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The 1921 Silver Dollar No Mint Mark is a rare and highly sought-after coin. It's estimated that only 1,305,000 were minted, making it a relatively scarce coin.
The coin's value is largely determined by its condition, with high-grade examples selling for thousands of dollars. The 1921 Silver Dollar No Mint Mark is considered a key date in the Morgan dollar series.
In mint condition, a 1921 Silver Dollar No Mint Mark can be worth upwards of $1,000. However, coins in lower grades can sell for significantly less, often under $100.
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Determining Value
Determining the value of a 1921 silver dollar no mint mark can be a bit tricky, but don't worry, I'm here to help. The value of a 1921 silver dollar no mint mark, also known as the 1921 (P) Morgan, can range from $36 in Very Fine condition to $285 in Mint State 65 condition.
To give you a better idea, here are the price ranges for different grades of the 1921 (P) Morgan:
The price of a 1921-D Morgan, on the other hand, is slightly higher, especially in uncirculated grades. The 1921-D Morgan saw a mintage of 20,345,000 silver dollars at the Denver Mint, making it less common than the 1921 (P) Morgan. The auction record for a 1921-D Morgan graded Mint State 68 garnered over $44,000.
On a similar theme: 1921 P Morgan Dollar Value
Coin Information
The 1921 Morgan Silver Dollar Coin is a highly sought-after collectible, and for good reason. It contains .7734 Troy oz of actual silver content.
The coin is in Brilliant Uncirculated (BU) condition, meaning it has never been circulated and maintains its original luster.
Here's a breakdown of the coin's specifications:
- Face value of $1 (USD) is fully backed by the US government.
- Obverse features the left-profile portrait of Liberty.
- Reverse includes the American bald eagle.
The obverse side of the coin features a portrait of Lady Liberty facing to the left, wearing a phrygian cap and surrounded by 13 stars representing the original 13 colonies.
Coin Mintmark Location
The mintmark location on a coin is an important detail to know. On the Morgan silver dollar, the mintmark is found on the reverse, centered at the bottom of the design, just below the tail feathers of the eagle.
If your silver dollar has no mintmark, it was likely minted in Philadelphia. The mintmark on a Morgan dollar from Carson City is placed in the same location, but Carson City stopped producing Morgan dollars in 1893.
The location of the mintmark can help you determine the authenticity of a coin. Be wary of altered mintmarks, and consider submitting your coin to third-party grading services like NGC and PCGS for authentication.
Coin
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The coin itself is a beautiful piece of history. The 1921 Morgan Silver Dollar Coin contains .7734 Troy oz of actual silver content.
One of the most distinctive features of the coin is its brilliant uncirculated condition, which means it has never been circulated and maintains its original luster. The face value of the coin is $1 (USD), fully backed by the US government.
The obverse, or front, of the coin features a left-profile portrait of Liberty, wearing a phrygian cap and surrounded by 13 stars representing the original 13 colonies. Above her head is the phrase "E PLURIBUS UNUM."
The reverse, or back, of the coin shows an American bald eagle clutching arrows in its left talon and an olive branch in its right. Around the top edge is the phrase "UNITED STATES OF AMERICA", with "IN GOD WE TRUST" written underneath.
Here's a breakdown of the mint marks and their likelihood:
The 1921 Morgan Silver Dollar Coin is a highly sought-after collectible due to its short mintage and unique design.
Understanding Rarity
The 1921 silver dollar is a rare coin due to its historical context, being the last in the Morgan silver dollar series and not produced again until 2023.
Low mintage numbers contribute to the rarity of the 1921 silver dollar, making it highly sought after by collectors.
Unique characteristics, such as the designs on the obverse and reverse, also contribute to its rarity.
The coin's design, featuring Lady Liberty and an American bald eagle, is largely unchanged from previous editions, adding to its historical significance.
Rarity and condition are both important factors that contribute to the total value and rarity of a 1921 silver dollar coin.
Historical Context of Rarity
The 1921 silver dollar is a rare coin with a rich history. The U.S. Mint released the last of the Morgan silver dollar series in 1921, and it wasn't until 2023 that they produced bullion Morgan and Peace Silver Dollar Sets again.
The 1921 silver dollar was minted in Philadelphia, San Francisco, and Denver. The "D" mint mark on the Denver-minted coin is what makes it rare. The Denver Mint only produced the 1921 silver dollar once.
For another approach, see: What Is a Minted Coin
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Low mintage numbers and errors contribute to the rarity of the 1921 silver dollar. But grading also plays a significant role in determining its value. A coin in near-perfect grade can be worth tens of thousands of dollars.
Here's a breakdown of the rarity factors:
- Low mintage numbers
- Errors
- Grading
These factors combined make the 1921 silver dollar a highly sought-after coin among collectors.
Values and Mintages
Values and Mintages play a significant role in determining the rarity of a coin. The 1921 Morgan dollar, for instance, was produced in massive quantities, with over 44 million coins minted in Philadelphia alone.
This sheer number of coins means that the 1921 Morgan dollar is one of the most common Morgan dollars available. In fact, it's considered one of the cheapest Morgan dollars you can buy.
The mintages for the 1921 Morgan dollar are staggering. Take a look at the breakdown:
As you can see, the 1921 Morgan dollar was produced in huge numbers, making it a relatively common coin.
Collecting and Investing
Buying 1921 silver dollars can be a smart move for your bullion coin collection as it allows you to add diversity and stack silver while cutting down on silver premiums.
You can pay smaller premiums over spot price on a 1921 silver dollar compared to other silver coins.
These coins can be important tools for sustaining profits even when the value of silver takes a dive.
Their numismatic value appreciation allows you to make a profit, making them a valuable addition to your growing silver portfolio.
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Price and Value
The value of a 1921 silver dollar with no mint mark can vary greatly depending on its condition and grading.
Most 1921 (P) Morgans in circulated condition trade for under $30.
A total of 44,690,000 Morgan dollars were minted in Philadelphia in 1921, making them the most common issue of that year-date.
Values jump in grades of MS65 and above.
Here's a breakdown of the price chart for 1921 Morgan dollars:
The price chart shows that even in lower grades, a 1921 Morgan dollar can be worth several hundred dollars.
In Average Circulated (AC) condition, a 1921 silver dollar is worth around $32.00.
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General Information
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The Morgan Silver Dollar is a highly collectible coin, and if you're interested in learning more about it, you should know that there are key dates every collector should know.
The Morgan Silver Dollar has a rich history and was minted from 1878 to 1904, and then again in 1921.
If you're looking to complete a collection of Morgan Silver Dollars, you'll need to know that there are many different dates and mint marks to collect.
The most valuable Morgan Silver Dollars are often the rarest ones, and there are top picks that every collector should know about.
Grading Morgan Silver Dollars is an important step in determining their value, and a collector's guide can help you learn more about the process.
Frequently Asked Questions
What happens if my silver dollar doesn't have a mint mark?
If your silver dollar doesn't have a mint mark, it's likely to be a product of the Philadelphia Mint. This is because the Philadelphia Mint didn't use mint marks on many of its coins, including Morgan Silver Dollars, for many years.
Sources
- https://www.gainesvillecoins.com/blog/1921-silver-dollar-values-and-mintage
- https://cointrackers.com/coins/410/1921-morgan-silver-dollar/
- https://www.herobullion.com/what-makes-a-1921-silver-dollar-rare/
- https://www.herobullion.com/1921-morgan-silver-dollar-coin-bu/
- https://www.silverrecyclers.com/coins/1921-morgan-silver-dollar.aspx
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