The United States Mint updated pricing again for one of their 2023 products featuring Morgan and Peace Silver Dollars. Options for the year include single dollars in collector finishes of proof and uncirculated as well as a pairing in reverse proof.
In early February, the U.S. Mint announced prices for many of their 2023 numismatic products, including those for the single Morgan and Peace dollars. On Friday, March 3, pricing of the 2023 Morgan and Peace Silver Dollar Reverse Proof Set was published on the Federal Register, the official source of notices by government agencies and a daily journal of their proceedings.
Similar to the single dollars, the set’s price is higher than the one listed when the U.S. Mint first opened subscriptions for the dollars. (The Mint’s Subscription Program works a lot like a magazine subscription. Those subscribed to products receive them when they become available.)
The latest available product options and prices for the dollars and the set follow.
U.S. Mint 2023 Morgan & Peace Silver Dollar Products and Prices
|Product||Mint / Mint Mark||Mintage*||Original Price||New Price|
|2023-P Uncirculated Morgan Silver Dollar||Philadelphia – No Mint Mark||275,000||$67.00||$76.00|
|2023-P Uncirculated Peace Silver Dollar||Philadelphia – No Mint Mark||275,000||$67.00||$76.00|
|2023-S Proof Morgan Silver Dollar||San Francisco – S||400,000||$73.00||$80.00|
|2023-S Proof Peace Silver Dollar||San Francisco – S||400,000||$73.00||$80.00|
|2023-S Morgan and Peace Silver Dollar Reverse Proof Set||San Francisco – S||250,000||$175.00||$185.00|
*Mintages are based on those shown on each product’s subscription page.
Centennial renditions of the historic Morgan and Peace dollars launched in 2021. The U.S. Mint originally planned to release proof versions for 2022, but those were canceled due to their limited supply of silver blanks.
The coins minted in 2021 are in uncirculated finish and sold for $85 apiece. Those options included Morgan dollars struck at the Philadelphia, Denver and San Francisco Mints and a Peace dollar minted at the Philadelphia Mint.
The U.S. Mint’s subscription product page for Morgan and Peace Silver Dollars is located here.
Won’t be buying the two coin set, or anything you set the price up on.
James, that is what I would call a rather definitive and conclusive statement. I will also say that at this point in the Mint’s “Low Silver Commodity Price versus High Mint Silver Products Prices” game it’s hardly possible to criticize or fault you for that decision.
Yeah, but are you willing to pay $360 for a 2023 W PR70 ASE struck in the year 2022? HSN has them for sale…just 945 available! Think how rare these must be to be struck in 2022. I’ll bet this is the first time such a thing has happened!
I can’t say I’m even clear as to what that is all about, Craig, but what I can be sure of is that I wouldn’t buy anything from HSN in this or any other lifetime.
I don’t see what’s so special about them. In previous years the proof silver eagles usually went on sale in early January. That being the case, they had to be minted late in the prior year. All they have done is created a new subcategory and they are charging you more for it. If you’re wanting to purchase a 2023, do you really care if it was minted in 2022 or 2023?
The U.S. Mint continues, once again to raise prices on silver products that were already highly overpriced! All the while, silver has been dropping overall basically for a long time.
The U.S. Mint’s new motto is, “Coins & Medals at a Price You Can’t Refuse Because We Are a 100% Monopoly”!
The increasingly stark contrast between ever further dropping silver values, Seth Riesling, and the Mint’s seemingly relentless hiking of its silver product prices is flashing neon sign like warning signals to all of us in the coin collecting community, as in, How much will you put up with before you tire of this worsening scam?
Seriously Kaiser? You think the 2023 proof Morgan and Peace dollars are scam coins? Of all the coins offered this year these are the ones, especially the reverse proofs, which will be worth many times the Mint’s list price IMO. In the 11 years of the Peace series so far (1921-1928, 1934-1935, 2021) there have been 27 different coins and only 2 proofs: the 1921(P) High Relief (mintage 1,006,473) and the 1922(P) High Relief (mintage 35,401). At PR65, the 1921 one is valued at $188,000 and 1922 at $292,000. You think the 2023 Peace proof (mintage limit=400,000), the 3rd proof… Read more »
I guess this is what happens, Major D, when I don’t make myself nearly clear enough to avoid getting exactly this kind of reaction and/or response. I was simply addressing the overall ongoing disconnect between the declining value of silver and the vividly contrasting rising price of all silver products from the Mint. This wasn’t in any way meant to be referring to any specific type, variety, issue or series of coin(s) in particular. Additionally and aside from all that, I don’t believe it’s within the Mint’s purview to price into coins their possible future value as opposed to the… Read more »
It’s all good, Kaiser. I was just making a point and didn’t mean for it come across as strongly as it did. I think the Mint prices with a certain demand in mind- and sometimes the demand may in part be indicative of future value expectations. But I think you’re correct that the Mint doesn’t price to future value by itself- and that’s a really good thing for us customers. Otherwise, these Peace and Morgan dollars would be out of my reach.
No worries, Major D; some days my skin is quite a bit thinner than others. This usually if not indeed always has to do with one of my all too frequent PTSD occurrences, and I thank you for being so kind as to help put my mind at ease. After all, while coins are significant, people will always be more important.
I was also surprised by the overall increase in prices this year. It wasn’t just tied to silver, though. EVERYTHING took a price increase.
Major D, do you think the Peace proofs or Morgan’s will be high relief this year as a surprise? If not , Maybe that will be the hook in 2024
That’s both a brilliant idea and an equally shining hope, East Coast Guru. It’s certainly something not just to dream about but hope for!
IDK, usually when I think of the Mint and surprise it’s not of the good kind. But that’s a great idea!
Ah yes, Major D, I’ll bet your not the only one of us regular Mint customers suffering from the “once bitten, twice shy” syndrome.
High Relief.. as in, relieve us of a higher price!
Do not hold your breath, sir or madam; the new you will be blue.
The Peace dollars will continue to be high relief, just like the 1921 & 2021. The only reason 1922-1935 were not high relief is because striking the High relief required much higher die pressure, and with the quality of steel available in the 20’s and 30’s being what it was, they were constantly breaking dies. Nowadays, they use harder steel dies that can take the increased pressure required to strike the high relief Peace dollars, so we can expect them to be struck in high relief like the 2021 was. I’m not aware of any plans to create a high… Read more »
I don’t believe you can count anymore that 25 issues in the Peace Dollar series, including the 2021. I think ALL of the Peace Dollar issues this year will be highly desirable and will sell quite well. I wouldn’t pass on any of them. This is a series that is going to continue year after year and as well as they did for 2021, I think they are a great series to collect, especially for those who have the 24 originals in uncirculated condition.
Problem is, nearly all 250,000 will grade 69 or 70. Original Morgan’s and Peace dollars are extremely rare in the commensurate grades, hence their premium price.
Seth, the value of a silver numismatic coin is far above its silver content. These are not bullion coins.
I’ve long seen those as two different, completely distinct and widely separate worlds, Major D and Seth Riesling. In the one universe we find numismatic coinage for collectors and in the other bullion ducats for stackers, investors and hoarders. Once again, I believe it’s not a matter of either of these being the naturally superior track but rather that it is simply which appeals to the individual.
Of course, choice is only an illusion. The path you walk has already been laid out for you. Whether you buy the coin or not, it’s already been predetermined. I’m only following my path when I purchase the latest ASE.
If you are truly learned, the rice paper you walk on will not be disturbed.
I’m almost tempted to not get the single proof versions now.
Yes, I know what you mean, Domenic Vaiasicca. The price keeps increasing, the silver is losing its value. Maybe it’s time to think “fuggedaboutit”.
Then again, since I’ve already jettisoned my ASE subscriptions, do I really want to cut myself down to ordering none of the 1 ounce silver coins at all this year?
What a shame, subscribe, what not enough people buying
It helps them get a better idea of how many coins they need to strike in advance. That way they don’t strike way too many or not enough.
I don’t mind the price increase because you do get a ‘premium’ presentation box with it.
Good Sir Rich and Craig, on a related note, the last few years I’ve been afraid to remove the ASE’s from what passes for their holders to look at the Reverse due to fear of pulling the whole box apart. Yikes!
EZZZACTLY Kaiser 🙁
Yeah, Chris, wazzat all about? 🙂
It is a nice box. Shiny.
Antonio, it’s gotten so bad I’m afraid “shiny” might mean “flimsy”.
You haven’t seen the new boxes. They’re quite sturdy with a nice rendition of walking liberty on it. Of course, when I buy from the Royal Canadian and Royal (British) mints, they have nicer boxes.
Well now, that’s reassuring to know, Antonio, and a bit of a surprise.
Also, be sure to handle the plastic holder carefully as they can become dislodged. I had that happen to me with a 2021 W ASE and it really pissed me off. Concerning those cardboard “presentation” boxes, I’ll bet they will be very collectible in 20 or 30 years if you can keep them in a sealed environment to preserve their current condition. Of course, they might just decompose in 10 years.
In 20 or 30 years, Craig, I will be a distant memory on this planet of ours.
Dislodged? I can’t even get mine out of the velvet back. It’s stuck. Oh well, I’ll have to trust that it has an eagle reverse.
Almost all of these I will pull out the velvet coin holder from the box. Flip it over and gently press the back plastic going around the circumference of the coin. Sure miss those clam shells.
That’s the only way to do it, Rooster, but I hate it if the plastic ends up looking like a crumpled gum wrapper when things go awry.
That’s what I do too.
That seems to be the choice these days; dislodge or forever wonder.
Exactly! They went from having a pretty decent box, a jewel box, to that thing that’s all cardboard/paper now. I was pretty upset over that, especially considering prices went up at the same time.
Just a thought, Craig, if you don’t mind paying double or more for the Two Coin Reverse Proof Set I suggest waiting until Caffeine Mike Sold Out Limited Edition You Can’t Get This Anywhere Else We Only Have A Few Left Mezack puts it up for sale in his vaunted and highly acclaimed proprietary Red Oak fancy box packaging.
Or Kaiser folks can pick up the Mike Mezack Fiji Morgan & Peace dual presentation silver proofs from last year :-/
Don’t you love the fact, Chris Terp, that Caffeine Mike Mezack inevitably, whether sooner or later, has things for sale that other online purveyors of coinage can barely even hope to dream of? It must be the caffeine!
He’s a true salesman Michael 😉 😮
I’ve heard him called many things over the years and in my experience “salesman” is among the least colorful of his countless appellations.
Oh I can’t wait to see his pricing for the 2 coin RP Morgan/Peace Set. I won’t be at all surprised if he offers them for $1000- $1200 in RP70. As I’ve said before, the Morgan’s and Peace dollars are the only coins I’m interested in this year.
Also, he will probably be selling them before they go on sale from the mint.
If Mr. Caffeine Mike gets his China connection into a fast enough gear he could well be selling them before the Mint even produces them.
Do you think NGC would stoop that low and certify counterfeit coins? Personally, I think because businesses are run by people, anything is possible…especially in the USA!
Ah, but why turn down business just because its counterfeit? There must be some grading recognition for a really good one, right? How about RP70 with a “wink” emoji? I’m sure NGC will figure it out.
Perhaps Mandarin Coyne Grating Ceviche will do the deed.
I very much doubt they would agree to that, Craig, but my exaggeration was meant to imply Caffeine Mike does often manage to push far too hard against every boundary of fair play.
No I don’t think they would dare. Imagine what that would do to their business, which relies so much on accuracy, reliability, honesty, good faith and trust. Once word began getting around with proof of that, their business would wither and die on the vine, so to speak.
Meczak is hard to watch or listen to. I think it’s his accent and overpriced coins.
Ha ha ha – NICEEEEEEE 😉
Agree fully Craig. Still scratching my head why a precious metal proof anything from Mint doesn’t come in a better presentation box. The days of the nice clam shells only seem to be rolled out occasionally nowadays 🙁
Well here’s the thing, Chris and Craig; if this rather special Two Coin Silver Reverse Proof Set coin issue isn’t good enough to warrant a clamshell, then what is?
I know Kaiser! Fingers crossed something classy for us. Stay classy US Mint (better: Be classy US Mint) 😉
Your recommendation for the Mint to “stay classy” suggests that the “World’s Most Interesting Man” should be the one in charge there.
Channeling Ron Burgundy
On that note, Craig, I hadn’t noticed until you just brought it up that the packaging for the Two Coin Reverse Proof Set is just flimsy cardboard. One might have thought that for something as special and unique as this product the Mint could have seen its way to springing for a clamshell container; not anymore, I guess.
The WWI commemorative set of silver medal and WWI silver dollar was in a clamshell in 2018.
Unfortunately, in these inflationary times, five years is a whole world ago.
That has recently become my biggest pet peeve. particularly with gold, platinum and palladium coins. The Mint wants thousands of dollars for the coins and ships them in garbage.
They must have figured out, REB, it’s cheaper than hiring a disposal company.
Yeah, I guess you could call me a reverse government contractor! I’m paying them to handle their refuse.
Does that qualify you for the Federal Counter-Employment Program?
I was fine getting these when they were newly reissued
but getting one each year, especially at these lofty prices, ehhh… no thanks.
Shame on you, c_q, for refusing to drink the Mint’s Kool-Aid. 😉
But wait, there’s more!…More price increases!
Buy 2 & get a free, cheap as they come cardboard box to throw away! Such a deal! LOL
Oh heck, why not play their game and send the cheapo box back to the Mint for a refill!
Not cool. Could buy some nice original Morgans and Peace dollars at these prices.
I’m sure Magic Caffeine Mike Mezack is prepared to sell you as many of those as you could possibly ever want as long as it doesn’t bother you all too much that while the silver comes from Nevada but the coins themselves are assembled in China.
As far as the “original” prices on the chart in the article: these were never the real prices. Clearly someone at the Mint made a mistake when putting preliminary prices up, as it appeared to be taken from ASE proof and uncirculated pricing. How can it be a price increase when the “new” 2023 prices are lower than the 2021 prices? The 2021 uncirculated price for Peace and Morgan was $85, and now the 2023 price is $76. That’s a $9 price drop. In addition, the proof 2023 price is $80, which is $5 less than the 2021 uncirculated price.… Read more »
The bullion. As the bullion you can buy as many as your piggy bank allowed. The peace, only 1 per household and you were lucky to get 1. So your profit is limited to$265 as of your current price. Perhaps in 25 years (anniversary) it’ll be worth more. Sure I woulda loved the 75th anniversary of end of ww2 coin, population 1945. Due to buying house had to be greedy with money. I believe it sold at mint for $2000. Missed out on them at $3k on ebay. I think 5 hours later I caught a seller wanting $7,000 for… Read more »
Dazed and Coinfused, so sorry to have stolen Caffeine Mike’s watchword out from under you, but when it comes to this specific appellation I simply can’t help myself. As you and I all too well know, the inimitable Red Oak, once it is worked into the form of a coin box, is the single unique embodiment of Mike Sold Out Limited Edition Mezack’s essential Gestalt, and as such is unquestionably priceless.
Dazed and Coinfused and Major D, here’s what might these days pass for a somewhat innovative idea. Why don’t we as a community consider going back to focusing on collecting coins rather than concentrating on profiting from them?
Kaiser, unless you’re strictly a collector of “free” coins (ones you find through searching loose change and coin rolls) I’d say it’s hard to separate “collecting” the coin from “buying” the coin. And even for the searchers, it’s hard to separate rarities from valuables as they are often one-in-the-same. Many have expressed views here that the Mint’s prices are out of whack, and that they are done buying. I agree to a certain extent, especially when it comes to the proof ASEs this year. I do buy sometimes just because I like it and want it even if I think… Read more »
Agree Major D on the difference between precious metals bullion and proof pricings.
However, the price increases on the bronze medals couple few years ago was and is price gouging. The $6.99 1.5″ medals went to $20 and the $39.99 three inch medals went to $120! That price increase was too hard for me to accept and I haven’t purchased bronze medals since. They used to be great stocking stuffers gifts.
Totally agree about the bronze medals, Chris. It’s crazy outrageous pricing. Though I must admit I bought the $20 Jackie Robinson bronze medal as a companion piece to my 2022 NLB coin & medal set, which had the silver Jackie Robinson medal. This is one of those times when I wanted it despite it not being a good value purchase for potential resale. It’s too bad because I really like the look of the bronze- and wish the Mint would make actual coins out of it (though not at those prices). For instance, it would have been great if the… Read more »
I understand what you’re saying, Major D, and I would be lying if I said I’ve never given any thought to whatever the potential future value of any of the coins in my collection might end up being. That being said, however, I think it’s now simply come down to a matter of my aging, meaning that every year I get older the less I seem to want to concern myself about any possible eventual profits, if you get my drift.
We’re all getting there,Kaiser, and I also have no plans to sell my collection. You obviously get a lot of satisfaction from your collection so keep on enjoying them for as long as possible.
I hear you, Craig. Enjoy what we have and don’t sweat the FOMO.
For some it is the thrill of the hunt. You can’t take it with you when you go. Your eyes go bad. So at one point or another you need to sell. Also, in order for some of us to get the coin we want, we need to barter and trade and haggle. So while we can’t get the money all at once, nothing wrong with buying what we can afford and do a quick sale, or appreciate it for a while and then turn it over. But if you feel the mint is too high then and passing on… Read more »
Dazed and Coinfused, if I was a gosh darn Pharaoh I could pack my collection into the nooks and crannies of my pyramid and enjoy it forever.
If I was a Pharoah I couldn’t afford a floor to build a pyramid on. There would be no nooks and crannies in a cardboard box. By all intent and purpose I’d be better off getting the gold foil chocolate coins . I have also gave it thought and decided caffeine and meth mike should be called Magic mike. As he always seems to make rare coins appear. Always has an assistant. But most importantly, magic mike; last chance. He saws prices in half. It just fits. Especially in red oak cases. Nothing wrong with hsn coins. If you catch… Read more »
You wouldn’t gain much by inheriting the current edition of my three successive coin collections, Dazed and Coinfused. The original consisted of all quite pristine pre-WWII, wartime and post-War German, Austrian and Eastern European silver coinage that I acquired thanks mostly to my Austrian and Czech grandparents. The next was a priceless inherited American pre- and post-Revolutionary silver coin and paper money collection. Those two collections are both long gone now and I am still so very dismayed regarding the most unnecessarily unfortunate circumstances of their loss that I refuse to get into any of the absurd details. Suffice it… Read more »
Correction re the comment above: The “inherited” collection’s date framework is not what it says in my comment; rather, the second collection was dated from post-Revolutionary America to pre-Civil War coins and paper money. Sometimes I just don’t remember things all that well anymore. Such is life.
Sounds like you’re a Vonnegut fan, Kaiser. Slaughterhouse-5 is a classic. As I get older, the more “unstuck in time” I feel.
Major D, in this case you have hit the nail on the head right on the money in the middle of the bullseye. I am in fact quite the Kurt Vonnegut aficionado. I was at the premier of Slaughterhouse 5 (the movie) seated a couple of rows in front of the great author himself; I still get goosebumps just thinking about it. As I get older, Major D, the faster time rushes by.
The reason the 2021 peace dollars were 85 dollar is because the way they were made and the unc special finish that was used and will not be the finish on the 2023 peace. The 2021/ peace dollar type is a one only issue from the us mint?
William, I’m not sure what special finish you mean? It’s an uncirculated finish, perhaps some will call it burnished just like they call the uncirculated ASE burnished. The same that will be used for the 2023 uncirculated- so, not a one-only issue.
Correct, Major D and William flick, since the numismatic grade “Uncirculated” at the Mint is synonymous with the description “Burnished”.
The price of silver has dropped $4 an ounce in the past 2 months… yet the Mint keeps raising prices on all silver coins, which is absolutely insane.
Correct, JimboBaggins, especially since one popular definition of insanity is doing the same thing over and over again expecting different results. The Mint at your service.
Why would any spend 76 to 80 for 2023 uncirculated when you can buy a uncirculated Pre 1921 Morgan for 20 to 30 less easily
I’m looking to buy a nice Peace Dollar 1924 – 1934. A nice, fully struck one is hard to find.
Are you sure it’s not counterfeit?
It’s real. If you saw it, you would know.
I was responding to Charlie’s “uncirculated Pre 1921 Morgan” for presumably $50-$60. By “uncirculated” I’m assuming MS quality, not AU. I guess there are a few years that might fall in that range for MS60.
Mine is in maybe Extremely Fine or Almost Uncirculated and it’s a 1921, not a rarity by any measure.
Rarity schmarity, Antonio; what’s most important is that you like it.
You had me wondering there, Antonio, how you could possibly know any such pertinent detail about Charlie’s coin so as to feel confident enough to assure Major D that it is in fact authentic, so I’m glad he (Major D) jumped in with his clarification before the whole story got even more confusing.
I’ve got 3 1922 Morgan peace silver dollars would like to sell them could someone help me with this
This is wt I have 2 buffalo nickels and 3 Morgan and some more coin’s.
Short of buying a coin guide for yourself, Pamela, which wouldn’t be cost effective considering how few coins we’re talking about here, your best bet is to go to your local library and look the coins up in one of the books on numismatics they should have there. Good luck in your quest to sell those!
Anyone need more than 3 of each? Limits for subscriptions are now 5 for the 2 coin set and 25 for the single coins.
Are these Household Order Limits about to go higher than a Chinese spy balloon?