My mommy got me a Morgan dollar for Christmas! I wanna know its value. +Grade Details: Full rim, All letters in liberty. 1921-P.
it appears to be an average circulation coin, cant tell you exactly the grade bc id need closer pics but even in higher grades its worth a couple bucks over melt. it has about 22.45 cents worth of silver based on coinflation. cody
The value as a gift from your mother is not measured in dollars and cents. Remember this my young friend... treasure the gifts you get from your parents. I wish I had.
Well, Ricky, half of it appears to have been cleaned (even though the photo is blurry), but I can't see the other half. Chris
The silver value should be right around $22.50 at today's silver price (.77344 * $29,23). It looks to be about EF-40 from your picture which would leave its value right around the silver melt value (imo). Very nice coin with a lot of history. After WWI, a speculative silver bubble emerged in India (part of the British Empire at the time). This threatened to ruin British currency so they appealed to the US for emergency sales of silver so they could flood the market with silver and pop the speculative bubble. The Pittman Act of 1918 was passed to melt up to 350,000,000 silver dollars to meet this request (the US stood to make a huge profit on the deal). However, as sometimes happens in politics, the silver producers in the West wouldn't go along unless the Pittman Act also provided for the replacement of the silver dollars with newly mined US silver. After 1904, no one thought silver dollars would ever be made again. In fact, in 1910, all the Morgan dollar working and Master hubs were destroyed. However, due to provisions in the Pittman Act, silver dollar production began again in the spring of 1921. The Numismatic community wanted an entirely new design commemorating the peace after WWI, but there wasn't enough time to go through the design selection process. Instead, George Morgan himself recreated the master hub for the 1921 production. My "guess" is that they knew these hubs would only be used for one (1) year so they made as many coins as they could while waiting for the new Peace Dollar design to be ready. Some 1921 "High Relief" Peace dollars made it into production in the final weeks of 1921. Tell your Mommy that the 1921 Philadelphia silver dollars are a set and you need a 1921 Peace dollar to complete the set. Let us know what she says.
Yes it is a Priceless One..give your Mom a Hug and Kisses and whisper to her ears a couple more Morgan Dollars for the Next Christmas..Happy Holiday to All.
It truly is a priceless gift, Ricky. Treasure it always. I just hope your Mom hasn't opened a can of worms with it, though. (By making you want to collect Morgans, too.)
Great gift to get from your mom. Morgan dollars are fun to collect, as far as value goes think about it as having sentimental value. And as your first Morgan.
I remember my first Morgan....ahh yes, My Grandpa gave me his father's silver dollar. Same year in fact. Nice coin Ricky
That coin's value will probably only fluctuate based on the price of silver. I have a couple of coins like that (silver 3 centers), but if it gets you into learning about Morgans, and being able to really enjoy Morgans and contribute to your pleasure as a coin collector, then it is in fact "priceless" for you. It really shows that your parents care that they would find something that was thrilling for you. Even if it turns out that you don't keep the coin forever, you will always have the memory of having it, and that is a good memory. Also....this is my 1000th post. Guess it's time to find out who won the contest.
