Have a 1921 silver dollar just lying around gathering dust? Ever wonder if it
is worth more than just loose change? Better news—it likely is! The 1921
Silver Dollar value increased because it was the final Morgan dollar prior to
the Peace Silver Dollar making it a collector’s gem!
So, what's it worth?
The circulated 1921 Morgan silver dollar can be worth $25-$40. The mint-state
or uncirculated silver dollars could be worth hundreds to thousands of
dollars. The value of the
Morgan Silver Dollar
is reliant upon three aspects: condition, mintmark, and errors.
For more information regarding how to identify the condition of the Morgan
Silver Dollar, go through this valuable
forum discussion.
Key Takeaways
-
The 1921 Morgan Silver Dollar is the last issue of the Morgan Silver
Dollar that the Peace Dollars succeeded.
-
The 1921 Morgan Silver Dollars can be worth from $25 to as high as
$45,000, depending on condition, mintmark, and errors.
-
The 1921 Dollars were minted in Philadelphia, San Francisco, and Denver
facilities.
-
There are 3 main errors on the 1921 issue of the Morgan Dollars, that
elevates the coin’s worth.
Features of the 1921 Silver Dollar
The 1921 Morgan Silver Dollar is distinct because of its distinctive design
and historical value. It comprises
90% silver
and 10% copper, weighs 26.73 grams, and bears Lady Liberty on the front, an
eagle gripping arrows, and an olive branch on the back. Designed by George T.
Morgan, this coin ranks among the favorite ones for collectors.
| Denomination |
$1.00 |
| Obverse Image |
Lady Liberty with “E PLURIBUS UNUM,” the year of issue, and 13 stars.
|
| Reverse Image |
Eagle holding arrows and olive branch surrounded by two tied oak wreaths
and “UNITED STATES OF AMERICA. IN GOD WE TRUST. ONE DOLLAR.”
|
| Metal Composition |
90% silver, 10% copper |
| Total Weight |
26.73 grams |
| Mintage |
Approx. 87 million |
| Mintmarks |
Philadelphia, San Francisco (S), Denver (D) |
| Designer |
George T. Morgan |
1921 Silver Dollar Value: What is it worth?
The 1921 Morgan Silver Dollar was minted in three
United States mints: Philadelphia (No Mint Mark), San Francisco (S), and Denver (D). All three
have various values depending on mintage, condition, and rarity. Let us divide
their value into portions.
1921 No Mint Mark Silver Dollar Value
The Philadelphia Mint struck 44,690,000 Morgan Silver Dollars in 1921.
Although they have high mintage, they are worth the money since they
contain 90% silver.
- Circulated coins (G35) sell for approximately $40.
- AU50-graded coins sell for approximately $50.
- Mint state (MS65) coins sell for $175.
- Less popular MS67 coins can sell for $11,500.
- The top price sold was $19,975 for an MS67 in 2015.
1921-S Silver Dollar Value
The San Francisco Mint produced 21,695,000 Morgan Silver Dollars. The
coins are highly valuable even in lower grades. Since they have such a
large mintage, lower grades are plentiful, but the high grades are much
more rare and cost more.
- Circulated grade: $34 to $77
- Coins graded MS66 have sold for $3,250.
- A single MS67 coin has sold for $32,500.
1921-D Silver Dollar Value
The Denver Mint produced 20,345,000 Morgan Silver Dollars, the first time
this facility had done so.
- Coins that are in circulation cost between $34 and $70.
- MS62 coins could sell for about $110.
- A rare MS67 coin could sell for $17,500.
Valuable as they are, 1921-D coins are generally considered to be weakly
struck, so high-grade examples are desirable to collectors.
If you have one of these coins, check its condition—you could be sitting on a
fortune!
Rare 1921 Silver Dollar Errors You Need to Know
Some of the 1921 Morgan Silver Dollars have uncommon errors that will greatly
enhance their worth. The following are three errors to find for collectors:
1921 Thornhead Silver Dollar Error
This distinctive error looks like a thorn on the head of Lady Liberty due
to worn dies. It will fetch hundreds to thousands, depending on the
condition. As graded by PCGS, AU55 1921 Morgan Silver Dollar can be sold
at $576.
1921 Off-Center Strike Silver Dollar Error
The off-center error occurs when the die and planchet aren’t aligned
correctly, leading to a blank space on the planchet. This error is
measured by the percentage of the design that is off-center.
Silver dollars that are struck off-center (10% or more) are extremely
valuable. The more off-center, meaning the higher percentage, the more
rare and valuable the coin. Prices for the 1921 off-center strike silver
dollar range from $150 to $1,500.
1921 Missing "S" in TRUST Silver Dollar Error
Filled die or weak strike eliminated the "S" from "TRUST" and made these
coins well-liked by collectors. These 1921 Missing “S” in TRUST morgan
dollar error can sell for a value of $500 or higher up to $1,500.
Grading Points of the 1921 Morgan Silver Dollars
The grading system aids in understanding the value of the 1921 silver dollar.
Here is how grades establish value:
1. VF20 (Very Fine): Two-thirds of hairlines visible; eagle's breast feathers
worn.
2. EF40 (Extremely Fine): Distinct hairlines, well-preserved ear, minimal wear
to the breast of the eagle.
3. AU50 (About Uncirculated): Light wear to the bust, forehead, and wings of
the eagle.
4. MS60 (Uncirculated): No wear, complete mint luster, potential abrasions.
5. MS63 (Choice Uncirculated): Good luster with minor surface marks.
6. MS64 (Uncirculated): Light spotting and contact marks, good eye appeal.
7. MS65 (Choice Uncirculated): Strong luster with minor marks, high quality.
Future Value of Morgan Silver Dollars
The 1921 Silver Dollar value will appreciate over time, so it is a wonderful
investment. Morgan silver dollars are no longer being produced, so their
supply declines annually. As the demand increases and there are fewer coins in
circulation, the price will increase naturally.
Investors and collectors already have these coins stockpiled, fully aware of
their numismatic and historical value. If you want to own some history, now’s
the time to get a 1921 Morgan Silver Dollar!
Conclusion
The 1921 Silver Dollar Value makes it a collector's coin and an investor's
choice. Regardless of a Philadelphia, Denver, or San Francisco-minted coin,
its value lies in condition, scarcity, and demand.
The coins will only increase in value with time. If you are thinking of
selling or buying, the time is now. With its history and growing rarity, the
1921 Morgan Silver Dollar is a classic coin to treasure!
BOLD Precious Metals is your go-to dealer for the valuable coins if you are
a numismatist. Browse through antique coins such as the 1921 Morgan Silver
Dollar, Peace Dollar, and American Eagles to get the best prices from the
top dealer today!
FAQ
Q. What is the current value of a 1921 Morgan Silver Dollar?
A 1921 Morgan Silver Dollar has a value depending on its grade. Circulated
coins are between $30 and $75, but uncirculated or high-grade coins have a
value ranging from $25,000 up to more. Mint-condition silver dollars of 1921
are very hard to find.
Q. Is my 1921 Silver Dollar worth anything?
Most 1921 silver dollars are worthless, but a few are. Coins of good
definition, mirror finish, or being scarce errors are more valuable. Coins
that are not circulated in good grades, particularly MS65 or better, can sell
for thousands to serious buyers.
