1921 Morgan Silver Dollar

The 1921 P Morgan Silver Dollar, struck at the Philadelphia Mint, is a sought-after collectible from the iconic Morgan Dollar series, marking its final year of production. Composed of 90% silver and 10% copper, it has a diameter of 38.1 mm and weighs 26.73 grams. The absence of a mint mark signifies it was minted in Philadelphia. Its value varies based on condition, with prices ranging from $40 for Good (G) to over $200 for high-grade Uncirculated (MS) specimens.

1921 Morgan Silver Dollar (reverse)
1921 Morgan Dollar (obverse)
1921 Morgan Dollar (reverse)

How much is a 1921 Morgan Silver Dollar Worth?

The value of the 1921 P Morgan Dollar varies depending on its condition and the current market. Here is a general pricing range for different conditions:

  • Good (G): $40
  • Very Good (VG): $45
  • Fine (F): $50
  • Very Fine (VF): $55
  • Extremely Fine (EF/XF): $65
  • About Uncirculated (AU): $85
  • Uncirculated (MS): $90-$200+ (value increases with higher grades)


  • Denomination: $1 (One Dollar)
  • Diameter: 38.1 mm
  • Weight: 26.73 grams
  • Composition: 90% silver, 10% copper
  • Edge: Reeded
  • Obverse Design: Lady Liberty
  • Reverse Design: Eagle with wings outstretched
  • Mint Mark: None (Philadelphia Mint)
  • Mintage: Approximately 44,690,000

Mint Mark Location:

No Mint Mark Present (P)

The 1921 P Morgan Silver Dollar does not have a mint mark, as coins struck at the Philadelphia Mint typically do not carry one. The absence of a mint mark signifies that it was minted in Philadelphia.

How to roughly grade Morgan Dollars

  1. Extremely Fine (EF/XF): The coin shows light wear on high points, with most details still visible. Liberty’s hair and the eagle’s breast feathers have some wear, but overall design elements remain clear.
  2. About Uncirculated (AU): The coin has very minimal wear, mostly on the highest points. Original mint luster is still present, and the design details are nearly complete.
  3. Mint State (MS): The coin is in uncirculated condition, with no wear and full mint luster. Design details are sharp and complete. Higher MS grades (e.g., MS-63, MS-65, MS-67) indicate fewer contact marks, better eye appeal, and more lustrous surfaces.

Did You Know?

An interesting fact about the 1921 Morgan Silver Dollar is that it was minted after a 17-year hiatus, as the production of the Morgan Dollar series had ceased in 1904. The Pittman Act of 1918, which required the melting of millions of silver dollars to aid the British during World War I and to stabilize the silver market, created a demand for new silver dollars. As a result, the U.S. Mint resumed production of Morgan Dollars in 1921, using the original George T. Morgan design. This makes the 1921 Morgan Silver Dollar the last year of issue for the series, as the Peace Dollar was introduced later that same year, symbolizing the end of an era in American coinage.