For instance, Morgan dollars minted in all three mints are abundant today, making them relatively affordable. On the other hand, rarer Peace dollars can be expensive, particularly only a few struck proofs. Let's check!
The US Mint issued two silver dollar types in 1921 because it was the first minting year for Peace dollars and the last for Morgan dollars. Therefore, you can expect the 1921 silver dollar value to vary significantly.
For instance, Morgan dollars minted in all three mints are abundant today, making them relatively affordable. On the other hand, rarer Peace dollars can be expensive, particularly only a few struck proofs. Let's check!
1921 Silver dollar Value Chart | ||||
Condition | Morgan dollar | Peace dollar (high relief) | ||
| 1921 No Mint mark dollar | 1921 D dollar | 1921 S dollar | 1921 No Mint mark dollar |
Good | $42 | $42 | $42 | $180 |
Very good | $46 | $46 | $46 | $209 |
Fine | $50 | $50 | $50 | $239 |
Very fine | $53 | $53 | $53 | $299 |
Extra fine | $55 | $55 | $55 | $357 |
AU | $60 | $60 | $60 | $443 |
MS 60 | $75 | $75 | $75 | $629 |
MS 65 | $258 | $578 | $874 | $3808 |
PR 65 | / | / | / | $188131 |
(Coin Value Checker)
The first Morgan dollars appeared in 1878 based on George T. Morgan's design. Their production aimed to create a safe market for silver mined in American mines. Even though their production was finished in 1904, the US Mint made one more attempt in 1921. It was the last year of their minting.
The first Peace dollars appeared in 1921 to celebrate the end of WWI, and their production lasted until 1935. After historian Farran Zerbe proposed this coin minting, Anthony de Francisci's design became a reality as soon as he won a competition.
In 1921, the US Mint released two types of silver dollars into circulation. It was the first year of Peace dollar minting and the last year of the Morgan dollar production.
The US Mint produced 86,730,000 Morgan dollars from regular strikes in 1921. Besides, it is estimated that about 250 proofs were also minted.
The Philadelphia had a high mintage of 1921 No Mint mark silver dollars, 44,690,000 pieces. Those in circulated condition are available for less than $40, while better-ranked pieces cost $35 to $750.
On the other hand, you can expect coins in MS 67 grade to be worth $9,400 to $13,000, while those ranked MS 68 are assessed at $28,000 to $32,200.
Some collectors prefer 1921 PL Morgan dollars and are prepared to pay $160 to $190 for those in AU grade, while the price ranking for uncirculated pieces is $200 to $2,880. The highest quality ones in MS 66 grade cost $5,000 to $6,000.
Finally, you can find the 1921 DMPL Morgan dollars on the market. They often cost $1,500 to $9,000 (MS 60 to MS 64 grades), while those ranked MS 65 are estimated at $13,000 to $15,600.
According to official data, only about 250 Morgan proofs came from the US Mint in 1921. Depending on their preservation level, you can expect their value to be from $4,000 to almost $300,000.
Precisely 20,345,000 Morgan dollars with the D mint mark were issued in 1921. They are still available on the current market, and you need to set aside only about $25 to $55 for a piece in circulated condition.
On the other hand, the price of those in the mint state depends on their quality, so you should pay at least $60 for coins in MS 60 grade and up to $920 for the one ranked MS 66. The situation is entirely different with perfectly looked specimens, and you should count on the following prices:
$15,000 to $24,000 for the Morgan dollar in MS 67 grade
$38,000 to $45,000 for the Morgan dollar in MS 68 grade
If you prefer the 1921 PL Morgans, it is possible to find one in AU condition for $220, while those in the mint state cost $330 (MS 60) to $7,200 (MS 65). The 1921 DMPL Morgan dollars are more expensive, ranging from $1,800 to $17,160, depending on their grade.
The San Francisco mintage in 1921 included 21,695,000 Morgan silver dollars. Since most were released into circulation, their price is a modest $25 to $55 on the current coin market. Expectedly, those in the mint mark are costlier, with an average price range from $60 (MS 60) to $900 (MS 65).
However, specimens in the highest grades are significantly pricier, with estimated prices of approximately $2,450 to $8,500 for coins ranked MS 66. Those in MS 67 grade are even more valuable, so you can expect to pay about $22,500 to $35,000 per one.
Numismatists often look for the 1921 S PL silver Morgans and are prepared to add them to their collections for over $5,000. It is the assessed price for pieces in MS 61 grade, while those with MS 65 ranking quickly reach $28,000 to $33,600 at auctions.
The US Mint issued 1,006,488 Peace dollars from regular strikes, including only about 15 proofs in 1921.
The Philadelphia mint released into circulation 1,006,473 Peace dollars from the regular strike. These silver coins with high relief are valuable collectibles nowadays, and you can expect to pay at least $100 to $400 per circulated piece.
Specimens that never spent any time in circulation are expensive today, and it is necessary to set aside at least $475 for the one in MS 60 grade to almost $1,000 when you want to buy a coin in MS 63 grade.
Best-ranked Peace dollars on the Sheldon scale cost significantly more. For instance, those in MS 64 grade cost $1,300 to $1,650, while you should count on about $96,000 to $135,000 for scarce coins with MS 67 ranking.
Experts believe that the mint in Philadelphia produced about 15 proofs with a satin finish in 1921. Their estimated values start with $48,000 to $55,200 (PR 63) and go to $160,000 to $184,000 for proofs in PR 66 grade.
Yes, It’s hard to find the value of coins, if you still not sure your 1921 dollar value, Coin Value Lookup can help you, it’s a team of coin collecting enthusiasts who have created this site as a free resource for people looking to identify and value their coins.
Both silver dollars minted in 1921 are standard circulation coins. George T. Morgan created the Morgan dollar, while engraver Anthony de Francisci was responsible for the Peace dollar look.
Lady Liberty with LIBERTY on her crown dominates this coin obverse, while the rest of the design includes 13 stars, the Latin motto, and the date.
The reverse shows an eagle with an olive branch and arrows in its claws. They are surrounded by a wreath and inscriptions (the state name, denomination, and required American motto).
This coin obverse includes a Lady Liberty with a headband and inscriptions like LIBERTY, the date, designer initials, and IN GOD WE TRVST.
The reverse side depicts an American eagle standing on a rock, the word PEACE, and the lettering standard for this coin type. You can read E PLURIBUS UNUM, the denomination, and UNITED STATES OF AMERICA there.
Both dollars minted in 1921 are round pieces made of 90% silver. Their total weight was 0.8594 troy ounces or 26.73 grams, of which 0.77344 troy ounces (24.50 g) were silver. Coins were 0.09449 inches thick, equaling 2.40 mm on the metric scale, with a diameter of 1.50 inches or 38.10 mm.
The 1921 Peace dollars came with one significant error (Line through L). One of these rare coins was sold for $5,160. On the other hand, Morgan silver dollars minted this year came with numerous VAM die varieties and a few errors, like Off-center and Missing R.
When you want to properly grade the Peace and Morgan dollars minted in 1921, sending them to a relevant grading company is crucial. Only precise evaluation can ensure high prices at auctions, particularly for rare pieces.
The most expensive 1922 Peace dollar is the one in MS 67 grade, sold in 2014 for $458,250. The costliest Morgan dollar minted in Carlson City in 1889 and in MS 68 grade was sold for $881,250 in 2013.