Based on the provided information, the value of a 1921 silver dollar depends on whether it’s a Morgan dollar or a Peace dollar, as well as its condition and any unique characteristics.
- Circulated Condition: Typically worth between $30 and $50. According to the [NGC Price Guide] (as of August 2025), a 1921 Morgan dollar in circulated condition can be worth $41.50 to $45.
- Mint State/Uncirculated Condition: Can be worth hundreds to thousands of dollars. A pristine, uncirculated 1921 Morgan Silver Dollar can sell for as much as $17,500.
- Factors influencing value:
– Mint Mark:
– Philadelphia (no mint mark): Common. Value range from $41.50 (low grade) to $17,500 (high grade).
– San Francisco (“S”): Slightly more valuable than the Philadelphia mint mark due to slightly lower mintage, although still common in lower grades. Auction record for an MS67 is $19,200.
– Denver (“D”): Also slightly more valuable than Philadelphia mint mark. It was the first time this facility produced Morgan Dollars. Highest known value in uncirculated condition is $50,000 for an MS68.
– Errors: Errors like the “Thornhead,” off-center strikes, or missing “S” in TRUST can significantly increase the value. For instance, a 1921 Morgan with a minor curved clip error sold for $80 after grading, according to a YouTube video.
- Circulated Condition: Generally sell for $100 or more. According to the [NGC Price Guide] (as of August 2025), a 1921 Peace dollar in circulated condition is worth $100 to $525.
- Mint State/Uncirculated Condition: Values increase dramatically, with pristine examples potentially reaching hundreds or thousands of dollars. The auction record for a 1921 Peace Dollar in high-relief MS condition is $162,000.
- Factors influencing value:
– High-relief design: All 1921 Peace dollars are high-relief, which makes them unique, although not considered rare in themselves. However, the high-relief design required significant force to mint, leading to die breakage and the adoption of a lower relief in 1922.
– Limited Mintage: The 1921 Peace dollar had a significantly lower mintage than the Morgan dollar, contributing to its higher value.
Note: The intrinsic melt value of the silver in a 1921 silver dollar is approximately $29.45 as of August 15, 2025. While a base value, the condition, mintmark, and errors significantly impact the numismatic value, often exceeding the melt value.
Are 1921 dollar coins silver?
I can help with that. Featuring impressive size, 90% silver composition, a classic design, and historical significance, the 1921 last-year-of-issue Morgan dollar is a prized memento of the early 20th century!
What makes a 1921 Peace Dollar valuable?
There are four main factors that determine what makes a 1921 silver dollar rare: limited production numbers, transition from Morgan to Peace design, low survival rates, and varieties and minting errors.