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.
