The two most recognizable silver dollars in American history are being reissued side by side, and this time they share a birthday. On July 9, 2026, at noon Eastern, the United States Mint begins accepting orders for the 2026 Morgan Reverse Proof Silver Dollar and the 2026 Peace Reverse Proof Silver Dollar. Both belong to the annual Morgan and Peace dollar program the Mint revived in 2021, but the 2026 editions are set apart to mark the semiquincentennial of American independence.
Each coin carries the dual dates “1776 ~ 2026” and a Liberty Bell privy mark bearing the numeral “250,” the design device that ties both dollars to the 250th anniversary program running across the Mint’s 2026 lineup. Both are priced at $173, both are capped at a mintage limit of 250,000, and both come with a household order limit of 10 per product for the first 24 hours of sales.
Two designs, one anniversary
The Morgan and the Peace dollar were never contemporaries in circulation, because one replaced the other, but the Mint has chosen to release them together, each reinterpreted in the reverse proof finish, each anchored by the same Liberty Bell privy mark.
The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845 to 1925) and struck from 1878 to 1904, then revived for a single year in 1921. It is the coin most collectors picture when they picture a silver dollar: the workhorse of the western economy through the late nineteenth century, and the emblem of an expanding, industrializing nation.
The Peace Dollar, designed by Anthony de Francisci (1887 to 1964), arrived in 1921 to take the Morgan’s place and ran until 1935. Its name is not decoration. The design commemorated the peace between the United States and Germany that formally closed World War I, and it stood for a country stepping into a new role on the world stage while honoring what its citizens had sacrificed to get there. Reissued in 2021 for its own centennial, the Peace Dollar now returns for the nation’s.
Struck in Philadelphia, in reverse proof
Both 2026 dollars are struck at the Philadelphia Mint in 99.9% fine silver, each carrying the P mint mark and a classic reeded edge. The reverse proof finish inverts the usual proof relationship, setting frosted fields against mirrored, sharply cameoed devices, which suits these two long familiar designs by giving collectors a version they have not quite seen before.
The specifications are consistent across the pair: 0.859 troy ounce of silver, a diameter of 1.500 inches (38.10 mm), and the “250” Liberty Bell privy on each. Every coin is encapsulated and presented in an elegant blue box with a decorative sleeve and an accompanying Certificate of Authenticity.
How to buy, and the math on the limits
Orders open at noon Eastern on July 9. The household order limit is 10 per product option for the first 24 hours, and the production limit is 250,000 for each coin. Those two numbers are worth holding side by side. A quarter of a million pieces is not a low mintage by anniversary issue standards, but a cap of ten per household that lifts after 24 hours is the Mint’s way of spreading the opening allocation across as many collectors as possible. Buyers who want to be at the front of the line can sign up for “Remind Me” alerts on each individual product page ahead of the sale date.
What it means for collectors
For anyone building the semiquincentennial set, these are two of its centerpiece pieces: the Morgan and the Peace, the bookends of the classic silver dollar era, brought back together under a single anniversary mark. For collectors who already own vintage examples of both, the appeal is the finish and the privy, a reverse proof treatment and a “250” Liberty Bell that will only ever appear on coins dated 2026. Either way, July 9 at noon is the moment that matters, and the first twenty-four hours are the part to watch.
