The U.S. Mint announced that they would not produce the 2022 Morgan and Peace Dollars calling it a “calculated pause.”
According to their press release, the pandemic impacts their suppliers’ availability to deliver silver blanks. Although many areas are returning to pre-COVID operating standards, suppliers require additional time to increase production to meet the higher demands.
The Russian invasion of Ukraine should not affect the worldwide supply of silver and gold since their mines are depleted. However, higher energy prices will impact the mining, refining, and transport of these metals.
The law requires the U.S. Mint to strike American Silver Eagle bullion coins. The law authorizing the 2021 Morgan and Peace dollars does not require the U.S. Mint to produce those coins in other years. If there is a supply problem, the U.S. Mint will strike the required American Silver Eagle Coins and suspend the Morgan and Peace Dollars.
Although popular designs, does it matter if the U.S. Mint strikes the coins again? Would it be better for the hobby if the coins were a one-year tribute and faded into numismatic history?