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Take possession of the classic farewell of the San Francisco Mint to America's greatest mythical coin. The 1921-S Morgan Silver Dollar is the final chapter in the book for the "King of American Coins" at the renowned S-Mint, revived for one amazing last year of production. Struck from 90% pure silver, this Brilliant Uncirculated (BU) specimen gives investors and collectors the chance to hold a piece of post-WWI history, preserved with original mint luster for more than a century.
While they were shared, the 1921-S Morgan Dollar has one of the most fascinating histories in US numismatics. Its existence is not due to anticipated production but to global conflict, financial necessity, and a rare Congressional move reviving the beloved series after a 17-year drought for one final, dramatic appearance.
The Morgan Dollar series ended officially in 1904 when silver bullion reserves in the U.S. Mint ran out. It would have been over if it were not for the occurrence of World War I. The Pittman Act of 1918 was a sweeping act of legislation that permitted the melting of up to 350 million silver dollars already circulating. More than 270 million of these melted coins were sold to Great Britain by the government of America as silver bullion to shore up its war economy. One of the principal provisions of the Act mandated the U.S. Treasury to buy new silver from U.S. mines and coin new silver dollars to replace each and every one of the coins that had melted. This provision brought back the Morgan Dollar to production, laying the groundwork for its eventual minting in 1921.
When the U.S. Mint was gearing up for the huge 1921 mintage, it was confronted with a huge problem: the master hubs originally used to create the coin dies for the Morgan Dollar had been lost years previously, after production stopped in 1904. Original designer and Mint Engraver George T. Morgan was compelled to recreate his well-known design from memory.
The new 1921 hubs held much less relief than the original. This modification, undertaken to enable the dies to endure longer in an era of heavy, high-numbers production, produced coins that possessed a characteristically "flatter" or "softer" look than their pre-1921 brethren. Far from a defect, this is a primary distinguishing characteristic of all 1921 Morgan Dollars. Thus, looking for a specimen with an easily defined, obvious strike is a task that contributes to its numismatic value.
The San Francisco Mint, the mint that gained fame for striking its share of the finest and finest-struck Morgans in the entire series, produced a staggering 21,695,000 Morgan Dollars during 1921. This massive production run proved to be the S-Mint's last contribution to the greatest silver dollar of all US coinage. To collectors, the 1921-S is not merely another coin; it is the last hurrah of a solo, legendary partnership between a design and a mint, and hence a piece of history and a must-have for a whole Morgan Dollar collection.
It is important to appreciate the worth of this coin to value. "Brilliant Uncirculated" (BU) is a term applied to coins that have never undergone the wear and tear of business use.
A BU coin will not wear from being in circulation. When the coin is inspected, the embossed aspects of the design—like Lady Liberty's cheek, hair just above her ear, and the breast feathers of the eagle—will show no rubbing and flatness due to handling. Instead, the coin will be marked by original mint luster, a distinct texture that occurs when the metal wraps around into the die upon striking. This luster produces a lovely "cartwheel" effect when the coin is tilted and light hits it. Collectors need to be aware of the difference between circulation wear and weak strike.
Even though a BU 1921-S Morgan will have undisturbed, full luster, it will have the less rich strike quality of the 1921 dies. The features will look softer than on an 1881-S Morgan, for instance, but this is due to its special production history, not an imperfection. Our numismatic specialists go through each 1921-S Morgan Dollar painstakingly to choose only those that demonstrate strict BU quality, having excellent luster and optimum available eye appeal for this classic issue. Minor surface imperfections or "bag marks," caused by contact with other coins during storage in large canvas mint bags, are permitted on BU coins and are identifiable from friction caused by being circulated.
Take possession of the classic farewell of the San Francisco Mint to America's greatest mythical coin. The 1921-S Morgan Silver Dollar is the final chapter in the book for the "King of American Coins" at the renowned S-Mint, revived for one amazing last year of production. Struck from 90% pure silver, this Brilliant Uncirculated (BU) specimen gives investors and collectors the chance to hold a piece of post-WWI history, preserved with original mint luster for more than a century.
While they were shared, the 1921-S Morgan Dollar has one of the most fascinating histories in US numismatics. Its existence is not due to anticipated production but to global conflict, financial necessity, and a rare Congressional move reviving the beloved series after a 17-year drought for one final, dramatic appearance.
The Morgan Dollar series ended officially in 1904 when silver bullion reserves in the U.S. Mint ran out. It would have been over if it were not for the occurrence of World War I. The Pittman Act of 1918 was a sweeping act of legislation that permitted the melting of up to 350 million silver dollars already circulating. More than 270 million of these melted coins were sold to Great Britain by the government of America as silver bullion to shore up its war economy. One of the principal provisions of the Act mandated the U.S. Treasury to buy new silver from U.S. mines and coin new silver dollars to replace each and every one of the coins that had melted. This provision brought back the Morgan Dollar to production, laying the groundwork for its eventual minting in 1921.
When the U.S. Mint was gearing up for the huge 1921 mintage, it was confronted with a huge problem: the master hubs originally used to create the coin dies for the Morgan Dollar had been lost years previously, after production stopped in 1904. Original designer and Mint Engraver George T. Morgan was compelled to recreate his well-known design from memory.
The new 1921 hubs held much less relief than the original. This modification, undertaken to enable the dies to endure longer in an era of heavy, high-numbers production, produced coins that possessed a characteristically "flatter" or "softer" look than their pre-1921 brethren. Far from a defect, this is a primary distinguishing characteristic of all 1921 Morgan Dollars. Thus, looking for a specimen with an easily defined, obvious strike is a task that contributes to its numismatic value.
The San Francisco Mint, the mint that gained fame for striking its share of the finest and finest-struck Morgans in the entire series, produced a staggering 21,695,000 Morgan Dollars during 1921. This massive production run proved to be the S-Mint's last contribution to the greatest silver dollar of all US coinage. To collectors, the 1921-S is not merely another coin; it is the last hurrah of a solo, legendary partnership between a design and a mint, and hence a piece of history and a must-have for a whole Morgan Dollar collection.
It is important to appreciate the worth of this coin to value. "Brilliant Uncirculated" (BU) is a term applied to coins that have never undergone the wear and tear of business use.
A BU coin will not wear from being in circulation. When the coin is inspected, the embossed aspects of the design—like Lady Liberty's cheek, hair just above her ear, and the breast feathers of the eagle—will show no rubbing and flatness due to handling. Instead, the coin will be marked by original mint luster, a distinct texture that occurs when the metal wraps around into the die upon striking. This luster produces a lovely "cartwheel" effect when the coin is tilted and light hits it. Collectors need to be aware of the difference between circulation wear and weak strike.
Even though a BU 1921-S Morgan will have undisturbed, full luster, it will have the less rich strike quality of the 1921 dies. The features will look softer than on an 1881-S Morgan, for instance, but this is due to its special production history, not an imperfection. Our numismatic specialists go through each 1921-S Morgan Dollar painstakingly to choose only those that demonstrate strict BU quality, having excellent luster and optimum available eye appeal for this classic issue. Minor surface imperfections or "bag marks," caused by contact with other coins during storage in large canvas mint bags, are permitted on BU coins and are identifiable from friction caused by being circulated.
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