It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. It contained 412.5 Troy grains of 90% pure silver (or 371.25 Troy grains = 24.057 g; 0.7734 ozt of pure silver).

According to the Professional Coin Grading Service, the 1901-S is the rarest Morgan silver dollar to find in true mint condition. Early sales of these coins don't reflect their rarity, as people hadn't actually realized how unusual the mint coins were.

The Morgan Dollar was designed by Mint Chief Engraver George T. Morgan (1845-1925) and was minted from 1878 to 1904, and again in 1921.

Adhering to the requirements written in the Coinage Act of April 2, 1792 (1 Stat. 246, 248), the obverse features a profile of Lady Liberty, and the reverse features a heraldic eagle.

Government Backing and Purity Silver rounds might look like coins, but they aren't produced by official government mints – only coins can be minted by sovereign governments. This is a big reason why all silver coins are more expensive than rounds.

1921 Morgan dollar mintages at all three U.S. Mint locations (Philadelphia, Denver, and San Francisco) were the highest of the series. Plentiful mintages and a low, flat strike means that the 1921 Morgan dollar is one of the least popular coins in the series. By contrast, the 1895 issue is the rarest Morgan dollar.

Morgan dollars were named after their designer, George T. Morgan, whose beautiful Liberty Head design was modeled after schoolteacher Anna Williams. They were struck at five U.S. Mints from 1878 to 1921, and circulated mainly in the West.

The Morgan silver dollar is one of the most famous and highly collected U.S. coins of all time. Known as the "King of America's coins," it was minted in 90% silver from 1878-1904 and 1921, then once more – in 99.9% pure silver – in 2021.

The Morgan Dollar Story Minted from 1878 to 1904, and then once again in 1921, before retiring as America's most popular coin. Morgan Dollars are called the “King of America's Coins” for a good reason, because they helped the United States grow the western frontier and fuel the engines of American industrialization.

Minting continued throughout these years, and over the whole course of the minting between 1878 and 1921, about 657 million Morgan Dollars were produced.

The coins are now made with a mix of manganese, zinc, copper, and nickel metals. The designs have also changed as part of different coin programs, including: Sacagawea Golden Dollar (2000-2008) which showed Sacagawea and her baby, Jean-Baptiste on the obverse.

DimePennyWashington quarterNickel United States Dollar/Coins

Generally speaking, United States Silver Dollars dated 1935 or earlier are made from 90% silver, 10% copper - with a total silver content of around 0.77-0.78 troy ounces. However with silver dollars from 1965 onwards, things get more complex.

Silver dealer supply chains add a premium to their silver coin prices to recoup the costs associated with buying, storing, inventorying, hedging, marketing, selling, and finally safely shipping the silver coins to their respective buyers.

According to the NGC Price Guide, as of October 2023, a Morgan Dollar from 1921 in circulated condition is worth between $29 and $45. However, on the open market 1921 MORGAN Silver Dollars in pristine, uncirculated condition sell for as much as $17500.

The 1922 Peace Dollar was the last of the series to be issued in Proof (PF) format and not many were struck, so they are rare and worth more than any Mint State (MS) counterpart. Unlike the circulation strikes, the 1922 Proof Peace Dollars are found in both High Relief and Low Relief.