1921 denver morgan silver dollar

The 1921 Denver Morgan Silver Dollar: A Collector’s Overview

The 1921 Denver Morgan Silver Dollar, minted at the Denver Mint, represents the final year of production for this iconic coin series. Due to a massive remelting of silver dollars earlier in the century and a high mintage, the 1921-D is one of the most common and affordable Morgan dollars available to collectors today.

History and Significance

The Morgan Silver Dollar, named after its designer George T. Morgan, was minted from 1878 to 1904 and then again in 1921. The 1921 revival was intended to use up silver bullion obtained from the Pittman Act of 1918. This act authorized the melting down of millions of silver dollars to support the war effort and then mandated their replacement with newly minted coins. The Denver Mint, identified by the “D” mint mark on the reverse of the coin, played a significant role in this reminting process.

Mintage and Availability

The 1921-D Morgan Silver Dollar had a substantial mintage of 20,345,000 coins. This high mintage makes it readily available in circulated conditions. Even uncirculated examples are relatively common, making it a popular choice for beginner coin collectors. Because of its high mintage, there’s minimal numismatic value above the melt value of the silver in lower grades. For a broader perspective on the history of silver coinage in the US, you can refer to Wikipedia’s article on silver coinage in the United States.

Grading and Value

The value of a 1921-D Morgan Silver Dollar depends primarily on its condition. Coins in circulated condition (worn) are typically worth slightly above their silver melt value. Uncirculated coins, graded from MS-60 (Mint State 60) to MS-70 (Mint State 70), command higher prices, with MS-65 and above examples being more sought after by collectors. Factors influencing grade include luster, strike quality, and the presence of any imperfections or wear.

Collecting Considerations

When collecting 1921-D Morgan Silver Dollars, examine the coin carefully for signs of cleaning or damage. Look for strong strikes and original luster, which contribute to a higher grade. Consider purchasing graded coins from reputable grading services (PCGS, NGC) to ensure authenticity and accuracy in grading. Due to the abundance of these coins, focus on acquiring examples with exceptional eye appeal.

FAQs

What is the silver content of a 1921 Denver Morgan Silver Dollar?

The 1921-D Morgan Silver Dollar contains 90% silver and 10% copper, with a total silver weight of approximately 0.77344 troy ounces.

How can I identify a 1921-D Morgan Silver Dollar?

The 1921-D Morgan Silver Dollar features a “D” mint mark located on the reverse of the coin, below the wreath. It is on the left side of the words “ONE DOLLAR”.

Is the 1921-D Morgan Silver Dollar a good investment?

While not typically a high-growth investment, the 1921-D Morgan Silver Dollar is an affordable way to own a piece of American history. Its value is tied to the price of silver and its condition. Higher graded examples may appreciate more over time.

Where can I buy a 1921-D Morgan Silver Dollar?

1921-D Morgan Silver Dollars are widely available from coin dealers, online auction sites, and coin shows.

What factors affect the price of a 1921-D Morgan Silver Dollar?

The primary factors affecting the price are the coin’s condition (grade), the current price of silver, and the overall demand from collectors.

Summary

The 1921 Denver Morgan Silver Dollar stands as an accessible and historically significant coin for collectors of all levels. Its high mintage ensures affordability, while its silver content and iconic design offer a tangible connection to American history. Whether you’re a seasoned numismatist or just starting your collection, the 1921-D Morgan is a worthy addition.