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- Published: Nov 5, 2015, 4 AM
The Coronet Collection’s 1921-D Morgan dollar grading MS-67 CAC is tied with several others as the finest known. It sold for $30,550 at Legend’s Oct. 15 auction.
Original images courtesy of Legend Rare Coin Auctions
Thirty-two Morgan dollars from Part II of the Coronet Collection starred in Legend Rare Coin Auctions Oct. 15 Regency Auction XIV in Las Vegas. The 355-lot sale realized $4,926,775.10 — nearly half of which came from the Coronet Collection’s dollars, with its Mint State 66 1901 Morgan dollar that brought $587,500 leading the sale.
The firm’s partner and founder Laura Sperber said, “We knew the dollars would be strong, but they exceeded our expectations,” adding, “the strength of this sale more than proved that collectors are hungry for quality and will pay for it when available.”
Here is one of three that we're profiling in this week's Market Analysis:
The Coin:
1921-D Morgan dollar, MS-67 CAC
The Price:
$30,550
The Story:
In 1921, George Morgan’s classic dollar was struck for the first time since 1904.
The new Morgan dollar featured a slightly lower relief and was produced at the Philadelphia Mint, San Francisco Mint, and for the first (and only) time, the Denver Mint.
While the issue is one of the most common Morgan dollars in circulated grades, the population thins in MS-66 with PCGS grading just 10 in MS-67 with PCGS certifying no-finer examples, although an NGC MS-68 example sold for $25,300 at a 2010 Heritage auction.
The Coronet Collection’s 1921-D Morgan dollar grades PCGS MS-67 CAC with surfaces “as velvety smooth as you’ll ever see,” with the description observing, “strong luster illuminates crisp, creamy white/pale gold colors.” Legend cited another similarly graded 1921-D Morgan dollar that brought $44,062.50 at Heritage’s 2013 Central States Numismatic Society auction as a potential comparable, but that example had unusually gorgeous rainbow toning on both sides. At $30,550, the Coronet Collection’s example sold at the low end of its $30,000 to $35,000 estimate.
Community Comments
Mintage/Proof: 20354000 / 0
Value
$15
I Own 1921 Morgan Dollars (1878-1921) in this Condition
Heavy Circ
Click to Enlarge
Value
$17
I Own 1921 Morgan Dollars (1878-1921) in this Condition
Value
$18
I Own 1921 Morgan Dollars (1878-1921) in this Condition
Light Circ
Click to Enlarge
Value
$19
I Own 1921 Morgan Dollars (1878-1921) in this Condition
Value
$21
I Own 1921 Morgan Dollars (1878-1921) in this Condition
History, Information, and Value of 1921 Morgan Dollar
Value of 1921-D Morgan Silver Dollar
In 1921, the Denver Mint facilities were pressed into service to coin 1921-D Morgan silver dollars, the only date of this denomination produced there since its opening in 1906. The D mintmark is tiny on all issues. Some coins were struck from dies with the D so shallowly impressed that the mintmark is barely visible. The 1921-D variety is common in Mint State today but
one may have to search for a specimen with good eye appeal. With the new shallow dies used in production, the circulation strike quality of the 1921-D is usually light on the wreath leaves. Luster ranges from dull to frosty. Since these were branch mint coins, there were no proofs minted.
Most Coin Collectors Want UNC Examples: This prolific issue is available in EF and AU but few collectors pay these grades any attention. Anything that isn’t in an MS grade is going to be
valued at a small premium over the worth of silver.
Be Selective When Buying a 1921-D Morgan: Always available in grades of MS-60 right on through the gem rankings, though a sharply struck and aesthetically appealing coin will not fall into your hands immediately-the search for the right 1921-D Morgan can be long but the reward will be ample. Shoot for a sharp MS-65 with good eye appeal.
The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1921.” The reverse text on the Liberty dollar reads “United States of America; In God We Trust; One Dollar; D.” The obverse of the silver one dollar coin has a bust of a female facing the left wearing a cap and small crown, with flowers tucked in her hair and stars surrounding the border. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.
The Morgan Dollar series is very popular among collectors. If you have a Morgan (Liberty) Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to help you. We run rare coin auctions and will find your treasured coin a home where it will be valued. Additionally, if you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!