More 2021 Morgan and Peace dollars enter market (2024)

FAQs

More 2021 Morgan and Peace dollars enter market? ›

An Oct. 26 completed sale for a 2021 Peace dollar realized $211.50. Completed sales Oct. 25 for the 2021 Peace dollar included $185 for a single coin and two three-coin lots, one closing at $514.99 and another at $507.

An Oct. 26 completed sale for a 2021 Peace dollar realized $211.50. Completed sales Oct. 25 for the 2021 Peace dollar included $185 for a single coin and two three-coin lots, one closing at $514.99 and another at $507.

Each coin was sold by the Mint with an issue price of $85.00 and had a maximum authorized mintage of 175,000 coins.

One of the developing stories around the 2021 Morgan Dollars is the fact that the Denver minted issue is not grading at the MS70 level at the same rate as the other issues. The result has been elevated secondary market pricing for the “D” coins graded in perfect MS70 by PCGS and NGC.

The rarest of all Peace Dollars is the 1964-D, as the Denver Mint struck around 300,000 Peace Dollars in 1965 with the 1964 date on the coins.

Morgan Silver Dollars Future Value

When it comes to the Morgan Silver Dollar, these coins have not been on the US Mint's production lines for nearly 100 years, which means that the value of the coins is always on the rise.

Best Value grade: MS-64 or MS-65. 1934-S - This issue is the scarcest and most expensive coin of the series. They are usually well struck and have very nice luster; especially for an S- Mint issue. Though it is the rarest overall Peace Dollar in Mint State, it is more common than the '25-S, '27-S, and '28-S in MS-65.

According to the NGC Price Guide, as of June 2023, a Peace Dollar from 1922 in circulated condition is worth between $30 and $39. However, on the open market 1922 D Silver Dollars in pristine, uncirculated condition sell for as much as $25000.

The “O” mint-mark of the New Orleans, Louisiana Mint was the first mint-mark ever struck on a U.S. coin. With that branch mint shutting down in 1909, the 2021-O Morgan Silver Dollar is a rare opportunity to acquire a coin with the “O” made famous by the historic New Orleans Branch Mint.

How much is a 2023 Morgan and Peace Dollar? ›

According to the Professional Coin Grading Service, the 1901-S is the rarest Morgan silver dollar to find in true mint condition. Early sales of these coins don't reflect their rarity, as people hadn't actually realized how unusual the mint coins were.

Morgan silver dollars are some of the most beautiful and collectible coins ever minted by the U.S. Mint, or for that matter, any world mint. They are sought after by silver bullion investors and coin collectors alike, and are highly marketable.

Total mintage was near 657 million. About half of all the Morgan Dollars have been melted down as silver bullion since 1918. Even with that taken into account, there are still approximately 275 million such coins in existence, so in terms of supply, there definitely isn't a shortage.

999 silver content). Only the Morgan Dollar was minted in larger quantities, about 650 million circulated for more than 27 years. In comparison, 190 million Peace Dollars were circulated over nine years. For that reason, the Morgan Dollar is the more “collected” of the two types.

The answer to this is that it is illegal to own one of these coins. Because no 1964-D Peace Dollars were released into circulation, they are still government property that someone stole in the past.

With a mintage of 360,469 coins, the 1928 Peace Dollar also has the lowest mintage in the entire Peace Dollar series by a large margin. The second lowest mintage after the 1928 Peace Dollar is the 1927 Peace Dollar with a mintage of 848,000 coins. Peace Dollars were first struck from 1921 to 1928.

The most common Peace dollars are circulated low-relief specimens from 1922 and all 1923, 1924, 1925, and 1926 issues. Later issues are better dates. All Peace dollars, including the more-common mid-1920s dates, are exceedingly scarce in grades of MS66 or MS67.

Is Now the Right Time to Sell Your Silver? Silver is generally considered a good investment at any time because it tends to retain its value fairly well. In fact, there are times when silver is even more in demand and trending higher price-wise than gold due to supply limitations and other factors.

Will silver rise if dollar collapses? ›

Silver's Value Could Increase

One reason is because there's a limited supply of silver, meaning as demand increases if the dollar collapses, the value of silver will actually go up, since there's not an indefinite amount of silver left.

The last true U.S. silver dollar coin, the Peace Dollar, has often taken a backseat to its more famous predecessor- the Morgan Dollar. But with low mintages, affordable prices, and an attractive design, Peace dollars represent great value for the beginning collector.

Cleaning Issues

Even though it's counterintuitive, you should never clean a coin, as it can significantly reduce its value. Even coins that have substantial dirt, tarnishing, or toning should be kept in their original condition.

With a mintage of slightly more than one million coins, the 1934-S Peace dollar ranks as the fourth lowest mintage in the series. Since collectors saved a low number of mint state coins throughout the years, this resulted in a condition rarity.

Usually, junk silver refers to U.S. coins that are 90% silver. Such as the Barber Dime, Mercury Dime, Roosevelt Dime, Barber Quarter, Standing Liberty Quarter, Washington Quarter, Barber Half Dollar, Walking Liberty Half Dollar, Franklin Half Dollar, Kennedy Half Dollar (minted in 1965), Trade Dollar, and Peace Dollar.

The Peace dollar is a United States dollar coin minted for circulation from 1921 to 1928 and in 1934 and 1935, and beginning again in 2021.

35,401 1922 “High Relief” Peace Dollars were struck before die breakage led to a “low relief” design. All High Reliefs were melted–except for one, which somehow made it out of the Mint. Proof 1922 “High Relief” Peace Dollars were made in small quantities and in matte and satin finishes for collectors.

The top 10 Morgan dollars are subjective and can vary based on personal preferences and market trends. However, some of the most popular and valuable Morgan silver dollars include the 1878 8 Tail Feathers, 1878 7 Tail Feathers, 1879-CC, 1889-CC, 1893-S, 1895, 1892-S, 1901-S, 1899-O, and 1904-O.

The value of your Morgan silver dollar will depend entirely on the coin itself. Variations of the coin can range from as little as $10 to over $10,000. The average price of a Morgan silver dollar is around $100 per coin, this is still 100x the face value of the coin so you can see they are desirable and valuable.

The most valuable and lowest minted Philadelphia-issued coin is from 1895. Only 880 of these coins were produced making them the rarest and most valuable Morgan silver dollar. Other lower mintage Morgan dollars from Philadelphia are from 1894, 1895 and 1899.

Why is 1921 Peace dollar so expensive? ›

A 1921 silver dollar is rare because of the error coins minted that year – these are highly sought-after by collectors. Secondly, there are far fewer 1921 silver dollars in existence than in other years due to lower production numbers.

Incredibly, five specimens are graded PF-69, the highest graded every assigned to a Proof Morgan. Throughout the collection, superb technical quality is combined with unsurpassed visual appeal; many of these coins display breathtaking color or pristine deeply mirrored fields.

Key dates in this series include 1889-CC, 1893-S, and 1895 (Proof only). Other dates (such as 1895-O) are considered condition-rarities (common in low grade but extremely rare in high grade).

Invest in Only the Highest Grade Morgan Dollars

The following best investments are the very high grade, MS-65, or better coins. They are pricey compared to MS-60 to MS-63, but their incredible rarity in the age of encapsulated coins makes them a good investment.

After the Flowing Hair dollars, the next most collectable silver dollars are the Morgan Dollars and the Peace Dollars. Morgan Dollars were minted from 1878 to 1904 and then again briefly in 1921. They were designed by George T. Morgan and are highly valued both for their comparative rarity and their beauty.

Very Good-8 (VG8 or VG-8)

The design is clear and significant elements are defined but are flat and lacking in detail. The rim should be full and completely separated from the field around the entire circumference of the coin on both the obverse and the reverse.

When demand and silver bullion supplies dropped as a result of this legislation, production of the Morgan Dollar was suspended in 1904 at all U.S. Mint facilities. No silver dollar coins were minted in the U.S. from 1905-1920.

Well, traditionally banks could not sell you these dollars above their face value. In other words, you are buying silver at a fraction of its value. Double the deal if you find rare collectible coins. While most Canadian and US banks rarely do have silver dollars on hand, you occasionally get lucky.

UNITED STATES LEGAL TENDER – These 2021(P) O-Privy Marked Morgan Silver Dollars are $1 legal tender in the United States.

The 2021 Philadelphia Morgan Dollars do not carry a mint mark, even though they were struck at the Philadelphia Mint. The coins officially went on sale on August 10, 2021, each coin had an issue price of $85. The maximum authorized mintage was set at 175,000.

How much is a Peace and Morgan Silver Dollar worth? ›

Peace dollars range in price from as low as $35 for a worn coin to as high as tens of thousands of dollars for a high grade uncirculated one, depending on date and mintage.

Morgan silver dollars range in price from as low as $20 to as high as tens of thousands of dollars. It depends on their condition and the date they were minted, among other factors.

1901-S. According to the Professional Coin Grading Service, the 1901-S is the rarest Morgan silver dollar to find in true mint condition. Early sales of these coins don't reflect their rarity, as people hadn't actually realized how unusual the mint coins were.

11, 2021, Independent Coin Graders (ICG) of Tampa, Fla., certified its first major Mint Error example of the recently released 100th Anniversary 2021-S Morgan dollars. It appears that a small blob of die grease with tiny silver particles trapped within got between the planchet and obverse die just prior to striking.

Invest in Only the Highest Grade Morgan Dollars

The following best investments are the very high grade, MS-65, or better coins. They are pricey compared to MS-60 to MS-63, but their incredible rarity in the age of encapsulated coins makes them a good investment.

The rarest and most valuable Peace silver dollar, at least in circulated condition, is the 1928-P or Philadelphia-issued dollar with a mintage of 360,000 coins. Prices can vary anywhere from $150 – $300, depending on the coin's condition. Inspect the reverse side of the coin below the word “One” for a mint mark.

With a mintage of slightly more than one million coins, the 1934-S Peace dollar ranks as the fourth lowest mintage in the series. Since collectors saved a low number of mint state coins throughout the years, this resulted in a condition rarity.

Only the Morgan Dollar was minted in larger quantities, about 650 million circulated for more than 27 years. In comparison, 190 million Peace Dollars were circulated over nine years. For that reason, the Morgan Dollar is the more “collected” of the two types.

There are only 24 coins in the entire date and mintmark series. Only two basic types exist – the 1921 High Relief issue and 1922 to 1935 issues – though there were very minor changes to the design over the course of the series.

What makes a Morgan dollar rare? ›

Only a handful of original Morgan silver dollars have received an MS69 grade, which makes them extremely valuable. With respect to condition, a Morgan silver dollar is considered a standard condition coin in fine to very fine condition.

Silver dollars will often sell to collectors for at least $20 a piece. Rarer silver dollars can sell for hundreds or thousands of dollars, with exceptionally rare specimens going for millions. As a general rule of thumb, any silver dollar minted before 1965 will contain 90% silver, or about 0.78 troy ounces of silver.