1921 $1 Morgan Silver Dollar PCGS MS64 Description:
With World War I underway, the German government of the time discredited British currency in India by spreading propaganda aimed at that country's citizens. This sparked a counter-initiative by the United States which led to the 1921 return of the previously discontinued Morgan Silver Dollar.
When our stock is sufficient, you can buy, through this website and listing, a 1921 Morgan Silver Dollar in what is considered Mint State 64 quality. This grade, which can be otherwise expressed with the code MS64, comes from the 70-point Sheldon Coin Grading Scale.
This scale, devised in its earliest form by American psychologist and numismatist William Herbert Sheldon, has been used by the Professional Coin Grading Service to judge this coin's condition. The PCGS is based in California and has graded more than 33 million coins. On the current version of the Sheldon Coin Grading Scale, the term Mint State is used in reference to a coin that, while having been struck for regular distribution, has been omitted from general circulation. Each Mint State coin is rated with a number from 60 to 70.
While 70 is the number used for an immaculate coin free of discernible blemishes, this 64-rated coin will have visual imperfections. These could include one or two marks of moderate heaviness, small patches of hairlines visible through low magnification, and light defects.
Still, the coin's overall average luster and strike will be good considering the type. Furthermore, the coin will feature 412.5 grains of pure silver to go with the .100 copper content. The silver is 0.77344 ounces in net weight, putting the coin's total weight at 26.73 grams or 0.942873 ounces.
The metal content can make the coin especially appealing to people seeking to diversity, or simply strengthen, their portfolios. With silver consistently in demand due to its widespread use in such devices as cell phones and laptops, it can be a reliable source of "rainy day" money for you.
Alternatively, if you are a collector, you might wish to obtain this coin due to its relative scarcity. As a coin produced for a short period of time and 17 years after the main production run of Morgan Silver Dollars ended, it has obvious collectible value. Putting it in a broad collection of American or silver coins or displaying it in a room of your house are both worthwhile possibilities.
They would also be interesting legacies for a type of coin that the United States originally minted due to the Pittman Act. This became law in 1918 and allowed the government to melt 259,121,554 coins to help the British. However, it also meant that, for each coin melted, the government needed to make a new coin to replace it. The Morgan Silver Dollar made a return in 1921. Supplanting the Morgan Silver Dollar that year was the Peace Dollar, so-called as it was aimed at commemorating the return of peace after the First World War finally came to an end. You could enjoy peace of your own once the PCGS MS64 iteration of the 1921 Morgan Silver Dollar is yours, as the contained silver could help you to protect yourself from inconvenient falls in currency value.
Features of the 1921 $1 Morgan Silver Dollar PCGS MS64 Absence of mintmark reflects Philadelphia production Displays a $1 face value Has an exact certification of MS64