July is a slow month for the United States Mint, with only two confirmed days earmarked for new product launches. However, it’s one of the more exciting months this year for many collectors due to the anticipated release of the 2023-P Uncirculated Morgan and Peace Silver Dollars.
Additionally, there is the smaller U.S. Navy 1-Ounce Silver Medal to look forward to.
July 13: 2023-P Uncirculated Morgan & Peace Silver Dollars
If you’re a coin collector and spend a lot of time online, it’s hard to miss the U.S. Mint’s promotions of the upcoming Morgan and Peace dollar products.
On July 13, the two Philadelphia Mint-struck uncirculated dollars will be officially launched, priced at $76 each and limited to 275,000 pieces apiece.
Moreover, as an additional mention, the Mint will unveil two companion proof dollars on Aug. 9, followed by a distinctive two-coin set in reverse proof finish later this fall.
The U.S. Mint is currently accepting subscriptions for the five products, although their availability has fluctuated from day to day. (As of this writing, subscriptions are available for all five.) Mint subscriptions operate similarly to magazine subscriptions, ensuring that subscribers receive the products as soon as they become available.
July 17: U.S. Navy 1-Ounce Silver Medal
On July 17, the Mint will commence the sale of the 1-ounce U.S. Navy Silver Medal, priced at $75. This silver medal, made of 99.9% fine silver, showcases designs that celebrate the Navy. These very designs initially appeared on a larger 2.5-ounce silver version that debuted last year and sold out.
It marks the latest product from their Armed Forces Silver Medal Program, which honors all six branches of the U.S. military, namely the Air Force, Army, Coast Guard, Marine Corps, Navy, and Space Force.
BEP Money Products
As a further aside regarding products for collectors that have yet to be released, money products from the Bureau of Engraving and Printing (BEP) will be available at some point. The BEP’s main task is to manufacture Federal Reserve notes for circulation. The bureau also offers paper currency products for collectors, using the U.S. Mint’s commerce platform to sell them.
As previously mentioned, the collectible BEP releases for 2021 and 2022 encountered delays attributed to the COVID-19 pandemic. The new products were initially expected to be available in the spring, as still indicated on currency product pages listed in the Mint’s store. However, spring 2023 has come and gone, and the products have yet to be released.
U.S. Mint: July Product Releases
| U.S. Mint Numismatic Product | Price | Release Date |
| 2023-P Uncirculated Morgan Silver Dollar | $76.00 | July 13 |
| 2023-P Uncirculated Peace Silver Dollar | $76.00 | July 13 |
| U.S. Navy 1-Ounce Silver Medal | $75.00 | July 17 |
New U.S. Mint products become available at noon ET on their release day. The Mint’s latest product schedule is found here.
Interesting find Major D. I assume it does not appear to have a prior proof surface that may have worn off a bit. Would be tough to pass off as silver without the S mint mark.
It’s a common occurrence.literlly just pulled the change out of my pocket and on the 21 crossing the Delaware there is no clad ring
The is or was a company, I want to say try googling Collectors Alliance, that sold plated statehood quarters in sets. I believe they did silver, gold, and platinum plated quarters. Possibly one of those. I bought 3 sets of these at face value, really no extra value to them at all.
Went to update my purchase number and there aren’t any subscriptions showing. I got email from mint. Called and they gave me order number but not able to see it in my account. So 24 to 48 hour wait to see what’s what, but she did conform I reserved July 2022 for them and that I placed 2 orders for each offering. So I guess we will see. Most people hear morgan more. Not many around that recall peace dollars or why they were made. And apparently they are still plentiful as mad mike offers then as a 2 coin… Read more »
1921 PEACE$ are low mintage and not really plentiful,21 Morgan’s were heavily minted. The 2021 Peace jacked up the prices for the High Relief 1921. Good luck on the new ones I stopped w 2021.
Ditto
My mom left me some coins with a color image of Barack Obama on the obverse and clearly plated with some metal (I doubt it’s silver though). I hope she wasn’t taken to have bought them. My view of them is they’re junk (sorry mom, RIP).
The mint is really turning off collectors with to many products and getting to expensive for the ordinary person, the mint doesn’t need that amount of profit.
The U.S. Mint will issue 1,850,000 Morgan & Peace silver dollars in the next 5 months or so, flooding the coin market. Guess what will happen??…
NumisdudeTX
Major D,
Yes, but the ASE $1 coins in all their versions are the most collected & the #1 worldwide investment silver coin sold by the U.S. Mint & has been for decades. Not everyone collects or needs the “modern” Morgan & Peace dollar tribute coins. The key dates of the ASE $1 coins sell raw & in 69 grade for a few thousand dollars each & more when in top 70 grade showing their immense market power. The most expensive of the raw 2021 Morgan & Peace $1 coins you can get for under $300 each.
NumisdudeTX
Major D, I guess so in certain aspects. I respect your analysis on an apples to apples basis. But, neither of us, I suspect are full-time coin dealers with their livelihood on the line every day. But, we also can’t compare an older coin series like the original Morgan silver dollars because they didn’t have the technology to produce coins that would almost all grade 69 or 70 like the ASE $1coins do since 1986 because of higher technology at the Mint – two completely different markets. I have purchase numerous coins directly from the Mint since 1976 & have… Read more »
Major D, And the so-called largest Authorized Purchaser of the U.S. Mint, APMEX has pre-sold the 2023 Unc. Morgan & Peace dollars that his company will buy that they estimate will not grade a top grade for just $99. With an issue price of $76, maybe that major coin market maker knows something about such situations. Of course, anything can happen when a frinzy starts & flippers hype the newest item on the market. I still say you cannot compare the vintage silver dollar market to the 2021 & 2023 silver dollars & the ASE $1 coins of all types… Read more »
Major D, It’s just that I prefer the older, vintage Morgan & Peace dollars (you can get some common dates in MS-63 & MS-64 for about $95 to $119 each). But, I did purchase all of the 2021 versions as I got caught up in the new product. I am an eclectic numismatic collector/investor (90% collector & 10% investor) & collect ancients to modern, USA & foreign, tokens, medals/medallions & paper money. I got started by my military father & coins & stamps he got when in Pakistan for a year in 1962 & in Thailand for a year in… Read more »
Major D, Sounds like you learned the basics very quickly. Most of the big dealers who are collectors themselves have always recommended a 5 to 10 year holding time for coin investments. And, about 5% to 10% of your total investment portfolio in gold bullion if you like that part of the equation. I went through rolls of quarters back in 2019 & 2020 looking for the special “W” Mint marks & the “V75” privy mark ones & was fairly successful. It takes a lot of work, but the unknown of what is in a roll is exciting (I found… Read more »
Kaiser,
My fingers are sore from using my abacus! Lol.
NumisdudeTX
James E Mayes,
The Mint has about 300 products available for purchase on their website now, including some dating back as far as 2014 & gold coins from 2017 & 2018 that have not sold out yet. There is something wrong with that situation for sure.
NumisdudeTX
Kaiser,
Yes, that is the upside to the situation at hand, but how desirable are those “orphan” products that have been sitting unsold for 5 to 9 years in the Mint’s private vendor warehouse in Memphis?
NumisdudeTX
Kaiser,
Yep! Fire up the smelter at the Philadelphia Mint this coming cold Winter.
“Burning Down the House” – Talking Heads (musician & numismatist David Byrne).
NumisdudeTX
Kaiser,
And causing the massive amount of smoke to choke to the residents of Pennsylvania & East Coast! The Mint could give tours to watch the great meltdown of 2023 – “Look at all that pretty, shiny gold melting mommy!”
NumisdudeTX
Major D, The U.S. Mint does pay most of it’s profits into the General Fund of the USA Treasury Department each year. In FY 2022 the Mint paid $534 million into the Fund. The Mint used to have to ask Congress for it’s total funding at the beginning of each Fiscal Year, but that was changed in the 1990s by the creation of a Public Enterprise Fund that gives the Mint some seed money to start the new fiscal year (kind of like a slush fund), but the Mint still has to wait for Congress to approve any other funding… Read more »
Major D,
Lol. I have to wholeheartedly agree with you on that one! The Mint has a pretty good reputation overall, while Congress is often counterproductive at the least & wayward at the most.
NumisdudeTX
Kaiser,.
Somehow I got the picture in my mind of IRS agents confiscating kids piggy banks & breaking them open with hammers to pay their parents income tax arrears.
NumisdudeTX
Related but unrelated story – the other day I pulled out the Peace dollar that my grandfather gave me when I was a kid in the 1960s. The date on the coin is 1923. Granddaddy was 17 when this coin was minted. It was a strange feeling holding a 100-year-old coin with such a personal family connection. I cherish the coin as much today as I did when I first received it. In the mid-1970s I won a chess tournament in junior high. I got a trophy and 25 Eisenhower dollars. A few years ago I gave each of my… Read more »
I was a little leary about changing the Qty – didn’t know if my order would get effed up
I see the Morgan subscription is open again. My feeling is if you like these, get one or two, or how ever many you want, but don’t expect these to skyrocket in value overnight. I decided to lower my subscription to just two of each. I don’t have any plans to sell mine, so getting more would just be throwing good money after bad. Now if the mint wasn’t so ridiculous with their pricing, I wouldn’t mind buying more, as I did with the early versions of the burnished ASE’s, but those coins were only around $20/coin and I’ve seen… Read more »
Talking about new Morgans, Peace and ASE vs old Morgans and Peace vs collectibility you seem to leave out one very important aspect beside mintages and condition…….that being sentiment. Ive basically given up on ASE with the exception of S mint, in favor of the newer Morgan and Peace. I received many of the older coins that started my collection from my grandparents and parents. Always have been designs i associate with their youth and the depression. I see demand for these coins in the future if they continue producing them. For me the ASE was a stop gap filler… Read more »
Not related but in case someone is wanting the 2022 reverse proof palladium. It became available this morning for $2150. https://catalog.usmint.gov/american-eagle-2022-one-ounce-palladium-reverse-proof-coin-22EK.html
Roosters,
It’s just a $944 premium over spot palladium price per ounce this morning… Such a deal!
NumisdudeTX
Premium is over the top.
This price is a grand less than at issue price. If you liked at 3k+ it should look better at 2.15k.
Kaiser: Palladium (Pd) is highly volatile in price swings. EV vehicles have pared demand for this and platinum. Look at the drop in the price of rhodium (Rh). Rh was over $30k and now around $4k. My mining stocks have taken a hit despite gold and silver being more stable. Pd could very well fall back below Pt but more than likely IMO will trend a bit higher than Pt. For the US coin collector that wants to diversify by buying a Pd coin, this is the one and only option in US coinage. Like Seth mentioned above, you are… Read more »
When palladium was at its height, the Mint was asking well over $3000 for the palladium coin…hard to believe how much a rare metal can decrease in value. I love the high relief design on both sides & bought the bullion version in 2017 when it was only offered to the Mint’s APs and mintage was 15,000. I paid too much, but like it & haven’t bought any more.
NumisdudeTX
Highly volatile price swings for sure.
last year palladium was more than $2000 per ounce. Investors are taking a beating on palladium coins
Investors for sure. Collectors not as much.
Has anyone here wondered why the Morgan/Peace Dollars are priced the same as the Uncirculated ASE? With the Unc W ASE you purchase a coin minted with 1 troy oz. of Ag, but with the Uncirculated Morgan/Peace dollars you are buying coins minted with 0.859 troy oz. of Ag. Maybe that’s why the subscription for all these, with the exception of the RP Set, haven’t been filled…yet. If I were buying Ag as an investment vessel, I know which one I’d be buying.
Hello
Tuesday July 11th, just noticed my Enrollments for the uncirculated Morgan & Peace dollars release date has changed to,TBD. Tomorrow they should charge my CC. And for those two still open Enrollments options the dates have changed to 2024. So everything is locked in place now. Your ONLY chance to buy them now is on Thursday the release day or thru MM. (;-)
It is within the 3 day window of the sale date.
My Peace and Morgan dollars are processing under orders. Dated 7/9 and7/10
FYI,
The U.S. Mint will be selling the 2023 Morgan & Peace Unc. silver dollars starting tomorrow at noon Eastern time at the Florida United Numismatists Convention in Orlando. They will have a table at the FUN convention like they did in January for the first time since the COVID pandemic started.
NumisdudeTX