U.S. Mint Launches 1776-2026 Reverse Proof Silver Dollars

Two classic silver dollars take on a Semiquincentennial look as the U.S. Mint releases its 1776 ~ 2026 Reverse Proof Morgan and Peace Silver Dollars today at noon ET.

Both coins carry the dual date 1776 ~ 2026 and a Liberty Bell “250” privy mark, anniversary features that have helped drive stronger collector interest in earlier Semiquincentennial releases.

They also continue the U.S. Mint’s modern Morgan and Peace Silver Dollar series but with several key changes from earlier reverse proof offerings. This year’s reverse proofs are being sold individually for the first time, instead of together in a two-coin set, and production moves to the Philadelphia Mint after prior editions were struck at the San Francisco Mint, giving each coin a “P” mint mark rather than the “S” used on earlier reverse proof issues.

The Morgan and Peace designs have been collector favorites for more than a century. The Morgan silver dollar was first issued in 1878 and remained in production through 1904 before returning for a final year in 1921. The Peace silver dollar debuted later that same year, commemorating the end of World War I, and was struck through 1928 before returning for a final run from 1934 to 1935.

Recognizing the enduring popularity and historical significance of these designs, the Mint reintroduced modern Morgan and Peace Silver Dollars in 2021 to mark the 100th anniversary of the transition from the Morgan dollar to the Peace dollar. Following a one-year hiatus in 2022, the program resumed in 2023 and has since become an annual fixture in the Mint’s numismatic lineup, with each year’s releases featuring a variety of collectible finishes.

1776 ~ 2026 Reverse Proof Morgan and Peace Silver Dollars contain 0.859 troy ounces of 99.9% fine silver per coin. Each is priced at $173, compared with last year’s two-coin set, which debuted at $215. The increase can be attributed in part to significant gains in the silver market over the past year as well as a broader increase in Mint pricing throughout its store. For additional perspective, the 2024 and 2025 sets remain available from the Mint but are now $375 each.

Each of today’s releases has a mintage limit of 250,000. For comparison, sales of recent issues stood at the following levels through July 5:

• 2025-S Morgan & Peace Silver Dollar Reverse Proof Set — 121,965
• 2024-S Morgan & Peace Silver Dollar Reverse Proof Set — 160,546
• 2023-S Morgan & Peace Silver Dollar Reverse Proof Set — 247,820

Morgan and Peace Silver Dollar Designs

To faithfully recreate the Morgan and Peace silver dollar designs for the modern era, the United States Mint combined historical research with advanced technology.

The obverse of the Morgan silver dollar features Liberty in profile wearing a Phrygian cap adorned with cotton blossoms and wheat, along with a crown bearing the inscription “LIBERTY.” Encircling the portrait are 13 stars and the inscription “E PLURIBUS UNUM.” Added for the Semiquincentennial are the dual date “1776 ~ 2026” and a Liberty Bell “250” privy mark.

The reverse depicts a heraldic eagle with outstretched wings clutching arrows and an olive branch, framed by a large wreath and accompanied by the inscriptions “UNITED STATES OF AMERICA,” “IN GOD WE TRVST” and “ONE DOLLAR.”

The obverse of the Peace silver dollar features Anthony de Francisci’s iconic portrait of Liberty in profile wearing a radiant crown, accompanied by the inscriptions “LIBERTY” and “IN GOD WE TRVST.” Added for the Semiquincentennial are the dual date “1776 ~ 2026” and a Liberty Bell “250” privy mark.

The reverse depicts a perched eagle resting on a rock while clutching an olive branch above the word “PEACE.” Surrounding the design are the inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM” and “ONE DOLLAR.”

Both showcase the Mint’s reverse proof finish noted for its polished, mirror-like design elements contrasted against frosted fields.

Morgan and Peace Silver Dollar Specifications

Ordering and Limits

1776 ~ 2026 Reverse Proof Morgan and Peace Dollars are available directly through the U.S. Mint’s silver dollar product page. As mentioned, each coin has a mintage limit of 250,000, and an initial household order limit of 10 per coin has been established.

Additional 2026 Morgan and Peace silver dollars are scheduled for release later this year, with enhanced uncirculated editions from the West Point Mint on Aug. 25 and a special two-coin set from the Philadelphia Mint this fall.