The United States Mint will open sales for the 2025 Morgan and 2025 Peace uncirculated dollars next week. The two coins, both minted in Philadelphia, will be available directly from the Mint at Noon Eastern, 9:00 AM Pacific on Thursday, July 10, 2025. Both coins will be priced at $91.00 each, the same as in 2024.
The uncirculated 2025 Morgan Dollar will have a production limit of 150,000, with a household purchase limit of 10 coins. Those same production and household limits are also in place for the 2025 Peace Dollar. Availability of both coins on July 10th is expected to be limited. This is, in large part, due to the high number of subscribers for each coin, as well as the substantially lower production limits this year. In 2024, production of both coins was at 275,000 each.
The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and minted from 1878 to 1904 and again in 1921. This iconic silver dollar represented the country’s westward expansion and industrial development in the late 19th century. The new Morgan Dollar was created using modern technology and historical assets from the U.S. Mint, and it has a beautiful, uncirculated finish.
In December 1921, Treasury Secretary Andrew Mellon approved the Peace Dollar design, replacing the Morgan Dollar and marking peace between the U.S. and Germany. Designed by renowned Italian-American Sculptor Anthony de Francisci (1887- 1964), the Peace Dollar symbolized the country’s coming of age as an international power while recognizing the sacrifices made by its citizens in World War I and celebrating victory and peace. Reintroduced in 2021, the Peace Dollar has a beautiful, uncirculated finish. The obverse (heads side) features Liberty in profile, a radiant crown on her head. Obverse inscriptions are “LIBERTY,” “IN GOD WE TRUST,” and the year of issuance. The reverse (tails) depicts an eagle at rest holding an olive branch above the inscription “PEACE.” Additional inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE DOLLAR.”
Since the Morgan and Peace Dollars were re-released in 2021, demand for these popular coins has remained high. Sales of all products made available by the United States Mint this year are expected to sell out quickly. Subscriptions to all five of the expected product releases this year are still available, and readers are encouraged to sign up to ensure they receive the Morgan and Peace Dollar products they wish to add to their collections.