There are two different types of US silver dollar coins from 1921: the Morgan silver dollar and the Peace silver dollar.
- Circulated condition: Generally worth $30-$50.
- Uncirculated condition (Mint State or MS60-MS63): Can be worth hundreds to thousands of dollars, depending on the grade and mint mark.
- Mint marks: 1921 Morgan dollars were minted in Philadelphia (no mint mark), San Francisco (S), and Denver (D).
– Philadelphia Mint coins are the most common.
– Denver Mint coins (1921-D) are notable because 1921 was the only year they were produced there.
– San Francisco Mint coins (1921-S) in high grades are particularly desirable.
- Errors and varieties: Some 1921 Morgan dollars have errors or variations that increase their value, such as the “thorn head” error or off-center strikes.
- Circulated condition: More valuable than Morgan dollars, generally starting around $100.
- Uncirculated condition (MS60-MS63): Can be worth hundreds to thousands of dollars, depending on the grade.
- High relief: All 1921 Peace dollars are considered high-relief, a feature that was discontinued after 1921. This makes the 1921 Peace dollar unique within its series.
- Condition (Grade): The condition of the coin is a major factor in determining its value. Uncirculated or higher-grade examples command a premium.
- Melt Value: The melt value of the coin is a baseline value, representing the value of the silver it contains. Both Morgan and Peace dollars minted in 1921 contain approximately 0.7734 ounces of silver.
- Mint Mark: While not as impactful for 1921 silver dollars as for some other years, the mint mark can still play a role. 1921 Peace dollars were only minted in Philadelphia (no mint mark).
- Errors and Varieties: Rare minting errors or unique varieties can significantly increase the value of a 1921 silver dollar.
Important Note: It’s essential to have your coin professionally graded and authenticated to determine its exact value.
