Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: San Francisco
Mintage: 21,695,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $11.52 (6/17/2019)
Diameter: 38.1mm
Edge: Reeded
Link to this coin

1921 S $1 MS obverse 1921 S $1 MS reverse
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Description & Analysis

In 1918, the Pittman Act was passed. It called for the melting of up to 350 million silver dollars in order to sell the silver to Britain to keep their currency afloat during the first World War. In total, 270,232,722 silver dollars were melted.

A key piece of the Pittman Act called for the replacement of all coins melted with new silver dollars. This was the reason that the Morgan dollar was resurrected in 1921. Unfortunately, the Mint had already destroyed the hubs for the Morgan dollar years earlier. Therefore, Morgan had to recreate entirely new master dies for the 1921 issue. This is why the 1921 Morgan dollars look very different from the earlier issues.

Almost 21.7 million Morgans were struck in San Francisco this year, the most silver dollars ever struck in a year in San Francisco.

The coins are very common today, but fully struck examples with good luster can be hard to locate. The coins are available in gem, but do bring a large premium to lesser quality coins.

GRADE SUMMARY

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Price Guide

Last Updated: 5/31/2019

Click on a price to see historical prices, comparison charts and trends.

1921 S $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 22.00 25.00 29.00 30.00 35.00 38.00 40.00 42.00 45.00 47.00 50.00 60.00 80.00 170 1000 3700 25000 - - -
$ - - - - - - - 65.00 105 250 1850 13750 - -
1921 S $1 MS Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - 75.00 175 450 1050 3850 9000 16500 - - - - -
1921 S $1 MS Deep Prooflike
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 24000 - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 15104
Low Grade: PrAg
Average Grade: 62
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 6/11/2019 1921 S $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base2351485190929317234574560165954765585762651---15084
--------------318133----37
----------1--130110233----168
-----------------------
Total2351485190929317234674560166055095713798711---15289
 0 %0 %0 %0 %0 %0 %1 %1 %1 %1 %2 %0 %4 %11 %36 %37 %5 %0 %0 %--- 
1921 S $1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------211051-----19
-----------------------
-----------------------
-----------------------
Total------------211051-----19
 ------------11 %5 %53 %26 %5 %----- 
1921 S $1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------1----------1
-----------------------
-----------------------
-----------------------
Total-----------1----------1
 -----------100 %---------- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/6/2004 PCGS MS 65   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 1158 $891.25
8/28/2005 PCGS MS 64   Teletrade Auction 2084, 2084/Lot# 1982 $145.60
6/23/2008 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 259, 265/Lot# 977 $103.50
8/5/2012 NGC MS 64   GreatCollections GreatCollections Coin Auctions 08/05/2012, 34/Lot# 63371 $147.40
6/16/2014 NGC MS 65   Stack's Bowers iAuciton 3486, 6035/Lot# 20771 $1,160.90
4/4/2017 PCGS MS 65   Heritage Auctions 2017 April 4 - 6 US Coins Signature Auction - Dallas Session(5), 1253/Lot# 18326 $763.75
8/15/2018 PCGS MS 65   Heritage Auctions Internet Coin Auction Session(2), 131834/Lot# 25870 $516.00


NGC Registry

NGC Registry Score 1921 $1 MS S Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base13513914314715115515916316717128856310661753334549356545691279841027000
13614014414815215616016416821038073112952284387554726667726987461027000
00000016016416821038073112952284387554726667726987461027000
00000016216617024947189815242814440560086790762795081027000
1921 $1 MS S Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base155163167171175179183186190194320609113818433486731777158128102701480900
158164168172176180184187191236416785137323914763745078538842117831480900
000000184187191236416785137323914763745078538842117831480900
000000185189193278513962160829386040758279909556132961480900
1921 $1 MS S
 PrAgGVGFVF4045505355586061626364656667686970
Base106111115119123131135139143147159190201237320551216149297704923400
1081121161201261321361401441511691942132653971088308458548214923400
0000001361401441511691942132653971088308458548214923400
0000001381421461551801972252924741624400667798724923400
Competitive Registry Sets
CategoriesSets
Morgan Dollars, 1878-1921, Circulation Issue 2195
US Type Set, including Modern Issues 741
Morgan Dollars, 1878-1921, One-Per-Date 602
Basic US Type Set, No Gold (7070) 481
Basic US Type Set, with Gold (7070 + Page 5) 450
US Type Set, 1792-1964 317
Silver & Clad Dollar Type Set 300
20th Century Series Type Set, Proofs & Non-Proofs 263
20th Century Series Type Set, Proofs & Non-Proofs - No Gold 242
20th Century Series Type Set, Non-Proofs Only 216
Morgan Dollars, 1878-1921, Complete 188
20th Century Series Type Set, Non-Proofs Only - No Gold 171
Morgan Dollars, 1878-1921, PL and DPL Only 143
Morgan Dollars, 1878-1921, One-Per-Mint 124
Morgan Dollars, 1878-1921, Top-100 VAMs 107
19th Century Series Type Set, Non-Proofs Only 97
19th Century Series Type Set, Non-Proofs Only - No Gold 64
19th Century Series Type Set, Proofs & Non-Proofs - No Gold 61
19th Century Series Type Set, Proofs & Non-Proofs 59
New Orleans Morgan Dollars, 1879-1904, Circulation Issue 59
US Type Set, 1792-1964, Circulated Coins Only 55
San Francisco Morgan Dollars, 1878-1921, Circulation Issue 52
Morgan Dollars, 1878-1921, Circulated Coins Only 47
Basic US Type Set, No Gold (7070), Circulated Coins Only 37
1921 Mint Set 33
Basic US Type Set, with Gold (7070 + Page 5), Circulated Coins Only 30
GSA Soft Pack Holders, Morgan Dollars, 1878-1921 26
19th Century Series Type Set, Circulated Coins Only 26
Morgan Dollars, 1878-1921, Hit List 40 VAMs 25
19th Century Series Type Set, Circulated Coins Only (No Gold) 21
20th Century Series Type Set, Circulated Coins Only 15
20th Century Series Type Set, Circulated Coins Only (No Gold) 15
Hard and Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 4
Soft Pack Holders Complete Set, Seated, Morgan and Peace Dollars 2
Registry Image Gallery
Grade: MS 66
Points: 5854
Owner: AYWP
 
Grade: MS 64 PL
Points: 4935
Owner: Mirrored Morgan
 
View the Registry Image Gallery

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