The 1921 one dollar coin is a popular collectible among coin enthusiasts. This coin is unique in its design and is highly sought after due to its rarity. The coin is also known as the Morgan silver dollar and features the iconic E Pluribus Unum motto on its reverse side. In this article, we will explore the value of the 1921 one dollar coin E Pluribus Unum and what makes it so special.
History of the 1921 One Dollar Coin
The 1921 one dollar coin was minted in response to the passage of the Pittman Act of 1918. This act required the US Mint to produce millions of silver dollars to replace the silver bullion that was sold to Great Britain during World War I. The Morgan silver dollar was chosen to be minted again after a hiatus of 17 years, as it was the most popular silver coin at the time.
Design of the 1921 One Dollar Coin
The obverse side of the 1921 one dollar coin features the portrait of Lady Liberty facing left, with the word "LIBERTY" inscribed above her head. The year "1921" is inscribed at the bottom of the coin. The reverse side features an eagle with outstretched wings, holding an olive branch and arrows in its talons. The words "E PLURIBUS UNUM" are inscribed above the eagle, and the words "UNITED STATES OF AMERICA" and "ONE DOLLAR" are inscribed below.
Rarity of the 1921 One Dollar Coin
The 1921 one dollar coin is rare due to its limited mintage. A total of 44,690,000 coins were minted in 1921, which may sound like a lot, but compared to other coins in circulation at the time, it was relatively few. Additionally, many of these coins were melted down as silver prices rose, further reducing their numbers.
Value of the 1921 One Dollar Coin
The value of the 1921 one dollar coin can vary greatly depending on its condition and rarity. A coin in poor condition may only be worth its silver content, which is currently around $20. However, a coin in excellent condition can be worth thousands of dollars. The most valuable 1921 one dollar coins are those that are in mint condition and have never been circulated.
Factors that Affect the Value of the 1921 One Dollar Coin
Several factors can affect the value of the 1921 one dollar coin. These include:
Condition
The condition of the coin is the most important factor in determining its value. A coin in excellent condition with no visible wear will be worth more than a coin with scratches, dents, or other damage.
Rarity
The rarity of the coin also affects its value. Coins that were minted in smaller quantities or have a unique feature are more valuable than those that are more common.
Historical Significance
Coins that have historical significance, such as those that were used during a significant event or owned by a famous person, are also more valuable.
How to Determine the Value of a 1921 One Dollar Coin
To determine the value of a 1921 one dollar coin, you should first examine its condition. Look for any scratches, dings, or other damage. Next, determine its rarity by researching its mintage and any unique features it may have. Finally, consider any historical significance it may have. Once you have this information, you can consult a coin dealer or use online resources to determine its value.
Conclusion
The 1921 one dollar coin E Pluribus Unum is a rare and valuable collectible that is highly sought after by coin enthusiasts. Its unique design and limited mintage make it a popular addition to any collection. If you are interested in collecting coins, the 1921 one dollar coin is definitely one to consider.
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