The U.S. Mint’s 100th-anniversary Morgan sold out at $85 with mintage caps of 175,000 per issue — and as of late 2025, ungraded examples trade near the original issue price while certified MS70s bring real premiums.
History
- Authorized under Public Law 116-286, the 1921 Silver Dollar Coin Anniversary Act, the 2021 Morgan and Peace dollars marked 100 years since the 1921 transition from Morgan to Peace dollar production (CoinNews).
- The Mint offered five different 2021 Morgan dollars and one 2021 Peace dollar, all in a satiny uncirculated finish like modern commemorative silver dollars, at $85 per coin (Numismatic News).
- Mintage limits were set at 175,000 for each Morgan and 200,000 for the Peace dollar; household order limits were cut from 25 to 10 per coin (Numismatic News).
- Philadelphia struck Morgans with “CC” and “O” privy marks honoring the closed Carson City and New Orleans Mints (placed where the original mint marks appeared), plus a no-privy-mark Philadelphia issue; Denver and San Francisco struck the “D” and “S” issues (Numismatic News; CoinNews).
- Pre-sales ran May 24 through June 7, 2021, with shipping beginning in October; the Philadelphia Morgan and Peace dollars sold out in under 30 minutes on August 10 (Numismatic News; CoinNews).
- Final Mint sales figures show the 2021 Peace dollar at 199,989 of 200,000 and the Philadelphia Morgan at 174,977 of 175,000 (CoinNews).
What is it worth
At issue in 2021 the coins sold for $85 each; within days of the sellout, Peace dollars traded at about twice issue price and Morgans at roughly 1.6 to 1.9 times issue price (CoinNews, August 2021). By late 2025 the market had cooled: eBay listings showed an NGC-graded uncirculated 2021 Morgan at $68.95 and an NGC MS64 at $84.95 (eBay, listings crawled October 2025). At the certified top end, PCGS records a $495 auction result for a 2021-S Morgan in MS70 First Strike sold on eBay in December 2022 (PCGS CoinFacts). MS70s, First Strike / First Day of Issue labels, and the privy-mark issues still command multiples of melt; ordinary ungraded examples track closer to issue price plus silver content. Compare live listings in the Market check below.
What drives the premium
- Mintage caps: 175,000 per Morgan issue is tiny by modern Mint standards, and the issues sold out (Numismatic News; CoinNews).
- Privy marks: the “CC” and “O” privy-mark Philadelphia issues nod to the most collected classic Morgan mints (Numismatic News).
- Grade: the spread between an ungraded example (~$69–$85) and a certified MS70 (~$495 record) is enormous — grading matters enormously here (eBay; PCGS CoinFacts).
- Labels: First Strike, First Day of Issue, and special signature labels carry premiums with registry-set collectors (PCGS CoinFacts).
- Silver content: 0.858 oz of .999 fine silver gives every example a hard melt floor (Numismatic News).
How to identify the valuable variety
- Date and finish: a genuine 2021 issue is dated 2021 with a satiny uncirculated finish — not the frosty proof finish or the soft luster of an original 1921 (Numismatic News).
- Composition test: the 2021 coins are .999 fine silver (0.858 oz), versus .900 fine (0.7734 oz) for original Morgans — weight is 26.69 grams (PCGS CoinFacts; Numismatic News).
- Privy marks: Philadelphia “CC” and “O” privy marks sit where classic mint marks appeared; the plain Philadelphia issue has no mark at all (CoinNews).
- Packaging: original U.S. Mint packaging with a certificate of authenticity supports value; the coin ships in a display box with capsule (U.S. Mint via Wikimedia Commons).
Specifications
- Composition: 99.9% fine silver (Numismatic News; PCGS CoinFacts).
- Silver weight: 0.858 troy oz. (Numismatic News).
- Weight: 26.69 grams (PCGS CoinFacts).
- Diameter: 38.10 mm (1.500 inches) (CoinNews; PCGS CoinFacts).
- Edge: Reeded (CoinNews; PCGS CoinFacts).
- Designer: George T. Morgan (PCGS CoinFacts).
- Finish: Uncirculated (Numismatic News).
- Mints: Philadelphia (no mark; CC and O privy marks), Denver (D), San Francisco (S) (Numismatic News; CoinNews).
- Mintage limit: 175,000 per Morgan issue (Numismatic News).
- Issue price: $85 (Numismatic News; CoinNews).
Collector notes
- Don’t confuse these with original 1921 Morgans: the 2021 coins are .999 fine silver, dated 2021, and were sold as modern numismatic products — originals are .900 silver and trade on an entirely different market (Numismatic News; PCGS CoinFacts).
- The Mint has since issued later-date Morgans (PCGS CoinFacts lists 2023 Morgan dollars); the 2021 first-year issues with the privy marks remain the keys of the modern series (PCGS CoinFacts).
- The companion 2021 Peace dollar (200,000 mintage limit, 199,989 sold) is the natural companion piece and traded at about 2x issue price right after the sellout (CoinNews).
Market check
Compare live listings for this coin on eBay:
Search eBay for 2021 Morgan Dollar (100th Anniversary): What’s It Worth?
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