2021 morgan peace silver dollar CC S O Privy Mark

US Mint Begins Release of 2021 Morgan And Peace Silver Dollars

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 MarkMay 24, 2021
2021 Morgan Dollar “CC” Privy MarkMay 24, 2021
2021 Morgan Dollar “S” MintJune 1, 2021
2021 Morgan Dollar “D” MintJune 1, 2021
2021 Morgan Dollar (No Mint Mark, Philadelphia P)June 7, 2021
2021 Peace Dollar (No Mint Mark, Philadelphia P)June 7, 2021
Release Schedule for 2021 Morgan and Peace Dollar Coins

*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!

Buy Gold and Silver

Will 2021 Silver Dollars Increase in Value?

Who knows!?

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!

Scottsdale Mint Bar 100 Troy Ounces

Bars vs. Rounds: What is the Best Way to Buy Bullion?

Some precious metal collectors prefer rounds and others swear by bars, but what makes one better than the other?

Rounds got their name from their round shape. They look like coins, but are usually bigger depending on the weight. (Coins usually refers to metal backed by a government for circulation.)

Bars are rectangular blocks of precious metals. Picture the classic image of bars of gold, although bars are made for copper, silver, and palladium as well.

Rounds

Pros of Buying Rounds:

Rounds often come with attractive and intricate designs. These designs and to the eye-appeal of the metal, and also add to the security of the coin. It is harder for forgers to replicate intricate designs.

Cons of Buying Rounds:

Although rounds are attractive, the extra work needed to design and polish the coins makes rounds more expensive to produce than bars. Rounds usually carry a premium over the spot price, thankfully, they will also sell for above spot.

Bars


100 Oz Silver Bars

from: Money Metals Exchange

Pros of Buying Bars:

The best part about bars is that it is a much cheaper way to buy silver in bulk (usually). The premiums on silver rounds drive the price up when buying in bulk.

Cons of Buying Rounds:

Rounds are fake fairly often. Since they are so expensive, I would make sure to purchase from reputable dealers.

Buyers Guide:

I would recommend choosing between bars and rounds based on how many ounces you are looking to buy. If you are buying a couple ounces of silver at a time, then I would buy rounds. For larger purchases, I would buy bars.

Here is what I would recommend for each weight:

Less Than 1/2 Oz: Bars


1 Gram Gold Bars

from: Money Metals Exchange
  • These are just adorable little bars. They are really cute, but carry huge premiums!

1/2 to 5 Oz: Rounds

  • 5 ounces is the cut off point for where I would decide between bars or rounds. A 5 ounce round is a very satisfying and hefty coin, whereas a 5oz bar feels lacking.

Greater than 5 Oz: Bars


10 Oz Gold Bars

from: Money Metals Exchange
  • Larger bars have a really satisfying feel and can be cheaper than buying that many ounces of rounds. Plus, bars are more compact for storing.

Final Thoughts

Of course, like any hobby, there is no right or wrong answer. Many people prefer one or the other just for the looks. Most people have a mix of both. Personally, I buy whatever is cheapest!

Interested in becoming a silver stacker? Read “What Is A Silverbug? How To Start Silver Stacking!”


How do you prefer to buy bullion, bars or rounds? Add a comment and vote in the poll below!

I’m an affiliate with Money Metals Exchange through Share-a-Sale. Any purchases made through links help support my site. Thanks!

Display Proof Set 1976 Bicentennial

Buying Guide for United States Mint Proof Sets

Proof sets were made by the US Mint specially for coin collectors to have coins in uncirculated, perfect condition. Proof coins are minted at the San Francisco mint, have a deeper strike, a mirror-like surface, and go through a more intensive quality control.

I have purchased many proof sets online, here is my guide to help you make the best purchases and get the best deals on proof sets.

Do Your Research

Proof sets made before 1999 are almost always a lot cheaper than sets made from 1999 to now. This is because 1999 was the start of the US State Quarters program.

Mint sets made from 1999 to now come with 4 more quarters than proof sets made in the decades before. Having more coins, and the desirability of the proof state quarters drove up the price of proof sets.

Building on that, proof sets minted from 2007-2016 have 4 or 5 dollar coins instead of 1. This raised the price on proof sets minted from 2007 to 2016.

Things that will increase the value of a proof set:

  • Silver Proof Sets
    • These sets include 90% silver quarters, dimes, and half dollars. They usually come in a sleek black box.
    • All quarters, dimes, and half dollars minted before 1965 are 90% silver.
  • Years With More Coins
    • 1999-Present: More quarters
    • 2009: Contains 4 Pennies, 5 dollar coins, and 6 quarters
    • 2007-2016: Presidential dollar coins
  • Reverse Proof Sets
    • A regular proof set has a mirror-like finish on the
Proof Vs. Reverse Proof Half Dollar 2018 Example
Proof Vs. Reverse Proof Half Dollar from US Mint
  • Included COA
    • COA is the Certificate of Authenticity. Helps verify the coins are genuine.
    • This is not super necessary to have, as proof coins are not often faked, but some collectors like to have it.
  • Errors!
    • Even though proof sets go through a quality control, they can still have errors. Proof set errors are usually more valuable than regular errors.
    • Look out for proof coins missing the “S” mint mark.
    • The 1952S Superbird Quarter is one of the more famous proof errors.
Superbird 1952S Quarter Close Up
1952S Superbird Quarter. Can you see the “S”?
Click Here To Read More.

Check Bulk Lots To Get Good Deals

For proof sets, eBay is one of my favorite ways to buy. You can get great deals on bulk proof sets on eBay. What is helpful about this is they are normally sold in sequential years.

For proof sets minted in 1998 or earlier I try to spend about $5-$10 each, although I have seen some sold for cheaper!

The 1964 proof set is more expensive because the dime, quarter, and half dollar included are 90% silver. The 1964 proof set currently goes for about $20-$30 online.

Check For Damage

Things to look out for:

  • Cracks in the case.
  • Toning on the coins.
  • Misaligned coins.

Cracks in the case are bad because they ruin the look of the case, and can lead to the coins toning. Some people like it when coins tone, but not all coin collectors do.

A coin can develop toning in a proof set that is not cracked, but it is good to check for signs of toning because it may mean there is a crack letting air into the case.

misaligned Proof set 1972
1972 Proof Set. Misaligned Penny and Half Dollar

Misaligned coins just don’t look as good when the set is being displayed. Not a huge deal, but can affect the value as it cannot be fixed without opening the set case.

Set A Budget And Stick To It.

I give this advice a lot because it is so important! Especially if you get caught up in the world of online coin auctions it can get very easy to slowly overspend your budget. Pick a number you are willing to spend on each proof set and stick with it.

Should you buy proof sets directly from the mint?

I received the advice to not buy proof sets directly from the mint. In general, I think this is good advice. Sets sold directly on the mint website are usually very expensive, as there is more excitement to get a mint set the year it is released.

Especially if you are not worried about having the original government packaging or the Certificate of Authenticity, you can get great deals on proof sets online!

That being said, make sure to check mintage numbers. Some specialty proof sets are released with smaller mintage numbers. These sets potentially gain value over their initial price. Reverse Proof American Silver Eagles are great examples of coins that sell out fast!

I personally love reverse proof sets and the innovation series dollar coins. I would pay a premium to have these sets as soon as possible. So it really depends on your budget and how YOU value each item!

Proof Set Colors

If you have bought older proof sets, you have probably noticed the colors of the packaging and background change through the years. Here is a breakdown of the colors used for proof sets and their packaging from 1967-1998:

  • 1967-1967: Dark blue box, dark blue background
  • 1968-1972: Blue sleeve, black background
  • 1973-1982: Black sleeve, red background (with display!)
  • 1983: Blue sleeve, dark blue background
  • 1984-1993: Purple sleeve and background
  • 1994-1998: Green sleeve and background

Great For Displaying: Proof Sets From 1973-1982

The US Mint had great packaging from 1973-1982 where the proof sets came in jet black sleeves and were in a display stand. It made proof sets very easy to show-off!

I’m giving these proof sets a special shout-out on this article because I think this was a really innovative idea from the US Mint. I would love to see more products with built in display capabilities.

American Silver Eagle Proof Coins

Gorgeous! Gorgeous! Gorgeous!

The American Silver Eagle has been America’s favorite design for decades. Combined with the smooth proof finish, these coins really pop.


Share your favorite proof set in the comments below!

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Scotttsdale Silver BARGAIN header

Bargain Bins: One of the Best Ways to Buy Silver Online

There are many different types of silver stackers just as there are many different reasons to start silver stacking. Many collectors spend a premium to buy higher quality bars. The premium is the price of a piece of silver above the spot price.

While buying attractive silver can be a fun way to get valuable art, if you want to have lots of silver, the premium adds up to a lot of money. If you buy silver with a 10% premium and spend $100, that means you will have only $90 worth of silver.

Now, some silver with high premiums retain their value, but not all of them do. Buying silver with high premiums is speculation because you are guessing that the silver will still retain the value above the spot price.

Someone looking to invest in silver should buy silver close to spot as well as nicer rounds. One of the best ways to buy silver is to look for silver in spare change or bargain prices online.

Bargain Bins

Money Metals exchange has a great bargain bin to attract customers. These aren’t the prettiest rounds or bars, they may have milk spots or patina’s, but it is a great way to get cheap silver.

Even a bar with a patina still retains its spot price. The spots do not affect the metal content.

In fact, some collectors look for older bars when purchasing. That older Engelhard bar in the featured image for the silver bargain bin deal would probably command a premium if sold online. Engelhard bars are very desirable to silver stackers.

The reason most online dealers like Money Metals Exchange can sell these items for cheaper is because it saves them time. Instead of creating a page to sell each bar of gold or silver they buy, they can sell them in lots for a small discount.

If you are a gold stacker, you are in luck, because there is also a bargain bin for gold! This could be gold that has been melted, holed, or scratched.


Bargain Bin Gold – .999+ Pure

from: Money Metals Exchange

Random Design Lots

Another great way to buy cheap silver online is to buy “random designs”. This is usually where companies get rid of overstock silver. I have used random lots to buy cheap silver and I received 6 beautiful looking Scottsdale Silver Lion rounds! (See the featured image at the top!)

Another fun aspect of buying silver this way is that it’s exciting to open the package when it comes in! It feels like Christmas getting a package and not knowing it’s contents.

Just looking at all this silver makes me want to put more in my stack!


How do you find cheap silver? Have you had good luck with these bargain lots before? Share your experience!

I am an affiliate of Money Metals Exchange, so I make a commission on any products purchased through links on my site. This helps keep my site updated regularly. Thank you for the support!

Silver Rounds Coming Out of Bag

What Is A Silverbug? How To Start Silver Stacking!

A silverbug is someone who collects silver usually in the form of bullion or old coins, but they may also collect silverware or jewelry.

There is a thriving “silverbug” community online where people like to post their silver stacks and recent purchases. Most silverbugs prefer to talk online for anonymity, since large amounts of silver would make them good targets for burglars.

How to become a silverbug?

Start buying silver! Here are some tips to be smart about buying silver when you are getting started.

No one knows how silver prices will change on any given day, but we can use historical data and confidence intervals to help make smarter silver purchases.


Sunshine Mint 5 Ounce Bar, .999 Pure Silver

from: Money Metals Exchange

The best way to buy silver is to dollar cost average. This means that you buy a bit of silver on a consistent basis with little thought to the price. This means you may pay more sometimes, but you are not stuck waiting for lows or trying to time the market.

What counts as a good price for you may be different than what someone else considers a reasonable price. Personally, silver under $20 feels like a great buy for me, and silver over $26 seems overpriced. How I feel may change with time.

A great way to get started is to look at deals for new customers. Many of these deals offer silver at spot! Here is a link to SD Bullion’s spot silver deal where you can get a 5 oz silver bar.

You can also buy bulk silver from Money Metals Exchange’s bargain bin where silver is offered with low premiums:

If you want to learn more about bargain silver bins, you can go to this article: “Bargain Bins: One of the Best Ways to Buy Silver Online”. In this article I discuss bargain bins and similar ways to buy cheaper silver online.

What silver do silverbugs buy?

There are many different ways of buying silver. A silverbug may collect bullion, old coins, silverware, jewelry, or anything else that contains silver.

Most silver collectors stick to bullion, because you can usually get more silver for a cheaper price. However, bullion is not just silver melted down into bars anymore. Many bars feature art on them!

These bars are very pretty, but usually sell for a premium over the spot price of silver. (Spot price is the current selling price of an ounce of silver. Getting silver at spot means it is a good deal.)

There are even silver bars meant to attract silver bugs! Here is the 2 oz Stag Beetle Silver Round from the Intaglio Mint that will be available in Spring 2021.

SD Bullion has a whole section of silver marketed towards self proclaimed ‘silverbugs’ you can check out that collection by clicking here.

Most silverbugs get started by buying silver close to spot price. For your first silver purchase, I would buy one to ten ounces and see how it makes you feel when you get the chance to hold it. I knew I loved silver once I got my first silver rounds in my hand.

What do silver collectors do with their silver?

Nothing!

Well, that’s not completely true. Silver is not a toy, so there is nothing to really do with it. Some people have what they call “fondle pieces” of silver which is silver they touch and play with in their hand. Much like Gollum with the one ring.

Silver gives many people a sense of safety, knowing that silver is historically a good store of value and a good hedge against inflation. Some silver stackers worry about the complete economic collapse of the dollar.

Is there a wrong way to invest in silver?

Some people may disagree with me, but there are definitely wrong ways to invest in silver. Unless you have no trust in the US dollar and global financial economy, you should be careful not to put too much money in silver.

Buying silver can be addicting! It is fun to watch your stack grow. But, it can start to take away from other more profitable investments. Make sure you are still investing into 401k’s and retirement accounts. Cryptocurrency is another way to diversify if you are worried about the stability of the US dollar.

Have good hiding spaces for your silver. You do not need a high end safe, even a diversion stash can will do. Find somewhere it is unlikely to be stolen from thieves, family, or friends.

Silver Terms And Definitions To Know:

  • Bullion – Gold, silver, or other precious metals kept for their value.
  • Bars – Silver melted into a bar shape. Think of a candy bar.
  • Rounds – Silver melted in the shape of a circle, similar to a coin.
  • Troy Ounce – A measurement used for precious metals. A troy ounce is 2.75 grams heavier than a regular ounce.
  • Spot – Refers to the “Spot Price”. This is the current buying price of silver.
  • Sterling Silver – A less pure form of silver. Contains 92.5% silver by weight.

Share a comment and vote in our poll below!

I’m an affiliate with SDBullion and Money Metals Exchange through Share-a-Sale. Any purchases made through links help support my site. Thanks!

Diversion Corn Can Safe Del Monte

Are Stash Cans Better Than A Safe For Storing Silver And Gold?

Stash cans are hollowed out cans meant to resemble household products. The idea is that a burglar is unlikely to check a can for a false bottom, so your stuff will be safer in a diversion stash can than in an actual safe.

Yes, a diversion stash canister can be safer than a safe box in the right conditions.

For example, the first safe I ever bought was a small SentrySafe:

While a SentrySafe may be good for organization or keeping my coins safe from small fires, if a thief saw this safe, they could easily pick it up and walk away with it! If anything, a small safe like this only draws attention to the fast that there are valuables inside.

There are other small safes with cords that can be attached to the wall, but a prepared burglar could easily cut through the cord.

The best part about a diversion can is that a thief is unlikely to check all the cans in your house for fakes. If you are smart enough to store your diversion can with real cans, it is unlikely to be found. Most burglars are only in a house for a few minutes looking for easy to grab valuables like TV’s and jewelry.

Best Diversion Cans for Storing Gold and Silver:

The two most important things to look for in a diversion can for gold and silver storage is how accurately it resembles the product it is meant to emulate, and if it can hold 1oz coins.

Below are my top picks of diversion safes. All have their strengths and drawbacks, but fit the criteria of looking accurate and being large enough for one ounce rounds of silver or gold.

Peanut Butter Stash Safe:

I like this Peanut Butter stash safe for its size and because it is weighted. This safe would be great for storing gold and silver because it could hold more than the average hollowed out Coke can.

The best part of this safe is the wide lid. You could fit your entire hand in this safe and easily get all of your gold, silver, and coins.

I wish it had a more recognizable brand, but it does look like a peanut butter jar from a discount store. The label even includes nutrition facts!

I think the size and quality of this safe are quite good. Someone scanning your pantry is unlikely to pick this out as a safe. Although, it may not be good for hiding valuables from anyone looking for a midnight snack 😉

Water Bottle Diversion Safe:

This Dasani Water Bottle Diversion Safe has some of the best reviews on Amazon.

It is wide enough to hold several 1oz rounds, but it is fairly short since most of it is filled with water. You could hold at least 5 or 6 single ounce rounds of silver in this can.

This canister definitely is the most realistic out of any of the diversion safes I found, unfortunately it is not very large. Luckily, you could purchase several of these Dasani water bottle diversion cans and it would create an even more realistic illusion.

The Classic Book Safe:

The book safe is a bit overdone, but can be effective. The problem with most book safes is that it is that many of them are poorly made. The best part about these book safes is that they use real paper instead of plastic. If someone quickly checked the sides of this book it would not be easy to tell it was fake.

Get a book for the cover that is usually large. The dictionary and Bible are too commonly hollowed out, so I would stay away from those for storage. I like the Les Mis option with this brand since Les Miserables is already a very large book.

You can also pick Pride and Prejudice or Alice in Wonderland, but since neither of those books are usually very large it may make the diversion safe stand out more than it should.

A Fake Vent Safe:

The fake vent certainly beats all the other safes in terms of size. This could store all your silver and gold and likely much more.

This safe does require installation, so make sure you have a spot in your house between two studs where this can fit. It may also be beneficial to put it behind a small shelf or nightstand to make it less visible.

Someone may be able to realize this vent is fake if they are looking closely enough, but since it requires a RFID card to open, they will be unable to open it without removing it from the wall or likely making a lot of noise.

The Corn Can Stash Safe:

This one is great cause you could easily grab 2 or 3 and keep them in the back of your pantry with some other corn cans and no one would ever know.

It is not weighted, but if you are storing heavy items like gold and silver, that is likely not an issue for you. You can put cloth or packing peanuts around your coins to prevent them from rattling in the can when lifted.

Unlike hollowed out Coke and Pringles cans, the corn can is easier to get your hand inside.


I hope this article was helpful! Leave a comment and vote in our poll below!

I am an Amazon Affiliate, so I earn a commission on sales made through my links. This does not increase the price of any item linked through my site. My main goal is to inform. Thank you for supporting my website!