REP. AMODEI VISITS U.S. MINT DURING PRODUCTION OF 2021 MORGAN SILVER DOLLARS HONORING CARSON CITY MINT
August 2, 2021
FOR IMMEDIATE RELEASE
August 2, 2021
Contact: Lynn Hatcher, (202) 225-6155
WASHINGTON, D.C. – U.S. Representative Mark Amodei (NV-02) issued the following statement after a recent meeting with the designers, engravers, and production staff at the Philadelphia Mint, where the 2021 Morgan Dollars honoring the Carson City Mint are being produced as part of a new program enacted through legislation passed by Congress:
“From 1870-1893, gold and silver coins with the iconic “CC” mark were minted at our very own Carson City Mint, the site of which today is the Nevada State Museum. In 2020, the sesquicentennial of the Carson City Mint’s establishment was celebrated, with U.S. Mint Director David Ryder traveling to our state to attend the festivities.
“In 2021, another historic milestone is being celebrated – the centennial commemoration of the Morgan silver dollar and the Peace silver dollar. The Carson City Mint produced Morgan silver dollars from 1878-1893, and these today are among the most sought-after U.S. coins by numismatic collectors. After legislation I helped draft was signed into law by President Trump earlier this year, the Mint began producing the first new Morgan and Peace dollars in many years. The law also allows the Mint to continue minting these coins in future years if consumer demand remains strong.
“Two of the coins in the 2021 series honor the Carson City and New Orleans Mints with “CC” and “O” privy marks, in a nod to the important contribution these Mints made to our nation’s numismatic history. Having been born and raised in Carson City, I am glad this crucial chapter of Nevada’s early history is being honored with the inclusion of the iconic “CC” mark in the program. At the Philadelphia Mint, where the Morgan Dollars honoring the Carson City and New Orleans Mints are being produced, I enjoyed visiting with the designers, engravers, and production staff integral to this new program.
“Since the Mint funds itself, it is one bureau capable of actually putting more money back into the pockets of American taxpayers. Anything the Mint makes that exceeds their operating cost is returned to the Treasury General Fund. This year alone, the Mint projects that the 2021 Morgan and Peace Silver Dollar program will generate over thirty million in revenue. Since FY16, the U.S. Mint has transferred nearly two billion in seigniorage (the difference between the face value and cost of producing circulating coinage) to the Treasury General Fund to help finance the national debt, which is especially critical in this time of exploding government spending.”
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