The 1921 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Morgan Silver Dollar
Year: 1921
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $23.55
The year 1921 was the first year that Morgan dollars were minted since 1904. This was also the last year that Morgan dollars were ever minted.
The US minted the 1921 Morgan silver dollar with no mint mark and also the 1921 D Morgan silver dollar and 1921 S Morgan silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
| Series | Location | Quantity Minted |
|---|---|---|
| 1921 | Philadelphia | 44,690,000 |
| 1921 D | Denver | 20,345,000 |
| 1921 S | San Francisco | 21,695,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $23.55. This melt value is calculated from the current silver spot price of $30.45 per ounce.
The 1921 Morgan silver dollar with no mint mark is worth around $41 in very fine condition. In extremely fine condition the value is around $42. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $175.
The 1921 D Morgan silver dollar is worth around $41 in very fine condition. In extremely fine condition the value is around $42. In uncirculated condition the price is around $80 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $600.
The 1921 S Morgan silver dollar is worth around $41 in very fine condition. In extremely fine condition the value is around $42. In uncirculated condition the price is around $85 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $850.
Grading System
Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 Uncirculated condition- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.
Sources:
The Red Book
See also: