The United States Mint has given collectors their first look at the newest entry in its modern Morgan and Peace Dollar program, and it comes with a finish nobody has seen on these coins before. The 2026-P Diamond Field Morgan and Peace Silver Dollar Two-Coin Set pairs both classic designs with a repeating diamond pattern covering the coins’ fields, standing in sharp contrast against the raised Liberty and eagle imagery. Both coins also carry a special 1776 ~ 2026 dual date and a Liberty Bell 250 privy mark, tying the release to the 250th anniversary of American independence.
This is the fourth two-coin set the Mint has produced pairing the Morgan and Peace dollars since relaunching the series, and it breaks from the reverse proof finish used in each of the previous three years in favor of the brand-new Diamond Field treatment. Struck at the Philadelphia Mint and bearing the P mint mark, the set arrives on the heels of two other 2026 semiquincentennial releases in the same series individual reverse proof dollars launched in July and the line’s first-ever enhanced uncirculated strikes launched in August making 2026 an unusually active year for Morgan and Peace dollar collectors.
Specifications at a Glance
| Detail | Description |
|---|---|
| Product | 2026-P Diamond Field Morgan and Peace Silver Dollar Two-Coin Set |
| Mint facility | Philadelphia (P mint mark) |
| Finish | Diamond Field (new finish, first use on this series) |
| Composition | 99.9% fine silver |
| Weight | 0.859 troy ounce (per coin) |
| Diameter | 38.10 mm (per coin) |
| Special date treatment | 1776 ~ 2026 dual date |
| Privy mark | Liberty Bell 250 (marking America’s 250th anniversary) |
| Packaging | Black presentation case with certificate of authenticity |
| Mintage/product limit | 160,000 sets |
| Household order limit | None |
| Price | $375 per set |
| On-sale date | November 12, 2026, at 12:00 p.m. ET |
| Subscriptions | Not currently available for this set |
Ordering and Buying Process
Ordering for the 2026-P Diamond Field Morgan and Peace Silver Dollar Set opens on November 12, 2026, at noon Eastern Time, directly through the U.S. Mint’s website. The set is priced at $375 and includes one Morgan dollar and one Peace dollar, both in the new Diamond Field finish, packaged together in a black presentation case with a certificate of authenticity.
Unlike many limited commemorative releases, this set carries no household order limit, meaning collectors are not restricted in how many sets they may purchase at launch though the Mint reserves the right to impose limits later if demand warrants it. Both the mintage limit and the product limit are set at 160,000 sets, matching the ceiling used for last year’s reverse proof set. Because the Mint typically caps sales once a stated mintage is reached, collectors who want to guarantee a set should plan to order at or shortly after the noon ET release time.
Subscription enrollment, which in past years has let collectors automatically receive each new Morgan and Peace dollar release, is not currently available for the 2026 Diamond Field set. Collectors who want it will need to place a direct order once sales open rather than relying on an existing subscription to deliver it automatically.
For order confirmation, product page details, and any updates to limits, collectors should check the Mint’s official Morgan and Peace dollar coin program page prior to and on the release date.
Historical Background: The Morgan Dollar
The Morgan dollar takes its name from George T. Morgan, a British-born engraver who joined the U.S. Mint as an assistant engraver in 1876 specifically to design a new silver dollar. His design debuted in 1878 and remained in production, with some interruptions, through 1904 driven largely by the Bland-Allison and Sherman Silver Purchase Acts, which required the Treasury to buy large quantities of domestic silver and coin it into dollars. A final, one-year revival struck in 1921 used leftover silver bullion and closed out the coin’s original run.
Historically, the Morgan dollar is closely tied to the American West: its silver came heavily from the Comstock Lode and other western mines, and the coin circulated widely during an era of westward expansion, railroad building, and industrial growth in the late 19th century. After decades out of production, the design returned in 2021 as part of the Mint’s 100th-anniversary tribute to the transition between the Morgan and Peace dollar designs, and it has remained an annual modern-era release ever since now produced in 99.9% fine silver rather than the original 90% silver alloy.
Historical Background: The Peace Dollar
The Peace dollar succeeded the Morgan dollar in December 1921 and was designed by Italian-American sculptor Anthony de Francisci. The coin was created specifically to commemorate the end of World War I and the restoration of peace among nations, making it one of the relatively few U.S. coins whose design theme was tied directly to a specific historical event rather than a general allegorical subject. It was struck from 1921 through 1928, then again briefly in 1934 and 1935, before production ended.
De Francisci reportedly used his wife, Teresa, as the model for Liberty’s profile on the obverse, and the coin’s reverse, showing a bald eagle at rest clutching an olive branch with the word PEACE beneath it, was considered a striking departure from the more militaristic eagle imagery common on earlier American coinage. Like the Morgan dollar, the Peace dollar was revived in 2021 as part of the modern silver dollar program and has been issued in 99.9% fine silver each year since, including the new Diamond Field version featured in this release.
Obverse and Reverse Design Details
Morgan Silver Dollar
Obverse: A left-facing profile portrait of Liberty, modeled in part on Philadelphia socialite Anna Willess Williams, wears a coronet inscribed LIBERTY and is surrounded by wheat, cotton, and other agricultural motifs in her hair a nod to America’s economic base at the time of the coin’s creation. Thirteen stars, representing the original colonies, arc around the upper rim, with the date positioned below Liberty’s portrait. On the 2026-P Diamond Field release, that date reads 1776 ~ 2026, and the Liberty Bell 250 privy mark appears in the coin’s field alongside the traditional design elements. Reverse: A bald eagle with wings outstretched stands above a wreath of laurel and oak, clutching arrows in one talon, evoking classic heraldic eagle imagery. UNITED STATES OF AMERICA arcs above the eagle, with E PLURIBUS UNUM on a ribbon just below it and ONE DOLLAR beneath the wreath. On the 2026 Diamond Field issue, the coin’s fields the flat background areas surrounding these raised design elements are covered in the new repeating diamond-pattern texture, distinguishing it visually from the mirrored or frosted fields used on prior finishes.
Peace Silver Dollar
Obverse: Liberty is shown in profile wearing a radiate crown, her hair windswept, evoking both classical allegory and a distinctly modern, post-war optimism compared to the more traditional Morgan portrait. LIBERTY appears above her, IN GOD WE TRUST is set into the design at lower left, and the date sits at the bottom of the coin rendered as 1776 ~ 2026 on this release, with the Liberty Bell 250 privy mark incorporated into the field. Reverse: A bald eagle at rest perches on a mountaintop or rocky outcrop, wings folded, clutching an olive branch and gazing toward a rising sun imagery chosen specifically to symbolize peace rather than conflict. UNITED STATES OF AMERICA arcs above, E PLURIBUS UNUM appears along the upper edge near the sun’s rays, ONE DOLLAR is set beneath the eagle, and the single word PEACE spans the base of the design. As on the Morgan dollar in this set, the coin’s fields carry the new Diamond Field texture rather than a traditional proof or reverse proof finish.
Why This Matters for Collectors
- A genuinely new finish on a beloved series. After three straight years of reverse proof two-coin sets, the Diamond Field treatment gives Morgan and Peace dollar collectors something visually distinct to pursue, rather than a repeat of a finish they may already own.
- A one-year-only date and privy mark. The 1776 ~ 2026 dual date and Liberty Bell 250 privy mark are specific to America’s Semiquincentennial year and will not appear on future Morgan or Peace dollar releases, giving this set built-in, permanent date exclusivity.
- A meaningfully lower mintage than some earlier sets in the run. At a 160,000-set limit, the 2026 release matches 2025’s reduced mintage but sits well below the 250,000-set ceiling used for the inaugural 2023 reverse proof set and actual sales of the last three annual sets have consistently landed below their stated caps, suggesting real scarcity rather than a routine sellout.
- No household order limit at launch. Collectors who want multiples, whether for personal collecting, gifting, or matching sets, won’t be constrained by a per-household cap the way they might be on other high-demand Mint products at least initially.
- Part of a broader 2026 storyline. This set follows the year’s individual reverse proof dollars and the series’ first-ever enhanced uncirculated strikes, meaning collectors assembling a complete 2026 Morgan and Peace dollar run have multiple finishes and mint marks to track across the year.
- Continued strength of the modern Morgan and Peace program. Since their 2021 revival, these coins have consistently drawn strong collector interest, and a novel finish tied to a milestone anniversary year is likely to sustain or increase that demand.
Quick-Reference Buying Guide
- Mark your calendar for November 12, 2026, at 12:00 p.m. ET that’s when ordering opens for the 2026-P Diamond Field Morgan and Peace Silver Dollar Set.
- Budget $375 per set, which includes one Morgan dollar and one Peace dollar in the new Diamond Field finish, plus the black presentation case and certificate of authenticity.
- Order directly through the U.S. Mint’s website rather than waiting for third-party retailers, since the Mint controls the initial release and mintage cap.
- Don’t wait too long after the release window opens. With a firm 160,000-set mintage and product limit and no subscription option in place, sets could sell out once that number is reached.
- Note that there’s no household order limit at launch, but be aware the Mint can add one at its discretion if demand is heavy, so ordering promptly is still the safer strategy.
- Skip the subscription route for this particular set it is not currently offered, so a direct order is the only way to secure one.
- Compare against the 2023–2025 reverse proof sets if you’re building a complete modern Morgan and Peace two-coin set run, since the Diamond Field finish is unique to 2026 and won’t be replicated in future releases.
- Watch for grading and secondary-market coverage from PCGS, NGC, and major auction houses in the weeks after release to track how the Diamond Field finish is received and how quickly the 160,000-set limit is reached.
