1921 D Morgan Silver Dollar- The Final-Year Coin Every Collector Dreams Of!
The 1921 D Morgan Silver Dollar stands as a remarkable piece in American coinage history. It represents the final year of the Morgan Dollar series and marks a pivotal moment as the nation transitioned from the Morgan Dollar to the Peace Dollar.
With its rich history, unique design, and collector appeal, this coin is a prized addition for numismatists and enthusiasts alike.
Historical Significance of the 1921 D Morgan Silver Dollar
The Morgan Dollar series originated in 1878, named after its designer, George T. Morgan, and was minted until 1904 when production halted due to diminishing silver supplies.
The series resumed briefly in 1921, prompted by the Pittman Act of 1918, which required millions of silver dollars to be melted and recoined.
The Denver Mint (D) played a key role in this final production year, making the 1921 D Morgan Silver Dollar the first Morgan Dollar ever minted in Denver.
This coin serves as a bridge between the Morgan Dollar series and the Peace Dollar, introduced later that year.
Key Features and Design
Obverse Design:
- Features Lady Liberty wearing a Phrygian cap adorned with wheat and cotton, symbolizing freedom and agricultural prosperity.
- Designed by George T. Morgan, it reflects classical elegance and national unity.
Reverse Design:
- Showcases an eagle with outstretched wings, clutching arrows and an olive branch, symbolizing strength and peace.
- The inscription “In God We Trust” reinforces the nation’s values.
Mintmark:
- The “D” mintmark is located beneath the wreath on the reverse, denoting its origin at the Denver Mint.
Mintage and Rarity
The 1921 D Morgan Silver Dollar had a substantial mintage of approximately 20,345,000 coins, making it less rare compared to earlier Morgan Dollars.
However, its significance as the series’ final year and its Denver Mint origin enhance its value among collectors.
High-grade examples in Mint State are scarce and highly sought after. Coins with minimal wear or exceptional luster can command premium prices, especially those certified by grading organizations like PCGS or NGC.
Current Market Value
The value of a 1921 D Morgan Silver Dollar depends on its condition, rarity, and demand. Below is a breakdown of its approximate market value based on grade:
| Grade | Value Range |
|---|---|
| Good (G-4) | $25 – $50 |
| Fine (F-12) | $50 – $100 |
| Extremely Fine (EF-40) | $100 – $200 |
| Mint State (MS-63) | $250 – $400 |
| Mint State (MS-65) | $1,000+ |
High-grade coins with certification fetch the highest prices, with some exceptional specimens selling for several thousand dollars at auction.
Why Is the 1921 D Morgan Silver Dollar Significant?
- Historical Context: Represents the end of the Morgan Dollar series and a transitional phase in U.S. coinage history.
- First Denver Mint Issue: The 1921 D is the only Morgan Dollar minted in Denver, adding uniqueness.
- Collector Demand: Its dual role as a final-year issue and Denver debut makes it a must-have for collectors.
Care and Preservation Tips
To maintain its condition and value, the 1921 D Morgan Silver Dollar should be handled with care:
- Store Properly: Use protective coin holders or capsules to prevent scratches.
- Avoid Touching the Surface: Handle coins by the edges to avoid transferring oils from your fingers.
- Controlled Environment: Store coins in a cool, dry place to prevent tarnishing.
| Feature | Details |
|---|---|
| Year of Issue | 1921 |
| Mint | Denver (D) |
| Designer | George T. Morgan |
| Mintage | 20,345,000 |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
The 1921 D Morgan Silver Dollar is a shining example of American numismatic history. Its historical significance, unique Denver Mint mark, and enduring appeal make it a prized possession for collectors.
Whether you’re a seasoned numismatist or a beginner, owning this coin is a step toward appreciating the artistry and legacy of U.S. coinage.
If you come across one, ensure it is authenticated and preserved—it might just be a gem in your collection!
FAQs
Why is the 1921 D Morgan Silver Dollar valuable?
Its historical significance as the final year of the Morgan Dollar series and its Denver Mint origin enhance its desirability among collectors.
How can I determine the value of my 1921 D Morgan Silver Dollar?
The value depends on its condition and grade. Coins certified by PCGS or NGC often fetch higher prices due to their verified authenticity and quality.
Are all 1921 Morgan Dollars from Denver rare?
While the 1921 D had a high mintage, high-grade examples and well-preserved coins are relatively rare and valuable.
