The US Mint has revealed the 2026-P Diamond Field Morgan and Peace Silver Dollar Set, confirming details that collectors have been speculating about since the product was first announced. The set goes on sale November 12 at noon ET, priced at $375, with a 160,000-set mintage limit and no household order cap. It is the fourth two-coin Morgan and Peace set the Mint has offered, and the third Morgan and Peace silver dollar product of the semiquincentennial year, following the Reverse Proof coins in July and the Enhanced Uncirculated coins in August.
The big news is the finish. The “Diamond Field” treatment covers the coin fields with a repeating diamond pattern that contrasts against the raised design elements. It is a distinct finish from the mirror fields of a standard proof or the frosted fields of a reverse proof, and it has never appeared on a Morgan or Peace dollar before.
Full Specs
Both coins are struck at the Philadelphia Mint with P mint marks. Like every Morgan and Peace dollar in the modern series, each is 99.9% silver, weighs 0.859 troy ounce, and measures 38.10mm in diameter. Both carry the 1776~2026 dual date and the Liberty Bell 250 privy mark that has appeared on all semiquincentennial silver dollars this year.
The set ships in a black presentation case with a certificate of authenticity.
| Detail | Specification |
|---|---|
| Product | 2026-P Diamond Field Morgan and Peace Silver Dollar Set |
| Finish | Diamond Field (textured diamond pattern in fields) |
| Mint | Philadelphia (P mint mark) |
| Composition | 99.9% silver |
| Weight | 0.859 troy oz per coin |
| Diameter | 38.10 mm |
| Privy Mark | Liberty Bell 250 |
| Dates | 1776~2026 dual date |
| Price | $375 per set |
| Mintage / Product Limit | 160,000 sets |
| Household Limit | None |
| Sale Date | November 12, 2026, noon ET |
| Subscriptions | Currently unavailable |
The Diamond Field Finish
Weeks of collector speculation about a textured or patterned field turned out to be correct. The Mint’s product video, released before today’s official images, showed what looked like a diamond pattern in the fields, and some collectors called it early. The confirmed “Diamond Field” name describes exactly what it is: a repeating geometric diamond pattern across the flat field areas of both coins, creating a visual contrast against the traditionally sculpted design elements of the Morgan and Peace dollar reverses and obverses.
This makes 2026 the most varied year in the modern Morgan and Peace program’s history. Three releases, three distinct finishes (Reverse Proof, Enhanced Uncirculated, Diamond Field), and coins from two mints (Philadelphia and West Point). No prior year has offered more than one finish.
How the Price Compares Across 2026 Releases
The cost per coin tells a clearer story than the set price alone.
| Release | Date | Price | Coins | Cost/Coin | Finish | Mint |
|---|---|---|---|---|---|---|
| Reverse Proof | July 9 | $173 each | 1 | $173 | Reverse Proof | Philadelphia |
| Enhanced Uncirculated | Aug 25 | $169 each | 1 | $169 | Enhanced Unc. | West Point |
| Diamond Field Set | Nov 12 | $375/set | 2 | $187.50 | Diamond Field | Philadelphia |
At $187.50 per coin, the Diamond Field set carries an 8% to 11% premium over the individual coins from July and August. For a one-year-only finish that has never appeared on a silver dollar, that premium is modest by Mint standards.
Sales Data From Prior 2026 Releases
Through September 7, the two earlier 2026 Morgan and Peace releases show solid but not runaway demand:
Reverse Proof (July 9): 161,304 Morgan dollars and 146,292 Peace dollars sold. Combined, that is 307,596 coins. The Morgan has consistently outsold the Peace by roughly 10% across the program, and 2026 is no exception.
Enhanced Uncirculated (August 25): 100,461 Morgan dollars and 92,804 Peace dollars sold. At 193,265 combined coins in less than two weeks, the pace is strong for a first-ever finish in the series.
Two-Coin Set Sales History
The Diamond Field set is the fourth two-coin pairing. All three prior sets were Reverse Proof finishes struck at San Francisco:
| Year | Mintage Limit | Sales (latest) | Sell-Through | Price |
|---|---|---|---|---|
| 2023 | 250,000 | 247,820 | 99.1% | $185 |
| 2024 | 262,500 | 160,739 | 61.2% | $215 |
| 2025 | 160,000 | 122,720 | 76.7% | TBD |
The trend is clear: the 2023 set nearly sold out at 250,000 units, but the 2024 set stalled at 61% of a larger allocation. The Mint cut the 2025 limit to 160,000, and the 2026 Diamond Field set matches that number. The declining sell-through from 2023 to 2024 suggests some collector fatigue with the two-coin format, but the 2025 tightened supply and the 2026 novel finish work in the other direction.
Will It Sell Out?
The odds are better than they looked before today’s reveal.
The confirmed Diamond Field finish resolves the biggest uncertainty. Collectors who were hesitant to commit $375 on an unknown finish now know exactly what they are buying: a one-year-only textured treatment that has no precedent in the Morgan and Peace program. That novelty factor drove the 2023 Reverse Proof set to near-instant sellout at $185. The question is whether it works at double the price.
Working in the set’s favor: the 160,000-unit limit is the lowest the Mint has used for a two-coin set since 2025 (which is still selling). The lack of a household order limit cuts both ways. It removes artificial scarcity but also lets committed buyers load up, which could accelerate the sell-through. The November 12 date gives collectors two months to budget for it, reducing the sticker-shock factor.
Working against it: this is the third Morgan and Peace product in five months. Collectors who bought Reverse Proofs in July and Enhanced Uncirculated coins in August have already spent $342 to $684 on 2026 Morgan and Peace silver. Adding $375 or more pushes total spending past $700 per household. The 2024 two-coin set’s 61% sell-through at $215 shows that price sensitivity is real in this program.
The subscriptions being listed as unavailable is worth watching. In prior years, subscription pre-orders absorbed a meaningful share of two-coin set production before the public sale opened. If subscriptions remain closed for this release, the full 160,000 allocation hits the public sale, which changes the sell-out math.
What This Means for the 2026 Program
The 2026 semiquincentennial Morgan and Peace program is now the most extensive single-year offering since the modern series restarted in 2021. Three releases, three finishes, two mints, price points from $169 to $375. For collectors building a complete 2026 set, the Diamond Field two-coin set is the capstone.
For investors, the calculus is different. Morgan and Peace silver dollars carry bullion premiums well above their silver melt value, and those premiums are driven by collector demand, not metal content. The 2026 Reverse Proof collector guide breaks down how premiums have tracked across prior years of the program. The short version: early sell-outs and low mintages correlate with stronger secondary market premiums, but the relationship is not linear.
If you are considering the Diamond Field set, the decision tree is straightforward. Completionists are buying it. Value buyers should watch the first 48 hours of sales data and compare the pace to the 2023 set (247,820 sold of 250,000) and the 2024 set (160,739 of 262,500). If opening-day demand tracks closer to 2023, secondary market premiums will likely follow. If it tracks closer to 2024, expect the set to be available at or below issue price on the secondary market within weeks.
Mark November 12 at noon ET.
Related
- 2026 Morgan and Peace Reverse Proof: Release Day Recap: What sold and what changed on July 9
- 2026 Morgan and Peace Sales Update: 300K Sold, Two More Releases Coming: Sales data and 2023 comparison
- 2026 Morgan and Peace Enhanced Uncirculated Preview: August 25 release details
- 2026 Morgan and Peace Reverse Proof: Collector Value and Mintage History: Premium and mintage data across program years
- Liberty Bell Semiquincentennial Coin Pricing Guide: Full 2026 semiquincentennial pricing
- Silver Coin Melt Values: Current melt value calculator
- 1921 Morgan Silver Dollar Value: The original Morgan dollar guide
- 1921 Peace Dollar Value: Peace dollar history and values
Disclaimer: This article is for informational and educational purposes only. It is not financial or investment advice. FindBullionPrices.com is a price comparison platform and does not sell bullion or coins.
