There are two main types of 1921 silver dollars: the Morgan dollar and the Peace dollar . Their values differ significantly:
- Average circulated condition: Generally sells for $30 – $50.
- Melt value: Around $29 as of August 14, 2025.
- Mint state (MS60-MS63): Values can range from $60 – $150, but can increase depending on the quality of the strike and visual appeal.
- MS65 and higher: Can reach values of $200-$500 or more, with some extreme cases exceeding $17,500.
- Rarity and errors: While 1921 Morgan dollars are relatively common due to high mintage, specific variations with minting errors like the “thorn head” error or a missing “S” in TRUST can increase the value considerably, potentially fetching hundreds or even thousands of dollars.
- Average circulated condition: Usually sells for $100 or more.
- Melt value: Around $29 as of August 14, 2025.
- High-grade examples (MS65+): Can command significantly higher prices, potentially reaching thousands or even tens of thousands of dollars.
- Rarity: Less common than the 1921 Morgan dollar due to a lower mintage, which enhances its value for collectors.
- High Relief Design: All 1921 Peace Dollars have a high-relief design, making them unique but not considered a rare variety within the series.
- Type of coin: Morgan vs. Peace dollar.
- Condition/grade: The higher the grade (e.g., Uncirculated or Mint State), the more valuable the coin.
- Mint mark: While less impactful than for other Morgan dollar years, a “D” (Denver) or “S” (San Francisco) mint mark can slightly increase the value of a 1921 Morgan dollar compared to those without a mint mark (Philadelphia).
- Errors and varieties: Specific minting errors can significantly boost the coin’s rarity and value.
It is important to note that the values listed are estimations, and the actual worth of a coin can vary depending on market conditions, the specific grade, and any unique characteristics it may possess. Consulting a professional coin appraiser is recommended for an accurate valuation, especially for high-grade or potentially rare specimens.
How do I know if my 1921 silver dollar is valuable?
Melt Value.
Condition.
Mint Mark.
Rare Errors and Varieties.