- Year: 1921
- Mint Mark: No mint mark
- Type: Morgan Silver Dollar
- Price: $32.00-$235.00+
- Face Value: 1.00 USD
- Produced: 44,690,000
- Edge: Reeded
- Silver Content: 90%
- Silver Weight: .7735 oz.
- Melt Value: $18.29
The Minting of Morgans started up again in 1921. Not since 1904 had these coins been minted. Due to the Pittman Act, passed in 1918, many of the 1921 Morgan's are actually older Morgans and peace dollars melted down and re-coined. 1921 Silver Dollars generally have nice reeded edges as they are newer than those minted in the late 1800s.
In the year 1921 the United States Mint didnt have the best quality control it seems. They were rushing to push out as many 1921 Morgan Silver Dollars as possibly, and this in turn created a plethora of errors.
1921 Silver Dollar Errors Include; Curved Clip Error-the lip or edge of the coin will have a curved clip that dips into the coin. Rim Defect Error-the rim of these coins has many defects be sure to check them for errors. Missing or Partial Numbers-there are several instances of portions of numbers and or letters in words missing. The likely cause is the die was filled with a foreign substance or die grease. Blank Planchet- a blank coin with nothing on it at all. The blank or planchet somehow made it into circulation. Lamination Error-a portion of the lamination or outer skin of the coin may be missing. Last but not least Die Break Errors-when the die breaks or cracks it leaves a mark on the coin.
More about a few of these errors...
Planchets go through several stages before being struck by dies and issued as currency. If the planchet is flat and has no rim it's a Type I planchet. If the planchet has a Rim it's a Type II planchet. The known blank planchet error coins for 1921 Morgan Silver Dollars are type 2, meaning they have a rim. So basically this coin is a blank planchet with nothing more than a RIM.
Off Center Strikes
While not listed in the photo attached, off center 1921 silver dollars exist. This is a common error that occurs when the die is improperly aligned with the planchet and the resulting strike is off center. In regards to the 1921 Morgans these errors are selling for thousands of dollars.
Did you know?
Between 1962 and 1964 Millions of Morgan Silver Dollars were released into the general public by the United States Mint. Bags of Morgans that had been sealed in the United States mint since 1929 and were brought out of storage, including many specimens that were previously considered ultra rare. This drastically drove down the price of certain Morgans and temporarily destabilized the silver dollar market value in the Numismatic community.
Admin: Values updated for this coin. If you have any questions or comments about the 1921 Silver Dollar please let us know. April,2023
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This section is more for experienced collectors only, and rates refer only to professionally graded and slabbed coins. If you are new to collecting the prices below may not make much sense.
Breakdown of pricing per condition for 1921 Silver Dollar as follows.
- Use the pricing below as a rough estimate.
- Grade EF40 = $23-$38
- Grade AU53 = $45-$75
- Grade AU55 = $49-$81
- Grade MS62 = $60-$100
- Grade MS63 = $135-$225
- Grade MS64 = $375-$625
- Grade MS65 = $675-$1,125
- Grade MS67 = $9,000-$15,000
- Grade PR62 = $23,250-$48,438
- Grade PR64 = $54,000-$90,000
- Grade PR67 = $180,000-$300,000
Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.
It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.
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How much is a 1921 Silver Dollar worth?
This section is more of a layman's guide, for those new to collecting.
In Average Circulated (AC) condition it's worth around $32.00, one in certified mint state (MS+) condition could bring as much as $235 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1921, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
If you are a fan of coin roll hunting or just want to learn more about morgan silver dollars then search or scroll below to find the most valuable and rarest in this series.
Overall Specs & Design
This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm. It's edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper.
Designer: George T. Morgan
Front (Obverse): Profile view of Lady Liberty looking to the left. The words "E Pluribus Unum" that translates to "Out of Many, One" referring to the many states that make the country the United States. The date is located at the center bottom. 13 stars circle the coin adjacent to the lettering. These represent the original 13 colonies.
Back (Reverse): The reverse is a bald eagle clasping arrows and an olive branch in its claws. This represents peace and war, as the United States is capable of both. The eagle's wings are spread out and it too is glancing to the left. The words "In God We Trust", "United States of America", and "One Dollar" are all present on the reverse as well.
The most valuable Morgan Silver Dollar's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
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Hardest to Find
The rarest and hardest to find Morgan Silver Dollar's Check out each link to learn more about each coin.
What is the rarest Morgan Silver Dollar?
Are 1921 Silver Dollars Silver?
Yes! Morgan Dollar's produced in 1921 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.
Numismatic vs Intrinsic Value:
This coin in poor condition is still worth $13.71 more than the intrinsic value from silver content of $18.29, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1883 CC Morgan Silver Dollar is $18.29 and this price is based off the current silver spot price of $23.65 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.
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