The U.S. Mint is delaying the release of the upcoming 2021 Morgan and 2021 Peace Dollars.
Within 20 minutes, the brand-new 2021 Morgan Dollars with New Orleans and Carson City privy marks sold out from the U.S. Mint’s website.
Last November and December, the numismatic world witnessed an unprecedented event, as three of the most renowned and sought-after Morgan dollars on the collectible market were sold at auction. Conducted by Stacks, the auction sold off the coin collection of the late Larry H. Miller, consisting of over 1,600 individual pieces. With 36 coins selling for six figures or more, and 3 that sold for more than a million, the total sales of the auction came close to $24 million. All proceeds of the auction went to the construction of Primary Children’s Hospital in Lehi, Utah, a fitting tribute to Miller’s charitable and caring legacy.
On April 23rd, 1918, Congress enacted the Pittman Act, which oversaw the melting of nearly half of every Morgan Dollar ever struck. To this day, this remains one of the largest mass melts of coinage conducted by the U.S. Mint in history. To this number in perspective, if each of the 270,232,722 Morgan Dollars melted during this act were stacked on top of each other, they would form a tower over 400 miles high. Why was such a large portion of the Morgan Dollar series destroyed in this manner? Like other coin melts, the answer lies with the current events of the time.
Last Thursday, March 11th, marked the 143rd anniversary of the Morgan Dollar’s initial production. As one of the most collected U.S. coin of all time, the Morgan Dollar has long been considered a cornerstone of the American numismatic canon.
In 1859, stunning news came out of Virginia City, Nevada: a massive lode of silver ore had been discovered under the eastern slope of Mount Davidson. This new discovery, known as the Comstock Lode, promised incredible fortunes for miners and those involved in the silver industry. One major hurdle with the Comstock Lode, however, was that the nearest mint was located over 200 miles away in San Francisco. That meant in order to strike any of this silver into legal currency, thousands of tons of the precious metal would have to be transported on a perilous journey over the Sierra Nevada mountains.