This year saw the premiere of the silver dollar that capped the American Coin Renaissance and the curtain call of a silver dollar that no one had ever wanted.
What Is the Value of a Morgan Peace Button in 1921?
Issue Very Fine Very Fine-About Uncirculated Mint State 61 Mint State 63 Mint State 65 Finest Known 1921 (P) $36 $42 $52 $75 $125 $285 $19,975 (MS67) 1921-D $36 $45 $55 $85 $250 $600 $44,063 (MS68) 1921-S $43 $50 $59 $75 $90 $825 $19,200 (MS67)
In 1921, Philadelphia issued 44,690,000 Morgan dollars in total. They are the most prevalent issue in that date range. Because they lack a mintmark, we will refer to them here as 1921 (P).
Most circulated 1921 (P) Morgans sell for less than $30. Values rise when a grade is MS65 or higher.
What is the value of a 1921-D Morgan dollar?
Morgan silver dollar, 1921-D, 1921-D Morgan silver dollar. Image:
USA CoinBook The Denver Mint produced 20,345,000 silver dollars of the 1921-D Morgan coin. Their prices reflect that they are less common than their counterparts made in Philadelphia.
The 1921-S Morgan sees significant price increases once you enter 1965 quarter, the uncirculated (i.e., mint state) grades. Over $44,000 was raised for this coin's Mint State 68 auction record.
What is the value of a 1921 S Morgan dollar?
Morgan silver dollar from 1921 in the year S. Image:
USA CoinBook In 1921, the San Francisco Mint produced 21,695,000 Morgan dollars. This was more than the number made at the other Denver branch mint.
Very desirable area 1921-S Morgan dollars that grade in the low mint state range. The auction record for this issue, like 1921 (P), sold for over $19,000.
Is the Morgan Silver Dollar from 1921 uncommon?
The quick response is no. In 1921, more than 86 million Morgan dollars were issued by the three branch mints. This is by a long shot the highest mintage of silver dollars for any year in U.S. history.
In addition, Morgan dollars were not minted again until 1921. As a result, many of these coins have been kept in almost-uncirculated condition, making them affordable.
Where is the 1921 silver dollar mintmark located?
It is essential to know if your coin bears a mintmark. The mintmark is on the reverse of the Peace and Morgan silver dollars.
For the Morgan dollar, this area focuses on the plan's lower part. It is situated just below the eagle's tail feathers. Again, if there is no mintmark on your silver dollar, it was minted in Philadelphia.
A Morgan dollar from Carson City, which ceased production in 1893, bears the mintmark cc Mintmark location.
This likewise brings up the issue of fakes. Collectors should be wary of altered mintmarks, according to The Red Book. How can you verify the authenticity of a 1921 silver dollar?
You can use the helpful hints in our guide on spotting counterfeit coins to identify genuine silver dollars. You can always have your coin authenticated by submitting it to third-party 1921 silver dollar value grading services like NGC and PCGS for a small fee.
Gainesville Coins Offers Morgan Silver Dollars for Sale. We also offer Morgan Silver Dollars for Sale that has already been "raw" graded by the best third-party graders:
Morgan silver dollar cull condition Common Date AS LOW AS $34.98 One peace silver dollar cull expected Date AS LOW AS $32.98 One peace silver dollar coins very Peace Silver Dollar Coins: 1 morgan silver dollars ngc pcgs 1878-1904 Morgan Silver Dollars - MS-64 NGC/PCGS AS LOW AS $130.00 1 random date certified morgan silver Dollars - MS-63 NGC/PCGS AS LOW AS $105.00 1 morgan silver dollar about good - good condition Common Date Out Of Stock What Makes The 1921 Morgan Dollar Special?
The design was discontinued in 1921 for the Morgan dollar. Additionally, it was the final 19th-century U.S. coin design to be produced. The highest number of 1921 Morgan dollars was directed at all three U.S. Mint locations (Philadelphia, Denver, and San Francisco). The 1921 Morgan dollar is one of the series' most minor popular coins due to its limited mintage and flat, low strike.
In 1921, why did the United States issue silver dollars?
The Morgan dollar was never that well known to people in general. In 1878, Congress came up with it as a way to give money to the politically powerful silver mining industry. After the last Morgan dollars were minted in 1904, no one expected to see any more. The U.S. Mint disposed of the obsolete hubs and dies in 1910, which destroyed the master hubs.
Morgan dollar production resumed in 1921 as a result of events in World War I in 1918. During World War I, the British silver shortage put the Allied side in jeopardy. In India, they had issued more silver certificates than backing silver. Assuming India revolted, the English would find to make harmony with Germany. Consequently, the British government requested silver from the United States.
A heap of Morgan dollars, A heap of money.
The "Silverite" section of Congress refused to support the melting of silver dollars, even though it would have lost the war. Initially, this group had pushed for the Morgan dollar's creation. However, in exchange for their support, they demanded that each melted silver dollar be replaced following the war. See "The Pittman Act of 1918: Boondoggle or Justifiable Morgan Dollar Massacre? for more information.)
After the war, the U.S. Mint was compelled by the 1918 Pittman Act to purchase silver for $1 an ounce to replace the 270 million silver dollars that had been melted down. The silver miners preferred to sell their ore on the open market if silver prices exceeded one dollar. They cried out for the government to buy their silver once it fell below that level. In 1920, that moment they arrived.
The Morgan Dollar of 1921:
The "deal with the silver devil" of 1918 had ended. Once more, the government purchased silver at a price higher than the market price. As a result, in March 1921, silver prices fell to 53 cents an ounce.)
Chief Engraver of the Mint George Morgan created brand-new low relief hubs from scratch after the master Morgan dollar coin hubs were destroyed in 1910. But, instead of making pretty coins, he was more concerned with making the most of the coin dies.
This brought about a coin that looked level and inert, in any event, when ultimately struck. Since the Peace dollar would take place in December, this would be the last year the Morgan dollar existed. At the Mint, the focus was not on remembering this but hurrying them out the door. In any case, they would never see the light of day.
The paper silver certificates in circulation were backed by silver dollars kept in vaults at the Treasury Department. You could request that your certificate be exchanged for 1965 quarter silver dollars, but this was rarely done. So instead, the massive silver coins were stacked in canvas bags inside locked vaults.
Why Acquire Back The Silver Dollar The Primary spot?
Seventeen years since the first silver dollars were issued in 1921. There was no need or desire to produce additional Morgan dollars because the Treasury Department's coin vaults literally held hundreds of millions of unwanted ones.
Congress had different plans. The 1918 Pittman Act made a promise to politicians from silver-mining states to replace all 270 million silver dollars that were melted to support the war effort in a "deal with the silver devil." That bill was due when silver prices fell from their wartime highs in 1921.