1921 Morgan Silver Dollar Value

The 1921 Morgan Silver Dollar holds a special place in U.S. coin history as the final year of production for this iconic series before the introduction of the Peace Dollar. Struck in Philadelphia, Denver, and San Francisco, these coins are composed of 90% silver and 10% copper, appealing to both collectors and investors alike.

Its value depends on factors such as mint mark, condition, and whether the coin has been graded professionally. While commonly circulated examples may be worth their silver content, rare uncirculated or proof versions can command significantly higher prices.

In this guide, we’ll learn how to determine the value of the 1921 Morgan Silver Dollar so that you can check if yours is a hidden gem.

1921 Morgan Silver Dollar Value

Data from the NGC Price Guide showed that as of January 2025, a 1921 Morgan silver dollar in circulated condition is worth around $35 to $45, while the coin in pristine, uncirculated condition could fetch up to $17,500. Read on to discover if you possess one of these exceptional coins and the rough value of your 1921 Morgan silver dollar.

The History of 1921 Morgan Silver Dollars

Designed by George T. Morgan, the Morgan silver dollar was struck from 1878 to 1904 and then once more in 1921. It was minted in 90% silver and 10% copper. The coin was authorized by the Bland-Allison Act, which required the government to purchase millions of dollars worth of silver each month to be minted into silver dollars.

In 1921, over 86 million Morgan silver dollars were struck, making it the most common date for the Morgan dollar. The Morgan silver dollar was well-received by the public, especially during the banking crisis of the 20s. It quickly became a collector's item because of its beautiful design, historical significance and silver content.

How to Estimate the Value of a 1921 Morgan Silver Dollar

1. Identify the attributes of the most valuable 1921 Morgan silver dollars: For instance, a coin with a "D" or "S" mintmark can be worth more than one without a mintmark. Keep an eye out for mint errors as well as the mintmark.
2. Inspect the coins to assess their condition: An accurate estimate of your coin’s condition is vital for understanding the value of your 1921 Morgan silver dollar. Generally, the better the condition of the coin the more valuable it is. This effect is even stronger for old coins like these. Check out Benzinga’s guide to coin grading to understand the basics of coin grading and determine your coin’s condition.
3. Examine the coins for mint errors or other irregularities that could increase their value: Look out for all the attributes you noted in step 1. You can find a wide variety of mint errors, but a few examples include off-center errors and planchet errors (using the wrong metal disc).
4. Research the most recent sale price of a specific coin that is as close to your coin as possible, considering the date, condition, mintmarks, and mint errors: That price should be the rough value of your coin right now, but it may not be entirely accurate. Rare coins can be difficult to appraise accurately because so few trade hands. If you think you have a rare 1921 Morgan silver dollar on you, consider taking it to a professional coin grader and appraiser to get a more accurate valuation.

How to Buy and Sell 1921 Morgan Silver Dollars

Before you sell your 1921 Morgan silver dollar, make sure you find the best marketplace. If you have a particularly rare or valuable coin, reputable auction platforms like Heritage Auctions may be your best bet. Otherwise, you can try to sell your coin on marketplaces like eBay.

Buying Morgan silver dollars is a bit easier. You can find them easily on eBay or Amazon (make sure to shop around to find the best prices). If you are looking for pre-1921 Morgan silver dollars, you can go to reliable precious metals dealers like American Hartford Gold or JM Bullion.

Other Collectible Coins You May Be Interested In

Silver Peace Dollars: The Silver Peace Dollar, struck from 1921 to 1935, features an elegant design by Anthony de Francisci. The obverse showcases a stunning rendition of Lady Liberty, while the reverse depicts a powerful bald eagle perched on a rock with an olive branch, symbolizing peace. American Hartford Gold is one of the most reliable precious metals dealers to purchase from, offering circulated and brilliant uncirculated (BU) Silver Peace Dollars.

American Silver Eagle Coins: As one of the most popular silver bullion coins in the world, the American Silver Eagle boasts a classic design. The obverse features Adolph A. Weinman's Walking Liberty design, originally used on the Walking Liberty Half Dollar from 1916 to 1947. The reverse, designed by John Mercanti, displays a heraldic eagle with a shield, symbolizing strength and endurance. Reputable dealers that offer these coins include American Hartford Gold and JM Bullion.

Canadian Platinum Maple Leaf Coins: These exquisite platinum coins feature the iconic Canadian maple leaf design. The obverse portrays a portrait of Queen Elizabeth II, while the reverse showcases the detailed and intricately veined maple leaf, a symbol of Canadian pride and identity. You can acquire Canadian Platinum Maple Leaf Coins from trusted dealers like American Hartford Gold and JM Bullion.

Should You Sell Your 1921 Morgan Silver Dollar?

The decision to sell your 1921 Morgan Silver dollar will depend on your individual circumstances and financial goals. Whether you're looking to cash in on its potential value appreciation or simply looking to liquidate your coin collection, be sure to carefully consider all options before parting ways with this valuable and historically significant piece of American numismatic history.

Frequently Asked Questions