Without announcement or other fanfare, the U.S. Mint added 2021 Morgan and Peace Dollars to the Product Schedule on the catalog website. The entries linked to their product pages where they buried critical details about the releases.
The pages noted a household limit of 25 coins. When collectors found out and complained, the U.S. Mint lowered the limit to 10 while claiming they are listening to their customers. The household limit is a controversy because of the low product limits placed by the U.S. Mint. Each of the 2021 Morgan Dollar options is limited to 175,000 coins, and the only Peace Dollar option is limited to 200,000 coins.
Why are the product limits so low?
It does not take a degree in marketing to read the numismatic media to understand that there will be a demand for these coins. The ANA pursued passage of this legislation beginning in 2019. Collectors in numismatic forums have discussed the coins. Yet, the U.S. Mint claiming that they are listening to their customers is tone-deaf when it comes to production to satisfy the market.
When a government agency has to do something not exactly the way the public expects, the agency will go about its business trying to generate as little publicity as possible. The U.S. Mint has tried to hide the low product limits and its callous disregard to the collecting community they claim to hear by ignoring the extreme demand these coins will have.
A government agency is supposed to serve the public. If the U.S. Mint is really listening, they will increase the product limits. Otherwise, this is David Ryder playing games at the collector’s expense and should resign as Director of the U.S. Mint.
|Silver Weight:||0.858 troy oz.|
|Diameter:||1.500 inches (38.10 mm)|
|Coin||Privy Mark||Release Date||Production Limit||Price|
|2021 Morgan Dollar||“CC”||May 24, 2021||175,000||$85.00|
|2021 Morgan Dollar||“O”||May 24, 2021||175,000||$85.00|
|2021-D Morgan Dollar||June 1, 2021||175,000||$85.00|
|2021-S Morgan Dollar||June 1, 2021||175,000||$85.00|
|2021 Morgan Dollar||June 7, 2021||175,000||$85.00|
|2021 Peace Dollar||June 7, 2021||200,000||$85.00|