Well, asking about a 1921 "liberty" silver dollar is like asking about "that movie with the guy in it." You've stumbled upon a uniquely chaotic year in U.S. coinage that produced two different silver dollars, both featuring Lady Liberty! The provided context is a bit of a tease, hinting at the existence of these coins without giving up the goods on their value. So, let's clear the fog.
First, you might have the 1921 Morgan Silver Dollar. This coin was the comeback kid, minted in massive quantities after a 17-year hiatus. Because they made an absolute boatload of them, the 1921 Morgan is the most common of its kind. In circulated, well-loved condition, its value is closely tied to its silver content, typically hovering in the $25 to $40 range. A pristine, uncirculated one might fetch $50 to $70, but don't plan on retiring with it unless you find one in truly spectacular condition.
However, if you have the other 1921 silver dollar, the Peace Dollar, you can do a little happy dance. This was the very first year the Peace Dollar was minted, designed to commemorate the end of World War I. These were struck in high relief and in much smaller numbers than their Morgan counterparts. A worn 1921 Peace Dollar is a prize, easily starting around $150 and going up from there. If it's in uncirculated condition, the value can soar into the many hundreds or even thousands of dollars.
So, the big question is, which one do you have? The Morgan dollar features a classic, stern-looking Liberty with a cap. The Peace dollar has a more modern-looking Liberty with flowing hair and a radiate crown, looking a bit like the Statue of Liberty. Check which portrait you have, as it's the difference between buying a nice lunch and buying a new laptop.
