1921 Silver Dollar Value
1921 is the only year with two silver dollar designs: the returning Morgan (struck by the tens of millions, nearly 87 million across three mints) and the brand-new high-relief Peace dollar (just over a million). Same date, very different markets.
Tell them apart at a glance: the Morgan's Liberty wears a coronet with LIBERTY on the band; the Peace shows a radiate crown and flowing hair. The 1921 Morgan is the classic bulk dollar (melt floor plus a modest premium), while the 1921 Peace carries a real collector premium in every grade.
| Morgan mintage | ~87M (P, D, S) |
|---|---|
| Peace mintage | ~1.0M (high relief) |
| Silver each | 0.7734 oz — live floor below |
| Peace tell | Radiate crown, no coronet |
Live melt floor: 0.7734 oz silver × spot ≈ $53.45 right now, and no fair offer goes below it.
Value bands
| Condition / variety | Typical retail |
|---|---|
| 1921 Morgan circulated | melt + $2–10 |
| 1921 Morgan uncirculated | melt + $15–40 |
| 1921 Peace circulated | $100–200 |
| 1921 Peace uncirculated | $300+ |
Bands are conservative US retail ranges for problem-free coins; dealers buy below retail. Where a melt floor applies it overrides any lower band figure.
Varieties that change the price
| Variety | Status | Notes |
|---|---|---|
| 1921-D Morgan | Better date | Only Denver Morgan of the design — modest premium over P. |
| 1921 Peace high relief | Better date | The one-year high-relief type; heavily counterfeited, certify before trading. |
Selling 1921 dollars
Bulk 1921 Morgans are the coin dealers quote closest to melt, which at current silver prices is most of the value anyway. Sort out anything Peace-design, any D or S mintmark in high grade, and anything uncirculated before selling by count.
Coin specifications from U.S. Mint standards; key dates should be checked against the PCGS / NGC price guides; value bands are editorial retail ranges reviewed against public auction and dealer pricing; they are context, not offers. Live melt data via gold-api.com. See how we calculate.