The silver dollar 1921 is one of the more popular coins you will find today. The story behind this coin is somewhat interesting. It is part of the Morgan dollar coins of the day. In 1873, legislation virtually phased out the dollar coin since it was not used often. That was the Seated Liberty dollar coin. Most people did not notice that the coin was not produced. But, there was one industry that was definitely looking for these coins to be produced again: the silver industry. And they took their interests to Congress to get something to happen.
Interestingly, in the Comstock Lode located in Nevada, at the time, there was a huge amount of silver being mined on a yearly basis. They petitioned Congress to get the coins being circulated again so that this stock of silver could be used. In 1878, the Bland Allison Act took play, requiring the Treasury to purchase the silver at market levels in excessive of two to four million ounces every month. These were to be turned into dollar coins.
The coins were created by George T Morgan who was to design a full figured Lady Liberty. A Philadelphia school teacher named Anna Willess Williams posed for the drawing of these coins. The obverse of the coin shows a left facing Liberty and on the reverse is a scrawny eagle. Many people disliked this eagle and dubbed it the “buzzard dollar.” You will find the mintmarks of O, S, D, and CC located below the wreath on the reverse side of the coin. The value of these coins is often determined by their wear. In these coins, common wear points are the hair located above Liberty’s eyes and ear as well as the crest located on the breast of the eagle.
There are a few other points to consider about these coins, which would become the silver dollar 1921.
Â After production began, it was noted that the eagle mistakenly had 8 feathers when it was to have only seven. Some 1878 Morgan silver dollars have eight feathers. Some have seven. The rarest form show seven feathers over eight.
Â Between 1878 and 1904 some 500,000,000 were struck. The coins were minted in Philadelphia as well as New Orleans, San Francisco and Carson City.
Â The coins came back for one final minting in 1921. The silver dollar 1921 is a batch of 86 million exampled, which were produced under the requirements of the Pittman Act.
Â The peace silver dollars replaced the Morgan coins by the end of 1921.
Â Many of the Morgan’s were melted down over time so some are rarer than others.
The silver dollar 1921 is not considered a rare coin in all cases. If the coins are considered to be in relatively good condition, they may earn between $ 10 and $ 50, depending on various features. The silver dollar 1921 has a long history of ups and downs and like all silver dollar coins of the time, were not relied on heavily during their time.
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