i have a 1921 morgan siiver dollar. how much will it sell for?

Question

it has perfect detail but is slightly discoloured. it has no p or any other letter. how much could i sell it for?

Answer 1

Without any mintmark, your 1921 Morgan dollar is from the Philadelphia Mint and has a mintage of 44,690,000, the highest in the Morgan series since 1878. But it's difficult for me to tell you the exact value of your coin without looking at it. According to my current month coin magazine, a very worn 1921 Morgan has a value of $14, average circulated condition from $15-$16, nicely circulated with sharp details and some luster at $16, near uncirculated about $17-$18, and uncirculated condition from $25 up to $1,200 depending on state of preservation and appeal of the uncirculated coin. But most of the uncirculated 1921s are in the range of $25 to $40, because near flawless large size dollars are difficult to save during the period given the old method of packing and distributing of coins from banks. A Morgan dollar contains 0.77344 ounce of pure silver in uncirculated state, has a fineness of 0.900, and the silver price alone is already $10. So how much will it sell for? Depends on who you are selling it to. If to another collector, I'd say the values above based on your estimated grade. If to a dealer, you'll get much less, probably 60%-70% of what I quoted here; also depends on your negotiation power of course. And please do not try to clean the coin. Leave it as it is; the discoloration is probably natural toning and could add a premium.

Many Morgans are inexpensive even the older dates from 1880s or 1890s, and can be purchased for around $20 in near uncirculated grades with sharp details and luster. Reason is because too many were minted and many ended up in bank vaults until as late as the 1960s before the Treasury began to dispose them off through a series of sales or through silver certificate redemptions.

Answer 2

what ever you do,DO NOT try to clean it or polish it up. that will cut down on the value. you can look in books at the library for values. probably around $7.00. I just went back & typed in COIN VALUES,and you can look it up depend on condition some as high as $14. & up