Featuring classic designs cherished by collectors for over a century, the United States Mint today releases the 2024-P Uncirculated Morgan and Peace Silver Dollars. These modern, .999 fine silver renditions of the coins go on sale at noon ET for $91 each.
Morgan silver dollars date back to 1878, produced until 1904, and then again in 1921. They feature designs by U.S. Mint Chief Engraver George T. Morgan, from whom they take their name. Peace silver dollars replaced the Morgan silver dollars in 1921, featuring designs by Anthony De Francisci, and were minted through 1935, excluding the years 1929, 1930, 1931, 1932, and 1933.
These classic coins were reintroduced by Public Law 116-286, the 1921 Silver Dollar Coin Anniversary Act. The law required the U.S. Mint to produce and sell the coins to commemorate the "100th anniversary of the completion of the coinage of the Morgan Dollar and the 100th anniversary of the commencement of the coinage of the Peace Dollar.'”
To achieve this, five different Morgan dollars were issued in 2021, along with one Peace Dollar. The Morgans included coins with a ‘CC’ privy mark representing the former Carson City Mint, an ‘O’ privy mark for the former New Orleans Mint, and no privy mark—all three struck at the Philadelphia Mint. Additionally, an ‘S’ mintmark coin was minted in San Francisco, and a ‘D’ mintmark coin was produced in Denver. The single 2021 Peace dollar was also struck in Philadelphia and bore no mintmark. All six coins were released with an uncirculated finish.
The series took a break in 2022, with the U.S. Mint citing a shortage of silver blanks as the reason for the pause. They reappeared last year with five new products: uncirculated Morgan and Peace dollars from the Philadelphia Mint, proof Morgans and Peace dollars from the San Francisco Mint, and a two-coin set featuring Morgan and Peace dollars in a reverse proof finish from the San Francisco Mint.
Morgan and Peace Dollar Designs
With their re-introduction in 2021, the U.S. Mint utilized its historical artifacts along with modern-day technology to enhance the designs for the Morgan and Peace Dollars.
As mentioned, U.S. Mint Chief Engraver George T. Morgan (1845-1925) originally created the designs for the dollars that now bear his name. The obverse (heads side) features a profile of Liberty, adorned with a cap, flora, and a crown incused with the word “LIBERTY.” Thirteen stars complete the obverse design, along with the inscriptions "E PLURIBUS UNUM" and "2024."
The reverse side (tails) of the Morgan dollar depicts an eagle with outstretched wings, clutching arrows and an olive branch, with a large wreath circling most of the design. The reverse inscriptions read "UNITED STATES OF AMERICA," "IN GOD WE TRUST," and "ONE DOLLAR."
Renowned Italian-American sculptor Anthony de Francisci (1887-1964) designed the image found on the Peace dollar. The obverse features a profile of Liberty wearing a radiant crown. Inscriptions on today’s coin read "LIBERTY," "IN GOD WE TRUST," and "2024."
An eagle at rest is shown on the reverse of the Peace dollar, holding an olive branch above the inscription "PEACE." Additional inscriptions include "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "ONE DOLLAR."
Morgan and Peace Silver Dollar Specifications
| Denomination: | $1 |
|---|---|
| Finish: | Uncirculated |
| Composition: | 99.9% silver |
| Silver Weight: | 0.859 troy oz. |
| Diameter: | 1.500 inches (38.10 mm) |
| Edge: | Reeded |
| Mint and Mint Mark: | Philadelphia – No Mint Mark |
| Privy Mark: | None |
Ordering and Limits
2024-P Uncirculated Morgan and Peace Silver Dollars may be ordered from the U.S. Mint’s page of silver dollar products.
A mintage limit of 275,000 has been established for each coin. Additionally, the U.S. Mint has set an initial household order limit of 25 coins per household for the first 24 hours of sales. Last year’s two uncirculated dollars had the same conditions and essentially sold out in 24 hours, although their prices were cheaper at $76 apiece.
Proof versions of the dollars, along with a two-coin reverse proof set, are scheduled to be issued by the U.S. Mint this fall.
Ag over $31 today. May have to rethink buying the M/P dollars before the mint raises their prices…again. Or should I hold out and wait for the M/P dollars to be made at the ‘mint that could do them at the appropriate price point’….the Fiji Mint?
Sheesh, Craig, I’m having trouble getting folks on board with the idea of handing some of that business to the far more reasonable Look Same Mint of Greater Wuhan.
Just out of idle curiosity, Craig, where will Magic Mike Mezack pretend the Fiji Mint coins are coming from once the island chain disappears under the Pacific’s waves?
Well, I suppose where there’s a will there’s a way. Welcome to the Marine Mint!
Kaiser,
I am curious as to how Magic Mike is going to hawk these M/P unc dollars on HSN. He can’t say they sold out instantly and they’re most certainly not rare. Or can he? Has the mint shipped your silver proof sets? I’m just glad I quit collecting proof sets after the ATB quarter series.
Craig,
One of the many constants about the Magic Man is that he inevitably manages to find an angle, invent a twist or put a spin on something in order to make a silk purse out of any old sow’s ear. What a talent!
I’m getting my two (’23, ’24) Silver Proof sets today. Sometimes when you’re least sure you need it to the Mint works wonders!
P.S. I was going to quit after the ATBs also but I quite frankly got seduced by the novel artistic designs on the AWQs. I’m so easy.
Kaiser, I just received mine today. Fastest delivery I’ve ever received from the Mint. From a Monday 11:58 pm order to a Friday afternoon delivery. 3-1/2 days!
Major D,
I just had the same experience; it was almost like a combination of Mint and USPS magic! Never have I seen an order get to me so very quickly from start to finish; astounding!
Major D, Well, my experience with my latest shipment from the Mint, the one that got here so amazingly fast, has gone south far more quickly than it arrived at my door. The great unpacking revealed the 2024-S Silver Proof Set to be in excellent condition with every coin from the Half Dollar down looking like what I would call a “70” while on the other and very different hand the 2023-S Silver Proof Set came with a Half Dollar that looked like it had been taken out and tossed around the room a bit and with the rest of… Read more »
Is it remotely possible that consistent quality control is yet another one of the important missing ingredients at the US Mint?
Atlantis would be my guess. Lol
And likely a good one at that, Craig. Now why didn’t I think of that?
I reduced my ASE and Morgan/Peace Dollar subscriptions to 1 each. Was getting household limit on the Morgan/Peace but that ended with the price increase.
Ive essentially stopped purchasing ase’s and just getting 1 each of the m/p thru subscription.
Domenic Vaiasicca,
I’ve pulled out of the ASEs entirely now. I can find other coins that are equally interesting if not in fact more so and spend my limited cash that way instead.
Ken, why in the world would you want to buy 25 each of the M/P dollars? I was buying as many as I could get my greedy hands on in 2021, but since they increased the numbers being pressed, I only needed 1 of each. With 275,000 minted this year, these are going to be available years from now and probably at a reduced price point.
Craig, Domenic Vaiasicca and Ken,
All of your points are quite well taken, gents.
a) It’s no longer neccessary (if it indeed ever was) to order more than one of anything from the Mint since the higher initial pricing discourages future gains.
b) The only novelty with the ASEs each year is the date so there’s no urgency to own more of those, not to mention one can buy them for less as bullion.
c) Many coins released by the Mint will in fact be less expensive on the secondary market, therefore patience is a key ingredient for purchasing them.
Kaiser,
Well put, particularly the ‘discourages future gains.’. Paying $91 for a coin with an ounce of Ag is going to do that, especially with the numbers pressed. I still haven’t pulled the trigger and might just wait and see what the secondary market offers in a bit.
Craig,
I can’t say as I blame you for hesitating regarding this or for that matter any other Mint purchase(s) at this point. With the new higher pricing in effect and additional hikes quite possibly in the wind it behooves us going forward be much more circumspect as to how we deploy our resources when it comes to building our collections.
Craig,
Worse yet, those M/P Dollars are a bit shy of one ounce of silver each.
Kaiser,
Nothing gets by you, my friend. They only contain 0.859 troy ounces of Ag, which makes the asking price that much more egregious, at least to me. Thanks for pointing out that pertinent fact!
Craig,
I can’t help it. It’s quite likely a result of my exactitude aided by my OCD. And you’re entirely welcome; always happy to help!
Agreed Craig & Kaiser! Agreed!!
“In this we are unanimous.” (thanks to “Are You Being Served?)
The main goal is to get the heard to pay $100 for an ounce of silver.
“One for you and one for me. One for you and two for me.”
The game’s afoot!
It would be nice to have these coins in high relief. Lowered my subscriptions to two of each. Not as hot a commodity for some reason. Perhaps a couple reasons.
Rooster,
The first year of them was a nice opportunity to engage in some nostalgia. It might be this special feeling has worn off now that they are being released on an annual basis.
Spot on Kaiser. We all remember the crashing of the mint website while trying to order. Back then there was speculation of a high relief Peace dollar. That would be the only reason for me to get ‘hyped’ on these again.
Rooster,
Ah yes my friend, the good old days of sheer and total havoc, complete and utter pandemonium, and endless nerve-wracking frustration on the Mint’s then infamous coin release days. I don’t miss those one bit.
Some (recent) historical context: The 2023 Morgan & Peace Unc (23XE and 23XH) each had a 275,000 mintage + product limit- same as with the 2024 Morgan & Peace Unc (24XE and 23XH). Released on July 13, 2023 the first 4 days of sales (7-16-2023 sales report): 23XE 255,904 and 23XH 255,877. The 2nd week of cumulative sales (7-23-2023): 23XE 259,811 and 23XH 260,666. Lastly, the 3rd week (and essentially the last) week of sales (7-30-2023): 23XE 261,048 and 23 XH 260,450. As of today, 23XE= 260,527 and 23XH= 260,450. Based on the 2023 sales, and with the recent price… Read more »
Agree! I swear, I have the worst luck!! I couldn’t figure out how to stop my subscriptions so I contacted the Mint and they did it for me. Well, I just got an email earlier from the mint that my Mor/Pea shipped today!!! I don’t want any, at almost any price!! Not interested. Gold! Gold! Gold!!! ONLY!!! Lol! Why me!! I’ve been GOOD!! I don’t understand why I seem to have these little glitch’s! I do my best to stay on top of things just to avoid bad things happening. Now I’ve got to return them! That’s 2/3 of the… Read more »
AKBob, I may be incorrect(?), however I believe as long as you don’t open it, you can mark the package as “Refused” and the USPS will or has to send it back, no charge? “The Domestic Mail Manual provides that after delivery, an addressee may mark a piece of mail “Refused” and return it, unopened, to the Postal Service except when mailpiece bears a Bulk Parcel Return Service (BPRS) endorsement.” DO NOT open and take to the counter at your Village/town USPS and ask them how to handle this package, in order to verify you can or can’t mark the… Read more »
CaliSkier and AKBob, I can foresee at least one possible difficulty with that proposed procedure, gents. Once that package has been returned to the USPS as “Refused” there is no guarantee it won’t somehow “disappear” along the way back to the Mint and as such you will end up having no way to 1) prove that you returned it; 2) certify as to what it contained and how much it was worth; or 3) get anything from the Mint to verify they in fact received it back. Much as I hate to say it, opening the package, filling out the… Read more »
Good point, Kaiser. I wouldn’t want to risk it. AKBob, seeing how you’re one of the Mint’s top customers (in money spent) I’d call the Mint and explain what happened and ask for a free return shipping label. That way, the return is registered in their system and there is a tracking number. I’ve received return shipping labels from them when I’ve had problems with the coins, and it’s been UPS instead of USPS on the return.
Now that you mention it, Major D, I myself was able to do that once but only because it was clear the Mint had been in error in shipping something to me which I had indicated I didn’t want. I think it might be a bit more difficult to procure one of the Mint’s free return shipping labels if it’s just a case of having changed one’s mind about wanting to keep something that was received. But then, “miracles” do happen, so maybe it’s always worth a try.
Oh boy, I feel bad for you, AKBob, especially since I got caught in an identical predicament not all that long ago. I myself got tripped up because the Mint had kept lengthening the number of days ahead one had to inform them in order to cancel a subscription and I had completely missed the deadline, and as you found out just now, there is no forgiveness available.
I made the mistake of counting the day of canceling in the “5 days prior” before– as in canceling on a Saturday morning for a Thursday noon release. Since the Mint counts backwards from 11:59 pm on Wednesday, I needed to cancel by Friday 11:59 pm.
Major D,
That’s precisely what tripped me up more than once, the incorrect (on my part) counting of the number of grace days I still had to play with. Well, as they say, live and learn…and bite the bullet.
Major D, CaliSkier and AKBob,
I just requested and was granted a free product return label from the Mint for the two (2023,2024) Silver Proof Sets I’m sending back. As I mentioned earlier, the 2024 was well above par while the 2023 was really crappy, which I’m guessing means it was likely a returned Set the Mint decided to foist on some unlucky sucker out there, in this case meaning yours truly.
Kaiser —
Re ordering multiples of all these coins, in addition to your quality control concerns I just received my 2024 Peace Dollars. Well not exactly dollars … dollar. Turns out while their packing slip said 2 were shipped (the number I ordered) they only shipped one! So the screaming you heard coming at you from over the horizon was me complaining. ….
— Mike
AKBob, I don’t know how to cancel a subscription outright. I logged in to my account (View Account) and went to the left side of the page and clicked on “My Product Subscriptions”. I could unchecked the “active” box. Like I said I couldn’t delete the subscription but I could make it inactive. It seems to have worked. I didn’t get a notice of purchasing the 2024 Unc Peace that I had a subscription for since last year. I also got a e-mail notice that there was a change to my account (not specific other than an enrollment change). Good… Read more »
VinnieC,
As near as I can tell “inactive” equates to a cancelled subscription or at least a suspended one which in either case will stop any shipment.
Yes, inactive is what you do. I like the ease of toggling on or off and being able to change the number. Since subscriptions are sent with free postage, and they also count towards the first three orders for free loyalty shipments for the year, you can save yourself $17.85 by having your first three orders all being subscriptions. Every little bit helps.
Major D,
Two very good points indeed. One thing the Mint seems to be infinitely tolerant about is how many times you decide to change your mind about your subscriptions. Additionally, the fact that subscription orders, while devoid of shipping charges themselves, count toward your three shipment quota for subsequent free shipping is very useful. Such a deal!
In the mints website, I just clicked ‘My Account’ then the ‘My Product Subscription’ page and then uncheck the ‘active’ box…simple.
Bob as to Au v. ag…. REVERAND
As in gold to the megachurch pastors and silver to the tiny local preacher?
The ‘24s will be there for weeks, or months IMO. MINTAGE, PRICE, Not a one of
Hurry, Hurry, Hurry, Step right up! Plenty of Liberty and Britannia Silver Medals available. Maybe they’ll throw in some free shipping on an order for 99. That’s the least they could do for a $10,296 order? Doubt it though.
CaliSkier
I got a MS70 2£ Britannia & Liberty UK bullion coin instead. It seemed like a better choice.
Opps I meant MS69. I got it confused with the 2£ PF70 which I also got.
I think you made the right choice, VinnieC, and good for you at that!
Mainly I liked the fact the the UK silver version was a coin rather than a medal, albeit not aa US coin.
VinnieC,
That is precisely the most advantageous aspect of what you just did. I have in fact been on a personal crusade, knowingly against all odds, of course, to get the U.S. Mint’s policy regarding the unfair pairing of gold coins with silver medals rescinded. After all, why should we silver buyers have to settle for medals while gold purchasers receive actual coins?
You know it’s interesting that US Mint kept the same mintage limit as the year before. These ones will last a while.
Victor,
Of course we do know from our plentiful experience with the Mint that “mintage limits” and “actual mintages” don’t necessarily always turn out to be one and the same.
Remakes of movies wear out their purpose after a while. Perhaps coins do the same.
It appears that something is exerting a bit of downward pressure on precious metals unless this is simply a run of the mill correction. We’ll see how they trend down the road.
It seems that once again it is palladium, the recently anointed Rodney Dangerfield of precious metals, that is leading the charge in the across the board descent.
as electric and hybrid cars become more common, there will be less platinum group metals used for cataylic convertors and less demand for these metals. maybe the cause for the drop from $2.4k to $1.1k for palladium
Richard Margolis,
That actually explains a lot. I suppose now the platinum and palladium thieves will have to switch some of their action to electric car batteries.
good luck with that. In addition to electrocution, these batteries weigh up to 1000 pounds
The by now somewhat familiar pattern of a palladium price plunge is perpetuated.
Mitt have maybe bought B4 price jack, now easy, Uber easy……PASS. Ag needs to hit $80 to maybe get out even…..mintage Way too much
I think they do that alot, Buy low, sell high! They have bookoo reserves to boot.
I’m having trouble figuring out if I’m supposed to put a check mark in the box for my subscriptions at the Mint! It says active and then there’s a box. So if I do NOT want the subscription should I leave the box unchecked or checked? It’s confusing to me. I just wish you could delete your subscriptions, that’s what you should be able to do. It might not be confusing to you all but it is for me. I got stuck getting the 2023’s M/P’s and I just got stuck getting the 2024 M/P’s and the Mint told me… Read more »
I think you leave the box blank/unchecked. That’s what I gather from Craig above.
I don’t do subs so I’m not the expert here.
Good luck to you AKBob!
Thx Rick!!
All of the above advice from Rick is correct, AKBob. There is no way to remove a subscription from the page as such; only the Mint can do that.
Ventris saw Ag over $30…. Said to staph $101 sounds great for these, do it now!
John Q. Coinage,
Somehow your scenario brings back to mind the 76 Trombones of “The Music Man”!