The value of a 1921 silver dollar depends on whether it is a Morgan Silver Dollar or a Peace Silver Dollar, as well as its condition, mintmark, and any potential errors.
- Average Circulated Condition: Typically worth around $30-$50.
- Uncirculated (Mint State) Condition: Can be worth hundreds to thousands of dollars.
– For example, an MS65 graded coin might sell for $175, while a high-grade MS67 could potentially fetch $11,500.
- Mintmark: The Philadelphia Mint produced the largest number of 1921 Morgan Dollars (no mintmark), making them the most common and generally the least valuable. San Francisco (S) and Denver (D) mints produced fewer coins, so they might command a slightly higher price in certain grades.
- Errors: Certain errors can significantly increase the value. Some notable errors include:
– Thornhead Error: A distinctive die defect creating a thorn-like mark on Liberty’s head.
– Off-Center Strike: The design is not perfectly centered on the coin.
– Missing “S” in TRUST: The letter “S” in “TRUST” is absent due to a die error.
- Average Condition: Generally sells for $100 or more, with higher-grade examples fetching hundreds or even thousands of dollars.
- Mintmark: All 1921 Peace Dollars were minted in Philadelphia and lack a mintmark.
- Rarity: The 1921 Peace Dollar had a significantly lower mintage than the Morgan Dollar, making it a more valuable collector’s item, especially in high grades.
- Condition (Grade): Coins in better condition (higher grades) are more valuable. Professional grading services (PCGS and NGC) can certify a coin’s authenticity and condition.
- Mintmark: Indicates where the coin was minted, impacting its rarity and demand.
- Errors/Varieties: Rare minting mistakes or variations can increase value significantly.
- Silver Content: Both Morgan and Peace dollars contain 90% silver, providing a base value linked to the fluctuating price of silver.
You can sell your 1921 silver dollar to coin dealers, pawn shops, online buyers, and auction houses . Reputable dealers like Vermillion Enterprises or American Rare Coin and Collectibles are good places to start . Be sure to compare prices from multiple sources to ensure you get a fair value for your coin.
