1921 Dollar Coin
1921 Morgan Silver Dollar Value Pushed higher by bullion prices your 1921 Morgan silver dollar value is a minimum of. And of higher value to collectors are those found today in top preservation. Like all other Morgan Dollars minted, the 1921 features a composition of 90% silver and 10% copper. The coin weighs 26.73 grams and has a diameter of 38.1mm or 1.5 inches. Reeding, or small bumps on the edge of the coin, is present and denticles can be found on both the obverse and reverse. About the 1921 Peace Silver Dollar.
These US silver dollars were designed by a man named George Morgan, so collectors call them Morgan Dollars. They are highly prized collectibles.
Most Morgans you see today are 'common date' coins. 1921 is the most common of the common dates, as hundreds of millions of them were made. Coins with better dates, not common dates, are listed below. They are more valuable.
To figure the value of a US Morgan silver dollar, start with its basic silver value. Each Morgan silver dollar coin contains 0.773 troy ounces of silver. Use a web site such as kitco.com to find the current price of silver in US dollars per troy ounce, then multiply that price by 0.773 to calculate the base value (BV) of the coin. The value can never go lower than BV. For instance, if the value of silver is $20 per troy ounce, the base silver value would be 0.773 x 20 = $15.50.
NEVER CLEAN A COIN. CLEANING RUINS VALUE.
Never clean or polish Morgan dollars. Cleaning, polishing, scraping, sanding, brushing, using steel wool, and all abrasive procedures ruin value.
Values appear on this page for common dates first, then the better dates. Common dates are those that do not appear in the better date listing. To attain these values, a coin must be free of all problems such as scratches, spots, stains, cleanings, nicks, holes, dings, scuffs, and any other kind of damage.
COMMON DATE MORGAN DOLLARS (except coins dated 1921):
worn: BV + $3 retail value
average circulated: BV + $5
well preserved: BV + $10
fully uncirculated: BV + $25
MORGAN DOLLARS DATED 1921 (includes coins with mint marks):
circulated: BV + $3 retail value
fully uncirculated: BV + $8
The values above are approximate retail prices, that is, prices paid by collectors or investors for Morgans they buy from coin dealers. If you want to sell your Morgan dollar to a coin dealer, he or she will pay substantially less than retail. For single coins, margins can be as high as 100%, that is, one-half retail. For a large number of coins, margins can go way down. Coin dealers use the margins to keep their business afloat.
Note: if you have a 1921 peace silver dollar, and not a 1921 Morgan silver dollar (the picture on this page shows a Morgan dollar), you have a valuable coin. See our appraisal page for peace dollars at this link [PRESS HERE].
There are particular dates and mint marks in the Morgan dollar series that are better dates. Look for the mint mark (S, O, or CC) under the wreath on the back of the coin. Those with CC mint marks (CC = Carson City, Nevada mint), command especially high prices.
Better date Morgans appear in the list below. The values at the right of each date is an approximate catalog value for coins in average circulated condition. To attain these values, a coin must be free of all problems such as scratches, spots, stains, cleanings, nicks, holes, dings, scuffs, and any other kind of damage. Coins in better condition, e.g., well preserved, fully uncirculated, are worth much more. Coins in worn condition are worth about one-third of these values.
BETTER DATES (for common dates, see the table further up on this page)
1878CC: $100 US dollars approximate catalog value
1879CC: $250
1880CC: $180
1881CC: $350
1884CC: $120
1885CC: $500
1888S: $150
1889CC: $1100
1892CC: $350
1892S: $120
1893: $200
1893CC: $600
1893O: $300
1893S: $4500
1894: $1100
1895: $25000
1895O: $350
1895S: $750
1899: $150
1902S: $120
1903O: $300
1903S: $190
Be sure you understand what 'catalog' means, as this is an inflated value. Check our Terminology page for an explanation.
Hope you have an 1895!
Peace Type Dollar 1921-1935 Cardboard Coin Folder. 4.2 out of 5 stars 7. 1924 P Peace Dollar $1 Brilliant Uncirculated. 1921 Morgan Silver Dollar. CoinTrackers.com has estimated the 1921 Morgan Silver Dollar value at an average of $28, one in certified mint state (MS+) could be worth $120. Type: Morgan Silver Dollar.
Created (yyyymm): 200906, Last review: 201812
Appearance: Normal round coin Metallic gray Letters: Latin
Years: sort: 1878, filter: 1878 to 1921
Image: us_morgan_dollar_unc.jpg
Original inquiry: e pluribus unum united states of america in god we trust one dollar eagle hair liberty eagle stars liberty wreath tiera crown tiara eagle hawk falcon wreath star starburst
The Year of Two Different Dollars
1921 was a unique year for the US silver dollar program. The Mint saw the return of the Morgan Silver Dollar, as well as the start of production for the Peace Silver Dollar. During this time in history, it was very uncommon for the Mint to produce two different types of designs for the same denomination coin in one year.
For the majority of the year, the Mint produced the Morgan Silver Dollar, while the design for the Peace Dollar was being finalized. After Anthony de Francisci’s design for the Peace Dollar had been approved, the Mint went to work, quickly implementing the design for production.
In the last months of 1921, the Morgan Silver Dollar was finally retired, and Francisci’s Peace Dollar was finally put into production. This change marked the end of the Morgan Dollar as the official US Silver Dollar design, which was used from 1878 till 1904, and again in 1921.
Similar to the Morgan Dollar, the Peace Dollar would continue to be minted until 1928, when it was discontinued due to a lack of silver. It would later be reintroduced in 1934 and 1935 before being officially discontinued.
About the 1921 Morgan Silver Dollar
After being on a hiatus for 16 years, George T. Morgan’s silver dollar had finally begun minting again in 1921. The reason for the 16-year gap between minting was due to the lack of silver blanks necessary to create the Morgan Dollar. The re-minting of the Morgan Dollar was short-lived and only lasted for about three-fourths of a year before being officially discontinued.
During this short minting run, the Morgan Dollar was minted in great numbers, with approximately 44,690,000 examples struck. This makes 1921 the year that the most Morgan Dollars were minted, far surpassing the next closest mintage of 21 million in 1889.
Like all other Morgan Dollars minted, the 1921 features a composition of 90% silver and 10% copper. The coin weighs 26.73 grams and has a diameter of 38.1mm or 1.5 inches. Reeding, or small bumps on the edge of the coin, is present and denticles can be found on both the obverse and reverse.
About the 1921 Peace Silver Dollar
Because of the Peace Dollar’s minting at the end of 1921, not many examples were produced. Only 1,006,000 coins were produced and distributed to the public. This low mintage makes the 1921 Peace Dollar much rarer than the 1921 Morgan Dollar.
Despite the low mintage, the 1921 Peace Dollar was greeted with positive reviews by the public. This increasing consumer demand and wide acceptance by the public led the mint to begin producing large quantities in the following years.
The Peace Dollar shares the same 90% silver, 10% copper composition as the Morgan Dollar. Even the weight and diameter were kept the same so the mint could use the same silver blanks that were used to produce the Morgan Silver Dollar. Reeding is present on the edges, but no denticles can be found on the obverse or reverse.
Value of the 1921 Silver Dollars
Although produced in the same year, the 1921 Morgan and Peace Dollars have very different values. This difference in price mainly comes from the difference in mintage numbers for the two coins.
Since a huge number of Morgan Dollars were minted in 1921, the prices tend to be much lower than other dates in the series. An average grade 1921 Morgan Silver Dollar tends to have a slight premium above the coin's silver content, valued at about $22. This value changes if the coin is in Uncirculated condition, increasing to around $35. If graded at MS-63, the 1921 Morgan Dollar is estimated to be worth $55.
The 1921 Peace Dollar is almost the exact opposite of the 1921 Morgan Dollar when it comes to mintage numbers and value. Because of its very low mintage, the 1921 Peace Dollar is much rarer and in turn much more valuable than the 1921 Morgan Dollar.
1921 Dollar Coin Price
Even 1921 Peace Dollars that are in Good condition are valued at $70 and those in Extremely Fine condition are worth $105. Uncirculated examples sell for about $230 and MS-63 graded examples are valued at $440.
1921 Dollar Coin O.u.s.v.a
When it comes to coins and the prices that collectors place on them, prices are normally related to how rare the coin is compared to other dates in the series. This can clearly be seen with the 1921 Morgan and Peace Dollars, where the more common Morgan Dollar is priced much lower than the much rarer Peace Dollar.