1921 Peace Dollar
Type: Peace Dollar
Year: 1921
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 1,006,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $146, while one in certified mint state (MS+) condition could bring as much as $1,500 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1921.
Additional Info: 1921 was the first year that the Silver Peace dollar was minted. These coins are rare. With just over 1 million minted, and the fact that this is the first year they were issued, these coins are rare and important pieces of coin history. The Morgan Dollar was also issued in 1921 so there is an overlap.
Numismatic vs Intrinsic Value: This coin in poor condition is still worth $133.2 more than the intrinsic value from silver content of $12.8, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
The Peace Dollar is one of the most sought after U.S. coins ever minted. Seeing as how these coins were only produced for a limited number of years, a serious collector may want to own a Peace Dollar from each year minted.
Because these particular coins are approaching the 100 year old mark, many of the Peace Dollars available on the open market today will have visible signs of wear and tear. This makes sense given the coin’s age as well as the fact that these coins were used in circulation for some time. With that being said, however, there are many Peace Dollars that are in brilliant, uncirculated condition. While Peace dollars in general are not overly rare, some editions of the Peace Dollar, such as the 1928 edition, can become quite scarce, especially in higher mint-state condition.
Making the 1921 Peace dollar even more attractive to collectors is the fact that this year was the first edition. Some coins were minted using the Morgan design while others were minted with the new design by Anthony de Francisci. Because the 1921 edition is the closest to Francisci’s original design, they may have even more collectability.
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