that would attract people who aren’t interested in the classic era.
Right. I love CIT stuff (a lot of it not all). One for one thing let's do real HR and make some special capsules tall enough for it.
@LGTheCoinAnalyst said:
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
So....you didn't thank me for my opinion. I guess you are going to print only the people's opinions who are in favor of the Mint producing coins next year and beyond? Typical biased journalism I guess!😂🤣
Not at all. On May 9 above I said "Thanks for the comments," which was aimed at you and anyone else. I then asked olympicsos a question. Perhaps you looked at it and thought that was one sentence aimed at him, which it was not. I actually already included most of what you said in your comment. I am not using names or handles unless anyone wants me to. You can PM me if you want your real name included. I have had over 1,000 coin articles published and no one has ever accused me of being biased or assumed I would include only certain viewpoints. The article does not have a viewpoint. It analyzes the issue and quotes some collectors, dealers and silver dollar experts. The whole point is to get a variety of views.
Ok good to know you are publishing a well rounded article with many points of view both for and against. Good luck with your quest! Please come back and post a link to your article so we all can read it.😎
@LGTheCoinAnalyst said:
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
So....you didn't thank me for my opinion. I guess you are going to print only the people's opinions who are in favor of the Mint producing coins next year and beyond? Typical biased journalism I guess!😂🤣
Not at all. On May 9 above I said "Thanks for the comments," which was aimed at you and anyone else. I then asked olympicsos a question. Perhaps you looked at it and thought that was one sentence aimed at him, which it was not. I actually already included most of what you said in your comment. I am not using names or handles unless anyone wants me to. You can PM me if you want your real name included. I have had over 1,000 coin articles published and no one has ever accused me of being biased or assumed I would include only certain viewpoints. The article does not have a viewpoint. It analyzes the issue and quotes some collectors, dealers and silver dollar experts. The whole point is to get a variety of views.
Ok good to know you are publishing a well rounded article with many points of view both for and against. Good luck with your quest! Please come back and post a link to your article so we all can read it.😎
Case against multiyear production…might compete with type two ASE?
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
@carew4me said:
So 175,000 per issue (200k Peace)
Ryder said they had difficulty securing the 1 million+ blanks.
This tells me there will be NO other 2021 special sets or additional issues that feature these coins.
>
sure, it's hard to source 1,000,000 blanks, but how hard would it be to secure 3,842 blanks for 1,921 morgan/peace proof sets? 😏
all I'm saying is don't count addtl special sets out of the equation - the mint's good at their 'surprises'
In addition to possibly having your credit card expire or get hacked between now and October...resulting in cancelled orders...did anyone else notice that in the Mint's infinite wisdom that these coins will be sold not on consecutive Mondays...or consecutive Tuesdays...but on Monday-Tuesday-Monday!!!
Now that's some genius marketing right there...NOT!
@RichR said:
In addition to possibly having your credit card expire or get hacked between now and October...resulting in cancelled orders...did anyone else notice that in the Mint's infinite wisdom that these coins will be sold not on consecutive Mondays...or consecutive Tuesdays...but on Monday-Tuesday-Monday!!!
Now that's some genius marketing right there...NOT!
Possibly because that the 2nd release date being a Tuesday and not Monday is because it’s Memorial Day.
Louis, you wrote a very well written and comprehensive article! I am impressed and thank you for including some of my thoughts about the subject. 😎
RESPECT! 👍🏋️♂️🏋️♂️🏋️♂️🥇🥇🥇🇺🇸🇺🇸
@LGTheCoinAnalyst Great article perfectly timed for the release. I think 2021 should just be the anniversary celebration of these two powerhouse coins, not a launch point for a new-old series. IMHO
I may buy these if the dealer price is right. I am no longer buying directly from the Mint because of all the frustration. The ASE and AGE WWII fiasco really burnt me. I will not compete with the flippers with bots because it's a losing battle. The Mint has totally become a supply house for the flippers. If I find a dealer with fair prices, then wonderful. If not, I'll pass.
I'm in for one each. This won't be much of a flip, which is good since this will be one of the Mint issues I actually want to keep. No temptation to sell.
@JeffM said:
I can't wait for the flippers to come on here, puff their chests out, and boast about the hundreds of Morgans and Peace Dollars they bought.
Any body can get hundreds of these the HHL of 10 is only for the first 24 hours. Then it is what ever you can afford.
Remember these won't ship until October.
Jeff -wait for basement guy to show up- you will love him🤣
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
@JeffM said:
I can't wait for the flippers to come on here, puff their chests out, and boast about the hundreds of Morgans and Peace Dollars they bought.
Any body can get hundreds of these the HHL of 10 is only for the first 24 hours. Then it is what ever you can afford.
Remember these won't ship until October.
They will buy them all on the first minute of the first hour of the first day. Many of the flippers have teams of hired goons who each order the HHL of 10. On the second day, the flippers will just buy a couple hundred more on their own.
Comments
What a great way to kill demand for the 2021 program! Why?🤔
It is IMPORTANT that you consider your credit/debit card. They will likely probe the card when ordered, then charge the card several months later, before shipping. Don't use a card with expiration date before expected shipping date!
(l8-)>>
@Freddie- Why do you think the possibility that they might become a series will kill demand for the 2021 coins? Nothing has been decided yet though the Mint seems to favor if the demand appears to be there.
Collectors are split at the moment (to the extent they are even aware of this) on the idea of doing an ongoing series. There are plenty of ways to make the 2021 coins different from the rest so they remain special. I also think there is a tendency on this forum to underestimate the level of interest in the new coins. I am not predicting anything, just saying that there is a very high level of interest.
I am about to start a new article on that and am interested in what folks here think of continuing them in 2022 and beyond. There are a lot of different possibilities like doing them in bullion quality, which could mean PL and DP coins, Proofs, BU but only one Morgan and one Peace year, different finishes, and as the CW article states by using old assets there may be slightly different designs. I am not sure if that means the various feather versions of 1878 or what. Any thoughts out there?
Cool. Bucking mustang horse on the hundred dollar gold coin!
they can only make so many different finishes. if they could make them look a lot like the originals the interest may last a few years ... perhaps more. I call it collector fatigue. the excitement leaves the room after a few years.
I collected the ATB 5 ouncers in both bullion and numismatic. I'm glad it's over. tired after so many years.
perhaps at $85 a year and they only do 1 of each per year there will be those that collect these like they would a lincoln cent run. ... instaad of a waning palladium run (cost a factor?) or the first spouse issues (cost? fatigue? subject matter?)
as far as underestimating the interest, I think that may be true for recent times but in the past we have hit it on most but not all issues.
I think we have been missing lately because, while our interest is at one level, the collectible market is something we're still not gauging properly. the collectible market is hot.
I'm thinking it is pandemic related and hope the heat lasts instead of waning,
lest keep in mind the declining interest in spouse coins and the failed attempts to flip the 2020 palladium issue on ebay. the mint has those returned 2020 palladium coins back on sale and that is at a reduce mintage than previous years. there are lessons to be learned. understanding why things are happening is key.
Are you Louis?
why do I get the impression this issue will not be hot.
original dollar collectors: some are interested in one or 2, and some want all 6, some want more than just 6.
the non-original dollar collectors are not much more interested.
In the past this would indicate tepid interest overall and with a 175k/200k mintage would indicate no sell out.
how's the current collectible market going to take it.
=-
one thing the mint underestimated: 1,945 V75 AGE. A spectacular failure. An obvious mistake.
I'm also not taking the mint marketing department's word on what's hot or not.
hot or not must be divined.
=-
at 175k/200k mintages there is the threat of what happened with the 2020 palladium issue. Product quickly goes unavailable and remains so.... until the returns from the failed flips hit. Then they are left with 10% of the mintage to either waffle or resell. The mint is still trying to resell the returns.
I think at even a 10 HHL, the flippers will take control. It could seem like a success... similar to the 2020 Pd issue... until the returns hit.
I recommend lowering the HHL from 10 to 5.
I also think that if the overall look and finish these 2021 are to the original look and feel, the more successful they will be. go more matte than shiny BU.
the 1921 peace needs to be HR and have the fourth ray under the words "ONE" present.
@Samuel - Yes, it's me!
@MsMorrisine - I agree on your last two points. On the look they should end up looking extremely similar to the originals with the main exception being lack of HR on the Peace-- just a fraction of a millimeter thinner than the original and a little more silver because of the same weight combined with the higher silver content.
The coin's fathers as I call them, Tom and Mike, worked hard to make the Peace HR but the Mint says they could not do it. It is hard to understand when you look at what other mints do in HR, including making special capsules with more room for the extra relief, but it is what it is unfortunately. However, my understanding is that they will still have a decent relief, just not fully HR, and part of this has to do with the difference in thickness. Though not apparent to the naked eye, it means there was les metal to work with in the center where the high points of the designs are. Perhaps this is something they can work on for the 2022 issue.
As for the art, the coins were developed, as I and Paul Gilkes explained in our respective articles this week, using the legacy assets the Mint maintains, at least those that still exist, i.e., plasters, galvanos, etc. then scanned digitally to create the dies, hubs, etc. So those who say things like they are cartoonish are way off. I may be more enthusiastic than some, but I do think we will be impressed with how they look.
I'm in for 2 of each 2021 issue and whatever the Mint decides to produce in the future, as long as they're not commemorative issues. Any collectors working on putting together a set of either series will most likely need these new issues to complete a set. I'm sure these will become a registry subset for those interested in completing that as well. They'll sell. People have a need to put their money somewhere, especially after a year+ of the pandemic.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Yeah, there are those Morgan/peace that will need it.
But are there 175k each and 200k of the other? I’m thinking not.
=-
I also note these will be a new type coin for those collectors.
FYI - NGC has decided to list them with the old coins for census and registry sets but our hosts are still mulling it.
Sorry for the late response. I was offline until now and just saw your post. In my opinion, the Mint is spot on with producing only the one version of the 2021 Peace dollar.
However, their decision to produce 5 versions of the 2021 Morgan is a mistake because they are using privy marks for the CC and the O versions. Based on how the V75 privy marks look on the 2020-W quarters I believe collectors will be highly disappointed with the look of these privy marks on the Morgans vs. the mint marks versions because the privy marks may be faint and hard to see.
In response to your question regarding the 2022 versions and beyond it is my belief that this will saturate the market and reduce the value of the 2021 versions if they replicate what they are doing in 2021. If they in fact offer different variations from the 2021 coins then that will help the 2021 versions maintain their value.
But it still takes away the rarity of the 2021 because now you have more versions of Peace Dollars. More importantly, the Morgans were not produced after 1921 so how can you justify a 2022 and beyond Morgan? You can't in my opinion.
I have seen this happen with other collectibles. The companies over produce their product ruining their products collectible value by saturating the market.
To be clear, what makes any product highly collectible is the rarity of it which in turn increases the value of this product as time moves on. Less equals more!
I would love to see this continued in 2022 and beyond. Silver dollars are very popular & this would help spur further interest in an already popular series. I also think that they should revive other classic designs as well. I'd be happy to speak or PM if you want me to.
Thanks for the comments. @olympicsos - Do you have ant preference on future dollars as far as finishes, how many coins per year, etc.?
Yes, we don’t need 6 silver dollars every year, but I strongly favor having annual Morgan and Peace dollars. I’d like to see Morgan Dollars made at West Point too. As well as Peace Dollars at Denver, San Francisco and West Point. In terms of finishes, I’d like to definitely see a traditional cameo mirror proof Morgan dollar. Proof Morgan dollars made from 1878-1904 can cost thousands of dollars even with no cameo contrast, with cameo or ultra cameo coins costing up to five figures in some cases. Having a proof 2022 Morgan Dollar with every single coin having ultra cameo contrast would allow collectors who can’t afford proof Morgans now to be able to get them at an affordable price point. I’d also like to see proof, reverse proof, enhanced uncirculated Morgan and Peace dollars. I’d also team up with the BEP to do Morgan/peace coin + currency sets where BEP can have a limited edition $1, $2 or $5 silver certificate accompany a Morgan and peace dollar.
In terms of other classic coin revivals I’d like to see, I’d favor a 2029 Indian Head $2.50 & $5 program and a 2033 Indian Head $10 & Saint Gaudens $20 program to commemorate the 100th anniversary of the end of those series and the 100th anniversary of the end of gold coinage for circulation. The US Mint has the statutory authority to do this.
Thanks very much, @olympicsos!
So....you didn't thank me for my opinion. I guess you are going to print only the people's opinions who are in favor of the Mint producing coins next year and beyond? Typical biased journalism I guess!😂🤣
........
It’s fantastic that the U.S. Mint is doing the 100 year anniversary coins. I like the idea of minting them in subsequent years too. Personally I’ll (try) to buy the CC privy coins and the Peace dollar. That being said it does seem as if minting so many different Morgan’s might be problematic.
The coin dealers will advertise and encourage people to buy these coins. That is a good thing.
However I believe that the mint should not kill the golden goose. They tend to overdo things.
Overall I think the 100 year anniversary coins will be a plus for the hobby.
@Tomthemailcarrier
Too many each year, to me. would be too many.
I wouldn't mind one each of the Morgan and Peace, different MM each year, in ultra cameo. They would be special enough to stay relevant and not kill that "Golden Goose".
Only until @olympicsos idea of other 100 year Anniversary minting begins with a 2029 gold Indian Head $2.50 & $5 for 4 years. Then the gold 2033 Indian Head $10 & Saint Gaudens $20, also in Ultra Cameo. Ending, after a similar 4 years in 2037.
So this would be 7 years of a Morgan & Peace Dollar, 4 years of gold Indian Head $2.50 & $5 and ending with 4 years of Indian Head $10 & Saint Gaudens $20 all in Ultra Cameo again with different MM's each year.
Enough of each to stay special but not so many to kill the programs.
The new privy marks remind me of TV logos of Closed Caption and CBS.
Yeah, I don't like the privy marks. Not going to buy these two
So 175,000 per issue (200k Peace)
Ryder said they had difficulty securing the 1 million+ blanks.
This tells me there will be NO other 2021 special sets or additional issues that feature these coins.
Also , dealers get 17,500 of each issue secured. flood of 70s will hit market.
Loves me some shiny!
Not at all. On May 9 above I said "Thanks for the comments," which was aimed at you and anyone else. I then asked olympicsos a question. Perhaps you looked at it and thought that was one sentence aimed at him, which it was not. I actually already included most of what you said in your comment. I am not using names or handles unless anyone wants me to. You can PM me if you want your real name included. I have had over 1,000 coin articles published and no one has ever accused me of being biased or assumed I would include only certain viewpoints. The article does not have a viewpoint. It analyzes the issue and quotes some collectors, dealers and silver dollar experts. The whole point is to get a variety of views.
I appreciate all comments from everyone whether or not I thank you individually or decide to include your comments as I can't include everything everyone says.
Always happy to bend an ear. It’s a family trait.
for myself, I think the mint would be most successful by being creative. Certainly there is the classic coin collector set (like me) who wants these new coins to match the look of the original series.
However, looking down the road I think the mint should try some real clever things. Maybe get some ideas from CIT Coins and do something bold that would attract people who aren’t interested in the classic era.
TurtleCat Gold Dollars
Right. I love CIT stuff (a lot of it not all). One for one thing let's do real HR and make some special capsules tall enough for it.
Ok good to know you are publishing a well rounded article with many points of view both for and against. Good luck with your quest! Please come back and post a link to your article so we all can read it.😎
Thanks, Freddie, Will do.
Case against multiyear production…might compete with type two ASE?
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
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sure, it's hard to source 1,000,000 blanks, but how hard would it be to secure 3,842 blanks for 1,921 morgan/peace proof sets? 😏
all I'm saying is don't count addtl special sets out of the equation - the mint's good at their 'surprises'
I think ase collectors will still collect ase.
Those wanting to start a fresh collection? Who knows?
In addition to possibly having your credit card expire or get hacked between now and October...resulting in cancelled orders...did anyone else notice that in the Mint's infinite wisdom that these coins will be sold not on consecutive Mondays...or consecutive Tuesdays...but on Monday-Tuesday-Monday!!!
Now that's some genius marketing right there...NOT!
Possibly because that the 2nd release date being a Tuesday and not Monday is because it’s Memorial Day.
I love silver
I will try for one of each.
Here is the published article: http://news.coinupdate.com/will-collectors-and-the-market-embrace-an-ongoing-series-of-new-morgan-and-peace-silver-dollars/
Thanks again to all who shared comments.
good article. thanks for writing and sharing!
6 days left.
these are the CC and O privy marks.
who in 6 days from now and for how many?
1 of each for me.
None for me. I am not a fan of the privy marks but I will be buying the other Morgans and the Peace dollar. 😎
Louis, you wrote a very well written and comprehensive article! I am impressed and thank you for including some of my thoughts about the subject. 😎
RESPECT! 👍🏋️♂️🏋️♂️🏋️♂️🥇🥇🥇🇺🇸🇺🇸
Thanks very much, Freddie and MsMorrisine!
@LGTheCoinAnalyst Great article perfectly timed for the release. I think 2021 should just be the anniversary celebration of these two powerhouse coins, not a launch point for a new-old series. IMHO
I may buy these if the dealer price is right. I am no longer buying directly from the Mint because of all the frustration. The ASE and AGE WWII fiasco really burnt me. I will not compete with the flippers with bots because it's a losing battle. The Mint has totally become a supply house for the flippers. If I find a dealer with fair prices, then wonderful. If not, I'll pass.
I'm in for one each. This won't be much of a flip, which is good since this will be one of the Mint issues I actually want to keep. No temptation to sell.
I can't wait for the flippers to come on here, puff their chests out, and boast about the hundreds of Morgans and Peace Dollars they bought.
Any body can get hundreds of these the HHL of 10 is only for the first 24 hours. Then it is what ever you can afford.
Remember these won't ship until October.
Jeff -wait for basement guy to show up- you will love him🤣
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
They will buy them all on the first minute of the first hour of the first day. Many of the flippers have teams of hired goons who each order the HHL of 10. On the second day, the flippers will just buy a couple hundred more on their own.
About a dozen sold on ebay yesterday for $150-$185....