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The 1921 Morgan Silver Dollar is a highly sought-after coin among collectors and investors. It's the last year of the Morgan dollar series, which makes it extremely valuable.
The 1921 Morgan Silver Dollar was minted in Philadelphia, Denver, and San Francisco, with a total mintage of over 86 million coins.
The coin's design, featuring Lady Liberty, was created by George T. Morgan, a British engraver who worked for the United States Mint.
Determining Value
Determining the value of a 1921 Morgan silver dollar can be a bit tricky, but understanding the basics can make it easier. The coin's value is determined by its numismatic value, which is based on its collectibility, desirability, and rarity.
More than 86 million 1921 Morgan silver dollars were produced, making them one of the most common coins in the Morgan dollar series. This means that finding a rare or valuable 1921 Morgan dollar is unlikely.
The coin's value can also be affected by its condition, with worn and circulated coins having numismatic value above and beyond their intrinsic melt value. The spot price of silver is just one factor in determining the coin's value.
To accurately determine the value of your 1921 Morgan silver dollar, you'll need to consider its mintmark and condition. The 1921 No Mint Mark Silver Dollar, 1921 S Silver Dollar, and 1921 D Silver Dollar are some of the varieties that can be found.
Here's a rough guide to get you started:
Keep in mind that these values are just a starting point, and the actual value of your coin can vary depending on its condition and rarity.
Morgan Silver Dollar
The Morgan Silver Dollar is a classic coin that's been around since 1878. Over 44 million of these coins were produced in 1921 alone, with the Philadelphia Mint producing the largest quantity.
You can find 1921 Morgan Silver Dollars in circulated condition for under $40, but the value can range from $35 to $750 depending on the condition and ranking. On the other hand, coins in MS 67 grade can be worth up to $13,000.
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Some collectors prefer the 1921 PL Morgan dollars, which can cost anywhere from $160 to $190 in AU grade. The price for uncirculated pieces can range from $200 to $2,880. For the highest quality ones in MS 66 grade, you're looking at $5,000 to $6,000.
Here's a breakdown of the estimated values for different grades of 1921 Morgan Silver Dollars:
Morgan
The Morgan dollar is a highly sought-after coin, especially in high grades. The 1921 No Mint mark Morgan dollar had a high mintage of 44,690,000 pieces.
Those in circulated condition are available for less than $40. Better-ranked pieces cost between $35 to $750.
Coins in MS 67 grade are worth between $9,400 to $13,000. Those ranked MS 68 are assessed at $28,000 to $32,200.
Some collectors prefer 1921 PL Morgan dollars and are willing to pay $160 to $190 for those in AU grade. Uncirculated pieces can cost between $200 to $2,880.
The highest quality 1921 PL Morgan dollars in MS 66 grade cost between $5,000 to $6,000. The 1921 DMPL Morgan dollars often cost between $1,500 to $9,000, depending on their grade.
Only about 250 Morgan proofs came from the US Mint in 1921. The value of these coins can range from $4,000 to almost $300,000, depending on their preservation level.
Coin
The Morgan Silver Dollar coin is a circulated 90% silver coin, containing .7734 troy ounces of silver. It's a beautiful piece of history that has been a part of the US economy for over a century.
In 1921, the Morgan Dollar coin was reintroduced, and more than 86 million $1 Morgan silver coins were produced by the Mint. This helped to restore trust and faith in the economy, leading to growth and prosperity through the roaring 1920's.
The coin's value is determined by its condition, with uncirculated coins being the most valuable. To reach uncirculated condition, the coin must have all original, as-minted detail remaining, with no wear or loss of detail.
Here are the different conditions of a Morgan Dollar coin, from highest to lowest value:
- Uncirculated: All original detail remains, with mint luster on the entire surface.
- Extremely Fine: Slight wear is visible, with flattening of the hair above Liberty's forehead and behind her neck.
- Fine: Moderate wear has reduced most of the finer design detail, with noticeable wear on Liberty's hair and the leaves in the wreath.
- Good: Heavy wear has reduced the entire design to just a few elements, with Liberty as an outline in low relief.
The value of a Morgan Silver Dollar coin can vary depending on its condition, with rare and valuable dates and mintmark combinations being highly sought after by collectors.
Errors and Variations
Some 1921 D silver Morgan dollars have an interesting irregularity where the S in the word TRUST is missing, making it a highly valuable and rare coin.
This error can bring in as much as $1,500 in mint state, depending on the coin's condition. A lower-graded coin with this error can still fetch up to $150.
The 1921 silver dollar series has several minting errors that can increase the value of a coin, with some of them being quite valuable.
Grading
Proper grading is crucial for evaluating the authenticity and value of coins, especially rare ones. For coins like the 1921 Silver Dollar Coin, it's essential to send them to a relevant grading company.
A precise evaluation can ensure high prices at auctions. This is particularly important for rare pieces.
Sending a coin to a grading company can be a good idea. They have the expertise to evaluate the coin's condition and authenticity.
Only a few types of coins are relevant for grading in 1921, specifically the Peace and Morgan dollars.
Rare Error List
Some 1921 silver dollars have a rare error known as a Line through L. This error can significantly increase the coin's value.
The 1921 Peace dollars are particularly notable for their errors, with one significant example being a coin sold for $5,160. This is a testament to the value of rare coins.
Off-center and Missing R errors have also been found in the Morgan silver dollars minted in 1921. These errors can make a coin highly valuable.
Some 1921 D silver Morgan dollars have a unique irregularity where the S in the word TRUST is missing. This error can bring in as much as $1,500 for a mint-state coin.
A lower-graded coin with the missing S error can still fetch up to $150. This highlights the importance of grading in determining a coin's value.
Coin Information
A 1921 Morgan silver dollar is a circulated 90% silver coin, containing .7734 troy ounces of silver. It features Lady Liberty on the obverse, designed by Charles Morgan.
More than 86 million of these coins were produced by the Mint in 1921, making them relatively common. However, their age and numismatic value can make them worth more than their intrinsic melt value.
The Morgan Dollar coin was reintroduced in 1921 to help restore trust and faith in the economy, which was still recovering from the devastations of World War I. This led to growth and prosperity throughout the 1920s.
The value of a 1921 Morgan silver dollar can vary depending on its condition, rarity, and collectibility. Some rare and valuable dates and mintmark combinations can be found throughout the history of Morgan silver dollars.
Here's a brief overview of the Morgan silver dollar values for the years leading up to 1921:
Note that the table only shows a few examples of Morgan silver dollar values for the years leading up to 1921. To get an accurate estimate of your coin's value, you'll need to consult a more comprehensive chart or consult with a coin expert.
What Is Worth?
A 1921 Morgan silver dollar can be worth a pretty penny, depending on its condition and authenticity. Most 1921 (P) Morgans in circulated condition trade for under $30.
If you have a 1921 (P) Morgan in good shape, you can expect to get around $36 for it in Very Fine condition. For Extremely Fine condition, the price jumps to $42.
The San Francisco Mint produced 21,695,000 Morgan dollars in 1921, making them slightly less common than the Philadelphia minted coins. These coins, known as 1921-S, can be worth more in higher grades, with a low mint state range making them very desirable.
Here's a breakdown of the values for 1921 Morgan silver dollars in different grades:
The melt value of a 1921 Morgan dollar is $25.32, based on its silver content and today's silver spot price.
Buying and Selling
If you're looking to buy a 1921 Morgan silver dollar, be prepared to pay a premium price - prices can range from $25 to $50 or more for circulated coins in good condition.
The condition of the coin plays a significant role in determining its value, with rare dates and mint marks commanding higher prices.
A circulated 1921 Morgan dollar in good condition can be purchased for around $25, but the price can jump to $50 or more if the coin is in excellent condition.
The 1921 Morgan dollar is a relatively common date, which means it's easier to find one that fits your budget.
However, if you're looking to sell a 1921 Morgan dollar, you'll want to research its value carefully to ensure you get a fair price.
The value of a 1921 Morgan dollar can vary depending on its condition, rarity, and demand, so it's essential to have a clear understanding of these factors before making a sale.
A well-preserved 1921 Morgan dollar can sell for upwards of $100 or more, depending on its condition and rarity.
If you're looking to sell a 1921 Morgan dollar, consider getting it graded and certified by a reputable third-party service to increase its value and authenticity.
Frequently Asked Questions
How much should I sell my Morgan Silver Dollar for?
The value of a Morgan Silver Dollar depends on its condition, with common coins selling for under $100 and high-grade coins worth hundreds to thousands of dollars. If you're unsure of your coin's value, consider getting it professionally graded or appraised for an accurate estimate.
Sources
- https://www.coinvaluechecker.com/how-much-is-a-1921-silver-dollar-worth/
- https://findbullionprices.com/p/1921-Morgan-Silver-Dollar-Average-Circulation/
- https://www.coinstudy.com/1921-morgan-silver-dollar-value.html
- https://www.gainesvillecoins.com/blog/1921-silver-dollar-values-and-mintage
- https://www.outlookindia.com/hub4business/1921-silver-dollar-coin-value-lookup-morgan-peace-news-342619
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