1921 Morgan Silver Dollar Value

Read our Advertiser Disclosure.
Contributor, Benzinga
November 2, 2023

The 1921 Morgan silver dollar is a remarkable American coin that has captured the fascination of numismatists and history enthusiasts alike. With potential value far beyond its face value, this iconic piece of American currency tells a story of a bygone era of intricate coinage legislation and U.S. politics (and economics) while offering a tantalizing investment opportunity for collectors. This article will guide you on how to determine the approximate value of your 1921 Morgan silver dollar or how to purchase one.

1921 Morgan Silver Dollar Value TLDR

In general, 1921 Morgan silver dollars are worth about $25 to $45 in average condition, while uncirculated coins can command hundreds of dollars. Some examples in mint condition or with unique marks or errors may be worth substantially more. Read on to discover if you possess one of these exceptional coins and the rough value of your 1921 Morgan silver dollar.

The History of 1921 Morgan Silver Dollars

Designed by George T. Morgan, the Morgan silver dollar was struck from 1878 to 1904 and then once more in 1921. It was minted in 90% silver and 10% copper. The coin was authorized by the Bland-Allison Act, which required the government to purchase millions of dollars worth of silver each month to be minted into silver dollars. In 1921, over 86 million Morgan silver dollars were struck, making it the most common date for the Morgan dollar. The Morgan silver dollar was well-received by the public, especially in the banking crisis of the 20s. It quickly became a collector's item because of its beautiful design, historical significance and silver content.

How to Estimate the Value of a 1921 Morgan Silver Dollar

  1. Identify the attributes of the most valuable 1921 Morgan silver dollars: For instance, a coin with a "D" or "S" mintmark can be worth more than one without a mintmark. Keep an eye out for mint errors as well as the mintmark. 
  2. Inspect the coins to assess their condition: An accurate estimate of your coin’s condition is vital for understanding the value of your 1921 Morgan silver dollar. Generally, the better the condition of the coin the more valuable it is. This effect is even stronger for old coins like these. Check out Benzinga’s guide to coin grading to understand the basics of coin grading to determine your coin’s condition.
  3. Examine the coins for mint errors or other irregularities that could increase their value: Look out for all the attributes you noted in step 1. You can find a wide variety of mint errors, but a few examples include off-center errors and planchet errors (using the wrong metal disc).
  4. Research the most recent sale price of a specific coin that is as close to your coin as possible, considering the date, condition, mintmarks and mint errors: That price should be the rough value of your coin right now, but it may not be entirely accurate. Rare coins can be difficult to accurately appraise because so few trade hands. If you think you have a rare 1921 Morgan silver dollar on your hands, consider taking it to a professional coin grader and appraiser to get a more accurate valuation.  

How to Buy and Sell 1921 Morgan Silver Dollars

Before you sell your 1921 Morgan silver dollar, make sure you find the best marketplace for you. If you have a particularly rare or valuable coin, reputable auction platforms like Heritage Auctions may be your best bet. Otherwise, you can try to sell your coin on marketplaces like eBay. Buying Morgan silver dollars is a bit easier. You can find them easily on eBay or Amazon (make sure to shop around to find the best prices). If you are looking for pre-1921 Morgan silver dollars, you can go to reliable precious metals dealers like American Hartford Gold or JM Bullion.

Other Collectible Coins You May Be Interested In

  1. Silver Peace Dollars: The Silver Peace Dollar, struck from 1921 to 1935, features an elegant design by Anthony de Francisci. The obverse showcases a stunning rendition of Lady Liberty, while the reverse depicts a powerful bald eagle perched on a rock with an olive branch, symbolizing peace. American Hartford Gold is one of the most reliable precious metals dealers to purchase from, offering circulated and brilliant uncirculated (BU) Silver Peace Dollars.
  1. American Silver Eagle Coins: As one of the most popular silver bullion coins in the world, the American Silver Eagle boasts a classic design. The obverse features Adolph A. Weinman's Walking Liberty design, originally used on the Walking Liberty Half Dollar from 1916 to 1947. The reverse, designed by John Mercanti, displays a heraldic eagle with a shield, symbolizing strength and endurance. Reputable dealers that offer these coins include American Hartford Gold, Gold Gate Capital, AMPEX and JM Bullion.
  1. Canadian Platinum Maple Leaf Coins: These exquisite platinum coins feature the iconic Canadian maple leaf design. The obverse portrays a portrait of Queen Elizabeth II, while the reverse showcases the detailed and intricately veined maple leaf, a symbol of Canadian pride and identity. You can acquire Canadian Platinum Maple Leaf Coins from trusted dealers like American Hartford Gold, AMPEX and JM Bullion.

Frequently Asked Questions


What is a 1921 Morgan silver dollar worth today?


The value of a 1921 Morgan silver dollar can vary depending on its condition and rarity. On average, a circulated 1921 Morgan silver dollar can be worth around $25-30, while a well-preserved, uncirculated coin may fetch a higher price, potentially ranging from $40-60 or more. It is always recommended to consult with a reputable coin dealer or appraiser for a more accurate evaluation of the specific coin.


What makes a 1921 Morgan silver dollar valuable?


A 1921 Morgan silver dollar can be valuable due to several factors. Its rarity plays a significant role. The 1921 Morgan silver dollar is the last year of issue for this particular coin, making it less common compared to other years. The condition of the coin also affects its value. Coins that are well-preserved and in excellent condition tend to be more valuable. Any unique characteristics or errors on the coin, such as double strikes or misprints, can significantly increase its value to collectors.


What are the key dates for Morgan silver dollars?


The key dates for Morgan silver dollars are 1878 – 1904 and 1921. These are the years when the Morgan silver dollars were minted and are considered to be more valuable and sought after by collectors.

Henry Stater

About Henry Stater

Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.