1921, Morgan Dollar

The 1921 Morgan dollar. The Philadelphia mint produced over 44 million of these beauties, more than twice the mintage of the 1889 Morgan. Mintage of silver dollars was stopped after 1904 as the Comstock Lode flooded the market with silver and demand was low and bullion reserves dwindled. The Pittman Act of 1918 ordered the meltdown of 270 million silver dollars and the Morgan enjoyed a brief rebirth in 1921 before the Peace Dollar design was adopted. While many hardcore collector's saw the 1921 Morgan as a high mintage not-so-desired coin, it still contains .77 oz pure silver and is an excellent investment for the future. This coin was also produced at the San Francisco(S) mint and is the only year it was struck at Denver(D).

The Morgan dollars are always a welcome addition to my collection. This one was advertised as "damaged" which in the pictures & in hand, seemed farr les of an issue than was claimed. The coin retained the beauty & features I came to value in the other Morgan's i have. In fact, the obverse has most of its details easily visible & the reverse even more so. Nothing really lost here; the price was right; & I have one of the second-to-last year's round of this fine American silver dollar.

Nice COIN beter than shown in Picture I bought as wanted a 1921 last year made and price was good and have old Morgan also trying to diversify my coins as had not much US coins and now see Morgans and 3 cents 2 cents half dimes etc etc plus as silver is my favorite Metal as going up in value this was fair price/ just must watch these silver coins going for hundreds of dollars as silver is silver if want ART buy a Painting of your favorite coins or take pictures BUY BARS can get 10z for 340 bucks rather than these fools that want 340 bucks for a 1 ounce coin

This coin was in outstanding shape. It looked much better than the picture. It is great to own a piece of American history like this. The last year the Morgan Dollar was minted was 1921, which was also the first year for the Peace Dollar. This overlap makes 1921 an interesting year. The 1921 Morgan Dollar is a great addition to any coin collection. One thing to look for when bidding on US silver coins is evidence of cleaning or buffing. This removes some of the details that make these coins so beautiful. Last but not least, all Morgan Dollars are 90 percent silver, so there is value built in to the coin as it contains .7735 oz. of silver.

The silver mining industry, the Comstock Lode, and politicians are the reason for the Morgan silver dollar. Although demand for and use of silver dollars in the late 1800's was low, the silver mining industy and politicians put pressure on for a new silver dollar.


In 1878 Congress passed the Bland-Allison Act which required the Treasury to purchase between two and four million troy ounces of silver to be purchased every month for the production of silver dollar coins.


Before the Bland-Allison Act, the Treasury sensed that they would need a new dollar coin. The Mint Director Henry P. Linderman, wanted a change of style from the Barber father/son team and eventually recruited Georger T. Morgan from the London Mint to increase standard look of U.S. coins.


In 1878, at the age of 30, Morgan's Liberty head deisgn was accepted, thus ushering in one of the most distinguishable and collectible U.S. coins.


Production of the Morgan Dollars occurred between 1878 thtough 1904. The Pittman Act of 1918 authorized the melting of 270 million older coins for new coinage. Hence in 1921, the Morgan silver dollar appeared and was then replace by the new 1921 Peace silver dollar.


The 1921 Morgan Silver Dollar has the highest mintage of all the Morgan silver dollars. It is a great date to collect in high grades given the abundance of these coins being minted. Since it pretty much trades at the silver market bullion price, it is a great way to enjoy the beauty of this coin in stunning detail at a low cost.