Of the Morgan Silver Dollar series, the 1921 Morgan silver dollars are a great choice because of the history and the design of the coin. Being the last year that this particular coin was produced, it makes it quite unique in the history of American coins.
In case you are collecting, you should know that some aspects pertaining to 1921 Morgan silver dollars include its grade, mint mark, as well as its rarity. All these aspects are vital when it comes to determining the current market value of the said coin.
Factors That Affect the Value of a 1921 Morgan Silver Dollar
1. Condition (Grade)
The condition in which a coin is present is one of the most constraining factors that determine the price of the coin. Grading begins from the Good grade which indicates that the coin is worn down to the Mint State where it appears the coin has never been in circulation. It is especially worth noting that mint-state coins have much higher value than circulated ones.
2. Mint Marks
1921 Morgan dollars were minted in three locations. These are Philadelphia or PH, Denver or D, and San Francisco or S. One feature of the coin, which is the mint mark, is placed at the lower part of the reverse side and plays a role in evaluating the coin. Philadelphia minted coins are more common than Denver and San Francisco minted ones, and the latter are fascinating to collectors even though they cost a lot more money.
3. Rarity
The circulated condition and special mint mark can render some coins scarce. Lower mintage coins as well as those that are less circulated are usually appreciated a lot by collectors.
4. Demand Among Collectors
This particular series is also very well known among the beginners and the experts in collecting. This frequent demand keeps prices stable and, in the case of highly graded coins, high. The coin’s age and the fact that it is made of a precious metal – in this case silver – also ensure that it serves as an investment.
Approximating the Value of 1921 Morgan Silver Dollar
If interested in ascertaining the correct value of 1921 Morgan silver dollar, then it will be important to have the piece authenticated by any third party grading company. Obtaining a particular grade from a certified agency can greatly affect the value of the coin.
Generally, circulated 1921 Morgan dollars in fair circulated condition range from $20 to $40. Nevertheless, the better grades, especially those associated with Denver or San Francisco mints, can go for much more—sometimes hundreds of dollars depending on the condition and availability.
Conclusion
The 1921 Morgan silver dollar is a valuable and sought after coin because of its history and in some cases, its worth. The important factors that collectors should undertake while assessing the worth of their coin includes the condition of the coin as well as the place of mint and how rare the specific coin is. For those interested in buying one for investment purposes or those who are interested in the coins merely as part of history, don’t wait, add this to your collection now!