1921 Morgan Silver Dollar No Mint Mark Value
The 1921 Morgan Silver Dollar is a popular coin among collectors and investors. It was produced by the United States Mint in Philadelphia, Denver, and San Francisco, but not all of them have a mint mark. The Morgan Silver Dollar is named after its designer, George T. Morgan, and it was minted from 1878 to 1904 and then again in 1921.
No Mint Mark
The 1921 Morgan Silver Dollar with no mint mark is the most common of the three varieties. It was produced in large quantities at the Philadelphia Mint, and over 86 million were minted. As a result, this coin is not particularly rare, and its value is primarily determined by its condition and grade.
The value of a 1921 Morgan Silver Dollar with no mint mark varies depending on its condition. A coin in poor condition may only be worth its silver content, which is currently around $25. However, a coin in excellent condition can be worth thousands of dollars.
Condition and Grade
The condition and grade of a 1921 Morgan Silver Dollar with no mint mark is essential to determine its value accurately. The coin's condition and grade are determined by a grading scale developed by the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC).
A coin in poor condition may be graded as "Good," while a coin in excellent condition may be graded as "Mint State 65." A coin that is graded as "Mint State 70" is considered perfect and extremely rare.
Silver Content
The 1921 Morgan Silver Dollar with no mint mark contains 90% silver and 10% copper. The coin has a diameter of 38.1 millimeters and weighs 26.73 grams. The total silver content of the coin is 0.77344 troy ounces.
The value of the coin's silver content is determined by the current market price of silver. As of August 2021, the price of silver is around $25 per troy ounce. Therefore, the silver content of a 1921 Morgan Silver Dollar with no mint mark is worth approximately $19.
Conclusion
The 1921 Morgan Silver Dollar with no mint mark is a popular coin among collectors and investors. Its value is primarily determined by its condition and grade, and a coin in excellent condition can be worth thousands of dollars. However, a coin in poor condition may only be worth its silver content, which is currently around $19.