Post a Comment Print Share on Facebook
Featured Bitcoin

Mint officials postpone offerings of 2021 Morgan, Peace dollars

Difficulties that many collectors experienced online May 24 attempting to order privy-marked examples of 2 limited-edition 2021 Morgan bucks forced the country's coin agency to delay the release of three additional 2021 Morgan bucks and one 2021 Peace dollar.

- 4 reads.

Mint officials postpone offerings of 2021 Morgan, Peace dollars

Additionally delayed are the projected releases of the Philadelphia Mint-struck 2021 Morgan dollar and 2021 Peace dollar, both initially slated for sale June 7.

The launch of the remaining four 2021 silver dollars are delayed indefinitely.

Confusing statement
The first May 28 statement from the Mint left collectors perplexed. This level of need is felt most acutely by the Mint through the first product launch of numismatic products." But some collectors questioned the"global shortage of silver" reference.

Mint officials issued a remark on June 2, which read:"At a message published Friday, May 28, we made reference to a worldwide shortage of silver. In more precise terms, the silver shortage being experienced by the United States Mint regards only to the supply of silver imports one of suppliers into the U.S. Mint."

The original statement addressed issues Mint customers experienced during the very first revenue offerings:"Most recently in the pre-order window for 2021 Morgan silver dollars with Carson City privy markers and New Orleans privy mark, the extraordinary quantity of internet traffic caused significant amounts of Mint clients to experience website anomalies that resulted in their inability to complete transactions."

Those website anomalies triggered the indefinite postponement of the remaining 2021 silver dollars.

"In the pursuit of properly rectifying the circumstance, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 and June 7," according to U.S. Mint officials. "While adapting to most, this deliberate delay provides the Mint time required to obtain traffic management tools to enhance the user experience."

The original statement (nevertheless wrought silver supply shortages) added:"As the demand for silver remains greater than the supply, the reality is such that not everybody will have the ability to purchase a coin. But, we're confident that throughout the postponement, we'll have the ability to greatly improve on our capacity to supply the utmost positive U.S. Mint experience that our customers deserve.

"We will announce revised pre-order launch dates whenever possible."

The May 24 pre-order launch observed the issue of 2 person 2021 Morgan dollars bearing privy marks recognizing the Carson City and New Orleans Mints.

The 2021 silver bucks indicate the transition out of manufacturing in 1921 of the Morgan dollar to the Peace dollar.

The coins are not considered commemorative coins, but they have been authorized by congressional laws. Mint officials indicated some of the silver dollars could be hit in 2022 and afterwards, since the consent allows.

Limited mintages
All of the Morgan dollars have a predetermined maximum release of 175,000 coins each, with the 2021 Peace dollar to be issued using a limitation of 200,000 coins.

As of the U.S. Mint's May 30 sales report, 174,235 of those 2021 Morgan dollars with CC privy markers were listed marketed, as were 174,325 of those 2021 Morgan dollars with the O privy mark.

The silver bucks are daunted by the Mint for $85 each.

May 24 also undergone the return of sequence shooting on the Mint's toll-free 800 order line, suspended since March 13, 2020, due to adjustments made for COVID-19 concerns.

Collectors also reported problems placing telephone requests.

PFSWeb monitors the U.S. Mint's site and telephone ordering functions under a 10-year, $599 million contract awarded in October 2014.

Since the launch of an entirely new website, collectors have struck increased difficulty placing orders for limited edition goods with greater demand.

For the May 24, 2021, pre-order for the two privy-marked Morgan bucks, the U.S. Mint reduced the maximum household order limitation to 10 coins per product choice, from an initially stated ceiling of 25 coins.

Some collectors and traders reported social networking platforms being successful in placing orders for the maximum 10 of each coin option for the privy-marked coins, although they reported no interest in collecting themonly searching for profit-taking.

Originally, the Mint site suggested the privy-marked coins wouldn't be sent until sometime in October, later changing the date to June 13, and then revising the date to October again.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.