The United States Mint is set to release two highly anticipated coins today at noon ET, with the arrival of the 2024-S Proof Morgan and Peace Silver Dollars. Struck from 0.859 troy ounces of .999 fine silver, both coins are produced at the Mint’s San Francisco facility and are expected to draw strong interest from collectors.
This modern pair pays tribute to the classic Morgan and Peace dollars, first introduced more than a century ago. The original Morgan dollar, designed by Mint Chief Engraver George T. Morgan, was minted from 1878 to 1904, with a final run in 1921. The Peace dollar, created by Italian American sculptor Anthony de Francisci, debuted in 1921 as a replacement for the Morgan dollar and was issued annually until 1935, with a gap from 1929 to 1933.
The 1921 Silver Dollar Coin Anniversary Act paved the way for the new series, passed by Congress to mark 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."
As part of that centennial celebration, the U.S. Mint issued five distinct Morgan dollars: one with a ‘CC’ privy mark representing the former Carson City Mint, another with an ‘O’ privy mark for the former New Orleans Mint, and a version without a privy mark — all struck at the Philadelphia Mint. Additionally, an ‘S’ mintmark coin was minted in San Francisco, and a ‘D’ mintmark coin was produced in Denver.
Also in 2021, the U.S. Mint issued a single Peace dollar, struck in Philadelphia without a mintmark. Like the Morgan dollars from that year, the coin featured an uncirculated finish.
Despite strong collector interest, no coins were produced in 2022 for the program, with the U.S. Mint citing a shortage of silver blanks as the reason.
The program made its return last year with five new coins, including uncirculated Morgan and Peace dollars from the Philadelphia Mint, proof versions of both from the San Francisco Mint, and a two-coin set featuring Morgan and Peace dollars in a reverse proof finish, also from San Francisco.
This year has already brought two releases in the series, with the U.S. Mint issuing the 2024-P Uncirculated Morgan and Peace Silver Dollars in July. As of Sept. 8, sales have reached 171,553 for the Morgan dollar and 164,833 for the Peace dollar. Additionally, a two-coin Morgan and Peace reverse proof set is slated for release later this year.
Morgan and Peace Dollar Designs
The U.S. Mint used a combination of historical artifacts and modern technology to enhance the designs of the Morgan and Peace dollars when they reappeared a few years ago.
The obverse of the Morgan dollar depicts Liberty in profile, adorned with a cap, flora, and a crown inscribed with "LIBERTY." The design is completed by 13 stars and the inscriptions "E PLURIBUS UNUM" and "2024." On the reverse, an eagle with outstretched wings clutches arrows and an olive branch, encircled by a large wreath. The inscriptions include "UNITED STATES OF AMERICA," "IN GOD WE TRUST," and "ONE DOLLAR."
The Peace dollar’s obverse features Liberty in profile, wearing a radiant crown, with inscriptions that read "LIBERTY," "IN GOD WE TRUST," and "2024." The reverse shows an eagle at rest, holding an olive branch above the word "PEACE," along with the inscriptions "UNITED STATES OF AMERICA," "E PLURIBUS UNUM," and "ONE DOLLAR."
Morgan and Peace Silver Dollar Specifications
| Denomination: | $1 |
|---|---|
| Finish: | Proof |
| Composition: | 99.9% silver |
| Silver Weight: | 0.859 troy oz. |
| Diameter: | 1.500 inches (38.10 mm) |
| Edge: | Reeded |
| Mint and Mint Mark: | San Francisco – S |
| Privy Mark: | None |
Ordering and Limits
Each coin is priced at $95, with a maximum mintage of 300,000 and an initial household order limit of 25.
Morgan and Peace silver dollars are available on the U.S. Mint’s silver dollar product page.
