2022 Morgan and Peace dollars

cheezhed · November 9, 2021 3:25AM

I just got the mint Christmas catalog and on the inside of the cover it says that the program will continue in 2022 and beyond. Not sure if this was posted.

cagcrisp · November 9, 2021 3:53AM

What was the exact wording?

cheezhed · November 9, 2021 4:09AM

I don’t have it in front of me I’m at work but pretty much wording is what I posted.

cagcrisp · November 9, 2021 4:39AM

I was curious as to whether we get numismatic coins or bullion coins

ricko · November 9, 2021 4:48AM

That surprises me.... Will have to read that when it arrives (should get it today or tomorrow). Cheers, RickO

Onastone · November 9, 2021 4:49AM

I had a feeling this was going to happen. Now I'm wondering what finishes will be used to promote "first evers" like the "first ever" reverse proof Peace Dollar. "First ever" enhanced Morgan. What category will these fall in...silver dollars, commemoratives, bullion, resurrection???

Jzyskowski1 · November 9, 2021 5:04AM

Perhaps they will continue in the great tradition of this year. More junk🙀

don129 · November 9, 2021 5:24AM

jshaulis · November 9, 2021 5:37AM

So does this news help or hurt the 2021 prices?

Rampage · November 9, 2021 5:46AM

I am a little disappointed in the decision to continue the two products. I liked them better as the centennial tribute.

TurtleCat · November 9, 2021 5:58AM

@jshaulis said:
So does this news help or hurt the 2021 prices?

I think it hurts them somewhat.

Goldminers · November 9, 2021 6:02AM

The Congressional act does allow for 90% or higher silver content, as I linked to it in some other threads. It did say bulk distribution was allowed, as are proofs, or other finishes. It did not state an end date like most of these authorizations.

Martin · November 9, 2021 6:33AM

I had a thought. I’m know it won’t happen but just imagine circulating clad versions full size like the Ike’s. Now that would be nice for collectors.

Martin

Liquidated · November 9, 2021 7:01AM

Deleted

Coin Finder · November 9, 2021 7:08AM

Maybe the 2022 mintages will be higher making the 2021 "keys"

BryceM · November 9, 2021 7:09AM

The mint would sell used lids from tin cans if they thought someone would buy them. The decision diminishes the whole idea (which I kinda, sorta liked).

fathom · November 9, 2021 7:44AM

High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Jzyskowski1 · November 9, 2021 8:09AM

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Might be a little early to judge the success of these coins. One thing for sure is they have quality issues that have “tarnished “ ( a funny) their reputation on these. Not to mention crushing a bunch of souls along the way. Wait 5 months for a questionable product. My guess is that they don’t care much and figure we’ll forget about the mess and roll out a glossy new special. Quality be danged. Imagine how many different ways they can mess up a proof 🙃

alefzero · November 9, 2021 8:55AM

@thebigeng said:
Maybe the 2022 mintages will be higher making the 2021 "keys"

"... tremendous amount of interest ..." does suggest that they would likely increase the mintages and the varieties of associated products.

jerseyralph · November 9, 2021 8:58AM

This is purely RUMOR but I saw this posted through Reddit:

r/coins
•
Posted byu/Smokescreen69
5 days ago
Just did a survey for US Mint, found out they are planning to do a 2022 uncirculated, reverse proof and proof Morgan dollar. Thoughts?

JBK · November 9, 2021 9:32AM

They are going to the well too many times, as they tend to do.

I predict that mintages will drift lower over the next few years until the 2021 issues won't be the low mintage coins.

Type2 · November 9, 2021 11:00AM

Like most coins released low mintage in the beginning then hi in the end. I think the proof and rev proof will look nice but there will be a boat load, The New Key’s 2021 peace and Morgan’s like I said before a gift that has not been recognized yet from the mint. But that’s just me dumb Type2 thinking.

mlittle · November 9, 2021 11:01AM

How do you get the Mint's Christmas catalog?

CoinHoarder · November 9, 2021 11:29AM

These will be extremely common and available coins. I sold my 2 Morgans and 1 Peace at a small profit. I have no interest in collecting this series. I will stick to collecting the vintage Morgan and Peace dollars.

MetroD · November 9, 2021 12:07PM

@mlittle said:
How do you get the Mint's Christmas catalog?

It has been a while since I did it, but I think that this is the current process.

Note - If you add your name to the list now, I do not know if you will receive the '2021 Holiday Gift Guide'.

SPalladino · November 9, 2021 12:13PM

If they are setting this up for 2022 "and beyond", they should consider an enrollment program for at least the basic offerings in this product category.

jmlanzaf · November 9, 2021 12:18PM

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

jmlanzaf · November 9, 2021 12:19PM

@mlittle said:
How do you get the Mint's Christmas catalog?

Buy from the Mint. They'll send you one.

Jzyskowski1 · November 9, 2021 1:41PM

Wrong thread sorry 🙃

coinandcurrency242 · November 9, 2021 1:47PM

@Rampage said:
I am a little disappointed in the decision to continue the two products. I liked them better as the centennial tribute.

I think this will hurt the value long term.

fathom · November 9, 2021 2:05PM

@jmlanzaf said:

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

I'm pretty sure they separate the seigniorage from the coin programs. They must to evaluate profitability of new product. Much of the product has been net losses. Morgan/Peace is a winner....so far.

bolivarshagnasty · November 9, 2021 3:30PM

Will they bear the 2022 date or continue to celebrate the 2021 centennial with different finishes?

jmlanzaf · November 9, 2021 4:05PM

@fathom said:

@jmlanzaf said:

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

I'm pretty sure they separate the seigniorage from the coin programs. They must to evaluate profitability of new product. Much of the product has been net losses. Morgan/Peace is a winner....so far.

They do. But when you show a multi- billion dollar profit, how much do you care about the couple million?

SaorAlba · November 9, 2021 4:17PM

My mint catalogue went into the recycle bin

Herb_T · November 9, 2021 4:40PM

Those that had enrollments that covered the Morgan’s, was it your Silver Eagle enrollment that covered the Morgan’s or a separate enrollment?

MsMorrisine · November 9, 2021 5:11PM

There were no enrollments that generated a Morgan/peace order

MsMorrisine · November 9, 2021 5:12PM

@bolivarshagnasty said:
Will they bear the 2022 date or continue to celebrate the 2021 centennial with different finishes?

Law dictates the year on the coin must be either the year minted or issued. They have an exception for coin shortages that harkens back to the mid-60s

HoldTheMayo · November 9, 2021 5:45PM

Coin dealers when they realize they bought too much 1921 Peace Dollar inventory

Steven59 · November 9, 2021 5:48PM

@mlittle said:
How do you get the Mint's Christmas catalog?

Buy something from them -

fathom · November 9, 2021 5:49PM

@jmlanzaf said:

@fathom said:

@jmlanzaf said:

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

I'm pretty sure they separate the seigniorage from the coin programs. They must to evaluate profitability of new product. Much of the product has been net losses. Morgan/Peace is a winner....so far.

They do. But when you show a multi- billion dollar profit, how much do you care about the couple million?

I don't know how they amortize development or what the actual costs related are, but if you take the retail price minus the planchet cost what do you get? I think in the 60-70M 1st year. so not great but.....success!

anablep · November 9, 2021 5:55PM

I'm happy to hear this and expected it. For those who are unhappy about it, that's your prerogative; you're under no obligation to participate in the Morgan/Peace dollar program.

cagcrisp · November 9, 2021 6:07PM

@fathom said:

@jmlanzaf said:

@fathom said:

@jmlanzaf said:

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

I'm pretty sure they separate the seigniorage from the coin programs. They must to evaluate profitability of new product. Much of the product has been net losses. Morgan/Peace is a winner....so far.

They do. But when you show a multi- billion dollar profit, how much do you care about the couple million?

I don't know how they amortize development or what the actual costs related are, but if you take the retail price minus the planchet cost what do you get? I think in the 60-70M 1st year. so not great but.....success!

You are WAY overestimating the profit for the Morgan’s and Peace if you think anywhere in the $60-$70 Million range…

Herb_T · November 9, 2021 6:12PM

@MsMorrisine said:
There were no enrollments that generated a Morgan/peace order

How did people get so many then?

MsMorrisine · November 9, 2021 6:15PM

The CC & O had a HHL of 10 which was later lowered to 3 for the iother releases.

At noon on the next day they removed the HHLs. Thus an op for the morning crowd

What is known as the Friends and family network

cagcrisp · November 9, 2021 6:17PM

@Herb_T said:

@MsMorrisine said:
There were no enrollments that generated a Morgan/peace order

How did people get so many then?

ABPP were allocated 10% of each offering…

WAYNEAS · November 9, 2021 6:27PM

To all
I copied the appropriate paragraph of David. J. Ryder's
letter contained in the 2021 Holiday Gift Guide Catalogue.

Wayne

MsMorrisine · November 9, 2021 6:28PM

and beyond.

oh no

jmlanzaf · November 9, 2021 6:55PM

@fathom said:

@jmlanzaf said:

@fathom said:

@jmlanzaf said:

@fathom said:
High profit item. Introductory run sold out quick. Not a tough decision for the marketing dept.

Makes the balance sheet look good to Congress.

Their balance sheet is dominated by bullion sales and seigniorage. Commemorative issues don't move the needle at all.

I'm pretty sure they separate the seigniorage from the coin programs. They must to evaluate profitability of new product. Much of the product has been net losses. Morgan/Peace is a winner....so far.

They do. But when you show a multi- billion dollar profit, how much do you care about the couple million?

I don't know how they amortize development or what the actual costs related are, but if you take the retail price minus the planchet cost what do you get? I think in the 60-70M 1st year. so not great but.....success!

In 2020, the total seigniorage was $549 million. [Actually less than I thought.]
In 2020, the total bullion net income was $46 million.
In 2020, the total net income from numismatic coinage was $12.4 million.

You can get some idea of the cost of production by looking at the silver eagle sales through the Mint. Total "silver product" sales were 794,000 units. The gross costs of those was $45 million which is $57 per coin. That makes the estimate of the cost of the Morgan and Peace dollars at $61 million. Total retail price is $90 million. So, sure, maybe they made a gross profit of about $30 million. It's not nothing. In fact, it's significant by numismatic coin standards as the $12.4 million in 2020 was the most in a decade. But compared to the seigniorage...

That's why the MInt, up until recently, never really cared that their annual sets were huge financial losers. In fact, they LOST $11.7 million on them in 2020.

jmlanzaf · November 9, 2021 7:01PM

@cagcrisp said:

@Herb_T said:

@MsMorrisine said:
There were no enrollments that generated a Morgan/peace order

How did people get so many then?

ABPP were allocated 10% of each offering…

That's only like a dozen people

Cranium_Basher73 · November 9, 2021 7:30PM

I wonder if they'll go nuts with the mint mark options again. Instead of the O and CC privies, they'll throw in a W alongside the P, D and S.

PipestonePete · November 9, 2021 8:09PM

In a perfect world the Mint would revert back to the good old original circulation finish. Unfortunately, in the real world, some customers would receive stunning specimens and everyone else would return theirs.

2022 Morgan and Peace dollars

Comments

Leave a Comment

Categories