What Is a 1921 Morgan Silver Dollar Worth?
|Issue||Very Fine||Extremely Fine||About Uncirculated||Mint State 61||Mint State 63||Mint State 65||Finest Known|
|1921 (P)||$25||$25||$30||$35||$50||$125||$19,975 (MS67)|
How Much Is a 1921 (P) Morgan Dollar Worth?
A sum of 44,690,000 Morgan dollars were minted in Philadelphia in 1921. They are the most common issue of that year-date you will find. We refer to them here as 1921 ( P ) because these coins bear no mintmark. Most 1921 ( P ) Morgans in mobilize circumstance trade for under $ 30. Values jump in grades of MS65 and above .
How Much Is a 1921-D Morgan Dollar Worth?
1921-D Morgan silver dollar. prototype : USA CoinBook The 1921-D Morgan saw a mintage of 20,345,000 silver dollars at the Denver Mint. They are less coarse than their counterparts made in Philly, and this is reflected in their prices. once you get into uncirculated ( i.e. mint state ) grades, the 1921-S Morgan sees prices originate well. The auction record for this mint, graded Mint State 68, garnered over $ 44,000 .
How Much Is a 1921-S Morgan Dollar Worth?
1921-S Morgan silver dollar. image : USA CoinBook The San Francisco Mint struck 21,695,000 Morgan dollars in 1921. This was lone slenderly more than the number produced at the other branch mint in Denver. 1921-S Morgan dollars grading in the low mint country rate are very desirable. Like the 1921 ( P ), the auction commemorate for this issue sold for more than $ 19,000 .
Where Is the Mintmark on a 1921 Silver Dollar?
It ‘s significant to know whether or not your coin has a mintmark. On both the Morgan flatware dollar and Peace ash grey dollar, the mintmark is found on the reverse. For the Morgan dollar, this localization is centered at the bottom of the design. It is placed barely below the tail feathers of the eagle . Mintmark location on a Morgan dollar from Carson City, which stopped production in 1893. This besides raises the interrogate of fakes. The Red Book warns that collectors should be wary of alter mintmarks. How can you tell if a 1921 argent dollar is real ? Our usher to spotting counterfeit coins will give you some utilitarian tips for identifying real number eloquent dollars. For a humble tip, you can constantly submit your coin to third-party grading services such as NGC and PCGS to have the coin authenticated, as well .
Buying Morgan Silver Dollars From Gainesville Coins
We besides have Morgan argent dollars for sale that are either “ bare-assed ” or already certified by the leading third-party graders :
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What Makes The 1921 Morgan Dollar Special?
The 1921 Morgan dollar was the last year for the design. It was besides the last U.S. mint design of the nineteenth century to be struck. 1921 Morgan dollar mintages at all three U.S. Mint locations ( Philadelphia, Denver, and San Francisco ) were the highest of the series. plentiful mintages and a broken, directly strike means that the 1921 Morgan dollar is one of the least democratic coins in the series. By line, the 1895 consequence is the rarest Morgan dollar. only proof were minted that year, and good 880 of them were produced .
Why Did the U.S. Make Silver Dollars In 1921?
The Morgan dollar was never that democratic with the populace. It was invented by Congress as a subsidy for the politically potent silver mine diligence in 1878. No matchless had always expected to see fresh Morgan dollars after the final ones were struck in 1904. In fact, the chief hub were destroyed in 1910, when the U.S. Mint cleared out the hub and dies that were no longer used. Events in WWI in 1918 led to the resumption of Morgan dollar production in 1921. The british were suffering a eloquent deficit that jeopardized the entire Allied side in WWI. They had issued more silver certificates in India than they had silver to back them. If India revolted, the british would have to make peace with Germany. The british government appealed to the U.S. to sell them argent . A pile of Morgan dollars. even though it risked losing the war, the “ silverite ” cabal in Congress refused to back the thaw of silver dollars. This faction had forced the creation of the Morgan dollar in the first position. They demanded that every ash grey dollar melted was replaced after the war in return for their documentation. ( See “ The 1918 Pittman Act : Boondoggle Or Necessary Morgan Dollar Massacre ? ” for the full moon report. ) The 1918 Pittman Act forced the U.S. Mint to buy silver medal at $ 1 per snow leopard after the war to replace the 270 million silver dollars that were melted down. american samoa long as silver prices were above a dollar, the silver miners preferred to sell their ore on the open market. Once it dropped below that, they clamored for the government to buy their ash grey. That moment came in 1920 .
The 1921 Morgan Dollar: Falling Flat
The 1918 “ manage with the ash grey devil ” had come due. The government was once again buying ash grey for more than the market price. ( silver prices would hit a moo of 53 cents an ounce in March 1921. ) Since the master Morgan dollar coin hub had been destroyed in 1910, Chief Engraver of the Mint George Morgan made new low respite hub from start. His emphasis was on getting maximum consumption out of the coin dies, rather of making pretty coins. This resulted in a mint that looked flat and lifeless, even when amply struck. This would be the last-ever year for the Morgan dollar ( for real, this time, as the Peace dollar would replace it in December ). The emphasis at the Mint was not to commemorate this, but to shove them out the door arsenic quickly as possible. They would never see the light of day, anyhow. silver medal dollars were stored in Treasury Department vaults to back the newspaper silver certificates that circulated. theoretically, you could ask to exchange your certificate for actual silver dollars, but this was rarely done. The big eloquent coins good sat stacked in canvass bags inside locked vaults. Read more related posts and coin value articles from the numismatic experts at Gainesville Coins: 1921 Peace Silver Dollar Values & Mintages Eisenhower Silver Dollar Values & Price Chart rare Coins Worth Money : The Most Valuable Rare Coins canadian Quarters Worth Money : From 1870 to Today
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