Coin values · Silver / bullion
1921 Silver Dollar Value
1921 is a unique year: it is the only date struck as BOTH a Morgan dollar (its final year, in huge numbers) and the first-year Peace dollar. All are 90% silver, so they carry a strong silver melt floor — shown live below. One coin holds 0.7734 oz of silver, worth $38.50 in melt at the Nov 3, 2026 close.
What's it worth? Live melt calculator
Melt = pure metal content × recent spot (silver $49.78/oz). This is the bullion floor; collectible coins can be worth far more. Federal rules restrict melting only 1¢ and 5¢ coins (31 CFR Part 82; 1942–1945 silver war nickels are exempt). This estimates intrinsic value.
What a silver dollar’s silver has been worth since 1968
A silver dollar held about $1.52 of silver in 1968, peaked near $79.81 in 2026, and its metal is worth $38.50 today. That is melt only; a scarce date or high grade can carry a collector premium on top.
Key facts
- 1921 Morgan dollars are common (over 86 million struck) — value tracks silver in lower grades.
- The 1921 Peace dollar (high relief, first year) is scarcer and more valuable.
- Composition: 90% silver, ≈0.7734 oz per coin.
- A 1921-D Morgan exists (Denver) — the only Denver-minted Morgan dollar.
Melt value by series
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