2023-P Morgan Dollar w/Box & COA

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Product ID: BST-002978FB1E

Specifications

Year 2023
Precious Metal Type Silver
Bullion Coin Type Morgan Dollar
Format Coin
Country of Origin United States
Brand/Mint U.S. Mint
Mint Mark P - Philadelphia
Purity 0.999
Weight 0.858 oz
Thickness (mm) 2.4 mm
Diameter (mm) 38.1 mm
Inner Pack (Quantity) 1
Grade BU

Product Details

Overview of the 2023-P Morgan Dollar

The 2023-P Morgan Dollar is a 90% fine silver coin produced by the United States Mint at the Philadelphia facility, continuing the modern Morgan Dollar series that was revived in 2021 to commemorate the centennial of the original coin's retirement. Each coin contains 0.858 troy ounces of silver and carries legal tender status as a United States numismatic coin. It ships with its original government-issued box and Certificate of Authenticity, making it a complete collectible presentation straight from the Mint.

We carry the 2023-P Morgan Dollar as part of our broader selection of United States Mint silver coins, offering buyers direct access to a recognized and well-documented piece of American silver coinage history. The inclusion of the box and COA confirms original packaging and provides documentation of authenticity that matters to both collectors and serious buyers.

History and Background

The Morgan Dollar holds one of the most storied positions in American numismatic history. First struck in 1878 following the Bland-Allison Act, which mandated the purchase and coinage of domestic silver, the original series ran through 1904 and was brie

Overview of the 2023-P Morgan Dollar

The 2023-P Morgan Dollar is a 90% fine silver coin produced by the United States Mint at the Philadelphia facility, continuing the modern Morgan Dollar series that was revived in 2021 to commemorate the centennial of the original coin's retirement. Each coin contains 0.858 troy ounces of silver and carries legal tender status as a United States numismatic coin. It ships with its original government-issued box and Certificate of Authenticity, making it a complete collectible presentation straight from the Mint.

We carry the 2023-P Morgan Dollar as part of our broader selection of United States Mint silver coins, offering buyers direct access to a recognized and well-documented piece of American silver coinage history. The inclusion of the box and COA confirms original packaging and provides documentation of authenticity that matters to both collectors and serious buyers.

History and Background

The Morgan Dollar holds one of the most storied positions in American numismatic history. First struck in 1878 following the Bland-Allison Act, which mandated the purchase and coinage of domestic silver, the original series ran through 1904 and was briefly revived in 1921 before the design was retired in favor of the Peace Dollar. The coin was designed by George T. Morgan, an assistant engraver at the Philadelphia Mint, and quickly became one of the most collected and studied coins in American history.

In 2021, the United States Mint brought back the Morgan Dollar design to mark the centennial of its final original-series production year. The modern series reintroduced the coin in 90% silver with updated edge lettering identifying the producing mint, allowing collectors to distinguish coins struck at Philadelphia, Denver, San Francisco, New Orleans, and Carson City. The Philadelphia issue carries a "P" privy mark on the obverse, consistent with the Mint's designation for modern numismatic issues.

The Philadelphia Mint itself is the oldest operating mint in the United States, established in 1792. It has played a central role in American coinage production for over two centuries and continues to produce both circulating coinage and collector issues, including the modern Morgan Dollar series.

Design and Aesthetics

The obverse of the 2023-P Morgan Dollar features George T. Morgan's original portrait of Lady Liberty, rendered in precise detail with a Phrygian cap inscribed with "LIBERTY," a wreath of cotton, wheat, and oak, and thirteen stars representing the original colonies. The inscription "E PLURIBUS UNUM" arcs above, and the date appears at the base. The "P" privy mark, denoting the Philadelphia Mint, is positioned on the obverse field, a detail specific to the modern series that distinguishes it from the original design.

The reverse presents a heraldic eagle with outstretched wings, clutching arrows and an olive branch, with a ribbon reading "IN GOD WE TRUST" above. The inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR" complete the composition. The coin is struck with the high-relief detail and sharp field definition that modern Mint production standards allow, giving the design a visual clarity that benefits from up-to-date die technology while remaining faithful to Morgan's original artwork.

Authenticity and Product Integrity

Each 2023-P Morgan Dollar is struck by the United States Mint to a confirmed purity of 90% silver and a total weight of 0.858 troy ounces, consistent with the original Morgan Dollar standard established in 1878. The Mint's production process subjects each coin to rigorous quality standards, and the accompanying Certificate of Authenticity provides official documentation of metal content and origin directly from the issuing authority.

We work with authorized distributors and established channels in the numismatic market to ensure that Mint-packaged products arrive complete and unaltered. The original box and COA remain intact, which is an important detail for buyers who prioritize provenance documentation alongside the physical coin. As authorized dealers for both PCGS and NGC, we are also well-positioned to assist collectors who wish to pursue third-party grading after purchase.

Condition and Packaging

The 2023-P Morgan Dollar is offered in its original United States Mint packaging, which includes the government-issued presentation box and Certificate of Authenticity. This is the standard format in which the coin was released directly by the Mint, and it arrives as a complete set rather than as a raw or repackaged coin. The coin is housed within a protective capsule inside the box, preserving its condition as struck.

Because this coin ships with its original box and COA, it is inherently a single-unit presentation. Buyers receive exactly what is listed: one coin in its original Mint packaging. There are no tube or monster box configurations applicable to this format, as the modern Morgan Dollar is produced and sold as an individual numismatic issue rather than a bulk bullion release.

Pricing and Market Factors

The base price of the 2023-P Morgan Dollar reflects the current spot price of silver, with a premium applied above that level to account for the coin's numismatic status, limited mintage, original packaging, and the added production costs associated with United States Mint collector issues. Premiums on Morgan Dollars tend to run higher than standard one-ounce bullion coins because the market treats them as numismatic products with documented collectibility rather than pure weight-based silver.

Demand patterns for specific Mint marks within the modern Morgan Dollar series can influence pricing meaningfully. Philadelphia-minted issues attract attention from collectors who are building complete sets across all available Mint marks, which supports consistent market interest. Our pricing reflects real-time silver spot values and adjusts as market conditions shift, giving buyers an accurate picture of current acquisition cost.

Selling and Liquidity

The modern Morgan Dollar series has established a recognizable presence in both the numismatic and silver coin secondary markets since its 2021 reintroduction. The Philadelphia issue is well-documented and straightforward to identify, which supports liquidity when it comes time to sell. Coins with their original box and COA intact typically command stronger resale positioning than those without original packaging, as documentation of authenticity and provenance carries tangible value to informed buyers.

We operate a two-way market that allows customers to both purchase and sell precious metals within the same platform. Considering the likely resale environment before making a purchase is a practical approach, and our competitive buyback pricing is designed to support that kind of longer-term thinking from the outset.

Why Buy the 2023-P Morgan Dollar?

The 2023-P Morgan Dollar offers a direct combination of silver content, historical design legacy, and documented government issuance that few other coins in this price range can match. For collectors, completing the Philadelphia issue within the modern Morgan Dollar series represents a meaningful part of building a full set across all active Mint marks. For silver buyers who also value numismatic context, the original packaging and COA provide a level of documentation not found with standard bullion coins.

The coin's 90% silver composition and defined weight make it straightforward to evaluate on a metal content basis, while the numismatic premium reflects real collector demand rather than speculation. Philadelphia-minted Morgan Dollars have a distinct place within the series, supported by the Mint's role as the original production facility for the coin dating back to 1878. That historical connection adds a layer of depth that standard bullion rounds simply cannot replicate.

Why Buy from Bullion Standard?

We have been operating in the precious metals space since 2010, and our approach has always centered on transparency rather than pressure. Our pricing reflects real-time market conditions, and we structure the buying experience to give informed buyers the clarity they need to make confident decisions without navigating unnecessary complexity. We maintain an A rating with the Better Business Bureau and hold membership in both the American Numismatic Association and the National Coin and Bullion Association.

As authorized dealers for PCGS and NGC, we are positioned to support collectors at every stage, whether they are purchasing raw Mint-issued coins or considering professional grading. Every product we handle is verified for authenticity before it reaches a customer. Our two-way market model means we are equally focused on the selling experience, and our buyback pricing is structured to be competitive and straightforward rather than something to figure out after the fact.

We support a wide range of payment options and operate with the kind of responsive fulfillment and customer service that makes a material difference when you are purchasing coins at this level. The goal is a buying and selling experience that feels like dealing with a knowledgeable counterpart rather than a transactional vendor.

Get Near-Spot Pricing with Bullion Standard Pro

Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing across our catalog, including numismatic silver coins like the 2023-P Morgan Dollar. Rather than relying on static retail pricing, Pro members can see how this coin is priced and traded at the wholesale level in real time, with portfolio valuations that reflect current wholesale bid prices rather than estimated retail values. This is particularly useful for collectors managing a position across multiple Mint mark releases within the Morgan Dollar series, where premium dynamics and liquidity can shift product by product.

Pro also provides access to proprietary research tools that allow members to evaluate premiums, bid/ask spreads, and historical pricing trends across our catalog. For a coin like the Philadelphia Morgan Dollar, where numismatic demand and silver spot price interact to drive pricing, having objective market data available alongside executable pricing creates a meaningfully more informed buying and selling environment.

Flexible and Secure Payment Options

We support a broad range of payment methods to make the purchasing process straightforward and secure. Buyers can complete transactions using Visa, Mastercard, American Express, Discover, PayPal, or bank-connected payments through Plaid. For larger purchases, wire transfer and paper check are also available. Cryptocurrency payments are accepted through BitPay for buyers who prefer that option.

Every transaction on our platform is processed with security and reliability as the baseline expectation, not an added feature. Whether you are purchasing a single coin or adding to an existing collection, the payment process is designed to be clear, efficient, and backed by the same customer-first standards we apply to every part of the experience.

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