1921-D Morgan Dollar Value
Depending on how well it survived, a 1921-D Morgan Dollar brings anywhere from $34.00 to $380; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) The figures below break the range down grade by grade.
1921-D Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $34.00 to $40.00verified |
| Very Good (VG-8) | $35.00 to $42.00verified |
| Fine (F-12) | $36.00 to $45.00verified |
| Very Fine (VF-20) | $38.00 to $48.00verified |
| Extremely Fine (XF-40) | $42.00 to $55.00verified |
| About Uncirculated (AU-50) | $48.00 to $65.00verified |
| Mint State (MS-60) | $60.00 to $85.00verified |
| Choice Unc (MS-63) | $90.00 to $130verified |
| Gem Unc (MS-65) | $280 to $380verified |
Estimated retail range, updated 2026-06-15. Rows marked verified reflect dealer retail listings; the rest are model estimates from mintage rarity and metal content. Actual sale prices vary with certification, eye appeal and market timing.
Current 1921-D Morgan Dollar value
At the entry level, well-worn examples bring about $34.00. The same coin in gem uncirculated condition is a $380 coin. Grade is everything: two examples of the 1921-D Morgan Dollar can differ in price by an order of magnitude based purely on preservation.
1921-D Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1921
- Mint mark
- D
- Mintage
- 20,345,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- George T. Morgan
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Where is the mint mark on a 1921 Morgan Dollar?
On a 1921-D Morgan Dollar, the "D" mint mark of the Denver Mint sits on the reverse, just below the wreath bow and above the letters DO in DOLLAR. A loupe helps: on worn examples the letter can fade into the surrounding devices.
What makes the 1921-D Morgan Dollar valuable
With 20,345,000 struck, the 1921-D Morgan Dollar is one of the more available dates of its series. Its value rests on metal content and condition rather than absolute rarity, which makes it an ideal type coin.
Every 1921-D Morgan Dollar contains 0.7734 troy ounces of pure silver, currently worth $28.23. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
There is history in a 1921 Morgan Dollar as well. The Pittman Act of 1918 melted over 270 million pieces, reshaping the rarity of several dates overnight. That backdrop keeps the series among the most actively collected in American numismatics.
Summary: the 1921-D Morgan Dollar is valued between $34.00 and $380 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.