The bids on the 1921 Morgan Dollars seem to be increasing because of the anticipation for the 2021 version of the coin. Some of you, who are newer to the hobby, may have heard that the 1921 Morgan Dollars are different from the earlier pieces. That is true because the Philadelphia Mint workers had to re-do the artwork because the old master hubs had been destroyed. Here is an 1898-O Morgan Dollar. Believe or not, this was $400 coin circa 1960, but the Treasury found a bags of them in their vaults, and the prices dropped like a stone. And here is a 1921-D Morgan Dollar. The basic design is the same, but the details are slightly different. These coins are not in slabs because they are not worth enough to warrant the cost. They are part of this set, which part of my collection. I am not a big Morgan Dollar guy although I made a lot of money on them when I was dealer. For some dealers they are real "cash cows." My "All Mints" Morgan Dollar set.
According to Bowers in the Morgan Guide Book, with the original hubs destroyed in 1910, the Mint used an 1878 7TF/rev of 78 as a model. The overall relief was lowered leading to a "shallow, flatly struck, and somewhat unappealing coin."
She...the Lady Liberty of the Morgan...was my first true love, and we remain the best of friends all these years later.
Many years ago the Bowers and Merena Company marketed that set, composed of very high grade coins, as they put it, for $125. I set out to duplicate it for less money. I failed because I put an 1885-CC in the Carson City slot, which is a better date.