1921 Morgan Silver Dollar Value: What Yours Is Worth
A 1921 Morgan silver dollar holds 0.7734 oz of silver, worth about $45.63 at today's price. Circulated ones retail around $72 to $92, uncirculated around $108, and gem MS65 coins about $304 for Philadelphia, $647 for Denver and $964 for San Francisco. It is the most common Morgan date, and fakes are everywhere.
- Composition
- 90% silver, 10% copper. 26.73 grams. 0.7734 oz of pure silver.
- Mintage
- 44,690,000 Philadelphia, 20,345,000 Denver (D), 21,695,000 San Francisco (S).
- Mint mark
- Back of the coin, below the wreath and above the DO in DOLLAR. No mark means Philadelphia.
Melt value: $45.63. Based on 0.77344 oz of silver at $59.00 per ounce on Oct 8, 2026. Melt value moves with the silver price every day.
Value by grade
| Grade | 1921 | 1921-D | 1921-S |
|---|---|---|---|
| Good (G4) | $72 | $72 | $72 |
| Fine (F12) | $81 | $81 | $81 |
| Extremely Fine (EF40) | $87 | $87 | $87 |
| About Uncirculated (AU50) | $92 | $92 | $92 |
| Uncirculated (MS60) | $108 | $108 | $108 |
| Gem Uncirculated (MS65) | $304 | $647 | $964 |
Retail values from USA Coin Book, which updates the silver portion live. Dealers buying worn coins pay less than retail. Values checked Oct 8, 2026.
What to look for
- Find the mint mark on the back, above the DO in DOLLAR. D and S coins are worth more only in high grades.
- Check the weight. A real Morgan weighs 26.73 grams.
- Look at the hair above Liberty's ear and her cheek for wear. That is where the grade is decided.
Fakes and lookalikes
- Counterfeit Morgan dollars are extremely common, especially from online marketplaces. Weigh it, check that it does not stick to a magnet, and compare the diameter (38.1 mm).
- A fake can have the right weight. If the price is far below melt or the details look soft, walk away or buy certified.
Find the keepers in your coin jar
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FAQ
How much is a 1921 silver dollar worth?
About $45.63 in silver at $59.00 an ounce on Oct 8, 2026. Retail is about $72 to $108 for most circulated and low uncirculated coins.
Is the 1921 Morgan rare?
No. It is the most common Morgan date, with over 86 million struck across three mints.
Is a 1921 Peace dollar the same thing?
No. 1921 is also the first year of the Peace dollar, a different design that is scarcer and worth more.
How do I spot a fake Morgan dollar?
Weight (26.73 g), no magnetic pull, sharp details and the right diameter. If in doubt, buy PCGS or NGC certified coins.
Related coins
Sources
- USA Coin Book, Morgan dollar values
- PCGS CoinFacts, 1921 $1 Morgan
- Yahoo Finance, silver price Oct 8, 2026 (silver price for melt value)
- Fortune, silver price Oct 8, 2026 (silver price for melt value)
Values are retail estimates or recorded sale prices from the sources above, checked Oct 8, 2026. What a dealer pays you is usually less than retail. Silver spot traded between about $58.70 and $60.40 on Oct 8, 2026. We use $59.00 an ounce for melt math.
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