1921 Morgan Dollar PCGS MS64 Philadelphia Mint, Last Year of Issue

The 1921-P Morgan Dollar graded PCGS MS64 is one of the most sought-after certified coins in American numismatics, and one of the last classic Morgan Silver Dollars ever struck. Produced at the Philadelphia Mint in 1921 after a 17-year hiatus, this final-year issue represents the closing chapter of a legendary silver dollar series that ran from 1878 to 1921.

Each 1921 Morgan Dollar PCGS MS64 in our inventory was hand-selected and submitted directly to PCGS by our expert numismatists for its exceptional blast white surfaces and razor-sharp strike. At MS64, Choice Uncirculated, this coin shows only the faintest traces of contact marks under magnification, with full luster and outstanding eye appeal for its 100+ year age.

Why this 1921 Morgan Dollar MS64 stands apart:

• New dies, new type. Because the original 1904 dies were destroyed, George T. Morgan created entirely new dies for 1921. The result is a subtly distinct coin type: notice the absence of eyelashes on Lady Liberty and the redesigned reverse eagle, details serious collectors specifically seek out.
• Philadelphia Mint issue no mint mark. Coins struck at the "Mother Mint" in Philadelphia carry no mint mark, which makes attribution straightforward. The 1921-P had a mintage of approximately 44.7 million, but a century of circulation, melting, and attrition means high-grade survivors are far rarer than raw mintage suggests.
• MS64 condition rarity. Fewer than 1% of all 1921-P Morgan Dollars graded by PCGS reach MS64 or better. The population at MS64 is finite, and MS65 examples command significantly higher premiums, making MS64 the sweet spot for value-conscious collectors.
• PCGS certification. The PCGS slab guarantees authenticity and grade. PCGS is one of the two most trusted third-party grading services in the world, and PCGS-certified coins consistently command stronger resale values than raw or other-certified equivalents.
• 90% silver, 26.73 grams. Each coin contains 0.7734 troy oz of fine silver, meaningful intrinsic value alongside its numismatic premium.

As the final year of the classic Morgan series, bookended by the debut of the Peace Dollar in that same year, the 1921-P holds iconic status in any complete Morgan Dollar collection or type set. The 2021 and 2023 U.S. Mint reissues brought a new generation of collectors to the series, driving sustained demand for original-issue examples like this one.

Coin specifications:

• Year: 1921, Mint: Philadelphia (no mint mark)
• Denomination: $1, Composition: 90% silver, 10% copper
• Weight: 26.73 g, Diameter: 38.1 mm, Silver content: 0.7734 troy oz
• Designer: George T. Morgan, Grade: PCGS MS64
• Series: Morgan Dollar (1878–1921), final year of issue

Highlights:

• PCGS MS64, Choice Uncirculated, hand-selected surfaces
• Last Year of Issue - 1921 Philadelphia Mint, no mint mark
• Blast white luster, sharply struck
• New die type unique to 1921 - distinct from all prior Morgan Dollars
• 90% silver, 0.7734 oz silver content
• Authentic PCGS slab - guaranteed grade and authenticity