The 2026 Diamond Field Morgan and Peace Dollars: What the New Finish Is and How It Compares

This fall the United States Mint did something new with two very old designs. The 2026 Morgan and Peace Dollar Diamond Field Two-Coin Set puts George T. Morgan's Liberty and Anthony de Francisci's Peace on a finish the Mint has never used before, and it closes a year in which both dollars appeared in three different finishes. Here is what the Diamond Field finish is, how it compares to the other 2026 coins, and how collectors are choosing between original packaging and PCGS-certified examples.

A new finish for two classic designs

Most collectors know the two finishes the Mint puts on its collector silver. A proof has mirror fields with frosted devices: the portrait and lettering stand frosty white against a reflective background. A reverse proof flips that, with frosted fields and mirror devices, so the design flashes against a soft matte surface.

The Diamond Field finish is neither. The fields on both sides of both coins carry a repeating diamond pattern. The portraits, the eagles, and the lettering stand clear of it, and the patterned fields catch light at every angle as the coin turns in the hand. It reads differently from any proof, and it photographs differently too, which is why our images of this set come from the Mint's own high-resolution press photography.

Both coins are struck at Philadelphia and carry the P mint mark. Each is a .999 fine silver dollar weighing 0.859 troy ounce and measuring 38.10 millimeters across, the same specifications as the other modern Morgan and Peace issues. Both also carry the two features the Mint added for the nation's Semiquincentennial: the dual date 1776~2026 and the Liberty Bell 250 privy mark. The set comes in a black presentation case with a certificate of authenticity. 

The Morgan and Peace dollars since 2021

The modern program began with an anniversary. In 2021 the Mint marked the centennial of 1921, the year the last Morgan Dollars were struck and the first Peace Dollars were issued, by reviving both designs in .999 fine silver. Collectors who had spent decades with the originals had a reason to buy a new Morgan or Peace dollar for the first time in a hundred years.

Two-coin sets followed. The 2023, 2024, and 2025 Morgan and Peace sets were reverse proofs struck at San Francisco with the S mint mark. Each paired the two designs in matching finishes, and each became a standing annual purchase for the collectors who keep the modern run complete.

The 2026 Diamond Field set is the fourth Morgan and Peace two-coin set. It is the first that is not a reverse proof and the first two-coin set from Philadelphia. For collectors who own the three earlier sets, it is the one that looks nothing like the others on the shelf, and that is the point of collecting a new finish.

Three finishes in 2026

For Morgan and Peace collectors, 2026 is a three-finish year, and every coin in it carries the dual date and the privy mark.

The Reverse Proof coins came first, in July, sold as singles. They were also the first Mint release L&C launched on its 2026 calendar, and many of the collectors reading this bought one then. The Enhanced Uncirculated coins followed in August, struck at West Point with no mint mark. Enhanced Uncirculated combines several finishes on a single coin, so different parts of the design read frosted, satin, or bright. The Diamond Field set closes the year in November.

For the set itself, CoinNews and ANA coverage (not the Mint's product page) cite a reported mintage of 160,000 sets.

A complete 2026 Morgan and Peace year is six coins: both designs in all three finishes. Set the three Morgans side by side and the year makes sense at a glance: the same Liberty, the same dual date, and three entirely different surfaces.

The originals

The 2026 coins are tributes, and the originals are where both designs earned their place.

George T. Morgan, an English-born engraver at the Philadelphia Mint, designed the silver dollar that carries his name. It was struck from 1878 to 1904, and again in 1921, at Philadelphia, New Orleans (O), San Francisco (S), Carson City (CC), and, in 1921 only, Denver (D). Liberty faces left in a Phrygian cap with wheat and cotton in her hair; the reverse eagle spreads its wings inside a wreath. The Carson City dates and keys such as the 1893-S have made the Morgan Dollar the most collected American silver dollar, and it is the deepest category in our inventory by a wide margin.

Anthony de Francisci designed the Peace Dollar to mark the end of the First World War. It was struck from 1921 to 1935. Liberty wears a radiate crown, and on the reverse an eagle rests on a rocky peak above the word PEACE, an olive branch in its talons and the rays of a rising sun behind it. The first year, 1921, was struck in high relief. The relief proved hard to strike fully, and the Mint lowered it in 1922, which makes the 1921 high relief a one-year type and a favorite first purchase for Peace Dollar collectors.

The 2026 designs follow the originals closely, so a classic example next to the Diamond Field set shows a century of the same design in two very different finishes.

Original packaging or PCGS-certified

We offer the Diamond Field set two ways, and collectors choose for different reasons.

Original Mint packaging. The two coins in their capsules, in the black presentation case, with the certificate of authenticity. This is the set as the Mint issued it, and it is the right choice for collectors who keep each annual set exactly as released, and for anyone giving the set as a gift.

PCGS-certified. Each coin is graded by PCGS and sealed in a holder with its grade on the label. On a new finish, that matters more than usual. Nobody has handled a Diamond Field coin before this year, and the patterned fields are the selling point, so a PCGS grade tells you exactly what you are getting on the surfaces that make the coin. The holder also protects those fields from handling, which a capsule in a case does not do once the coin comes out to be admired. 

Our certified examples are submitted to PCGS as soon as sets arrive from the Mint. Every certified coin we sell ships with its PCGS grade guaranteed, and we grade every raw coin in-house to ANA standards.

Complete the anniversary year

Three finishes, two designs, one anniversary. The Diamond Field set is the last 2026 Morgan and Peace release and the most distinctive of the year. Wait list orders are filled first; shop the set in original Mint packaging or PCGS-certified, then browse the 2026 Reverse Proof and Enhanced Uncirculated coins to complete the year, and our Morgan Dollars and Peace Dollars for the originals.

We carry 9,367 Morgan Dollars, the deepest category on the site. Standard orders ship free by USPS Ground Advantage, every order carries a 15-day return privilege, and layaway is available on orders of $100 or more: 20% down, then four monthly payments, five payments in total, zero interest. Questions about the Diamond Field set or the classic dollars behind it: call 1-800-669-0953. We have been selling Morgan and Peace dollars as a family since 1974.