Gold: $4603.13  Silver: $72.79  Platinum: $1925.98  90% Junk $1 FV: $52.04  Gold/Silver Ratio: 63.24

1921 Morgan Dollar - Average Circulation

Independent, real-time price comparison of 1921 Morgan Dollar - Average Circulation from trusted dealers. Rankings are based on ACH/Cash price and stock status, updated hourly from dealer pages/APIs. Affiliate links never affect order.

Prices Last Updated: Apr 28, 2026 06:49 am

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1921 Morgan Dollar - Average Circulation

Compare 1921 Morgan Dollar Coin Dealer Prices

Bullion Dealer Price Each Dealer Premium Link
Monument Metals
Dealer Rating:

Free Shipping @ $199
Free Shipping - Free shipping on orders over $199 $56.96 $0.66
(1.18% prem)
Bullion Standard
Dealer Rating:

Free Shipping @ $497
Free Shipping - Bitcoin Accepted for Payment $58.20 $1.90
(3.38% prem)
PIMBEX Metals LLC
Dealer Rating:

Free Shipping @ $299
Free Shipping - Free Shipping on orders over $299 $59.46 $3.16
(5.62% prem)
Money Metals Exchange
Dealer Rating:

Free Shipping @ $199
Free Shipping - Free shipping on orders over $199 Bitcoin Accepted for Payment $61.19 $4.89
(8.69% prem)
SD Bullion
Dealer Rating:

Free Shipping @ $199
Free Shipping - Free shipping on orders over $199 Bitcoin Accepted for Payment $62.96 $6.66
(11.84% prem)
BGASC
Dealer Rating:

Free Shipping @ $199
Free Shipping - $7.99 Shipping for orders under $199 $64.32 $8.02
(14.25% prem)
eBay (wallfox5235)1921 Morgan Silver Dollar 90% Silver Lot 240547a Credit Card and Paypal Accepted for Payment
See Listing for Shipping
Free Shipping - Varies based on auction and seller $66.00 $9.70
(17.24% prem)
Austin Rare Coins
Dealer Rating:

Free Shipping @ $2500
Free Shipping - Orders exceeding $2500 will be shipped for FREE $66.70 $10.40
(18.48% prem)
Hero Bullion
Dealer Rating:

Free Shipping @ $149
Free Shipping - Free shipping on orders over $149 $66.93 $10.63
(18.89% prem)
Silver Gold Bull
Dealer Rating:

Free Shipping @ $199
Free Shipping - Free shipping on orders over $199 Bitcoin Accepted for Payment $86.70 $30.40
(54.01% prem)
Bullion Sharks
Dealer Rating:
$144.00 $87.70
(155.79% prem)

Prices Last Updated: Apr 28, 2026 06:49 am

The prices displayed in the table above are pulled from dealer websites hourly. Prices change frequently due to market conditions. Always verify price and product details directly with the dealer before purchasing.

  • - Free Shipping Offer
  • - Free Shipping Not Available
How we compare prices (Methodology)
  • Data sources: We fetch live pricing from participating dealer product pages and/or APIs.
  • Refresh cadence: Prices and spot updates sync on a schedule (typically every hour). Each page shows a timestamp when the prices were last refreshed.
  • Payment normalization: Rankings default to bank/ACH pricing. Where dealers publish multiple payment prices, you should verify the price on the dealer website based on the selected payment method.
  • All-in price: Due to differences in sales tax, shipping costs and payment method adjustment, we show item price and note what’s included.
  • Premium over spot: Premium = The amount charged by the dealer, minus the current spot per unit for this specific product.
  • Stock handling: Typically, we only show prices if the dealer has the item available for sale on their website. Pre-Orders are typically labeled. Sometimes, dealers will list items as in-stock and available for sale when they are on backorder; out-of-stock offers are de-prioritized or hidden.
  • Independence & disclosure: Dealers cannot pay to change rankings. Some outbound links are affiliate/sponsored; they’re marked and use rel="sponsored". This does not affect how prices are displayed.
  • Corrections: See something off? Contact us and we will do our best to fix the issue quickly.
This content is for informational purposes only and does not constitute financial advice.

Melt Value: How Much is a 1921 Morgan Dollar Worth?

At today’s spot price of $72.79/oz, the melt value of a 1921 Morgan Dollar is $56.30. Each coin contains 0.7734 troy ounces of .900 fine silver. The cheapest dealer price right now is $56.96 from Monument Metals — a premium of $0.66 (1.2%) over melt. The average dealer price across 11 offers is $72.13.

Expert Notes

The 1921 Morgan has a special place is U.S. coinage history. The US Mint stopped producing one-dollar coins in 1904 due a decrease in the need. After World War I, a shortage of coinage led to the Treasury reintroducing the Morgan in 1921 for a short period before releasing the Peace Dollar at the end of the year. 

1921 Morgan Silver Dollar is popular amongst bullion stackers because of the silver content and historical connection. These coins retain their historical charm and show clear signs of use. 

At least 86,730,000 Morgans were minted in 1921, making it the largest known mintage year for silver dollar coins.

Highlights

  • Circulated 90% silver coin
  • Contains .7734 troy ounces of silver
  • Obverse: Lady Liberty, designed by Charles Morgan
  • Coins will be in circulated condition, actual coin will be determined by dealer based on available inventory.

Having a $1 silver coin in common circulation helped to restore trust and faith in the economy following World War I, which led to the growth and prosperity of the roaring 1920's.

More than 86 million Morgan $1 silver coins were issued in 1921. Because of their age, even worn and circulated silver dollar coins from 1921 have numismatic value above and beyond their intrinsic melt value relative to the spot price of silver. 

Each Morgan Dollar is made with 0.7734 oz of silver, giving it intrinsic value based on the price of silver. Investors seeking to hold physical precious metals can find Morgans a relatively affordable entry point into silver investing. Any additional numismatic value is based on their collectibility, desirability and the rarity of various coins within in the overall series and mintages when the coins were originally minted.

Typical Condition

In today's market, the obverse of a coin in average condition will likely be missing fine details in Lady Liberty's hair and cap. Her cheek may be smooth and some areas may be worn down. The word "LIBERTY" on her headband and the date should still be visible, though possibly showing slight flattening or smoothing from circulation.

The reverse will show significant wear on the feathers on the eagle's wings and breast, with many details possibly faded or smoothed out. However, the general shape of the eagle will still be clear. The wreath around the eagle and the motto "IN GOD WE TRUST" should still be visible but with less sharpness in the details.

The rim may show some smoothing or slight dings, but the edge of the coin should still be intact, with visible reeding.

The fields, or flat areas surrounding the raised designs, will likely show scratches and general wear. Any remaining luster will be faint or completely worn off, giving the coin a more dull appearance.

1921 Morgan Mintage

The 1921 Morgan Silver Dollar was minted at three different locations: Philadelphia, Denver, and San Francisco. Here are the mintage numbers for each location:

  • Philadelphia Mint (No mint mark):  44,690,000
  • Denver Mint (D mint mark): 20,345,000
    Note: 
    This was the first and only year that Morgans were struck in Denver
  • San Francisco Mint (S mint mark): 21,695,000

Official mintage numbers total of over 86 million coins. However, it's important to remember that a significant number of these coins have been damaged, melted down, or lost over time. This reduction in the total number of surviving coins significantly impacts the available supply in today's market, especially for coins in higher grades or original condition.

1921 Morgan Dollar - Average Circulation Specifications

Weight .7734 oz
Country United States
Type Silver Coin
Mint US Mint
Year 1921
Coins Design Charles Morgan
Classification Historical
Purity .900 fineness


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