1921 Silver Dollar Value by Type and Grade

Discover 1921 Silver Dollar value by Morgan or Peace type, mint mark, grade, and selling tips.

A 1921 silver dollar can be worth more than its face value, but first you need to identify the design. The U.S. Mint made both the final Morgan dollar and the first Peace dollar in 1921, and their values differ. This guide shows you how to tell them apart, estimate a coin’s grade, understand realistic price ranges, and choose a smart way to sell.

A quick overview of the 1921 silver dollar

George T. Morgan designed the Morgan dollar, showing Liberty on the obverse and a spread-wing eagle on the reverse. Its mintages were 44,690,000 at Philadelphia, 20,345,000 at Denver, and 21,695,000 at San Francisco. Philadelphia coins have no mint mark; D and S appear on the reverse below the wreath, above DOLLAR.

Anthony de Francisci designed the Peace dollar, with Liberty on the obverse and a perched eagle on the reverse. Philadelphia alone struck 1,006,473 in 1921; these coins have no mint mark and use the series’ original high-relief design. Both types are 90% silver, weigh 26.73 grams, and measure 38.1 millimeters.

How much is a 1921 Silver Dollar worth?

Circulated Morgans generally bring a modest premium, while the one-year high-relief Peace dollar is usually worth more. Mint mark, grade, and market demand affect price. These U.S. dollar ranges are estimates, not guaranteed offers.

Coin and grade	Approximate value
Morgan P, circulated	$56–$71
Morgan D, circulated	$43–$58
Morgan S, circulated	$56–$71
Morgan P, MS60–MS65	$90–$215
Morgan D, MS60–MS65	$90–$550
Morgan S, MS60–MS65	$90–$875
Peace, circulated	$125–$525
Peace, MS60–MS65	$550–$4,850

MS means Mint State, or uncirculated. Exceptionally preserved Morgan dollars, especially MS66 and higher or prooflike examples, may exceed these ranges. Use the table as a starting point because actual value depends on the coin’s condition and the current market.

How to check your 1921 Silver Dollar value at home

Identify the design and mint mark first: a Morgan has a spread-wing eagle, while a Peace dollar has a perched eagle. Each should weigh 26.73 grams, measure 38.1 millimeters, and have a reeded edge. These checks may help identify a suspicious coin, but they cannot prove authenticity.

Check raised details for wear, including Liberty’s hair and the eagle’s breast on a Morgan, or Liberty’s hair and the eagle’s feathers on a Peace dollar. Grades range from circulated to About Uncirculated and Mint State 60–70. Luster, marks, strike quality, and eye appeal all influence the final grade and coin value.

Which 1921 silver dollars are worth the most?

The 1921 Peace dollar is the only regular-issue Peace dollar with the original high-relief design. Well-struck pieces with sharp details are desirable among collectors. High-grade 1921-D and 1921-S Morgans also bring premiums, as can exceptionally preserved 1921-P coins.

Some Morgan prooflike or deep-prooflike coins and specialist VAM varieties are worth more. A doubled-looking letter or unusual mark alone does not prove a rare variety; proper identification matters. At the highest grades, even a one-point grading difference can significantly affect the price.

How much a 1921 Silver Dollar has sold for

Certified 1921 Morgan dollars in grades MS62–MS65 can bring prices ranging from roughly $109 to $149 in ordinary examples. Exceptional coins can sell for considerably more. For instance, a high-grade 1921-D Morgan can command thousands of dollars, with especially rare top-grade examples bringing much higher prices.

For 1921 Peace dollars, circulated VF–AU examples may sell for approximately $155–$488, while MS63 examples can bring around $742–$1,071. MS65 examples may reach approximately $2,524–$4,663. These are indicative sale ranges, not guaranteed prices for every coin. Compare completed sales for the same design, grade, and mint before estimating your dollar’s value.

Things to know before you sell a 1921 Silver Dollar

Don’t clean or polish your coin. Rubbing can leave permanent hairlines and reduce its collector value. Hold it by the edge and store it in a protective, non-PVC holder. Professional grading by PCGS or NGC may make sense for a high-grade coin, a possible variety, or one worth several hundred dollars, but compare grading fees with the potential value first.

Check the weight, diameter, edge, lettering, and design when examining authenticity. A magnet test alone isn’t enough. Get multiple offers and compare them with completed sales rather than advertised asking prices. Dealer offers are normally below retail because buyers must account for business costs and resale.

Where and how to sell a 1921 Silver Dollar if you have one

A local coin dealer can provide an in-person appraisal and direct purchase offer. An auction house may be suitable for a certified Peace dollar, high-grade Morgan, or properly identified variety, although auction fees apply. Online marketplaces offer another option for common coins; use clear photographs, describe the condition honestly, and ship with tracking and insurance.

Review this guide to how to sell your coins before choosing a buyer. Keep records of offers, fees, and shipping terms, and confirm payment and return policies before sending your coin.