see it clearly
Learn more

If you are wondering about the 1921 silver dollar value, you need to understand both the value and the way a coin’s value is determined. Also included in that information are definitions of the terms used in describing coins and the minting process.

Coinage Terms

1921 Silver Dollar Value

Several key "coin" terms you can help you determine how a coin is valued. These terms are useful for understanding all of the coins of the US money system. These terms include:

  • Die - the engraved stamp that presses the image onto the coin blank or planchet.
  • Strike - The action of the die hitting the planchet.
  • Obverse - The “heads” side of the coin.
  • Reverse - The “tails” side of the coin.
  • Doubling - This occurs when the die strikes the planchet twice. The cause can be the planchet changing position or the machine getting out of alignment.
  • Minting - The process of striking coins.
  • Mintmarks - A letter or letters that show where the coin was minted. US mints in operation today are Philadelphia, West Point, San Francisco, and Denver. Mintmarks for these would be a P, W, S, or D. Mintmarks no longer used are CC for Carson City, NV, O for New Orleans, LA, D for Dahlonega, GA, and C for Charlotte, NC. If there is no mintmark, it is either a mistake or the coin was minted at Philadelphia.
  • Grading - this is an evaluation of the coin’s condition. Un-circulated coins are worth more than circulated ones because of the wear on the surfaces. The rating system goes from one to 70, with one being a poor quality coin to 70 being a mint state perfect coin. Levels of the rating system are poor, fair, about good, good, fine, about un-circulated and mint state.
  • Proof - Proof coins are made in a different way just for collectors. The die is specially polished and treated, so the coins have a shiny appearance. They are also struck twice. Proof coins are also called Cameos.

1921 Silver Dollar Value

The value of a coin is determined by several factors. First is the condition and physical appearance. In addition, the rarity of the coin and place of minting has a bearing on the value. If the coin was doubled or there were other mistakes in the coining process, this can give the coin more value.

When the US first started producing coins, it required the obverse had to have the word “liberty” and a symbol of liberty on it. The reverse had to have an image of an eagle. The Morgan dollar is a silver dollar minted from 1878 to 1904. It was coined one additional year in 1921. The designer was George T. Morgan, whose monogram appears on the obverse of the coin near Lady Liberty’s neck. The reverse of the coin has an eagle with its wings spread, holding arrows and an olive branch in its talons.

United States Mints that made the Morgan silver dollar were in Carson City, Nevada (CC), Denver, Colorado (D), New Orleans (O), San Francisco, California (S), and Philadelphia (no mint mark). Carson City did not mint as many coins as the others, so that mint's coins are considered the most valuable. The 1921 silver dollar value would be higher if it was from Carson City.

So what about 1921 silver dollar value? Since the coin is not rare, most of the circulated ones would be worth only the value of the silver they contain. As of July 29, 2010, the value of a silver Morgan dollar, dated from 1878 to 1921, would be $13.65. However, if it is in very good condition, it could be worth more. Currently, the 1921 Morgan silver dollar can go for $165 (minted in Philadelphia), the 1921-D can go for $400 (minted in Denver), and the 1921-S can go for $1,100 (minted in San Francisco).