1921 Morgan Silver Dollar
The 1921 Morgan Silver Dollar had a total mintage of over 44 million coins at the Philadelphia Mint! They were produced as a provision of the 1918 Pittman Act which mandated that millions of coins be melted down. The 1921 Morgan Silver Dollar had somewhat of a redesign that is noticeable from the earlier Morgan Dollars created. Many features appear more flat, like on Lady Liberty’s cheek, yet other aspects, like her hair, are more defined and attractive. Continue reading to learn more about 1921 Morgan Silver Dollar Value.
AUCTION RECORD: $19,975 • MS67
Image source: PCGS
History of the 1921 Morgan Silver Dollar
The 1921 Morgan Silver Dollar will show the eagle on the reverse with very little detail on the breast feather. When the Morgan Dollar stopped production, it was believed that the Morgan Dollar was done for good and old hubs were destroyed. When there was a mandate to rush and create a massive amount in 1921, the new hubs had less care in their design, as quality wasn’t at the top of mind. Nearly all of the pieces of this mintage are poorly struck, and they are fairly common in most grades. The luster can also vary from dull to frosty.
1921 Morgan Silver Dollar Value
The 1921 Morgan Silver Dollar value ranges from under a hundred dollars to upwards of the low tens of thousands. The 1921 Morgan Silver Dollar is worthwhile to collect, as it adds an interesting piece of history to the Morgan Dollar series with its rush production after such a large gap. Although the coins are typically less attractive and poorly struck, they are accessible and affordable.
Type of coin: Silver Dollar
Year: 1921 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 44,690,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 27.20 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1921 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1921 edition, is determined by its mint mark, condition (or grade), and silver content. Although the 1921 Morgan Dollar is relatively common, special varieties and high-grade examples can significantly impact its value.
How much is a typical 1921 Morgan Silver Dollar worth?
A typical 1921 Morgan Silver Dollar in circulated condition might be worth around $20 to $30. Uncirculated examples, depending on their grade, can fetch from $40 to $100 or more.
What is the value of a 1921-D Morgan Silver Dollar?
The 1921-D Morgan Silver Dollar, minted in Denver, is the only Morgan Dollar with a "D" mint mark. Its value ranges from about $25 in lower grades to over $100 for higher uncirculated grades. Prices can be higher for MS65 and above conditions due to their better preservation.
Are there any rare varieties of the 1921 Morgan Dollar that significantly impact its value?
While the 1921 Morgan Dollar is not known for particularly rare varieties, the 1921-D (Denver mint) is notable for being the only Morgan Dollar with that mint mark. High-grade examples or those with distinctive die varieties, like die breaks or clashes, can be more valuable.
What is the highest grade and value achieved by a 1921 Morgan Silver Dollar?
The highest grades for a 1921 Morgan Silver Dollar can reach MS67, with values that can exceed $1,000, especially for well-preserved examples from the Denver mint or coins with exceptional eye appeal.
How does the mint mark affect the 1921 Morgan Silver Dollar value?
The mint mark on a 1921 Morgan Silver Dollar (e.g., "D" for Denver, "S" for San Francisco, or no mint mark for Philadelphia) significantly affects its value. The "D" mint mark versions are often slightly more valuable due to their unique status among Morgan Dollars.
Can the silver content of the 1921 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1921 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value, especially for higher-grade coins or those with the "D" mint mark.
Where is the best place to sell a 1921 Morgan Silver Dollar?
The best places to sell a 1921 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Authenticity and condition are key to achieving the best price.
What should collectors look for when purchasing a 1921 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, and any signs of wear or damage. Given its availability, focusing on higher-grade examples or those with the "D" mint mark can be a good strategy for collectors.
How should I store my 1921 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1921 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
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