We are excited to release the forty fourth coin in the CollecTons Keepers program, an exclusive series only offered by CollecTons. CollecTons Keeper #44 in the Series features the 1921-D Morgan Silver Dollar, Certified Brilliant Uncirculated in an Exclusive ANACS Holder.
What makes this coin a Coin Worth Keeping?
The Morgan Silver Dollar was minted from from 1878 to 1904, and again in 1921. It was designed by the then United States Mint Assistant Engraver George T. Morgan. The obverse features a portrait of Lady Liberty, and the reverse features an eagle with outstretched wings.
The U.S. Treasury was required to purchase between two and four million dollars worth of silver each month by the Bland-Allison Act of 1873. The silver was to be coined into silver dollars. This Act was repealed and replaced by a similar Act which required the purchasing of the silver but only required the coinage to persist for one year. The mint continued to produce Morgan Dollars but soon a surplus of silver had built up. Congress approved a bill in 1898 that required the Mint to produce enough Morgan Silver Dollars to deplete the remaining surplus. The surplus was expended in 1904 and the Mint ceased to produce silver dollars.
During the first World War, Germany began a propaganda campaign in order to discredit the United Kingdom's currency in India. British bank notes redeemable for silver were popular in India. The campaign was a success and soon the citizens of India began cashing in their notes believing that the UK would soon be out of silver. The British began to run low on silver and the U.S. stepped in to help them. The U.S. began collecting and melting Silver Dollars to sell to the United Kingdom. Over 270 million dollar coins were collected and melted, and almost 260 million of that was sold to the British at $1 an ounce. The surplus was used to once again issue the Morgan Silver Dollar pending the design and release of the new Peace Dollar.
The master dies had been destroyed and Morgan had to create new ones. These new dies were almost identical to the old dies but featured a slightly lower relief. Production of the Morgan Silver Dollar proceeded at all of the U.S. Mints until December of 1921, when the Peace Dollar finally went into production.
The Denver Mint was established in 1906, two years after the previous minting of the Morgan Dollar, so this marked the first time the Denver Mint would produce the Morgan Dollar. It's also the first time the Denver Mint had minted a dollar coin. And because the Morgan Dollar was replaced by the Peace Dollar late in 1921, it is also the only year the Denver Mint produced Morgan Dollars. This makes the 1921-D Morgan Silver Dollar a highly sought after coin and one that every coin collector should own.
- Year: 1921
- Mint: Denver
- Finish: Brilliant Uncirculated
- Mintage: 20,345,000
- Composition: 0.900 Silver, 0.100 Copper
- Weight: 26.73 grams
- Diameter: 38.1 mm
- Edge: Reeded
What makes the CollecTons Keepers program special? Here at CollecTons, we work hard researching coins that should be part of every collection. Our goal is to utilize our knowledge in the numismatic industry to select coins worthy of being in everyone's collection! Therefore, the CollecTons Keepers program will only feature those Coins Worth Keeping.
Each coin is hand selected and given to ANACS (America's Oldest Grading Service) for grading and authentication. The coins are then sealed in an ANACs certified proprietary slab holder for long-term storage, with our limited edition label marking it a CollecTons Keeper. Collect one or collect the entire series!