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US Mint Halts Production of 2022 Morgan Dollar and Peace Dollar Coins

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Designs of the 1921 Morgan and 1921 Peace Dollars

The US Mint has announced a pause in the production of the new Morgan and Peace dollar coins. The suspension of sales and production is a result of supply chain constraints brought on by the pandemic.

The Mint has stated previously that they have been having difficulty procuring silver planchets to meet demand and production needs.

US Mint Deputy Director Ventris C Gibson said “I want to ensure that our customers know,” she said, “that the modern renditions of the historic Morgan and Peace Silver Dollars will continue next year. Our goal is straightforward: to give our loyal customers the products they want and the service they deserve.”

The modern renditions of the Morgan and Peace Dollar Silver Coins were introduced in 2021. Demand for the modern coins has been very strong amongst investors and collectors.

These coins are minted with .858 troy ounces of .999 fine silver.

Learn more about the 2021 Morgan and Peace Dollar Silver Coin series and find the best prices with FindBullionPrices.com

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US Mint Clarifies Statement Regarding Global Silver Shortage

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The US Mint released a statement confirming a global shortage of silver after the website outages during the pre-sale of the 2021 Morgan Dollar commemorative coins.

“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.”

US Mint Press Release

This appears to be the first indication from a government agency acknowledging what many have been speculating for more than a year.

The lockdowns at the beginning of the COVID-19 pandemic forced the closure of many mines and the supply chains that turn raw ore into fine silver and gold. 

The shutdown of the mines and supply chains led to refineries scrambling for raw materials and mints running out of product to sell.

After some backlash, the US Mint has revised its statement about the shortage. 

“In more precise terms, the silver shortage being experienced by the United States Mint pertains only to the supply of silver blanks among suppliers to the U.S. Mint.”

US Mint Press Release

Silver blanks are manufactured for the US Mint by private mints. The US Mint didn’t specify which private mints were having issues supplying silver blanks. It has been documented previously that the US Mint has bought silver blanks from private mints such as Scottsdale Mint, Sunshine Minting, Coins’n’Things and other major industry players.

The US Mint has delayed the remaining pre-sales of the 2021 Morgan Dollars and 2021 Peace dollars. The prospective launch dates have yet to be announced.

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The Trap with the Golden Bait by Roman Booteen Now Available

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Roman Booteen's Trap Coin Hobo Nickel

The “Trap Coin”, designed and sculpted by Roman Booteen is a uniquely designed and carefully crafted “Hobo Nickel” in 2017. The coin’s unique spring loaded finger trap contraption has caught the attention of coin collectors and art collectors and many more.

Roman Booteen trap coin replica side view

The coin sold at auction for over $10,000 and The Heads or Tails Coin Company purchased the rights to reproduce the design, complete with the fully functional trap mechanism. The reproduction trap coin is now available for purchase. The reproduction is limited to only 999 replica coins.

The coin’s bezel, jaws and trap are cast from .925 Sterling Silver. The obverse of the coin features a Morgan Dollar that has been domed to hide the mechanism of the trap.

The reverse features a Mexican Dos Peso Gold Coin and the spring-loaded trap.

Roman Booteen's Trap Coin Hobo Nickel

Trap Coin-Features:

  • Authorized reproduction of Roman Booteen’s original Trap Coin produced by Heads or Tails Coins & Collectibles
  • Unique and fully functional trap mechanism
  • Bezel, Jaws & Trap cast from 20 grams of 925 silver
  • Limited to ONLY 999 replicas
  • Individually laser-etched with serial number
  • The coin arrives in a collector’s box with its certificate of authenticity
  • Bas-relief sculpture on a hobo nickel
  • Includes an original Morgan Dollar
  • Consists of the original Dos Pesos .0482 troy ounce gold coin

Design Highlights:

  • Unique and carefully crafted sculpting and functionality
  • Obverse: A domed Morgan Dollar, highlighting the iconic bald eagle
  • Reverse: 1945 Gold Dos Peso Coin, surrounded by a spring-loaded finger trap
  • The trap opens and becomes a part of the border work
  • Around the circumference of the coin, there is an inscription by Sir Walter Scott reads, “AURUM MULTO MAGIS ANIMAS PERDIDIT QUAM FERRUM CORPORA CECIDIT. “- Definition of the Inscription: “Gold has killed more souls than iron.”
  • The “Trap coin” makes an excellent gift for any coin or precious metals enthusiast, investor or collector.

Find the best prices the Trap Coin and for Roman Booteen Coins For Sale.

Buy the Trap Coin for the best price from a trusted and reputable bullion dealer.