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2021 Peace and Morgan Silver Dollars: Updates and Info
28US Mint Delay: 5/28/21 Update
The US Mint indicated on their social media and in correspondence with customers that the global silver shortage is one reason why the next issues of the 2021 Peace and Morgan Silver Dollars will be delayed. On May 24th, the Carson City and New Orleans mint privy-marked silver dollars were briefly available for preorder. However, the mint updated their listings soon after, stating that these coins will not be shipped until October. The remaining issues (i.e. Denver, San Francisco, Philadelphia, and the Peace Dollar) are postponed for preorder until further notice. Aside from indicating the current high silver demand, the US Mint also cited technical issues with their servers. They claim that this deliberate delay will help the Mint prepare better web traffic management tools to better its shopping experience. Also, the Mint stated, "As the demand for silver remains greater than the supply, the reality is such that not everyone will be able to purchase a coin" on its Facebook. So, be sure to sign up for our newsletters if you are looking for the 2021 Peace and Morgan silver dollars!
The 2021 Peace and Morgan Silver Dollars
The Morgan Silver Dollars and Peace Silver Dollars are two quintessential coins for any silver coin lover. These coins are famous US silver dollars from the late 1800s through 1935. By 2021, two numismatic enthusiasts Thomas Uram—Chairman of the Citizens Coinage Advisory Committee (CCAC)—and CCAC member and numismatic author Michael Moran, finally received approval via the accepted legislation of the 2021 Morgan and Peace Silver Dollars. 2021 marks the centennial of the Peace and Morgan Silver Dollars transition, therefore, these two citizens did not want history to forget the silver dollars. However, these coins are not *technically* commemorative coins because there is a legal limit to annual commemorative coin releases. The current legislation only allows the US to release two specified commemorative coin programs every year, and no more. As of September 22, these coins are effectively legal under the 1921 Silver Dollar Coin Anniversary Act. So, you can expect to see them in our store in June!
The Key Points of the Legislation:
- The Denver, Philadelphia, and San Francisco Mints can strike the Morgan Silver Dollars with mintmarks.
- Some Morgan Dollars will feature a Carson City and New Orleans privy mark to honor the history of these two former facilities.
- The Philadelphia Mint will strike the high-relief Peace Silver Dollars.
- Mintages, finishes, and pricing for these potential coins are currently unknown.
A Closer Look at the 2021 Morgan and Peace Silver Dollars
The House approved the necessary legislation for the centennial anniversary of the silver dollars on September 22. Rep. Andy Barr originally put forth the 1921 Silver Dollar Coin Anniversary Act, officially known as H.R. 6192, on March 11, 2020. The Act reached the Senate on Sept. 23. As of April, we now know there are Silver Morgan issues with privy marks to pay homage to two former minting facilities (Carson City and New Orleans). Although these minting facilities no longer exist, these mintmarks will be available as well. Furthermore, the Denver, Philadelphia, and San Francisco Mints will all strike both the Peace and Morgan dollars. But, the 2021 Peace Silver Dollars is only struck at the Philadelphia Mint with the original high relief. The San Francisco, Philadelphia, and Denver Mints will most likely strike the majority of the 2021 Morgan Silver Dollars. As far as specifications go, the bill promulgates the Morgan and Peace Silver Dollars must be struck with no less than .900 fine silver. In actuality, these coins have a high purity of .999 fine silver and weigh .858 troy oz. Special editions are not officially confirmed yet, but the official reports currently suggest there could be Proof, Uncirculated, and even special edition sets. These sets would include coins of different finishes released from several Mints.
The Line-Up of the 2021 Morgan Silver Dollars
2021 Morgan Silver Dollar Centennial Coin CC Privy 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 175,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- Struck by the US Mint in Philadelphia
- Features a Carson City privy mark honoring the Carson City Mint
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Displays the left-facing portrait of Lady Liberty with the Liberty Cap surrounded by thirteen stars. Two heads of wheat and cotton blossoms decorate her cap, and the word “LIBERTY” can be seen on the brim. Inscriptions: “E PLURIBUS UNUM”, “LIBERTY”, and the year of mintage, “2021”.
- Reverse: Features the 1921 US Seal of a bald eagle carrying a bundle of arrows and an olive branch in its talons. A wreath mostly encircles the central eagle image. Inscriptions: “UNITED STATES OF AMERICA”, “IN GOD WE TRUST”, privy mark, and the denomination, “ONE DOLLAR”.
2021 Morgan Silver Dollar Centennial Coin O Privy 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 175,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- Struck by the US Mint in Philadelphia
- Features a New Orleans privy mark honoring the former New Orleans Mint
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Displays the left-facing portrait of Lady Liberty with the Liberty Cap surrounded by thirteen stars. Two heads of wheat and cotton blossoms decorate her cap, and the word “LIBERTY” can be seen on the brim. Inscriptions: “E PLURIBUS UNUM”, “LIBERTY”, and the year of mintage, “2021”.
- Reverse: Features the 1921 US Seal of a bald eagle carrying a bundle of arrows and an olive branch in its talons. A wreath mostly encircles the central eagle image. Inscriptions: “UNITED STATES OF AMERICA”, “IN GOD WE TRUST”, privy mark, and the denomination, “ONE DOLLAR”.
2021-D Morgan Silver Dollar Centennial Coin 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 175,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- Struck by the US Mint in Denver, featuring the Denver mintmark
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Displays the left-facing portrait of Lady Liberty with the Liberty Cap surrounded by thirteen stars. Two heads of wheat and cotton blossoms decorate her cap, and the word “LIBERTY” can be seen on the brim. Inscriptions: “E PLURIBUS UNUM”, “LIBERTY”, and the year of mintage, “2021”.
- Reverse: Features the 1921 US Seal of a bald eagle carrying a bundle of arrows and an olive branch in its talons. A wreath mostly encircles the central eagle image. Inscriptions: “UNITED STATES OF AMERICA”, “IN GOD WE TRUST”, mintmark, and the denomination, “ONE DOLLAR”.
2021-S Morgan Silver Dollar Centennial Coin 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 175,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- Struck by the US Mint in San Francisco, featuring the San Francisco mintmark
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Displays the left-facing portrait of Lady Liberty with the Liberty Cap surrounded by thirteen stars. Two heads of wheat and cotton blossoms decorate her cap, and the word “LIBERTY” can be seen on the brim. Inscriptions: “E PLURIBUS UNUM”, “LIBERTY”, and the year of mintage, “2021”.
- Reverse: Features the 1921 US Seal of a bald eagle carrying a bundle of arrows and an olive branch in its talons. A wreath mostly encircles the central eagle image. Inscriptions: “UNITED STATES OF AMERICA”, “IN GOD WE TRUST”, mintmark, and the denomination, “ONE DOLLAR”.
2021 Morgan Silver Dollar Centennial Coin 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 175,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- Struck by the US Mint in Philadelphia without a mintmark
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Displays the left-facing portrait of Lady Liberty with the Liberty Cap surrounded by thirteen stars. Two heads of wheat and cotton blossoms decorate her cap, and the word “LIBERTY” can be seen on the brim. Inscriptions: “E PLURIBUS UNUM”, “LIBERTY”, and the year of mintage, “2021”.
- Reverse: Features the 1921 US Seal of a bald eagle carrying a bundle of arrows and an olive branch in its talons. A wreath mostly encircles the central eagle image. Inscriptions: “UNITED STATES OF AMERICA”, “IN GOD WE TRUST”, and the denomination “ONE DOLLAR”.
2021 Peace Silver Dollar High Relief Centennial Coin 1921 100th Anniversary
- Honors the centennial of the transition from the Morgan to the Peace Silver Dollars
- Product limit of 200,000
- Made with .999 fine silver and weighs .858 troy oz
- Uncirculated condition
- High Relief
- Struck by the US Mint in Philadelphia, without a mintmark
- Face value of $1 USD backed by the US government
- Individual coin arrives in a mint-issued box with the Certificate of Authenticity
- Obverse: Spotlights the left side of Lady Liberty’s face with a radiating crown and flowy hair. Inscriptions: “LIBERTY”, “IN GOD WE TRUST”, and the year of mintage, “2021”.
- Reverse: Features the American bald eagle standing atop a rock with an olive branch in its talons. It watches the sunrise over the water. Inscriptions: “UNITED STATES OF AMERICA”, “E PLURIBUS UNUM”, “ONE DOLLAR”, and “PEACE”.
What are the Peace and Morgan Silver Dollars?
Coin collectors widely appreciate and collect the Morgan Silver Dollars and Peace Silver Dollars for their designs and high silver content. About .900 fine silver and .100 copper make up these coins. The history that both these US silver dollars carry documents the US’s economic past and important global history. With the pending release of the 2021 Peace Silver Dollars and 2021 Morgan Silver Dollars, you might see these coins among the top sellers for the year.
The Morgan Silver Dollar
US Mint Assistant Engraver George T. Morgan was the man to design the first silver dollar of the two, the Morgan Silver Dollar. The Morgan Silver Dollar spotlights Lady Liberty on its front and the US Seal on the back. Back in its time, four US Mints struck the Morgan Silver dollar from 1878 until 1904. Later, three mints struck these again in 1921 after WWI. The discovery of the Comstock Lode in 1859 closely ties the Morgan Silver Dollar to the US's westward expansion because this offered the US market a larger, groundbreaking silver pool. The Morgan Silver Dollar became the first standard silver dollar struck since the Coinage Act of 1873. This act effectively ushered the US towards the gold standard, which ceased private silver coining. Therefore, this gave the US the ability to prevent silver’s inflation. Because this act permitted very specific silver dollars, this act deemed the Morgan Silver Dollar acceptable. The Morgan Dollar was minted from 1878-1904 & 1921 from the Philadelphia, San Francisco, Denver, New Orleans, and Carson City Mints. 
1878-1921 Morgan Silver Dollar
The history this coin carries does not merely end with the Comstock Lode. Actually, by 1918, the Pittman Act came into play. This other act mandated the melting of approximately 270 million Morgan Silver Dollars to help Great Britain’s economy during WWI. German propaganda released in India tested and harmed the British economy. This propaganda falsely swindled many Indian citizens into believing they could not redeem silver with British banknotes. As a result, citizens ran for silver and Britain could not meet the demand for silver. So, the Pittman Act allowed the US to melt down the Morgan Silver Dollars to sell to the UK for $1 per troy ounce. As a result, over 270,000,000 Morgan Silver Dollars are forever lost. This was actually about half of the total mintage for these coins. Years later, the US found many more silver dollars in the Treasure vaults; however, not many of these coins ever left the Treasury. As a result, today’s prices for collecting uncirculated Morgan Silver Dollars vary depending on condition, mintmark, and the coin’s grade. The 2021 Morgan Silver Dollar will have different editions commemorating the mints that struck the coins and privy marks for those that no longer exist.
The 1921 Peace Silver Dollar
Thanks to another provision of the Pittman Act, the Peace Silver Dollar came to fruition. The US needed to replace the lost coins after the war. However, there was no approved design when the time came for the new coin. As a result, the Morgan Silver Dollars briefly resurfaced in 1921 but were replaced by the end of the year by the Peace Silver Dollars. A competition helped the US decide on the new design for the obverse and reverse of the new silver dollar. Anthony de Francisci entered the competition, and his Peace Silver Dollar design won. His wife, Teresa Cafarelli de Francisci modeled as his Lady Liberty. This romantic story is the result of her childhood attachment to Lady Liberty. The statue in NYC was the first piece of the US she laid eyes upon when her family immigrated over. So, she posed for him in the way she viewed the statue as she entered the US for the first time at the age of five. The new design was not implemented until the end of the year because of a design discrepancy. The Peace Dollars were made from 1921-1935, produced by the Philadelphia, Denver, and San Francisco Mints. 
1922-1935 Peace Silver Dollar BU (Random Year)
Why Was Production of the 1921 Peace Silver Dollars Delayed?
The reverse of the Peace Silver Dollar actually sparked some controversy. The accepted reverse we know today bears a bald eagle clutching an olive branch in its talons. It sits atop a rock as the sun rises. The original illustration, however, features the eagle with a broken sword. Because this coin was meant to celebrate the victory of the Allies of WWI, the broken sword seemed inappropriate as it is often a mark of defeat. So, the US Mint had to postpone production of the Peace Silver Dollars until the end of the year. This gave them time to fix the dies—by hand—used to strike the coins. The Peace Silver Dollar is the only classic circulating US silver coin struck with high relief. Therefore, the 2021 Peace Silver Dollar will feature the same high relief, as the first coin. But, back then, this level of relief led to production issues. Because of the high pressure necessary to achieve the high relief, the dies often broke. So, the December 1921 Peace Silver Dollar has a relatively small mintage of just over one million. When comparing it to the silver Morgan dollars, this Peace Silver Dollar is extremely rare. The US Mint decided to lower the relief of the coins, which is why the mintage of the Peace Silver Dollars ballooned in 1922 with over 50 million coins. This was the most for this coin in its history.
Related reading you may find interesting:
1921 Morgan vs. Peace Silver Dollar Guide: Key Differences
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