The Legacy Of The 1921 Morgan Silver Dollar

Collectors highly regard rare silver coins. Many collectors are drawn to them because, while scarcely available, they are much more affordable than rare gold coins. Also, limited, well-kept silver coins are visually appealing and hold immense historical significance.

That said, some silver coins are much more popular than others. The Morgan silver dollars are undoubtedly top on the list of the country’s most popular collector silver coins. These coins were minted between 1878-1904, stopped, and were again struck in 1921 before minting ceased for a century until 2021. They comprise 90% Silver and 10% Copper. The 1921 Morgans are still the biggest silver coins in size, made for circulation in the US in history.

The Morgan dollar’s value varies depending on the year struck and condition, with the 1921 Morgan Silver Dollar being one of the most sought-after.

The Historical Significance of the 1921 Morgan Silver Dollar

After 26 years of continuous minting, the Morgan silver dollar production ceased. And this would go on for over one and a half decades. That is until the US’ silver reserves started drying up, prompting the passing of the Pittman Act of 1918. This new law saw millions of the previous Morgan dollar series melted to replenish the country’s supply. 

Consequently, the minting of the Morgan dollars resumed briefly in 1921 in Denver, Philadelphia, and San Francisco mints.

Historically, the 1921 coins are especially important as they were circulated during great economic turmoil in the United States. They were also minted in limited quantities before the production of silver dollars stopped entirely until 1935. Consequently, coins produced during this era were limited and rare today.  

What Else Makes These Coins So Appealing?

Aside from the historical significance, collectors love the 1921 Morgan silver dollars because:

• Short mintage period: the fact that the 1921 version of the Morgan silver dollars was only minted for a short while makes it quite unique.
• The value has gone up over the years: the demand for this Morgan silver dollar has steadily risen, pushing the price upwards, too.
• High silver content than other silver coins of its era: the 1921 Morgan dollar contains 0.7734 troy ounces of 90% pure silver.
• Each coin is unique: US mints in those days used old dies, which often led to varying striking qualities and distinctive mintmarks. Though this was an unintentional error, it made every coin unique. Couple that with individual patina, and truly, every silver coin is like no other.

How to Spot These Morgan Silver Dollars

You can tell the 1921 circulated Morgan silver dollar apart by looking at its design. It sticks to the timeless style of its forerunners. On the obverse is a portrait of Lady Liberty facing to the left, adorned with a Phrygian cap and wreath. She’s surrounded by thirteen stars for the original 13 US colonies, with the year “1921” inscribed below the portrait.

On the reverse is the iconic bald eagle with its wings outstretched, clutching an olive branch and arrows in its talons. Above the eagle, the words “United States of America” are inscribed, while “One Dollar” and “In God We Trust” encircle the image.

Add the 1921 Morgan to Grow Your Coin Collection

If you’re looking for something rare to add to your collection, the 1921 Morgan Dollar is a great choice. Not only is it limited and highly valued by collectors, but you can find it in excellent condition. Plus, it’s an investment that you are guaranteed will grow.