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The New Morgan & Peace Dollar Bill Passed Congress – Spurring Coin Interest in 2021

Posted by 1st American Reserve on

HR6192 passed the Senate last week, meaning that it will become law once the President signs the bill, marking the 100th anniversary of the Morgan dollar/Peace dollar transition year of 1921 with newly-minted editions of both series, sparking widespread new interest in both the new and old series of Morgan and Peace dollars in all their mintage years and Mint marks.  Here is their basic history:

 

In 1921, the new Peace silver dollar was approved by U.S. Treasury Secretary Andrew Mellon to commemorate the peace treaty between the United States and Germany in World War I. It replaced the Morgan silver dollar, which was minted from 1878 to 1904 and in one final year of 1921.

The Peace dollar was minted in Philadelphia, Denver and San Francisco, while the Morgan silver dollar was minted in the same three cities plus New Orleans and Carson City, Nevada. The Morgan silver dollar was designed by George T. Morgan, and the Peace dollar was designed by Anthony de Francisci. Morgan dollars feature Lady Liberty on the obverse and an eagle on the reverse. The Peace Dollar features the Goddess of Liberty and a bald eagle clutching an olive branch, a symbol of peace.

Peace dollars were minted between 1921 and 1935. In essence, the Morgan dollars symbolized America’s westward expansion and rapid growth during the Industrial revolution while the Peace dollar symbolized America’s coming of age and dominance as a global power after World War I.

These new 2021 coins will replicate the original designs of the Morgan and Peace dollars, with a face value of $1, containing not less than 90% silver with the same reeded edge, a diameter of 1.5 inches and a weight of 26.73 grams. They will be considered legal tender as “numismatic items” under law. 

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