Morgan Coin
The House of Representatives Sept. 22 passed proposed legislation seeking multiple coins marking the centennial anniversary in 2021 of the transition of silver dollar production from the Morgan dollar to the Peace dollar.
H.R. 6192, the 1921 Silver Dollar Coin Anniversary Act, was originally introduced in the House March 11, 2020, by Rep. Andy Barr, R-KY. H.R. 6192 was received by the Senate Sept. 23 and referred to the Senate Committee on Banking, Housing, and Urban Affairs.
Grading Morgan dollars (1878-1904 and 1921) is a skill that takes even the most experienced coin collector years to perfect. Remember that coin grading is the expression of an opinion that describes the condition of an individual coin.
1879-S Morgan Silver Dollar Coin $1 ANACS MS-64 Nicely Toned Reverse. Grade: ANACS MS64. Collectors Corner (Bonanza Coins) Add to watchlist. Morgan Silver Dollars are by far the most actively collected series of United States coins. They were minted from 1878 to 1904 and again in 1921. Nearly all of the 100 or so major dates and mintmarks are available in Mint State. Of course that does not mean that all uncirculated Morgan dollars are cheap. The first coin made under the Bland-Allison Act (which required the Treasury to buy at least 2 million troy ounces of silver every month), Morgan Silver Dollars were named after their designer, George T. Morgan, a talented British immigrant who was an assistant to U.S. Mint Chief Engraver William Barber in the late 1870's. The Morgan dollar was among the coins that saw the steepest declines in the wake of a coin market crash in 1989. Some Morgan dollar values have since risen. The rise in bullion value is substantially behind some of the price increases of the most common Morgan dollar dates.
A mirror bill in the Senate, S. 4326, was introduced July 27, 2020, by Sen. Mike Enzi, R-WY.
The legislative initiative is championed by Thomas J. Uram, chairman of the Citizens Coinage Advisory Committee, and Mike Moran, another member of the CCAC.
The coins to be authorized under the legislation are not considered commemorative coins, Uram said, and are not counted against the restrictions of two specific commemorative coin programs annually.
H.R. 6192 provisions
The bill authorizes production of Morgan and Peace dollars in not less than .900 fine silver, with the balance of the alloy in copper.
Uram said that, from discussions with U.S. Mint officials, options would include issues struck at the Denver, Philadelphia and San Francisco Mints, with privy marks added to specific Morgan dollar issues to pay homage to the silver dollar output at the former Carson City Mint in Nevada and New Orleans Mint in Louisiana.
Uram said discussions included details for Proof and Uncirculated releases, with the possibility for special sets to include coins of different finishes from multiple Mints.
Uncirculated versions could include a 2021-P Peace dollar struck at the Philadelphia Mint with the original high relief, and Morgan dollars struck at the Denver and San Francisco Mints.
Uram said it had not been determined which Mint or Mints would strike Proof versions.
One option discussed was Morgan dollars having privy marks representing the Carson City and New Orleans Mints, with the privy mark positioned where the Mint mark would normally be, in the space below the eagle’s tail feathers.
The Morgan dollar was struck from 1878 to 1904, and again in 1921. Production was executed at the Mint production facilities in Philadelphia, Denver, San Francisco, New Orleans and Carson City.
The Peace dollar was struck from 1921 to 1935, with production at the Philadelphia, Denver and San Francisco Mints.
Connect with Coin World:
Sign up for our free eNewsletter
Access our Dealer Directory
Like us on Facebook
Follow us on Twitter
CoinTrackers.com has estimated the 1921 Morgan Silver Dollar value at an average of $28, one in certified mint state (MS+) could be worth $120. (see details)...
Type:Morgan Silver Dollar
Year:1921
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 44,690,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $28, while one in certified mint state (MS+) condition could bring as much as $120 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1921, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: The Minting of Morgans started up again in 1921. Not since 1904 had these coins been minted. Due to the Pittman Act, passed in 1918, many of the 1921 Morgans are actually older Morgans and peace dollars melted down and re-coined. 1921 Peace Dollars generally have nice reeded edges as they are newer.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $6.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Morgan Coin Study
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1921 No mint mark is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
Want to join CoinTrackers and Track Your Coins 100% FREE?
Morgan Silver Dollars For Sale
More of the Same
All US Dollar Coins
- *list does not count the newer Presidential Dollars
Most Valuable Coins by Type...
[Top of Page]
**When we say that 44,690,000, of these coins were produced or minted in 1921 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
[Top of Page]
***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
We use user submitted pictures please read that article if you are interested in adding your own.
Morgan Coin Ebay
[Top of Page]