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Household Limits Reduced for U.S. Mint Silver Dollar Release

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EDITOR NOTE: The rise in gold and silver buying during the pandemic left the US Mint short in supply, unable to fulfill orders into the beginning of 2021. “Pandemic buying” some call it. It’s more like inflation buying, and it is once again beginning to ramp up as a large majority of companies in Q1 of this year reported the impact that input costs will have on their pricing decisions in the coming quarters--attesting to the fact that, yes, inflation is here (and it may not be as transitory as the Fed claims). Anticipating a potential tsunami of demand, the Mint’s ordering limits are expected to tighten. And we’re seeing that now, with the 2021 Morgan and Peace Silver Dollar, whose ordering limits have been reduced from 25 to only 10. Here’s the interesting thing: despite the shortage, silver coins demand was up only 28% in 2020 as compared with gold’s 258%. This means two things: first, silver has a lot of room to grow to catch up with gold’s run; and second, there isn’t enough silver to match that level of demand. The outcome will be a significant rise in silver bullion prices. Now’s the ideal time to accumulate silver, before its next leg up.

The United States Mint reduced the household ordering limits to 10 each for their six upcoming products which celebrate the 100th anniversary of the production transition from Morgan dollars to Peace dollars.

The U.S. Mint earlier released images and sales information regarding the centennial 2021 Morgan and Peace Silver Dollars. At that time, household order limits were set at 25 coins per household.

Pre-orders open in May and June for the six anniversary products — five 2021 Morgan Silver Dollars and one 2021 Peace Silver Dollar. Each is priced at $85. The Morgan dollar products are limited to 175,000 each while the Peace dollar is capped at 200,000.

U.S. Mint 2021 Morgan Silver Dollar

U.S. Mint images of a 2021 Morgan Silver Dollar

Each of the products will have a two week pre-sales window.

Pre-ordering opens May 24 for the privy marked ‘CC’ and ‘O’ 2021 Morgan dollars which pay homage to the historic minting facilities in Carson City and New Orleans.

Pre-sales for the Denver (‘D’) and San Francisco (‘S’) mint-marked Morgan dollars open June 1.

Pre-ordering for the no mint-marked Morgan dollar from Philadelphia starts June 7.

Pre-sales for the no mint-marked Peace dollar from Philadelphia begins June 7.

The dollars are expected to begin shipping in October.

U.S. Mint 2021 Peace Silver Dollar

U.S. Mint image of a 2021 Peace Silver Dollar

Original post from CoinNews

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