2025-S Morgan and Peace $1 Proofs on sale at the Mint noon today....only $95 each!
Goldbully
Posts: 18,007 ✭✭✭✭✭
Anyone buying some?
I may buy a few of each....great stocking stuffers.
Of note, the Peace $1 has a 10k less mintage....could be a real sleeper going forward! 😁
Item Number: 25XF
Mintage Limit: 180,000
Product Limit: 180,000
Household Order Limit: 10
Morgan $1 Link
Item Number: 25XL
Mintage Limit: 170,000
Product Limit: 170,000
Household Order Limit: 10
Peace $1 Link
2
Comments
cold
Pass
Well since my 2023’s are now worth little more then bullion melt, I’ll pass. It’s a real shame they overproduce these nice looking coins. Maybe if they only made 100k or less I’d bite again. 170k +, no thanks. I can find better places to waste my money.
Morgan $1
Startup ats: 65,018
Peace $1
Startup ats: 65,454
Pass. Couldn't get enough in 2023, now I've lost interest. Great gifts for thd kids though!
Only the US Mint would put up a waiting room to purchase these. Maybe an upgrade is needed to the 21st century.
im only buying because i have every other coin in this series. otherwise i would probably pass too. resale value is not good.
TBD. At these mintages, at only 2x spot, these could very well end up being "hot."
I'm absolutely no Mint fan boy given all the games they have been playing lately, as well as how piggy they been in pricing certain items. That said, I am also happy to give them credit when credit is due.
170-180K of these in proof at 2x spot is more than reasonable,both from a mintage and from a pricing perspective. You guys are all going to be shaking your heads and then chasing them at 7:30 a.m. when they sell out, so why not just jump in now? Seems pretty low risk to me, even if I turn out to be wrong.
the morgan and peace are not 1 troy oz
I'm just gonna say it. I actually like the modern Peace dollars.
These needed to be 100k like the privy silver eagle proofs to move a lot higher, there is still hope with the reverse proof sets later this year.
They are nice. The Peace Dollar is outstanding. I was not able to get the first year ones so never started the set. Sounds like I may be able to go back and get them a little cheaper. I have added them to the list of things to look for at the Chicago show in 2 weeks.
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The Mint still has the 2023 & 2024 available on site so I don't expect these to sell out either, unless they minted a much lower quantity. Agree not a troy oz, (.859) so only $36 of silver. If they were $75 would continue buying.
How many were sold so far? ATS = ?
I got 2 of each on subscriptions. The Morgans shipped and the Peace dollars are processing.
Throw a coin enough times, and suppose one day it lands on its edge.
Oops. 2.6x spot.
Okay. They are making a "much lower quantity.'
2023 = 400K
2024 = 300K
2025 = 170-180K
Why was it in 2021, we were all over these Morgan/Peace coins with the same mintage at 175K.
And yet, here we are today...
Morgan $1 ats: 60,234........4,784 sold
Peace $1 ats: 61,389...........4,065 sold
That's some really poor first day sales.
Not poor imo, since 10's of thousands of Subscription Customers for both coins received their shipping emails today.
Agreed! Horrible first day. Even with the cut in mintage these will still be available for sale in 2030! The demand has fallen off a cliff.
Since 115,000 of the Morgan Proofs have already been sold to the AB bigs, and this includes the Subscribing public (over the last two weeks) prior to today's' release, the overall sales - currently at 120,000 coins is hardly "Horrible" at all imo.
Ok, how about not hot!!! I love these coins but the Mint destroyed the program 2 years ago with the excessive mintage.
No, it's actually pretty poor, considering how popular they used to be. People are killing themselves for 1 of 100K Army privies while 60K of 170-180K Morgan and Peace proofs go unloved and unsold.
Well for the Peace $ it was the 100 year anniversary and it has maintained its appreciation, although not as high as it was 3-4 years ago. It was the first year and I thought the last as a 1 and done. Luckily I got 1 Peace $.
I like the over all appearance on the peace $
Lol,
Yes, it's actually pretty good first day sales, "considering how popular they used to be".
Really? Take out the subscriptions, ABPP and bulk sales, and they sold almost none on the first day of sale. Given how people were killing each other to get their hands on one of 200K proof Peace Dollars in 2021, it's actually pretty sad that around 50K of 170K 2025s sit unsold as I type this.
And that's assuming they even made 170K available for sale, since, as we all well know now, the mintage limit has no necessary relation to what they actually make available for sale.
You didn't get the irony in your "how popular they used to be" quote, oh well.
OK, let's take away the subs and the AB's ability to pre-purchase these before yesterday, shall we?
Yesterday's Morgan sales would have been 120k coins. Not poor sales.
PS: As we all know(except for you), the mintage limit doesn't dictate how many coins are to be struck, it is simply a limit. Read that back to yourself a few times. Check that - nevermind, that won't work.
Morgan $1 ats: 50,195......10,039 sold since yesterday evening
Peace $1 ats: 51,588...........9,801 sold since yesterday evening
edited to add: HHL Lifted today at noon
No. Your count is off by around 100K.
According to @Goldbully:
"Morgan $1
Startup ats: 65,018
Peace $1
Startup ats: 65,454"
"Take away the subs and the AB's ability to pre-purchase these before yesterday, shall we?" and you have around 15K sold since noon yesterday.
Very unimpressive for something that used to be wildly popular. Too bad you didn't get the abject falsehood in your "Yesterday's Morgan sales would have been 120k coins. Not poor sales." quote, oh well.
Subscriptions
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes. Of course. All I said was that first day sales were very unimpressive at around 15K. With 50K remaining available for sale, with no HHL.
Given that that 175-200K caused a stampede, and huge secondary market premium 4 short years ago, there is no arguing that demand for these has not fallen off a cliff. But please, feel free to argue anyway.
Lmao. I posted 1 word to your 5000. But if you need more words, he's not "off by 100,000" if there are even 50,000 subs.
Feel free to argue with yourself
All comments reflect the opinion of the author, even when irrefutably accurate.
No one is arguing about the decreased demand for these since 2021.
The pre-release purchases(PF Morgans) that were sold to the AB's & Subs to the tune of 115,000 coins prior to yesterday's launch had an impact on release day sales of just 5,000 coins. Get it?
Unimpressive if you focus on launch day sales only.
Decently impressive if you open your mind and look at the entire sales picture over the last two weeks with 120k coins sold up to last night, and still counting.
Yes, he's "off by 100,000," because we are excluding subs. First day sales were 15K. Not 120K. Excluding subs. As we said. Please try to keep up.
Actually, no. Not "decently impressive," given that the mintage limit has been reduced significantly and they have not gone Unavailable, even after the HHL was lifted.
The Mint cannot get out of its own way. Overproducing some items while not minting up to the limit on others where there is demand. With you seeing no evil either way.
Pass
YOU were excluding subs. Everyone else included them because you can't very well double sell the coins. When someone includes the subs, YOU can't simply exclude them and call them wrong. Well... since you did...I guess you can. But it's hardly correct or fair.
115,000 subs (is that number is correct) is more coins than any of the privy coins that you called "hot".
All comments reflect the opinion of the author, even when irrefutably accurate.
We should remind ourselves to take the long way and avoid the NJ Turnpike. 115,000 subs is "cold". 100,000 privies that took weeks to sell is "hot". And I'll fight anyone who disagrees.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes. I was excluding the subs, and YOU injected yourself into the debate. 15K first day sales, excluding subs, when 65K are offered, is very sad. Not hot.
100K privies, one at a time, out of a total mintage of 100K, hot. 130K out of 180K, with no HHL, not hot.
And, by the way, given how they have been playing games recently with not making an entire authorized mintage available for sale, let's be careful about assuming 130K sold until we see a sales report.
Not sure what everyone is debating, but first day sales have to include all the subscriptions and dealer coins as well. Yes, it was probably around 120k, but that is the true demand, not just 15k.
So had they only struck 100k like with the proof privy silver eagles, they would have sold out on day one, and prices would probably be at $250 or $300 right now on Ebay. Instead they have made enough to cover all demand and then some, so prices should not move up.
It is supply and demand, as everyone knows.
Supply, too high.
Demand, too low for supply.
Prices remain at issue for now.
There's only one person here that rejects these numbers that you and I have posted more than once. Not surprising as to who that person is though. He knows better than everyone else on the boards.
It's unfortunate that the mint takes subscriptions now to any products as these two coins show that the buyers are preordering by that method and the mint will have to honor those, which means there will unlikely be any subscription coins being understruck by a large percentage anymore.
On the mint website I see 11 morgan and peace dollars still available to buy (2023 to 2025 versions), and that means an oversupply for these products for some time.
The also have the reverse proof set on a subscription, so maybe they overstrike those as well for this year.
The mint needs to understrike at this point to keep interest up, and reward the buyers who aren't bailing on this product now. 11 versions still available shows demand is dropping.
Really? It's "unfortunate " that the Mint allows collectors to buy coins in an orderly pre-sale?
All comments reflect the opinion of the author, even when irrefutably accurate.
It's unfortunate if the buyer is more interested in profit.
$95?
In today's economy, that's the price of lunch or dinner for two at a $$ or maybe $$$ restaurant. Yes, last I knew, it's a discretionary purchase.
Do you like losing money on all the coins you buy? These high mintages will not appreciate until the spot price of silver covers the premium. It has happened in enough coins by now to show overproduction is bad for buyers.
And if they make them scarce, people complain that they can't get them.
I consider all coin purchases to have a future value of zero. It's a hobby, not an investment. If I'm worried about the price going down, I don't buy one. That's why I have no 5 figure coins in my personal collection.
The problem is you want it both ways. You want an easy to acquire coin that is scarce enough to appreciate. Those are conflicting desires.
All comments reflect the opinion of the author, even when irrefutably accurate.
I am not collecting them per se, but have bought a few and do like them, especially the Peace Dollar.
What I'd like to see the mint do for a gimmick--since they are clearly into gimmick coins and selling nostalgia these days--is crank out next year's Peace and Morgans for the 250th anniversary of the US on early 20th century coin presses using early 20th century die making and coining technology! Make them how they made them in 1921 when proof coins were not all ultra cameo mirrored and uncirculated issues were not all satiny smooth. I bet collectors would be willing to pay double or triple current issue price for the workmanship required of authentically crafted Morgan or Peace issues that really look like what someone might have gotten from the bank in 1921 instead of these current all-look-alike tribute pieces.