As one of the largest coins one can collect, roughly the size of your palm, the Morgan Silver Dollar is a sought-after coin among numismatics. Its distinctive appearance reflects the large supply of silver in Nevada during the period of this coin’s mintage. At the time, there was excess supply and inefficient demand.
This reality sparked many legal changes, making the Morgan Silver Dollar a catalyst and symbol of history in the U.S. Moreover, this coin is one of the most highly collected coins in history and is considered a classic American coin. The affordability of Morgan Dollars makes it easy for new beginners to start their collection with a noteworthy collector’s coin.
Due to the changes in economic laws, there were many variations of Morgan Dollars between 1918 and 1921. The uniqueness and rarity of these variations are additional reasons why the even earlier 1921 version is a must-have for collectors. For more on why the 1921 Morgan silver dollar is a must-have for collectors, continue reading below.
High Silver Content Of The 1921 Morgan Silver Dollar
The 1921 Morgan silver dollar has a high silver content. This amount of silver was initially rare during its time, making it a hot commodity. The value continues, making it a must-have coin.
The Coin’s Rarity
Rarity increases coin value. With the 1921 version so rare, it is a must-have. The last mintage of the series was short lived, as it was replaced in the same year by the Peace Dollar. The collection of a coin with such rarity makes it highly sought-after among beginner and seasoned coin collectors. Coin collectors interested in building wealth may also see this coin as a must-have, as rarity increases investment value.
The Historical Significance
The 1921 Silver Dollar influenced the movement and the positive impact of settlement and mining, which took place at the end of the nineteenth century and after. The abundance of silver became apparent following the 1921 Silver Dollar, giving the coin a particularly rich historical significance. For numismatics who value history, this is another reason to deem the 1921 Morgan silver dollar a must-have collectors’ coin.
Mint Markings Add to The Value
Numismatics looking to bring more value to a 1921 Morgan silver dollar investment might seek out Denver and San Francisco mint markings. On the reverse of these coins, you’ll see a “D” or an S” located in the center of the olive branches. The only variations of the 1921 coin that have these mint marks come from the facilities in Denver and San Francisco; this is a must-have option for collectors looking to add value to their silver dollars.
Plenty Of Reasons To Invest
The 1921 Morgan silver dollar is a rare coin with a rich history. New and seasoned collectors alike can appreciate the intrinsic value of this national coin and all it adds to a collector’s portfolio. With high silver content and unique mint markings, there are plenty of reasons to invest in this sought-after American coin.
