Today was the first day of pre-ordering for the 2021 Morgan and Peace Silver Dollars. At 12PM Eastern Time, the US Mint opened two of the 2021 Morgan Dollars.
The first one to sell out was the 2021 Morgan with a “CC” Privy Mark honoring the Carson City Mint. This Morgan Dollar was not minted in Carson City, but in Philadelphia.
The other coin released today was another Morgan Silver Dollar with an “O” Privy Mark to honor the New Orleans Mint.
Why did the Carson City Mint Dollar Coin sell out first?
Carson City coins are especially rare since the mint was only sporadically open for operation. The mint produced coins from 1870-1885 and from 1889-1893. The Carson City Morgan silver dollar is the first coin minted with a “CC” mark in 128 years.
Keep in mind though, this coin was not minted in Carson City, but minted in Philadelphia and has a privy mark for Carson City. (Also remember that most coins made in Philadelphia have no mint mark.)
Can I still get 2021 Morgan Silver Dollars?
Yes! Here is the release schedule for 2021 Morgan Dollars: Here was the intended release of the 2021 Dollar coins:
|2021 Morgan Dollar “O” Privy Mark||May 24, 2021|
|2021 Morgan Dollar “CC” Privy Mark||May 24, 2021|
|2021 Morgan Dollar “S” Mint||June 1, 2021|
|2021 Morgan Dollar “D” Mint||June 1, 2021|
|2021 Morgan Dollar (No Mint Mark, Philadelphia P)||June 7, 2021|
|2021 Peace Dollar (No Mint Mark, Philadelphia P)||June 7, 2021|
*UPDATE*: Read the update below! The US Mint has delayed the pre-orders for the upcoming Morgan and Peace silver dollars!
If you missed the release, don’t worry because you can always try on eBay or another third party seller. Check in with your local coin store to see if they managed to get some to sell.
I expect the two most popular of the series will be the “CC” mint mark and the “S” mint. If you want to order either of those, make sure to be on the website as soon as pre-ordering becomes available to ensure you can grab one.
What is the difference between a mint mark and a privy mark?
A mint mark indicates where a coin was minted, meaning where the coin was produced. A privy mark is meant to honor a certain time or place in history. We call these different names because mint marks help keep track of where coins were from and potential errors.
Privy marks, on the other hand, hold sentimental value and can increase the value of the coin. They do not tell you where a coin was produced or when.
US Mint website keep crashing when trying to buy or pre-order?
If you have tried to buy coins from the US Mint the day they are released you have probably felt the frustration of trying to checkout and having the session timeout due to problems connecting or a “bad gateway” error. These are due to the US Mint website servers not being able to handle the number of people ordering all at once.
Here are my tips to ensure a successful pre-order from USMint.gov:
- Be ready on time.
- Coins sell out fast so make sure to be ready as soon as they become available.
- Have your payment information saved.
- By creating an account and saving your payment information, you can save time by not having to input your full address and credit card whenever the server times out.
- Ask friends to help.
- More people trying increases your odds of getting a coin from pre-ordering. Of course, you may end up with more than one, so make sure you can afford to buy more than one if both you and your friend make it to checkout.
- Keep trying!
- It took me 23 minutes before I could get my order into the United States Mint to order the 2021 “O” Morgan Silver Dollar. Thankfully I kept trying, because I was very worried after 15 minutes. Keep refreshing until it says they are sold out!
Other than that, it is mostly luck! Keep your lucky penny or pocket piece handy!
Will 2021 Silver Dollars Increase in Value?
Unfortunately, this will depend not only on the price of silver, but investor interest and scarcity. The mint made 175,000 of each Morgan Silver Dollar and 200,000 of the 2021 Peace Dollars. Although a fairly low mintage, it is nowhere near the scarcest the mint has produced.
Many numismatists I have seen have predicted a short term price increase ranging from $100-$400, and then a stabilizing over the next 3 years as the collector frenzy wanes.
Overall, I wouldn’t purchase a 2021 Silver Dollar if your goal is to profit in a time frame greater than one year. Buy one because you enjoy them and want to be part of the first people to get one!
Those who buy directly from the mint and resell on eBay immediately will probably make a decent profit as collectors experience FOMO due to the perceived scarcity.
Why is there a charge of $4.95 from the US Mint on my card?
You may be surprised to see a charge on your bank statement for $4.95 from the US Mint. Don’t be alarmed!
It will say “Purchase US Min Coin Washington DC Card####” Merchant Name: US Mint Sales-DR.
The US Mint is not charging you extra nor did they charge you the wrong price for the Silver dollars. $4.95 is simply the cost of the US Mint’s budget shipping option. You may see a larger charge from the US Mint depending on what type of shipping you selected at checkout.
Remember, the coins are currently being listed for pre-order, meaning they are not being purchased when you complete your payment. You have simply ordered one from the mint to be shipped to your address once the coins become available.
Update May 27th:
The US mint released an email today announcing that they would delay future pre-orders in order to improve their website. Read the full email here:
Dear Valued Customer,
The United States Mint is committed to providing the best possible online experience to its customers. The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint during the initial product release of numismatic items. Most recently in the pre-order window for 2021 Morgan Dollar with Carson City privy mark (21XC) and New Orleans privy mark (21XD), the extraordinary volume of web traffic caused significant numbers of Mint customers to experience website anomalies that resulted in their inability to complete transactions.
In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 (Morgan Dollars struck at Denver (21XG) and San Francisco (21XF)) and June 7 (Morgan Dollar struck at Philadelphia (21XE) and the Peace Dollar (21XH)). While inconvenient to many, this deliberate delay will give the Mint the time necessary to obtain web traffic management tools to enhance the user experience. As the demand for silver remains greater than the supply, the reality is such that not everyone will be able to purchase a coin. However, we are confident that during the postponement, we will be able to greatly improve on our ability to deliver the utmost positive U.S. Mint experience that our customers deserve. We will announce revised pre-order launch dates as soon as possible.
Thank you for a being a United States Mint customer.
Did you manage to get one? Share your story of the US Mint website crashing in the comments below!