The decision by United States Mint officials to postpone sales of the projected second and third issues of their 2021 Morgan dollars and single offering of the 2021 Peace dollar don’t, in the minds of millions of collectors, address the main problems with the application — that the Mint is striking too some of the coins as well as the household limits continue to be too high in 10 coins.
The very first purchase, ran May 24 for its privy-marked pieces celebrating the prior New Orleans and Carson City Mints, resulted in an overwhelmed site and telephone system, and also a”sellout” in under half an hour.
Mint officials must be applauded for reopening the telephone order for the May 24 earnings after that service was shut down in early 2020 in reaction to COVID-19 pandemic restrictions. Many elderly collectors lack access to computers and had been shut out of popular apps for more than a year.
Officials are also doing the right thing in attempting to address technical issues experienced on May 24 by many customers.
Nevertheless, demand will outstrip supply unless the Mint will expand its contractor foundation to obtain greater of the silver planchets needed to hit the coins.
The merchandise limits of 175,000 bits for every Morgan dollar and 200,000 coins to the Peace dollar are woefully short of what the Mint can market. The Morgan dollar is among the most popular U.S. coins string with collectors, along with the Peace buck isn’t much behind in collector popularity. Just like with all the 2016 Winged Liberty Head gold dime, which also sold out in a brief period of time, customer demand surpassed provides, frustrating collectors who wanted to bring the contemporary tribute coins for their collections of the first series.
We understand that determining requirement for a future coin merchandise is tough. Strike too many and collectors complain that their purchases don’t increase in value. Strike too few and collectors get angry when they don’t acquire one.
We look forward to the postponed programs, and hope that the Mint gets them this moment.