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1921 Morgan
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7 posts in this topic

It appears to be in reasonably good condition and not cleaned. 1921 was the final year for the original Morgan dollar. Your example seems to be in the Fne range. Worth about $45 but not worth the grading expense 

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    I would grade this 1921 Morgan dollar About Uncirculated, with a retail value per Coin World of $30 or so. Bear in mind that this is the most common Morgan dollar.

    If you are interested in collecting coins, it is essential that you learn how to grade them. If you don't yet have a printed photographic grading guide, PCGS Photograde is a good online reference to start with. https://www.pcgs.com/photograde.

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Using abstract adjectives like "good" or "excellent" when describing a coin or a coin's condition is very difficult as each individual's idea of what those terms mean can vary greatly.   If a collector only collects uncirculated coins your coin would likely not be considered as "good" condition, conversely for collectors of circulated coinage it likely would be considered in good condition.  Your 1921 Morgan has AU (about uncirculated) details, however, there appears to be no luster showing in your photos so the best it should grade is AU50 and more correct would be XF45.   As @Sandon indicated that results in a real-world value of $25 to $30, that value is primarily derived from the silver content of the coin vs a numismatic value.

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There are a number of designer initial configurations and die issues in 1921.  You may want to do some research on these.

https://www.ngccoin.com/variety-plus/united-states/dollars/morgan-dollars-1878-1921/?page=4

However, a normal minted dollar with a mid-range AU grade has a market value of about $55.

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There are a number of VAM's for this year but without a better, clear, cropped photo of the reverse, and also another one of the edge reeding, it would not be possible to tell if your coin is any one of these possible VAM's.

From what I have been given to work with, we will just go with the basic standard 1921 Morgan. It appears to be of original surface and I would estimate it to be the low end of AU which is currently in the price guide at $37, but I think $30 would be a more realistic realized price for it.

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Quote

There are a number of designer initial configurations

No wrong, there are no different configurations of the designers initials for this or other Morgans. Just check VAM World.  The designer initials as well as everything else except the mint mark by this date were on the master dies.

http://www.vamworld.com/wiki/1921-P_VAMs

Edited by EagleRJO
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