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 Replies: 32 / Views: 1,117 |
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Valued Member
United States
465 Posts |
I guess I am posting to vent a little. I cannot justify the cost of nearly doubled price increase by the US Mint for the Morgan and Peace dollar series this year. I liked collecting them but prefer to spend this kind of money on the classic series (old Morgan and Peace dollars). In my opinion they should have kept their profit margins roughly the same with the increase price of silver. While I am venting.After returning to collecting after about a 30 year pause I have been really irritated by the mints practice of artificially creating rarities purely for profit. Putting special markings on a limited number of coins just so they can sell them for multiples of what the regular coins sell for (sometimes at auction) is just sleazy. I don't have much respect for the US Mint anymore. |
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Pillar of the Community
 United States
6449 Posts |
I have found it unusual that the privy marks have increased the value of some bullion coins far above the metal price. But that does suggest that the collector demand exists. As someone who is not a bullion buyer, the practice really reminds me of "special edition" comic book covers in the late 1980s and early 1990s.
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Valued Member
 United States
465 Posts |
Maybe my thinking is skewed but when private enterprise like a comic book companies does this it doesn't bother me but when a US government agency does it ?
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Pillar of the Community
United States
7184 Posts |
Begrudgingly I will keep my subscription to the Morgan and Peace dollars as I have been adding them to my Morgan and Peace dollar albums. As for the reverse proofs they have lost their novelty with repeated issues so they may be canceled for my subscriptions. |
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Valued Member
United States
465 Posts |
It's painful and I have second thoughts since I have complete sets of the classic Morgan and Peace dollars as well as up to date on the modern series but dang the mint wants too much for them imo. |
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Pillar of the Community
United States
6449 Posts |
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Maybe my thinking is skewed but when private enterprise like a comic book companies does this it doesn't bother me but when a US government agency does it ? I think if they didn't issue the special coins, the collectors who want those coins would complain that the government is unresponsive to their desires. Specimens are a weird niche at the mints. Their main purpose is to produce coinage for circulation and verified bullion for stacking. I think you are doing the right thing for you. Nobody should feel compelled to buy the special coins at a hefty premium. |
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Pillar of the Community
United States
1212 Posts |
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Putting special markings on a limited number of coins just so they can sell them for multiples of what the regular coins sell for (sometimes at auction) is just sleazy I can't say that the modern Morgan and Peace dollars aren't sold at a huge markup. Silver eagles as well. Everything, look at the proof and Uncirculated sets lately. The thing is, the privys, etc don't really seem to drive the prices up all that much. Compare the 2026 W ASE with dual date and privy mark, to the Congrats set, which is more limited and probably a hotter item than the W. If I remember the congrats set is what, $5 more than the W due to a fancier box. "Big deal", $5 more. The prices are just way too high in general on the collector products. The bullion price is high as well, for the times we are in I guess your just accept the bullion price or you reject it as being a bad buyers market right now, or you speculate the prices on metals is going to go up and we just don't realize it right now, due to recent spikes. |
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Moderator
 United States
187446 Posts |
I gave up on them when they failed to make them for 2022, the year I really wanted a peace dollar to honour my grandfather's 100th birthday.  But then I had to get the 2023 Morgan & Peace Reverse Proof Set because I had to. Then I gave up on them again.  |
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Bedrock of the Community
United States
12804 Posts |
Pretty much the same... except I got all the 2021 and 2023 options, then stopped.
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Pillar of the Community
United States
1212 Posts |
I have almost zero real interest in the classic Morgan and Peace dollars. I mean, as far as any intent to collect the set or series, whatever you'd consider it. I know there are people who go for certain mints,etc, so there are ways to have some sort of set, without needing every individual release. But it's a rabbit hole I prefer not to jump down. When the modern series came out, I thought it was a neat idea to just collect those, thinking it was just 2021, so I managed to get them all through the mint. Then the 2023s came out and I was a little, eh, not "mad", maybe "frustrated" is the correct term |
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Pillar of the Community
Canada
5238 Posts |
This is a trend for ALL mints, it seems. The US mint is actually one of the more conservative in the number of their issues, so you are lucky it is not worse.
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Pillar of the Community
United States
732 Posts |
I'm some variation of a Type Collector So far I have the 2021 Uncirculated/Burnished coins, the 2023 Proofs and the 2025 Reverse Proofs The only 2026 Morgan and Peace dollars that I am buying are the Enhanced Uncirculated versions I doubt the mint will come up with a different finish so this part of my collection may be "complete" after this year |
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Moderator
Australia
16805 Posts |
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This is a trend for ALL mints, it seems. The US mint is actually one of the more conservative in the number of their issues, so you are lucky it is not worse. I concur with this observation; most other mints around the world, both government and privatized, have been churning out this kind of stuff for decades now. And, as noted above, those mints would have stopped doing it if the coins didn't sell. The US mint is just deciding it wants a piece of that pie too. Most mints long ago gave up on trying to appease the "gotta catch em all" collector - limiting their numbers of releases of different coins so that, in theory, it wouldn't be too hard for one (rich) person to afford to buy one of every single coin product the Mint issues that year. Now, it's more of a shotgun-scatter approach: issue vast numbers of coins of every design and theme under the sun, and somebody out there somewhere will buy them. Which, in turn, means that they've stopped caring if individual collectors give up collecting - you are a replaceable cog in their machine, someone else will step up and buy them if you choose to stop. They fail to realise that if enough cogs go missing, the whole machine will stop working. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
10470 Posts |
I guess I was one of the few that never fell for the "New" Morgan and Peace dollar (Medal) hype in the first place..........  |
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Pillar of the Community
United States
5601 Posts |
Classic 1878-1921 Morgan Silver Dollars and 1921-28, 34,35, Peace Silver Dollars are another Animal, Altogether...  The modern 100th Anniversary Editions theme were special for the 1921-2021 releases. As mentioned prior by Celtic, the mint failed to produce the anticipated 2022 Morgans and Peace dollars. Also, the first reverse proofs were special, IMO -- not since anymore. Now lets talk about the main reason the mint's charging double spot on silver releases, $1,000.00 over spot on gold. That is the elephant in the room here. Today annual sets are $120.00+!!!!!  Pmint1, Trust me, you are not Alone on this topic. Pmint1 Stated, Quote: I have complete sets of the classic Morgan and Peace dollars "  Impressive, Very Impressive, Not many Complete Sets of the Morgan Series, Every mint marked coin?  I Too collected the Morgan series, Which led to the Study of VAMS ,.....Very Interesting study... |
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Pillar of the Community
United States
1212 Posts |
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I doubt the mint will come up with a different finish so this part of my collection may be "complete" after this year My advice, as I guess I have mentor before: Subscribe to it. If they reveal what exactly it is and it's of no interest, you can pause it. If there is some bombshell info revealed that it's something new and unique, the subs could disappear rapidly. |
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Replies: 32 / Views: 1,117 |
Posted 05/13/2026 10:27 am
