The United States Mint recently updated prices for its suite of products featuring 2023 Morgan and Peace Silver Dollars. Today, March 16, the U.S. Mint announced increases in their household order limits.
The bureau also stated that just 10% of the dollar products are reserved for sale at launch, placing priority on customers who order them early through subscriptions.
Original household order limits were 3 for each product. The new limits are 25 apiece for the individual dollars and 5 for the reverse proof set.
2023 Morgan and Peace Dollar Products
| Product | Mint / Mint Mark | Mintage | Household Order Limit | Price |
| 2023-P Uncirculated Morgan Silver Dollar | Philadelphia – No Mint Mark | 275,000 | 25 | $76.00 |
| 2023-P Uncirculated Peace Silver Dollar | Philadelphia – No Mint Mark | 275,000 | 25 | $76.00 |
| 2023-S Proof Morgan Silver Dollar | San Francisco – S | 400,000 | 25 | $80.00 |
| 2023-S Proof Peace Silver Dollar | San Francisco – S | 400,000 | 25 | $80.00 |
| 2023-S Morgan and Peace Silver Dollar Reverse Proof Set | San Francisco – S | 250,000 | 5 | $185.00 |
U.S. Mint customers can take advantage of the changes by either subscribing to or updating existing subscriptions to each product. Mint subscriptions work much like a magazine subscription. Those subscribed to products receive them when they become available.
U.S. Mint Reserves 10% for Sale at Launch
General times of "summer" and "fall" are currently listed for the products’ launch dates.
A product’s household order limit is removed after the first 24 hours of its sale, if any still remain. For the Morgan and Peace dollars and set, subscriptions are expected to claim most of them before they are actually released.
U.S. Mint Announcement
The main portion of the Mint’s announcement follows:
"The Mint is pleased to announce an increase in household order limits for all Morgan and Peace products.
When we relaunched the Morgan and Peace Silver Dollars in 2021, they were greeted with tremendous enthusiasm and sold quickly. We regret that many were unable to obtain the coins they sought.
Subscriptions for these limited edition 2023 products opened in August 2022, and the response has been excellent. Thanks to our initial low household order limit of 3 coins each, we are confident that our customers have had the opportunity to subscribe and reserve the coins they desire for their collection. Now, while supplies last, customers have the opportunity to secure additional examples of these iconic coins.
Please note, due to high demand and limited quantities the Mint will cancel any orders that exceed the new household order limit. For those who prefer not to subscribe, we have reserved a limited quantity of 10% of each product for sale at launch.
We thank you for your loyalty and patience as we continue to improve our system and provide the best possible subscription experience."
The U.S. Mint’s subscription product page for Morgan and Peace Silver Dollars is located here.
There must not be, much demand.
I do not need 25 of any but probable a couple more of the 2 coin sets.
Kaiser, you say: “I can’t imagine anyone needing 25 of anything from the Mint” Any chance you could imagine a need for, say 25 V75 PR AGE’s? Still dumbfounded, my brother wouldn’t even try to buy 1 on drop day. I told him I’d pay him an immediate $1,000, with more to come after grading and selling. Now they go for roughly $10,000-$15,00+ a pop! Otherwise, agreed.
I wanted just 1. Sadly, I got skunked on that gem.
Me too Craig! Scoring one of those V75 AGE’s, was like hitting a mini Lottery for those lucky enough to hook one up. Over on MNB we’ve speculated for years on how many Mr Ryder was allotted???
I lucked out and got a silver V75 Craig & Caliskier. It was a frustrating and painstaking online process w/low minting of 75K. I can’t even image what the online experience was for the much lower mintage gold coin.
November 5, 2020, a day in infamy, Chris & Craig! That was a crazy day! Like many, I spent the first 5-10 minutes trying to score one of the Gold V75 Eagles before, giving up/in, in order to focus on the v75 ASE. I was lucky enough to score a silver V75 ASE as well. Now the sad part, with all the BS the Mint has pulled, I’ve made only 3 additional purchases, none in the past 2 years. One of those ended up being my one and only purchase for a “flip”. I flipped a 2-coin RP ASE Designer… Read more »
Yeah, it was crazy that day Caliskier. I was so pleased I secured the silver V75 but missed out on the Morgan CC when Mint took it out of my cart while inputting my credit card details. Mind you, tried inputting payment details probably 30 times and fighting being kicked off site and also being informed I was “unauthorized to purchase” or whatever Mint’s server was spewing back to me. Was able to get the Morgan O coin though.
Ticketmaster, Amazon, eBay, etc. can handle high volume web traffic – US Gubmint?
My thought exactly.
Is anyone else also getting the feeling that the mint struck the full maximum mintage last year but is now disappointed that advanced sales aren’t higher?
Yeah that thought crossed my mind.They pressed a bunch of the 2023 W Proof ASE’s in Oct. 2022 which Mr. Sold Out Limited Edition Mezach is hustling for $250. I am amazed that these modern Morgan/Peace Dollars haven’t generated more enthusiasm than it has. After all, the Morgans and Peace Dollars are probably the most collected series in US coinage. I’d say the likelihood of acquiring a complete date/mint mark collection of those is very remote these days, but the modern issues should be well in the reach of most collectors.I have several nice Morgans/Peace Dollars (not enough and certainly… Read more »
I was being sarcastic Kaiser. In the real world, where most of us live, if our business couldn’t sell something, we would likely discount the item. I understand the Bulk Purchaser’s are more important to the Mint than we are, but that’s partly because people had plenty of “disposable income” to spend on their offerings. Now with interest rates soaring, the banks in trouble (we don’t need people running banks that know anything about economics, right?), and more layoffs looming with continued high inflation, is the consensus here that folks will spend more on collectable coins? I didn’t mention the… Read more »
I think you are correct. Too bad…If they had not already produced them they would have stopped production or better yet they could have changed the dies and stamped them with 2022 dates. They would have sold those like hotcakes. lol
Good point, 2022 was the year of continuing magic. There is something strange about picking up again in 2023.
Obviously the Mints relationship with customers is based on the P.T. Barnum model and there is a serious shortage of suckers.
You need to up-date that meme..his hair is grey now and he wears prescription eye glasses. The “Red Oak!”… that never changes!
Sir Kaiser, I think the quantities are not limited enough and the demand was not high enough. Compared to the 2021 releases, the 2023 releases’ mintage and product limits were set too high in relation to the demand seen thus far. For example, here are the comparisons for the 2023 Morgan and Peace Dollars versus the 2021 Morgan and Peace Dollars: 2021 Peace Uncirculated product limit = 200,000 2023 Peace Uncirculated mintage limit = 275,000 2023 Peace Proof mintage limit = 400,000 2021 Morgan Uncirculated product limit = 175,000 2023 Morgan Uncirculated mintage limit = 275,000 2023 Morgan Proof mintage… Read more »
LOL Kaiser Wilhelm, surely you jest! Haha Really? The Mint says: “Thanks to our initial low household order limit of 3 coins each, we are confident that our customers have had the opportunity to subscribe and reserve the coins they desire for their collection. Now, while supplies last, customers have the opportunity to secure additional examples of these iconic coins. “ Should perhaps read more similar to: Hello, do to underwhelming demand, too high of a mintage and numerous subscription reductions, decreases and holds placed by existing US Mint account holders, in response to our unannounced raising of prices, a wonderful… Read more »
That’s why I started with LOl Kaiser. It’s more of their same, you are correct that I seconded your statements and that was my attempt, apparently at “sorry ask”sarcasm”. This due to the constant and seemingly never ending mysteries that emit regularly from the Mint. Very much like Ventris Gibson, comments contradicting the Mints own Annual Report, in the report re 2022 ASE sales. They seem to have problems with words and numbers as well as typical accepted meaning, when you combine or take/consider as a whole??? SMH Again, my sorrycasm isn’t as apparent as I’d hoped, which makes it… Read more »
Now that is funny Kaiser Wilhelm! Really, really funny, if I understand correctly! LOL Thank you for helping to increase my vocabulary, as I was unfamiliar with this other word for sarcasm. Your witty banter, wry sense of humor, is greatly appreciated!
The problem is that these mintage limits are very high. They will never be rare coins & only worth it if you can get a top 70 grade at PCGS or NGC.
You can buy original Morgan & Peace silver dollars, common dates, graded 63 & maybe 64 for these prices!
NumisdudeTX
so see, you can now order 25, keep the few that look like they might be 70 and return the rest, such a deal!
That seems to be the game plan for sure…it’s like gambling in Vegas. Give me some 70s Lady Luck! Lol.
NumisdudeTX
Tom and Seth, Do you guys get all your coins graded? I keep mine in their OGP because if I get them graded then I don’t get the tingle from opening those presentation grade boxes they come in.
never got one graded myself. wouldn’t spend the $ on it. possibly I will get the one innovation dollar I have which only has lettering on part of the coin, only because it is not like the Washington dollars that simply didn’t get run through the process. I’m more curious to see what explanation would be attached to the silly thing. But that will wait until maybe I can talk to someone at a coin show.
What if you buy them up till you have every last one you can talk people out of and accidentally melt them down into grills for rappers thus you are cutting the production amount and making a buck and maybe a little profit off your limited edition rapper grills lol
For “schizzle” Craig! Can you imaging the “blinging” dazzle if able to get Peace Liberty’s, spiked headdress lined up just right? Give it that wicked looking “Jaws” affect in Moonraker, when you smile! LOL Also, you could heat and “hammer” out a few into “jigging” spoons for limited edition, fishing lures! Drill a couple holes after hammering, add a split ring, then split ring and treble hook and “Voila”! A “Peaceful” or “Moregame, Morgan” fishing lure! Bam, kick it up a notch! LOL
There indeed should have been some numbers adjusted, however I honestly believe the US Mint adjusted the wrong numbers, because they see only $$$’s signs and basically prisoner ID numbers, AKA accounts, not people or customers? I wrote on MNB back in December my thoughts on numbers. “400,000 proof proof Peace dollars in 2023 is at least 125,000 too many. The US Mint is absolutely blowing it and I can’t help but wonder about their marketing as well as forecast teams??? To me, what is really crazy, is they have done “borderline” nothing to improve upon their, close to, 7… Read more »
Hopefully my sense of reality isn’t too harsh?
Yeah I. know Kaiser. With that being said, no doubt I often can struggle to give pause or put perhaps a gentler twist on things? A fine line I’m still developing, as I do have a tendency still, to revert back to calling it like I see it! Kind of like this or these, smoke and mirrors, “Ponzi” type shenanigans going on with our banking system and government. I’ve tried to not go there, however some pretty interesting ramblings are sure to follow?
Anyone else still waiting for their subscription 2023-W ASEs to be shipped?
My subscription (of 1) was delivered on March 6th. Seems like there is a problem. I would think you should have gotten yours by now. If you haven’t contacted them yet about it, I would.
Re-post of answer Jeff and Kaiser, I gave to AJ earlier on MNB, and for any one else who may be curious or not have heard about this latest Mint issue. “A. JohnsoN, I posted yesterday(MNB) about an e-mail some customers received stating the US Mint was having “technical difficulties” processing payments and expected a delay until March 30th before resuming shipping of the March 2 releases of the W Proof ASE’s.”
Kaiser, I don’t want to get “political” but lying seems to be a requirement these days if you want to be employed in our beloved government. It is both sad and concerning.
Sorry to be overly cynical Craig and Kaiser, however I wonder if those interested in interviewing have to study up for and be ready for this question? “Do you swear to tell, no truth, none of the truth, speak nothing but nonsense, tip no “cards”, nor give away clues(unless it’s good stock info, wink wink), once hired? PERFECT, you start tomorrow!” Just too many damned “Hands in the Cookie Jar”!
Kaiser, maybe I’ll pick up more Peace Dollars as I like those coins.
Yeah, may be a little too many being pressed. Mint maybe still trying to ride the SARS-CoV-2 mania when everyone was home and bored. Now, still maybe not at office but traveling and spending their extra money being tourists?
Well if your bank has a run Kaiser you can ask the FDIC to recoup any of your losses with the Mint’s new Peace and Morgan silver dollars – looks like there are some extras to possibly throw around this year 😉
My take. The mint saying demand was so great with the 2021 coins there WILL be a demand for the 2023 coins….lets raise the household limit (now that they cost more than the 2021s). So now we have new coins that cost more than their 2021 counterparts and the w coins will have higher mintages. The price of silver is not really a factor (oh wait, last year the mint stated they had a problem getting silver blanks, hence no 2022 coins. Complete assinine mint logic and doublespeak. Their logic is just a way of saying ” look, more available…..give… Read more »
How many are set aside for the Authorized Bulk Purchase Program dealers?
I hear the sound of the value of the coins I ordered going down the toilet.
At least 10% Michael C, per guidelines for the AP/ABPP. Authorized Bulk Purchase Program states: “Not all Mint products will be offered through this program, and no more than 10% of products with limited quantities will be distributed under this program.”
Interesting note however as I also stumbled onto a different named program, they call or called, “Numismatic Bulk Purchase Program”. I’m not sure if these are 1 in the same? I think the that will be ABPP program supplanted the NBPP?
Link to ABPP on US Mint website:
https://www.usmint.gov/news/press-releases/united-states-mint-announces-new-authorized-bulk-purchase-program
I suspect none of the bureaucrats at the Mint has a clue about economics and marketing. In a poor economy with high inflation they thought it was a good idea to raise prices and increase production. Now they hope they will sell more by raising household limits without lowering prices. If they really want to move their product glut they will have to offer a volume discount to the 25 unit buyers. 25 @ $72 each for example. This lack of economic understanding is also common with politicians who think they can double revenue by doubling taxes without realizing that… Read more »
I think even the flippers and scammers might be hesitant about trying to move this apparent surplus. After all they will have to compete with the Chinese counterfeiters selling their version for $9.99 on Facebook. lol
It is not just corporations that plan investments around tax rates. I’ve been known to “Harvest Loses” to avoid Capital Gain taxes on profitable trades. The real revenue losses are from the small businesses that can’t survive or never get started.
That just gave me a thought. If the government ever implements E. Warren’s tax on unrealized capital gains I’ll just declare my collection to be Chinese counterfeits. lol
If you declare your collection to be Chinese counterfeits, then your collection can be seized by the US Secret Service with no compensation to you (Chapter 25, Title 18, United States Code).
Those who buy that coinage from China have a rude awakening in the future when they find out they might have a silver coating and I use might very loosely lol I wouldn’t wish any collector to be fooled by their junk unfortunately some people don’t research their purchases like they should before buying
The Inflation Reduction Act is supposed to reduce inflation (Deflation Act), guess Gubmint not following it this year Roger? 😮 😉
To paraphrase Inigo Montoya “I don’t think “tremendous enthusiasm” means what the Mint thinks it means.”
Right! Gubmint marketing.
Mint needs to hire Mezack for its marketing 😉
Ha ha ha Major D 🙂 😉
We all know the Deflation Act has nothing to do w/inflation. Christmas tree legislation for environmental lobby and many others that have nothing to do w/inflation, deflation or lowering prices to help the economy 🙁
🙁
Maybe everyone bought out the fiji reverse proof mad mike had on hsn and since that’s the coin the mint should have made, they’ve scratched their itch and see no point buying these subpar over produced coins. Plus the fiji ones come with a genuine red oak box, now made with real pine.
In Magic Mike We Trust 😉
Hey D&C, he minted 100th anniversary Morgan & Peace coins when US Mint couldn’t find the silver for their pressings. That man is amazing! 😮 😉
I hope they are using Red Pine at least and not the White, Yellow, or Black Pine’s for those genuine Red Oak boxes!
Is anyone having difficulty accessing their subscriptions at the Mint’s website?
I click “Manage Subscriptions” and it doesn’t have anything listed
Same with mine and my order history is once again not showing recent purchases.
and other things aren’t working. I tried checking data-available and nothing happens. Maybe now that the order limit has been lifted so many people are ordering 25 that the system crashed. 🙂
My subscriptions were gone from the website this morning at 6AM or so (Friday March 17, 2023). They showed up again when I checked at 11:49 AM Friday. The FaceBook page for US Mint says they had noticed a problem changing orders and seeing “my subscriptions” web page on Thursday, and they thought it was fixed in a couple of hours on Thursday, but lots of people like myself with subscriptions could not see them on website so it was not fixed for us. The US Mint rep on that FB page said the Thursday “fix” did not correctly handle… Read more »
I can”t seem to find the data available for these coins on the mint website.I tried the method mentioned on this chat. Any ideas ?
I can’t find the term for any coins, it is as though they scrubbed the site of that field. Maybe they didn’t like us watching…
Oh well, another silly conspiracy down to tubes! In the Mint’s page source for a coin, what used to be labeled “Data-available” is now called “availableCount”
Many thanks, Kia99, for providing this new information on “data-available” being replaced by “availableCount” for determining the number of coins available for sale for a Mint product. I just tried it out and it works (e.g., “availableCount”: 9,489 for the 2023 Congratulations Set at 2:15 ET today March 17th)!
You are welcome Rich and Kaiser. I marvel though Rich that when you repeated my explanation of the situation, your words were strikingly clearer than mine. Probably a reflection of my tangled neurons.
Hear, hear, I second that Kaiser!
you can abbreviate it a little, availablec will work
Why has the value of Morgan silver dollars plummeted.
And now, with the new limit, the dollars are selling like hot cakes (and not Lisa Douglas hotcakes)
over 1000 of the 2 coin set in one day.
I have done this many times with subscriptions. As with these Morgans and Peace subscriptions will be adjusted as the sale date approaches.
Maybe selling out by next week? 2-coin is at 29,455 remaining. So if 10% held for day of release, then we have 4,455 remaining for subscription.
Not sure but the limits may be adjusted down. Tried ordering more but the screen defaults back to household limit reached. I am not at 25 even though screen still shows a limit of 25. Anyone know what’s up?
Never had this happen before but you may be on to something. Thank!
And so it begins. The Morgan uncirculated is at ‘Remind Me’ status.
The Peace uncirculated is now also at the ‘Remind Me’ status.
Two observations. First, the demand simply isn’t there. By raising the household ordering limit, the Mint is signaling that the pre-order “subscriptions” aren’t going well. And why would they? The maximum mintage limits on these coins is far too many. The result will be nothing more than a bullion coin with limited numismatic upside. Secondly, these coins, albeit beautifully designed, lack the “mint luster” associated with traditional Morgan and Peace dollars because the composition is 99% silver. Because of this, they more resemble polished medals. What they should have done is return the coins to their original silver composition.
Hi, everyone new here on the forum. I have a question that I can not seem to find the exact answer on…I did use the subscription this time so, I could secure a (hopefully just a few of each) of the 2023’s. However even after calling the mint and speaking to a Rep. I am still unsure of answer to my question. When you hit the subscription and basically “pre order,” it states in the description, 1 set shipped per year per subscription. I was able too add more in the cart section i.e. 3 (under the subscription…so my question… Read more »