1921-S Morgan Silver Dollar Value Guide

- Period
- 1921
- Origin
- United States
- Materials
- 90% Silver, 10% Copper
- Category
- Silver dollar
The 1921-S Morgan Silver Dollar marks the historic final year of production for one of America's most beloved coin series before the transition to the Peace Dollar. Minted at the San Francisco facility, these coins are highly collectible as they represent the culmination of George T. Morgan's iconic 19th-century design in a post-WWI era.
What Is 1921-S Morgan Silver Dollar Worth?
The typical price range for 1921-S Morgan Silver Dollar is $45 - $50 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:
- The presence of a clear, legible 'S' mint mark indicating the San Francisco origin.
- Overall strike quality and the amount of wear on high points like Liberty's hair and the eagle's breast feathers.
- The current market spot price of silver, given the coin's 0.7734 troy ounces of silver content.
- Surface preservation, including the absence of heavy scratches, cleaning marks, or significant bag marks.
How to Identify 1921-S Morgan Silver Dollar?
- Locate the small 'S' mint mark on the reverse side, positioned just above the 'DO' in 'DOLLAR'.
- Verify the 90% silver and 10% copper composition, which gives the coin its distinct metallic ring and weight.
- Check for the designer's initial 'M' at the base of Liberty's neck on the obverse and on the left loop of the ribbon on the reverse.
- Ensure the date reads 1921, as this was the only year the Morgan design was resurrected after a 17-year hiatus.
History of 1921-S Morgan Silver Dollar
The Morgan Dollar was minted from 1878 to 1904, and again for one final year in 1921. It was named after its designer, George T. Morgan. The 1921 San Francisco minting represents the final production year of this iconic series before it was replaced by the Peace Dollar to commemorate the end of World War I.
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