The United States Mint has revealed that July 13 will be the release date for their highly anticipated 2023-P Uncirculated Morgan and Peace Silver Dollars. The release dates for the proof versions of the dollars as well as their reverse proof set remain unspecified, but are expected to be released sometime this fall.
Update (May 3): The Mint plans to release the proof dollars on August 9.
Subscriptions remain available for all five silver dollar products, except for the uncirculated Morgan dollar, which offers a "Remind Me" option in case any become available due to cancellations. Mint subscriptions work much like magazine subscriptions, where subscribers receive products as soon as they become available.
For those who prefer not to subscribe, the Mint is reserving a limited quantity of 10% of each product for sale at the time of launch.
Struck at the Philadelphia Mint, the pair of uncirculated dollars will be priced at $76 each and limited to a mintage of 275,000 for each coin.
Here are the options, mintages, order limits, and pricing for each product:
2023 Morgan and Peace Silver Dollars
|Product||Release Date||Mint / Mint Mark||Mintage||Household Order Limit||Price|
|2023-P Uncirculated Morgan Silver Dollar||July 13||Philadelphia – No Mint Mark||275,000||25||$76.00|
|2023-P Uncirculated Peace Silver Dollar||July 13||Philadelphia – No Mint Mark||275,000||25||$76.00|
|2023-S Proof Morgan Silver Dollar||Aug. 9||San Francisco – S||400,000||25||$80.00|
|2023-S Proof Peace Silver Dollar||Aug. 9||San Francisco – S||400,000||25||$80.00|
|2023-S Morgan and Peace Silver Dollar Reverse Proof Set||Fall||San Francisco – S||250,000||5||$185.00|
The U.S. Mint’s subscription product page for Morgan and Peace Silver Dollars is located here.
1.85 million silver dollars mintage…1,850,000 coins…will they ever sell out??
Well, I am going to buy 6 of the 1,850,000 coins, so that’s a start. What I’m curious about is whether MM will utter the phrase “these sold out instantly” or “sold out, limited edition” first when premiering these on HSN. In all seriousness, I don’t think it matters if they sell out or not. If you like the series, collect them as you would the ASE’s. I don’t think anyone is going to get rich trading these Morgan’s/Peace dollars. Unless they mint the reverse of the Morgan on the Peace, or vice versa!
Mike Mezack the snake oil coin salesman on HSN & at CSN always says the U.S. Mint coins he is hawking are sold out live on air, when you can look at that moment on the Mint’s website and see they are still available. He does it all the time.
These look nice, but even top 70 grade will probably be common due to the sheer high numbers of each of the 5 options.
I plan on buying a few of the 2-coin sets. I will keep one & give the others to my 4 nephews.
Seth and Craig,
It’s hard for me to tell if I should be excited about these coins being on their way or should instead curb my interest due to their high numbers.
Subscription for uncirculated coins are sold out
the 2 coin set now (finally) under 800 available so that will be sold out soon.
As for the proofs…plenty available.
It took forever for the uncirculated versions to sell out, and only after the limits were lifted, allowing the big wigs to buy great quantities.
1 each for me, and even that interest for me is waning.
And even with the subscription sell out, there are still the 10% or so available the day of release.
Thank you, Tom, for providing very helpful additional perspective on this issue of coin desirability versus mintage figures. Like you I am still up in the air as to my final decision.
I will be looking forward to seeing either the Proof or Reverse Proof versions with a bit of excitement because I’ve never seen one in person. I have seen the RP Fiji set on HSN, and the obverse of the coins do look impressive, but they are Fiji coins. If the mint continues with this series it will be interesting to see how it affects the value of the 2021 versions. Assuming the mint continues to produce the series in high mint numbers, those 2021’s will be the coins people need to complete their collection. They, in essence, will be… Read more »
I have a total of one circulated Morgan Dollar from the old days, so straight from the Mint anything in that regard will be new to me not just for both of the coins but in whatever variety, Craig.
I’m surprised, Kaiser, that none of your family members would think that a Morgan/Peace dollar coin would be a great gift for you on your birthday or during the holidays. I knew my late Dad loved collecting coins and always managed to give him a nice coin, including Morgans/Peace Dollars, on special occasions, They always put a big smile on his face. People who are into numismatics should be the easiest to buy gifts for (unless they are only collectors of gold coins of course!)
It’s very kind and thoughtful of you, Craig, to express that sentiment and in a perfect world such things might actually happen. Barring that, suffice it to say situations are all too often not the way we might have envisioned them to be.
Good for you, Seth! There’s nothing like family and hopefully you’ll encourage some of your nephews to continue your endeavour. Are you planning on buying any of the uncirculated or proof versions or is it your plan to just buy the RP Set? If I could only buy one option, that would be the one for me.
For now, I think I’ll just stick to the 2-coin set & buy the household limit of 5 sets. But, come first day of issue, I might just buy 1 each of the single coin offerings. I’m just not sure yet. I did get very lucky & got all of the 2021 coins on issue day. The Peace dollar had a scratch on the cheek, but I wasn’t going to risk returning it & possibly not getting a replacement due to quick sellout.
You were lucky indeed to procure all 6 of the 2021’s Seth. I was able to get all but the privy CC and they all look like 70’s to me. Of course, I wouldn’t be able to differentiate a MS70 from a MS69 as they both look the same to me. I sometimes wonder, with the high amount of 70’s offered for purchase these days, if the grading companies can either. I was forced to purchase the privy CC from a dealer and it, of course, had a tiny indentation on the obverse. I figured it was a coin that… Read more »
Craig and Seth,
As I read both of your stories about the minimally imperfect coins you each happened to purchase on the secondary market to make up for ones you weren’t able to buy directly from the Mint I thought of Leonard Cohen’s marvelous song line “There is a crack in everything, that’s where the light gets in.”
I agree entirely, Craig and Seth, with Craig’s statement above that “If I could only buy one option, that would be the one for me.”
about 250 of the 2 coin set sold today, 544 left under subscription….
It appears, Tom, that as the release dates for all the varieties of both coins approach we may have another subscription sellout.
Thanks Tom for these updates.
I second that, Tom; those updates are always helpful.
check your math. 1.6mil
MINT SITE NOW SHOWS AUG 9 FOR PROOF VERSIONS AND NOV 14 FOR REV PROOF SET.
Thanks Domenic; good to know!
$12 more to make a reverse proof. Whoever hand places the coin and encapsulates it must be paid a ton per hour. Say 30 seconds per coin, 120 an hour produced. $12 each at 120 per hour $1440. That’s what the mint makes per hour. Minus whatever. Can’t imagine die that expensive. Silver isn’t that expensive, only thing left is the handler. Ain’t like MM and providing a red oak box. Then again, maybe that’s why his coins are usually 2x or more. Who knew
From my experience of over twenty-three years as the logistics manager at a specialty sealants manufacturing company I can confidently assure you, Dazed and Coinfused, that regardless of what such an enterprise elects to charge its customers for a particular product and whatever the profit derived from same may come out to be, not a one of the aforementioned financial factors can even remotely be expected to result in even the minutest version of trickle down effect in regard to the prescribed hourly compensation i.e. wages of the factory floor personnel.
What do you think AI will do to that scenario? That meme is coming.
Looks like a pricey day for buyers with both coins available on the same day.
So true Chris.
Here’s the irony, Rooster and Chris. Inflation of prices for consumer products across the board is putting a strain on coin collectors’ financial resources so they likely have less to spare for their hobby. On the other hand, with everything else costing so much more now it’s a bit disingenuous to complain about the Mint’s coin prices since those are just another example of what’s occurring in general.
Kaiser: Agree with what you are saying but to be clear not complaining.
I understand, Rooster, and I certainly didn’t think you were. My sole interest in describing that scenario was to illustrate the irony at play.
Hmm, so the choice that day may be groceries or US Mint proof coins 😉
The upside? The bliss of fasting with a shiny silver dollar in each hand.
I am in for the reverse and regular proofs. Uncirculated too but on a smaller scale. Looked forward to the proofs that never happened in 2022. My favorite coins have been the Morgan & Peace and IMHO there is nothing that comes closer than these. High mintage on these for sure but I have bought other coins with higher mintages.
I’m just a wee bit puzzled, Rooster. Since it appears that, at least for the moment, there seems to be more interest in the Uncirculated versions than the Proofs, why do you favor the Proofs over the Uncirculated in regard to your upcoming purchases?
Always preferred proofs but this is the first year for proof Morgans and Peace.
Got it, Rooster. I was sure there was a reason but I was curious what it was.
I agree, the Proofs are the first for either Morgan/Peace to be sold to the general public and at a reasonable price. I don’t think I would factor in the mintage levels, of the uncirculated vs proofs, as a particular reason to purchase either because they are both high. As I like them both, I’m going to buy them both. The decision I’m wrangling with is do I buy 1 or 2 of each…I’m leaning to the 1!
Craig: I have always opted for a spare and an heir as a minimum. Not the gold but silver coins. Now I buy extras of the coins I like and pass on others.
Rooster and Craig,
Your buying strategies and the reason for them. Good to know!
The US Mint continues to have planchet supply issues and I wouldn’t be surprised that the US Mint can’t get enough of them to produce the mintage limit maximums for these commemorative coins. The Mint can’t keep up with Silver Eagle demands using .999 planchets (these coins use lesser pure silver planchets) for years now. I believe maximum mintage is a limit, not a required quantity to make.
The U.S. Mint switched from .900 fine silver to .999 fine silver for all it’s silver coins & silver medals in 2019.
Sorry about that, I met that the silver weight is different between the planchets. The planchets used for the Morgan and Peace Dollars are 0.859 troy oz silver of silver as apposed to the usual 1 troy ounce.
Yes, these coins have about 14% less silver than the 1-ounce .9993 fine silver in the ASE $1 coins, but are priced the same as them!
Even though these Morgans and Peace are not commemoratives they are struck on commemorative coin planchets. Commemorative coins previously were 90% silver and silver content was .77344 oz.
Rooster, Seth and Chet,
I love the way that when several people here contribute their share in regard to answering a question and/or clearing up some confusion the resulting resolution is so clear and complete. Kudos, gentlemen!
I have another angle on the desirability vis a vis mintage surrounding these coins. Given the higher silver content than their original .900 fine predecessors, these coins lack true “mint luster.” If they are anything like the 2021’s, they will bear a more muted appearance, like medals rather than coins. This, combined with the high mintage won’t provide much after-market premium, although you could get a grading outlier like what we saw with the 2021-D Morgans. About the high mintage figures, a solution: The Mint should open a period of time, say 60 or 90 days, in which to order.… Read more »