1921 One Dollar Coin Value E Pluribus Unum
The 1921 one dollar coin is a highly sought after piece among coin collectors. This coin was struck in large quantities and it bears the inscription "E Pluribus Unum" on the reverse side. The value of this coin is determined by several factors, including its rarity, condition, and historical significance. In this article, we will explore the value of the 1921 one dollar coin and what makes it so special.
History of the 1921 One Dollar Coin
The 1921 one dollar coin was the first silver dollar to be minted since 1904. The passage of the Pittman Act in 1918 required the US government to melt down millions of silver dollars and replace them with newly minted coins. The 1921 silver dollar was the first coin to be produced under this law.
The 1921 silver dollar was designed by Anthony de Francisci, an Italian immigrant who won a design competition for the coin. His design features the profile of Lady Liberty on the obverse side, with the inscription "In God We Trust" and the year of minting. The reverse side features an eagle perched on a rock, with the inscription "E Pluribus Unum" and "United States of America".
Rarity
One of the factors that determines the value of the 1921 one dollar coin is its rarity. While this coin was minted in large quantities, many of them were melted down in the following years. This led to a scarcity of the coin, especially in high grades. Today, the 1921 one dollar coin is considered a key date in the Morgan silver dollar series.
Condition
The condition of the 1921 one dollar coin is also an important factor in determining its value. Coins that are in better condition will fetch a higher price than those that are worn or damaged. The grading system used by coin collectors ranges from Poor to Mint State, with Mint State coins being the most valuable. A 1921 one dollar coin in Mint State condition can be worth thousands of dollars.
Historical Significance
The 1921 one dollar coin has historical significance because it was the first silver dollar to be minted in 17 years. It was also produced during a time of great economic and political change in the United States. The passage of the Pittman Act and the subsequent melting down of millions of silver dollars had a significant impact on the economy and the coin collecting community. The 1921 one dollar coin represents a turning point in American history and is highly valued by collectors for this reason.
Conclusion
The 1921 one dollar coin is a valuable and highly sought after piece among coin collectors. Its rarity, condition, and historical significance all contribute to its value. Whether you are a seasoned collector or just starting out, the 1921 one dollar coin is a must-have addition to any collection.