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    No 2022 Morgan and Peace Dollars: US Mint Suspends 2022 Coins Amid Shortage of Blanks

    Posted on March 31, 2022

    One of the most successful coin releases from the United States Mint in 2021 was the centennial celebration of the last Morgan Silver Dollar and the first Peace Silver Dollar. The United States Mint issued a total of six different Morgan and Peace Silver Dollars in 2021 to honor the 100th anniversary of these coins appearing together in 1921. The modern coins came with five options for the Morgan Dollar and a single Peace Dollar. Each coin was a .999 pure silver specimen with a weight of .858 Troy oz. The US Mint had planned to continue the release of these coins in 2022 with proof specimens but was forced to announce the program’s suspension for 2022 on March 14, 2022, amid a shortage of silver blanks.

    Supply and Demand Issues

    The ongoing effects of the COVID-19 pandemic and supply chain issues resulted in the US Mint’s decision to suspend the program in 2022. A shortage of available silver blanks to meet the expected demand for the coins was at the heart of the decision to skip the Morgan and Peace Dollars for the year.

    While supply was certainly one issue, the anticipated demand no doubt played a role in the mint’s decision to skip the 2022 Morgan and Peace Dollars. When the mint announced the planned mintages for the 2021 Morgan and Peace Dollars, the cap for each version of the Morgan Dollar was set at 175,000 coins and the Peace Dollar was set at 200,000. This meant the US Mint would need 1,075,000 silver blanks.

    Investors and collectors didn’t disappoint either. According to cumulative sales figures from the US Mint as of March 27, 2022, each of the 2021 Morgan Dollars nearly sold out, as did the 2021 Peace Dollar. The sales figures to date for all six coins are as follows:

    • 2021 Peace Dollar – 199,570
    • 2021 Morgan Dollar CC Privy – 173,787
    • 2021 Morgan Dollar O Privy – 173,640
    • 2021 Morgan Dollar No Privy/No Mint Mark – 174,573
    • 2021-S Morgan Dollar – 174,858
    • 2021-D Morgan Dollar – 174,699

    No 2022 Morgan and Peace Dollars, but Options Exist to Tide You Over

    While the United States Mint has suspended the 2022 Morgan and Peace Dollars, the mint was quick to point out that it is committed to continue offering modern versions of the Morgan Silver Dollar and Peace Silver Dollar for numismatists. US Mint Deputy Director Ventris C. Gibson did announce that the modern versions of the coins would return in 2023 as the US Mint was committed to the program’s future.

    In the meantime, you’ll find that JM Bullion still has options available featuring both of these beautiful, historic designs. Four of the five 2021 Morgan Dollars are still in stock with JM Bullion, with the 2021-S and the 2021 Peace Dollar both sold out. However, you can still get all six coins, including the 2021-S and the 2021 Peace Dollar, in our 2021 Morgan and Peace Dollar 6-Coin Sets.

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    JM Bullion’s Facebook page and weekly blog posts are a great way to stay up to date on all things precious metals. From in-depth looks at upcoming product releases to the latest news impacting the market, you can rely on JM Bullion. If you have any questions about our existing Morgan and Peace Dollar options, please call us at 800-276-6508. You can also chat with us live online or send us an email.

    All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.