1921 Morgan Silver Dollar AU

How Much is a 1921 Morgan Silver Dollar AU Worth?

At today’s spot price of $59.12/oz, the melt value of a 1921 Morgan Silver Dollar AU is $45.72. Each coin contains 0.7734 troy ounces of .900 fine silver. The cheapest dealer price right now is $50.01 from Hero Bullion — a premium of $4.29 (9.4%) over melt. The average dealer price across 6 offers is $54.23.

Expert Notes

The 1921 Morgan Silver Dollar AU lets silver investors secure a classic U.S. Mint issue with strong eye appeal, near-uncirculated detail, and low relative premiums. Struck in 90% silver and containing 0.7734 troy ounces of silver, this About Uncirculated example shows only light friction on the highest points while retaining most mint luster—an efficient balance of collectability and metal value. Use this page to compare premiums and find the most cost-effective price on a 1921 Morgan Silver Dollar AU.

On the obverse, George T. Morgan’s Liberty wears a Phrygian cap with cotton bolls and wheat, symbols of American agriculture and unity. The word LIBERTY appears on her headband, with the date below and 13 stars around the rim. The reverse features an eagle with outstretched wings clutching arrows and an olive branch, framed by a laurel wreath, with IN GOD WE TRUST above and UNITED STATES OF AMERICA and ONE DOLLAR around. For 1921, the U.S. Mint used a revised, slightly lower-relief hub, giving many coins a crisper outline but a subtly different look than earlier dates. Mint marks (D or S) appear beneath the wreath; Philadelphia issues have no mint mark.

Highlights

• Product: 1921 Morgan Silver Dollar AU – classic 90% silver U.S. coinage with strong detail and light high-point wear.
• Silver content: 0.7734 troy ounces of silver; 90% silver, 10% copper (total weight 26.73 g; diameter 38.1 mm; reeded edge).
• Minted by the United States Mint in 1921 at Philadelphia (no mint mark), Denver (D), and San Francisco (S); Denver’s only Morgan Dollar year.
• Historic context: Struck to replace silver dollars melted under the Pittman Act of 1918; final circulating year of the Morgan series before the Peace Dollar debuted late in 1921.
• Obverse: Liberty in a Phrygian cap with cotton and wheat; date and 13 stars.
• Reverse: Eagle with olive branch and arrows within a laurel wreath; IN GOD WE TRUST in Gothic script; mint mark beneath the wreath.
• Ample surviving supply makes AU a practical grade for value-focused collectors and bullion-minded buyers.
• Compare dealer premiums here to find the cheapest price for the 1921 Morgan Silver Dollar AU.

Design, History, and Mintage of the 1921 Morgan Dollar

After production paused in 1904, the Morgan series returned in 1921 to meet the Pittman Act’s recoinage mandate, which followed the melting of hundreds of millions of silver dollars during World War I. With new master dies prepared in a slightly lower relief, 1921 coins often show distinct design nuances versus pre-1904 issues. Later in 1921, the Peace Dollar replaced the Morgan design, making 1921 both a revival and a finale.

Mintage was significant: approximately 44.7 million at Philadelphia, 20.3 million at Denver, and 21.7 million at San Francisco, with no formal mintage cap. The 1921-D stands out as the first and only Denver Mint Morgan. While many circulated, large numbers remained stored for years, leaving today’s market with broad availability in circulated through About Uncirculated levels and select Mint State examples.

Why Choose AU for the 1921 Morgan Silver Dollar

About Uncirculated coins typically grade AU50–AU58 and show minimal rub on the highest points with much original luster remaining. For buyers who want the historic design and strong detail without the higher premiums commanded by Mint State pieces, the 1921 Morgan Silver Dollar AU offers a practical balance. Because silver content is constant across grades, comparing dealer premiums is the key to identifying the best value for stacking or a cost-conscious type set.

FAQ: 1921 Morgan Silver Dollar AU

• Q: Who made the 1921 Morgan Silver Dollar? A: The United States Mint struck it in 1921 at Philadelphia (no mint mark), Denver (D), and San Francisco (S).
• Q: What does AU mean? A: AU stands for About Uncirculated, typically AU50–AU58, indicating light wear on the highest points with much original luster remaining.
• Q: How much silver is in a 1921 Morgan Silver Dollar? A: Each coin contains 0.7734 troy ounces of silver in a 90% silver, 10% copper alloy.
• Q: What are the coin’s dimensions? A: Diameter is about 38.1 mm with a reeded edge and a total weight of 26.73 grams.
• Q: Where is the mint mark located? A: On the reverse beneath the wreath; D for Denver, S for San Francisco, and no mint mark for Philadelphia.
• Q: Are 1921 Morgans rare? A: 1921 had high mintages, so the date is common overall. However, pricing varies by grade, eye appeal, and mint mark.
• Q: Is it legal tender? A: Yes, it has a face value of one U.S. dollar, though market value is based on silver content and collector demand.
• Q: How should I store AU coins? A: Use inert holders or capsules, handle by the edges, and avoid PVC. Store in a dry, stable environment.
• Q: How can I confirm authenticity? A: Check weight, diameter, and non-magnetic properties; buy from reputable sources; consider professional grading if needed.
• Q: Why compare prices before buying? A: Premiums vary by dealer, grade, and mint mark. Comparing prices helps you find the cheapest 1921 Morgan Silver Dollar AU for your goals.

1921 Morgan Silver Dollar AU Specifications

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