1921 S Morgan Silver Dollar Value – A Complete Guide

The 1921 S Morgan Silver Dollar is a coin minted by the United States Mint in San Francisco. The coin is named after its designer George T. Morgan and is made of 90% silver and 10% copper. The obverse side of the coin features a portrait of Lady Liberty, and the reverse side features an eagle.

The value of a 1921 S Morgan Silver Dollar can vary depending on the coin’s condition, rarity, and demand. These coins are generally worth more than their silver content due to their historical significance and collectibility. Circulated examples of the 1921 S Morgan Silver Dollar can be worth around $30 to $40. Uncirculated or “mint condition” 1921 S Morgan Silver Dollar can be worth around $50 to $100 or more.

However, the value of a 1921 S Morgan Silver Dollar can be significantly higher if the coin is rare or in particularly good condition. A professional coin appraiser or a coin dealer can give you a more accurate estimate of the coin’s value.

But what makes the coin so precious and a treasured item? Read on to learn more!

How Much Is a 1921 S Morgan Worth?

A 1921 S Morgan is worth around $150 in circulated condition. In uncirculated condition, the coin is worth closer to $300. The coin’s price will vary depending on its condition and whether a professional service grades it.

This price can also fluctuate depending on the market conditions at the time of sale. Coins in mint condition are usually worth more than those that are not.

Related: 1923 Silver Dollar Value in 2023 

What Makes a 1921 S Silver Dollar Rare?

As you will see below, a few things make a 1921 S silver dollar rare.

• First, it was the last year that silver dollars minting occurred

• Second, only a limited number of these coins are stamped compared to other years

• Third, many of these coins were melted down over the years, so there are even fewer in existence today 

All these factors make the 1921 S silver dollar a prized collector possession. The value of a 1921 S silver dollar depends on its condition and ranges from $30 to $5,000.

Related: 1922 Silver Dollar Value – Complete Guide

What Is the Most Valuable 1921 Morgan Silver Dollar?

The 1921 Morgan silver dollar is one of the most highly coveted coins. Its value lies not only in its rarity but also in its history and meaning. While there are many rare and valuable coins from this year, the most valuable ones are common. It is the coin known as the “S” mint mark dollar.

The “S” mint mark dollar coin was struck at the San Francisco Mint, and because of its low mintage, it is quite valuable today. While there are other rare and valuable coins from this year, the “S” mint mark dollar is considered the most valuable.

The coin was minted in 1921, at the height of the Roaring Twenties, and is a beautiful example of that era’s artistry. It also has a special place in American history, commemorating the 300th anniversary of the founding of Jamestown, Virginia, and serving as a reminder of the great turmoil in America.

How Many 1921 S Morgan Dollars Were Minted?

The 1921-S Morgan dollar is ubiquitous. The Bank of Montreal ordered 21.6 million that year in San Francisco, which to this day is the highest annual mintage of Morgan dollars ever at the U.S. Mint. There are more than enough remaining to accommodate collectors today, even after minting millions of coins in 1942 for the war effort.

Related: 1964 Quarter Value – Mints, Errors And Worth

1921-S Morgan Silver Dollar Errors

You can find a few different errors on 1921-S Morgan Silver Dollars. Perhaps the most common is the “missing S” error, where the mintmark on the coin is missing entirely. This error occurred when the die used to strike the coins was accidentally left unmarked.

Another reasonably standard error is the “double S” mintmark, where the mintmark appears twice on the coin. This error occurred because of the use of a die with an extra mintmark.

While these two errors are relatively well-known and commonly encountered, a few less frequently seen errors exist. One such error is the so-called “ghost S” mintmark, which appears as a faint second S next to the regular mintmark. This error is due to damage on a die, resulting in a partial impression of the S during the transfer process to the coins.

Finally, there is also an error known as the “inverted S” mintmark, where the S is struck upside-down concerning the rest of the coin. This particular error is quite rare and highly sought after by collectors.

Related: 1974 Half Dollar – Value, Rarity And Condition

1921-D Morgan Silver Dollar Value

The 1921-D Morgan silver dollar is one of the most sought-after coins in the world. Its value depends on several factors, including its condition, rarity, and desirability.

A coin in pristine condition can be worth tens of thousands of dollars, while a more common coin in circulated condition might be worth only a few hundred.

Uncirculated coins with a “Ms” grade are worth the most, followed by coins in circulated condition. The value of a particular coin also depends on whether it is a rare date or variety. For example, the 1921-D Morgan silver dollar is more valuable than most because it is a key date coin.

The key to determining the value of a 1921-D Morgan silver dollar is to consult a reputable coin dealer or price guide.

Related: 1921 Silver Dollar Value – Mint, Errors and Condition

What Makes a 1921 Silver Dollar Rare?

Several factors contribute to the rarity of this coin. They include the following:

The Number of Coins Produced

One of the reasons contributing to the rarity of the 1921 Silver Dollar is the number of coins produced. Only around 48,000 were made, a small amount compared to other years. The U.S. Coin Book lists three specimens of the 1921 Silver Dollar in its listings. Because of its limited availability, each costs $460,000 to $500,000.

Related: Bicentennial Half Dollar Value – A Complete Guide

Place of Minting

Another reason for the rarity of the 1921 Silver Dollar is the place of minting. The Philadelphia Mint was the only facility that produced silver dollars in 1921 and a mere 280,000 production. Contrast this with the millions of Morgan and Peace dollars also made that year, and it’s easy to see why collectors so highly prize 1921.

Related: 1943 Steel Penny Value in 2022

Historical Significance

One important factor contributing to the scarcity of the 1921 silver dollar is its historical significance. The United States Mint produced significantly fewer silver dollars in 1921 due to the effects of World War I and a decrease in demand for the coin. As a result, the 1921 silver dollar is quite scarce today.

Related: 2021 Quarter Errors – An Illustrated Guide

The Coin’s Removal From Circulation

A 1921 silver dollar is rare because it was withdrawn from circulation soon after minting. The coin’s silver content made it worth more than its face value. This made it attractive to hoarders and speculators, who drove up the price of the coin until the government intervened and recalled it from circulation.

Today, only a handful of these coins are known to exist, making them highly sought-after by collectors.

Error Coins and Rare Sets

A 1921 silver dollar is rare because of the error coins minted that year – these are highly sought-after by collectors. Secondly, there are far fewer 1921 silver dollars in existence than in other years due to lower production numbers. Finally, some sets containing 1921 silver dollars are rare, as they are more challenging to find.

The Obtainable Pieces Conditions

The condition of the available pieces also contributes to the rarity of the 1921 Silver Dollars. Most have been well-circulated and show signs of wear. However, few remarkable proofs or uncirculated conditions are the most valuable. The rarity of the coins means that there are fewer surviving examples overall.

Dating

A 1921 silver dollar is also rare because of its availability in a limited quantity, and there are not many left in circulation. The date on the coin is significant because it is the last year the U.S. Mint produced silver dollars.

The coins were then melted down and sold as bullion, so a few 1921 silver dollars remain. Collectors are willing to pay a high price for a 1921 silver dollar because it is an essential date in the series.

Final Verdict

The 1921 S silver dollar is a rare coin, and its value reflects that. While many factors contribute to its rarity, the most important is its minting date. Less than 1% of all silver dollars were minted in 1921, making it an exceptional coin. If you’re lucky enough to own one of these coins, be sure to take good care of it – it could be worth a lot of money someday!