The 1921 Silver Dollar stands out as one of the most remarkable coins in American history. With its intricate design, historical significance, and limited production, it has become a prized possession for collectors worldwide.
Whether it’s the Morgan Silver Dollar or the Peace Dollar, the coins minted in 1921 hold a unique place in numismatic lore. Here are five fascinating facts that explain why this coin is considered an unmatched rare treasure.
1. Transition from Morgan to Peace Dollar
The year 1921 marked a pivotal moment in U.S. coinage history. After a 17-year hiatus, the Morgan Silver Dollar was reintroduced to circulation.
However, this year also saw the introduction of the Peace Dollar, created to commemorate the end of World War I and symbolize peace.
Key Details:
- Morgan Silver Dollar: Last issued in 1904 and briefly reintroduced in 1921.
- Peace Dollar: Designed by Anthony de Francisci and first minted in December 1921.
- Significance: 1921 is the only year both coins were minted, making it historically unique.
2. Limited High Relief Peace Dollar Mintage
The 1921 Peace Dollar was struck in high relief, giving it a distinctive and intricate design. However, the high-relief process caused issues during minting, leading to limited production.
Key Figures:
| Coin Type | Mintage |
|---|---|
| 1921 Morgan Dollar | 44,690,000 coins |
| 1921 Peace Dollar (High Relief) | 1,006,473 coins |
This low mintage, especially for the Peace Dollar, adds to its rarity and desirability among collectors.
3. The Last Morgan Dollar
The 1921 Morgan Dollar holds the distinction of being the last Morgan Dollar ever minted. After its reintroduction in 1921, the coin was retired in favor of the Peace Dollar, ending an era that began in 1878.
Notable Features:
- Designer: George T. Morgan.
- Mint Locations: Philadelphia, Denver, and San Francisco.
- Value: While common in circulated condition, high-grade Morgan Dollars from 1921 can fetch several hundred dollars at auctions.
4. A Symbol of Peace
The 1921 Peace Dollar was not just a coin—it was a symbol of hope and reconciliation after the devastation of World War I.
Its obverse features Lady Liberty, while the reverse showcases an eagle perched on a rock with the word “PEACE” inscribed below.
Unique Design Elements:
- High Relief: The design’s depth made it challenging to mint but added to its artistic appeal.
- Cultural Significance: The coin represented America’s transition from war to peace.
5. High Collectibility and Value
Both the 1921 Morgan and Peace Dollars are highly sought after by collectors due to their rarity and historical significance.
Current Market Value:
| Coin | Grade | Value Range |
|---|---|---|
| 1921 Morgan Dollar | Circulated | $30 – $50 |
| 1921 Morgan Dollar | Uncirculated | $100 – $300 |
| 1921 Peace Dollar | Circulated | $150 – $500 |
| 1921 Peace Dollar | High Grade | $1,000 – $4,000+ |
Collectors are especially drawn to coins in mint state or those with unique features like die errors or proof-like surfaces.
The 1921 Silver Dollar represents a transformative moment in U.S. history, marking the transition from the iconic Morgan Dollar to the symbolic Peace Dollar.
With their rich history, artistic designs, and limited availability, these coins continue to captivate collectors and enthusiasts.
Whether you own one or aspire to add it to your collection, the 1921 Silver Dollar is truly an unmatched rare treasure that embodies both the artistry and history of American coinage.
FAQs
Why is the 1921 Peace Dollar more valuable than the Morgan Dollar?
The 1921 Peace Dollar was struck in limited quantities and features a high-relief design, making it rarer and more desirable than the mass-produced Morgan Dollar.
How can I tell if my 1921 Silver Dollar is valuable?
Look for the coin’s condition, mint mark, and any unique features like high relief or proof-like surfaces. Coins certified by grading services like PCGS or NGC tend to command higher prices.
Where were the 1921 Silver Dollars minted?
The 1921 Morgan Dollar was minted in Philadelphia (no mint mark), Denver (“D”), and San Francisco (“S”). The Peace Dollar was only minted in Philadelphia.
