1921-D Morgan Silver Dollar Value Guide

The 1921-D Morgan Silver Dollar is a historic numismatic piece representing the only year the Denver Mint produced this iconic design. Authorized by the Bland-Allison Act, this final-year issue serves as a bridge between the classic Morgan era and the subsequent Peace Dollar series.

What Is 1921-D Morgan Silver Dollar Worth?

The typical price range for 1921-D Morgan Silver Dollar is $55 - $55 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Numerical grade from services like PCGS or NGC, with Mint State (MS) examples commanding higher premiums.
• Luster and strike quality, as Denver strikes in 1921 can vary in detail compared to Philadelphia issues.
• Presence of original toning or surface marks that may affect eye appeal and market liquidity.
• Current market spot price of silver, which provides a baseline bullion value for lower-grade specimens.

How to Identify 1921-D Morgan Silver Dollar?

• Locate the 'D' mint mark on the reverse side, positioned just above the 'DO' in 'DOLLAR'.
• Verify the 1921 date on the obverse, which features a slightly shallower relief than earlier Morgan designs.
• Confirm the metallic composition of 90% silver and 10% copper with a diameter of 38.1mm.
• Check for the designer George T. Morgan's 'M' initial at the truncation of Liberty's neck.

History of 1921-D Morgan Silver Dollar

The Morgan Dollar, designed by George T. Morgan, was minted from 1878 to 1904 and then again in 1921. It was authorized by the Bland-Allison Act, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. The 1921 issue is notable as the final year of production for this iconic coin, and it was produced in large quantities at three different mints: Philadelphia, Denver, and San Francisco, before being replaced by the Peace Dollar later the same year.