1921 Dollar Coin Value: How Much Are Your Morgan & Peace Dollars Worth?

1921 Dollar Coin Value: How Much Are Your Morgan & Peace Dollars Worth?

The 1921 $1are of interest to numismatists for a reason: it is the only year when two different types of silver coins were issued simultaneously - Morgan and Peace, which determines the high historical value of 1921 dollar coin value.

The 1921 $1are of interest to numismatists for a reason: it is the only year when two different types of silver coins were issued simultaneously - Morgan and Peace, which determines the high historical value of 1921 dollar coin value.

On the one hand, the Morgan dollar 1921 was the last in its series, which began in 1878. On the other hand, in the same year the new Peace dollar 1921 was launched - the first coin to commemorate the end of the First World War. This double issue makes 1921 unique: one year - two types of $1 coins.

This feature raises some questions:

  • What makes a 1921 silver dollar rare?

  • Do the Peace dollars have a special meaning?

  • Is it possible to gather Morgan silver dollar collection 1878 to 1921 today?

The answers depend on the type, variety, condition of the piece, and the presence of minting errors. AI is increasingly being used to determine whether you are dealing with – a 1921 Morgan silver dollar no mint mark, its D variety, another piece, or even a rare and valuable variant with an error.

An advanced and reliable AI coin identifier helps automatically recognize the coin and estimate the approximate 1921 one dollar coin value. This is very convenient, because the coin price can vary from $25 to several thousands.

Today we invite you to explore 1921 Peace dollar value, what varieties and errors exist, 1921 Morgan dollar value, how pieces differ, what accounts their worth in common and why these coins can be a great addition to a collection.

The Last Year of the Legend

Obverse and reverse of ordinary 1921 Morgan dollar

In 1921, after a 17-year break, these ones were resumed, thanks to the Pittman Act, which allowed millions of silver coins to be melted down and minted again. Thus, the historical value of the coin is high, as this coin symbolized the rebirth of a legend, and at the same time a farewell to it.

Main Characteristics of the 1921 Silver Morgan Dollar

Parameter

Characteristic

Material

Silver (0.900), copper (0.100).

Edge

Reeded edge

Designer

George T. Morgan

Obverse

Lady Liberty with crown

Reverse

Eagle with outspread wings, holding a bunch of arrows and an olive branch around - laurel wreath

1921 silver dollar mint mark

Philadelphia - 1921 silver dollar no mint mark, 

Denver - 1921 Morgan silver dollar D, 

San Francisco - 1921 S Morgan dollar

Where is the mint mark on a 1921 silver dollar?

On the reverse of the coin, below the wreath




Mintage Figures

~44 690 000 (Philadelphia)

~20 345 000 (Denver)

~21 695 000 (San Francisco)

 

How much is a 1921 Morgan silver dollar worth now? As you can see, the mintage of the coin is far from small, but it is extremely difficult to find a coin in MS65 and above condition. So, the actual market coin value depends on the condition, rarity, mintage errors and mint mark.

For example, 1921 silver dollar value no mint marks from Philadelphia are usually the least valuable because of the largest mintage. They are more common and affordable ($20-$40 in XF, up to $150 in MS63).

In contrast, the 1921 S Morgan silver dollar value is higher, especially in good condition. San Francisco was noted for the quality of its minting, which adds to its appeal to collectors ($30-$70 in XF, up to $300+ in MS63).

Of particular note is the 1921 D Morgan silver dollar value. This is the only year Denver minted these exemplars, which makes them unique. Their worth can go up, especially in rare preservation and with interesting errors (from $35 in XF to $500+ in MS63). And if you find a 1921 Morgan silver dollar uncirculated, especially with an error, that's a whole other conversation.

Is This 1921 1 Dollar Coin Rare?

Well, the value 1921 silver dollar is not a fortune, as the piece is not a great rarity in itself. However, don't be in a hurry to put it back in your piggy bank! The value can impress you if we speak about error examples. Some ones below are worth your attention:

  1. 1921 D “Wing Dot”

Example of rare 1921 D Morgan silver dollar with small dot by eagle’s wing
  • Small dot near the wing of the eagle on the reverse

  • Occurs due to a defect in the stamp

  • Relatively rare variety

  • This 1921 D silver dollar value is $2,800 in MS66+ (was sold on eBay)

  1. 1921 - S “Thorn Head”

1921 S Morgan silver dollar with thorn-like spike on Liberty’s crown
  • The crown of liberty has a spike or needle-like protrusion.

  • The error is a result of a chipped stamp.

  • Valued for uniqueness, price is about $150-$400 in AU and higher

  1. 1921 Doubled Die Obverse

A numismatist with magnifying glass is looking at the doubled elements
  • Doubling in the inscription E PLURIBUS UNUM

  • This 1921 Morgan silver dollar value no mint mark is from $100 to $1500+ in MS grade

  1. 1921 S Double Strike with Shift

Example of 1921 S Morgan silver dollar with dramatic double strike and offset
  • A double strike on a coin, often with obvious offset

  • Looks spectacular and is valued higher than normal specimens

  • Price can be as high as $1000+, especially when heavily offset

  1. 1921 Die Break Under Chin on Cheeks and Neck

Error 1921 Morgan silver dollar with visible die break under chin and neck
  • Characteristic damage appears on the piece

  • 1921 P Morgan silver dollar value is from $75 to $300 depending on the condition and severity of the crack.

  • Proves that the value of a piece increases dramatically in the event of minting errors. 

1921 High Relief Peace Dollar: Symbol of the New Age

Well, if historical Morgan silver dollar 1921 value was associated with saying goodbye to one era, the new one became a symbol of a new one: the end of World War I and the hope for peace. It was the first 1921 US dollar coin dedicated to peace.

Example of valuable 1921 Peace dollar

A Brief History and Why the 1921 Coin Is Unique

The new design is the work of Anthony de Francisci and the piece quickly became a symbol of the new era. Interestingly, a different design was originally planned - 1921 US one dollar coin with sword and window. 

However, the planned image of 1921 US dollar coin with sword was considered too militant. As a result, this image of 1921 US dollar coin sword was replaced by the olive branch - a symbol of peace.

The first issue was associated with technical difficulties. Because of the high relief of the coin, the stamps wore out quickly, so the high relief was replaced. This makes the original 1921 Peace dollar high relief especially valuable for collectors.

Main Characteristics of the Piece

 

Parameter

Characteristics

Material

Silver, copper

Edge

Reeded

Designer

Anthony de Francisci

Obverse

Bust of Liberty

Reverse

Eagle on a rock is holding an olive branch.

Feature

One year of high relief, then redesigned

Mint

Philadelphia (no mint mark)

Circulation

~1 006 473 pieces

1921 Peace Silver Dollar Value: How Much Is 1921 Silver Dollar Worth?

What is a 1921 silver dollar worth today? At first glance it may seem that one dollar coin 1921 value is small, because the coin is common. However, this one is an exception. Please refer to the table.

 

Grade

Estimated Cost

G4 – VG8

$120 – $180

F12 – VF20

$200 – $300

XF40 – AU50

$400 – $700

MS60 – MS63

$900 – $2,000+

MS64+ (high grade proof-like)

$3,000 – $10,000+

 

If you are lucky enough to find a coin, examine it. It is quite possible that this piece value will be significant, especially if the 1921 silver dollar E Pluribus Unum and other inscriptions are very clear and have obvious volume.

Error Specimens

Well, as we know, the minting errors make the coin truly attractive to collectors, so its value can far exceed its face value.

  1. 1921 Broadstrike Error

Unusual broadstrike 1921 silver dollar with distorted design.
  • The piece expands beyond the norm.

  • It has an uneven edge and a distorted image.

  • Rare error; the value of 1921 silver dollar Lady Liberty in AU58 was impressive at the Heritage auction.

  1. 1921 Struck Through Object Error

1921 silver dollar struck through foreign object, leaving unique surface impression
  • The coin is minted through a foreign object.

  • Leaves a noticeable mark on the surface of the coin.

  • An example in AU-58 condition was sold at a GreatCollections auction.

  1. 1921 Reverse Field Break

Rare 1921 Peace dollar with visible reverse cracks near sun rays from die fatigue
  • Cracks on the reverse of the coin, especially around the rays, caused by wear of the stamp.

  • Rare variety.

  • This 1921 peace dollar for sale in grade MS64 was realized for $1,680 on Stack's Bowers.

  1. 1921 Extreme Polishing Lines

High-grade 1921 Morgan dollar showing intense polishing lines and proof-like finish
  • Clear polishing lines on the surface of the coin, giving it a matte or pruf-like appearance.

  • This piece is valued at $19,200 in Heritage Auction (for grade MS66).

Be careful! If you search for some information and see queries or offers like 1921 gold dollar coin to buy or best offer on the market like 1921 Susan B Anthony silver dollar - be careful. Such coins do not exist. Always check the information in reliable sources. You can verify the real value and historical background through verified tools such as Coin ID Scanner — reliable tech for all.

Finally, be it Morgan or Peace $1, the coin remains a desirable object for collectors. And the value of both is determined based on many factors. So, if you are also interested in how much is a 1921 dollar coin worth, all you need to do is to install the app and start your way in the world of numismatics.


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