The U.S. Mint has given collectors their first real look at the next chapter in its modern Morgan and Peace Dollar program, and it comes with a finish nobody has seen on these designs before. The 2026-P Diamond Field Morgan and Peace Silver Dollar Set covers both coins’ fields in a repeating diamond pattern that sets off their raised classic designs in a way no prior release in the series has attempted. Paired with a 1776–2026 dual date and a one-year-only Liberty Bell 250 privy mark honoring the 250th anniversary of American independence, the set adds a genuinely new visual treatment to two of the most collected silver dollar designs in American history.
This is also the fourth two-coin set to pair the Morgan and Peace dollars since the Mint relaunched the program, following three consecutive reverse proof sets from the San Francisco Mint in 2023, 2024, and 2025. The 2026 edition breaks that streak in two ways: it moves production to the Philadelphia Mint, and it swaps the reverse proof finish entirely for the new Diamond Field treatment. Below, you’ll find full specifications, the complete ordering process, the history behind both classic designs, a close look at the coins themselves, and what this release means for collectors following the series.
Specifications at a Glance
| Detail | Information |
|---|---|
| Product | 2026-P Diamond Field Morgan and Peace Silver Dollar Two-Coin Set |
| Mint | Philadelphia |
| Mint mark | P (on both coins) |
| Dates | Dual-dated 1776 ~ 2026 |
| Special mark | Liberty Bell 250 privy mark, marking the Semiquincentennial |
| Finish | Diamond Field (new to the series) — repeating diamond pattern across the fields, contrasting with the raised design elements |
| Composition | 99.9% silver |
| Weight (each coin) | 0.859 troy oz |
| Diameter (each coin) | 38.10 mm |
| Packaging | Black presentation case with certificate of authenticity |
| Price | $375 per two-coin set |
| Mintage limit | 160,000 sets |
| Product limit | 160,000 sets |
| Household order limit | None |
| Order date | November 12, 2026, 12:00 p.m. ET |
| Subscription availability | Currently unavailable for this product |
For context, the prior three two-coin reverse proof sets carried mintage limits of 250,000 (2023), 262,500 (2024), and 160,000 (2025), with most recently reported sales of 247,820, 160,739, and 122,720 sets respectively. The 2026 Diamond Field set matches last year’s 160,000-set limit while introducing an entirely new finish in place of the reverse proof treatment.
How to Order the 2026-P Diamond Field Set
Order date and time. Sales open November 12, 2026, at 12:00 p.m. (noon) Eastern Time, exclusively through the U.S. Mint’s official ordering channels.
Price. The set is priced at $375, covering both the Morgan and Peace dollar together in their presentation packaging.
Limits. The Mint lists both a mintage limit and a product limit of 160,000 sets meaning the entire production run is dedicated to this specific two-coin product, with no separate allocation split across other formats. Notably, there is no household order limit on this release, a departure from some other 2026 Semiquincentennial-era Mint products that have imposed purchase caps, at least temporarily, at launch.
Subscriptions. Collectors who rely on the Mint’s subscription program to automatically receive new releases should note that subscriptions covering this product are currently unavailable, meaning interested buyers will need to place an individual order rather than relying on an automatic shipment.
Where this fits in the broader 2026 rollout. This Diamond Field set is the latest in a series of releases the Mint has issued this year under the modern Morgan and Peace Dollar program. The Mint launched individual reverse proof versions of both dollars on July 9, 2026, both struck at Philadelphia with P mint marks. Those were followed on August 25, 2026, by the first enhanced uncirculated Morgan and Peace dollars in the modern series, struck at the West Point Mint but carrying no mint mark. As of September 7, 2026, sales of the reverse proof coins stood at 161,304 Morgan dollars and 146,292 Peace dollars, while the enhanced uncirculated issues had reached 100,461 Morgan dollars and 92,804 Peace dollars. The Diamond Field two-coin set represents a distinct product from all of these collectors who already purchased the individual reverse proof or enhanced uncirculated coins will still need to place a separate order for this set if they want the new finish.
As always, terms can change. Like any Mint product, pricing, limits, and availability remain subject to adjustment at the Mint’s discretion, so collectors planning to order should confirm current terms directly on the Mint’s website close to the November 12 launch.
Historical Background
The Morgan Dollar: Born From Silver Politics
The Morgan Dollar takes its name from George T. Morgan, who was serving as Assistant Engraver at the U.S. Mint when he designed the coin. First struck in 1878, the Morgan Dollar emerged directly from the Bland-Allison Act, which required the Treasury to purchase large quantities of domestic silver and coin it into silver dollars a piece of silver-industry-driven legislation that shaped the coin’s very existence. The design continued, with interruptions, through 1904 and then again for a single additional year in 1921, making it one of the defining silver dollars of the late 19th and early 20th centuries. Numismatically, the Morgan Dollar has long symbolized America’s westward expansion, its silver-mining industry, and the country’s industrial growth during the Gilded Age.
The Peace Dollar: A Coin Named for the End of a War
The Peace Dollar picked up the silver dollar torch in 1921, the same year Morgan Dollar production briefly resumed, and continued through 1935 (with a brief 1964-dated production attempt that was ultimately never released into circulation). Sculptor Anthony de Francisci designed the coin specifically to commemorate the peace following World War I, giving the series its name and its distinctly different tone from the Morgan Dollar it succeeded. Where the Morgan Dollar reflects a nation building itself up through industry and westward growth, the Peace Dollar reflects a nation stepping onto the world stage in the aftermath of a global conflict.
The Modern Revival
The Mint relaunched both designs as a modern commemorative program in 2021, marking the 100th anniversary of the historic 1921 handoff between the two series the same year Morgan Dollar production ended and Peace Dollar production began. That relaunch proved immediately popular with collectors, and the Mint has continued expanding the modern program in the years since, adding new finishes, mint locations, and special editions. The 2026 releases fold this ongoing modern series into the nation’s broader Semiquincentennial celebrations, marking 250 years of American independence with the dual 1776–2026 date and the Liberty Bell 250 privy mark that appears across this year’s Morgan and Peace dollar products.
Obverse and Reverse: What the Diamond Field Treatment Actually Looks Like
Shared finish concept. Both coins in this set use the new Diamond Field treatment, a repeating diamond pattern applied across the coins’ background fields. This textured field contrasts visually against the coins’ raised design elements the portraits, eagles, and lettering creating a more dramatic play of light and texture than the mirror-and-frost contrast collectors are used to seeing on reverse proof issues, or the satiny consistency of an enhanced uncirculated strike.
Morgan Dollar obverse. The design retains George T. Morgan’s classic Liberty portrait in profile, wearing a Phrygian-style cap adorned with wheat, cotton, and other American agricultural imagery, with LIBERTY arcing above and stars surrounding the portrait. On the 2026 issue, the diamond-patterned field surrounds this familiar profile, while the dual date 1776 ~ 2026 and the Liberty Bell 250 privy mark appear as part of this year’s Semiquincentennial treatment.
Morgan Dollar reverse. Morgan’s reverse presents a heraldic eagle with outstretched wings, clutching arrows and an olive branch, encircled by a wreath and the denomination and national legends. As with the obverse, the diamond field treatment covers the background, setting the eagle and lettering in sharper visual relief than a traditional finish would provide.
Peace Dollar obverse. Anthony de Francisci’s design shows a left-facing Liberty portrait wearing a radiate crown, evoking the dawn of a new, peaceful era following World War I. LIBERTY arcs above the portrait, with the date positioned below. The Diamond Field finish gives this year’s rendition of the design a textured backdrop distinct from any prior Peace Dollar reissue.
Peace Dollar reverse. The reverse depicts a bald eagle at rest on a mountain crag, clutching an olive branch, with the word PEACE inscribed below the design element that gave the coin its name. The rising sun behind the eagle reinforces the coin’s original commemorative message of a nation emerging into a peaceful new period. Here too, the diamond-patterned field distinguishes the 2026 issue from every previous strike of this reverse.
Packaging. Both coins ship together in a black presentation case accompanied by a certificate of authenticity, consistent with the Mint’s typical treatment for premium two-coin commemorative sets.
Why This Matters for Collectors
A genuinely new finish in a well-established modern series. After three straight years of reverse proof two-coin sets from San Francisco, the Diamond Field treatment gives collectors something visually distinct to pursue a real design variation rather than a simple repeat of prior years’ format with a new date.
A meaningful mint-location shift. Moving production to the Philadelphia Mint for this particular two-coin set separates it visually and historically from the San Francisco-struck reverse proof sets that preceded it, adding a point of interest for collectors who track mint-specific issues within the broader modern Morgan and Peace program.
Strong historical weight behind both designs. The Morgan and Peace dollars already rank among the most widely collected silver dollar series in American numismatics, and this release ties both designs directly to the nation’s 250th anniversary through the dual date and Liberty Bell 250 privy mark a combination unlikely to repeat in future years.
A comparable mintage to last year’s strong-selling set. With a 160,000-set mintage and product limit matching the well-received 2025 reverse proof set, collectors have a useful benchmark for gauging how quickly this release might sell out once ordering opens.
No household order limit a double-edged consideration. The absence of a purchase cap means collectors won’t be restricted to a small quantity at launch, but it also means the set could sell through more quickly to larger-volume buyers than a capped release would allow, which is worth factoring into any decision about ordering right at the November 12 launch versus waiting.
Quick-Reference Buying Guide
- Mark your calendar for November 12, 2026, at 12:00 p.m. ET, when ordering opens exclusively through the U.S. Mint’s official website.
- Have your Mint account ready in advance. Creating or logging into your U.S. Mint account ahead of the launch avoids losing time during the order window on a product with real demand potential.
- Budget for $375 per set, plus any applicable shipping, and confirm current pricing directly on the Mint’s site close to launch since terms can change.
- Don’t rely on a subscription for this release. Subscriptions are currently unavailable for this specific product, so you’ll need to place an individual order.
- Order promptly if you want one. With no household order limit and a 160,000-set cap matching last year’s well-selling reverse proof set, this release has real potential to sell out relatively quickly after launch.
- Decide whether you also want the reverse proof or enhanced uncirculated versions. This Diamond Field set is a separate product from the individually sold reverse proof (released July 9) and enhanced uncirculated (released August 25) coins owning one doesn’t include the others.
- Inspect your set upon arrival for the diamond field pattern’s consistency, the dual date, and the Liberty Bell 250 privy mark, and retain the certificate of authenticity with your set.
- Watch the U.S. Mint’s official product page for Morgan and Peace dollar coins for any updates on pricing, limits, or availability as the November 12 launch approaches.
This article covers an upcoming U.S. Mint product announcement. Pricing, mintage limits, and availability are current as of this writing but remain subject to change at the Mint’s discretion; collectors should confirm final details directly on the U.S. Mint’s official website before ordering.
