1921 US Silver Dollar

May I know if this coin is rare. How much is its current value?

Thank you.

 

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That is a 1921 Morgan Dollar. They are a popular design...but that is the most common coin in the series. In that condition, it's only worth it's melt value. Based on today's prices, that is $14.61.

 

Thank you for your quick reply to my question, CamaroDMD.

 

If I may ask, I noticed that you are in the Phillipines, how did you acquire this Morgan?

 

Are you thinking what I'm thinking?

Chris

 

I got this from my grandfather. The Phlippines was once a US colony and perhaps my grandfather was able to keep some US coins during that time.

 

I think so.

Send me a private message so we can see if we're both thinking the same thing, but I'm sure we are.

 

I got a few more old coins. I still have to sort them out and post some pictures later. I don't know yet if there are some valiable coins among them.

 

Eda,

I'm concerned that the coin might not be authentic. It is common knowledge that counterfeits have been circulating in the Asian market for a long time. What concerns me about your coin are the denticles along the rim. If you look on the obverse, you will note that the denticles are slightly longer at 6 o'clock beneath the date, and they are slightly shorter at 12 o'clock above Liberty's head. This, in itself, is not unusual because the planchet may have been slightly off-center in the coining chamber. The problem arises when you examine the denticles on the reverse.

You must keep in mind that U.S. coins are struck in what we call "coin turn" and that means that the reverse is upside down in relation to the obverse when they are struck. Therefore, if the planchet had been slightly off-center, the denticles on the reverse should be slightly longer at the 12 o'clock position and slightly shorter at the 6 o'clock position. As you can see on your coin, this is not the case.

What I believe may have happened is that a counterfeiter used a duplicating lathe to transfer the obverse image of a real coin to a working die and the alignment in this process was slightly off-center, but instead of turning the coin over in an upside down position to make the reverse die, they turned it in an upright position which produced the same off-center alignment in the wrong position.

This leads me to wonder if the coin is silver or not. If you have access to a scale, the coin should weigh 26.73 gms.

Chris

 

That and the dullness in appearance. When I first looked at it, I thought it was ceramic.