
The value of a 1921 silver dollar is primarily determined by its condition, or grade, and its mint mark. These coins were produced at three different mints: Philadelphia (which has no mint mark), Denver (D), and San Francisco (S).
For coins that show signs of wear from circulation, the value is relatively consistent across all three mints. In grades ranging from Fine to Extremely Fine, a 1921 Morgan dollar is typically valued between $30 and $50. A coin in Good condition may be worth slightly less, around $28.
The value increases significantly for uncirculated coins that have retained their original mint luster. A common, lower-grade uncirculated coin (graded MS-60 to MS-63) can be worth from approximately $55 to over $110, with slight variations depending on the mint mark. The Philadelphia issue is the most common of the three.
For high-grade, pristine examples, the value escalates dramatically. The difference between grades becomes critical at this level. For instance, a 1921 Morgan dollar from the Philadelphia mint graded MS-65 might be valued around $175. However, a top-tier example graded MS-67 could be worth thousands of dollars. Because condition is the most crucial factor, a professional appraisal is often necessary to determine the precise value of a high-grade 1921 Morgan silver dollar.


