Morgan Silver Dollar

United States · 1921

A classic United States silver dollar featuring the Liberty head portrait on the obverse and a heraldic eagle on the reverse.

Country: United States
Year: 1921
Denomination: One Dollar
Metal: 90% Silver, 10% Copper

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Identified September 13, 2026More united states coins →

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Overview

A classic United States silver dollar featuring the Liberty head portrait on the obverse and a heraldic eagle on the reverse.

Historical significance

The Morgan Dollar was minted from 1878 to 1904, and once again in 1921. The 1921 issue marks the final year of the Morgan series before it was replaced by the Peace Dollar later that same year.

Obverse (front)

Profile of Lady Liberty facing left, wearing a Phrygian cap adorned with cotton and wheat, surrounded by 13 stars, 'E PLURIBUS UNUM', and the year 1921.

Reverse (back)

A heraldic eagle with outstretched wings holding arrows and an olive branch, encircled by a wreath, with the legend 'UNITED STATES OF AMERICA', 'IN GOD WE TRUST', and 'ONE DOLLAR'.

Estimated value

$30-$50 in circulated condition, $60-$150+ in Mint State

What drives this coin's value

Overall condition/grade, eye appeal, and lack of cleaning or damage.

Grade assessment

About Uncirculated (AU) to Mint State (MS) with minor friction on the highest points.

Mintage & rarity

High mintage for 1921 (over 44 million at Philadelphia alone); common and readily available for collectors.

Authenticity & counterfeit red flags

Check weight, diameter, use a ping test for the characteristic silver ring, and verify magnetic properties (silver is non-magnetic). Watch out for modern counterfeit die strikes.

Notable varieties & errors

Various die cracks, repunched mint marks (though not applicable to Philadelphia mint without a mark), and minor high-relief striking differences typical of 1921 dies.

Similar coins

Peace Silver Dollar, often confused due to being minted in the same transition year of 1921.

Care & preservation

Store in a stable, low-humidity environment using inert plastic holders (PVC-free). Never clean, wipe, or polish the coin, as doing so permanently damages its numismatic value.