In fact, as the release of the 2021 silver dollars approached, the values of the original 1921 dollars and of other coins in both dollar series have been rising, including those for more common dates.Īt the same time, if too many coins are released annually, there is a risk of saturating the market with more coins that collectors want, or as one collector told me, “of killing the golden goose.”įor some collectors, the whole point is to celebrate the centennial of the last Morgan and the first Peace dollar, so why keep issuing them? Many others are excited about the prospect of continuing to collect modern Morgan and Peace dollars that for many are a continuation of the original coin series just as the special silver and gold 50th anniversary Kennedy half dollars are part of that series. coins, which should be beneficial for the hobby by creating more collectors and for the value of the older coins, which will be sought by even more collectors. More broadly, a new series should help to more deeply connect classic and modern U.S. The latter remain among the most popular and widely collected classic U.S. coin series and also stimulate even greater interest in collecting the original versions of these coins, issued respectively from 1878 to 1921 and from 1921 to 1935. How this issue plays out has the potential to help shape the American numismatic hobby and coin market almost as much as the introduction of new reverse designs this summer on the American silver and gold Eagles.Īn ongoing series of modern Morgan and Peace dollars could become one of the most widely collected modern U.S. Mint Director David Ryder and his staff discussed their interest in making use of the provision in the law that created the forthcoming 2021 Morgan and Peace dollars that allows the coins to be continued to be issued in the future provided demand exists for doing that.īased on a cross-section of collector views and discussions with them, experts, and dealers, there does appear to be support for an ongoing series of new Morgan and Peace dollars, but that support is largely conditioned on certain key factors including how many coins are issued per year, what finishes are used, and whether privy marks continue to be used.Īnd there remains a cadre of collectors who say they would prefer a one-year series for a variety of reasons from the risk of reducing the specialness of the 2021 coins to having too many different coin series to collect and other reasons. It was struck in 90% silver, a level of silver not seen in circulating coins for half a century.During a May 4 discussion with members of the numismatic media, U.S. This was the largest silver coin made for circulation in the 20 th century. Just a fraction have survived for today’s collectors, and they are becoming harder to find with every passing day. Most Morgan Silver Dollars were worn out or damaged in circulation, and more than half of all coins have been melted for the precious silver. The obverse portrays Liberty wearing a slave’s cap (an ancient symbol of freedom), while the reverse features a heraldic eagle holding both the olive branch of peace and arrows of war. The coin is now over 100 years old.Įach Morgan Silver Dollar is an immense 1-1/2 inches in diameter and contains over 3/4-ounce of pure American silver. It is the only Morgan Silver Dollar with the “D” mint mark.Īs a result, the 1921 Morgan Silver Dollar from Denver is a one-year-only and one-of-a-kind coin. The coin is identified by the unique “D” mint mark of the Denver Mint, which is located on the reverse, under the center of the wreath. Mint in Denver struck only one Morgan Silver Dollar – the last year of issue coin in 1921. The Morgan Silver Dollar was first made in 1878 and was last made in 1921. It was the favorite silver coin among “Wild West” settlers, outlaws, and prospectors alike because of its large size and massive amount of pure silver. The Morgan Silver Dollar is one of America’s most sought-after classic coins.
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