In 1921, long after the Morgan Silver Dollar had last been struck, production started again - this time, following a move by the United States to financially assist the United Kingdom. One result was the limited-run 1921 Morgan Silver Dollar coin, and you can now order it from the stock here.
The Morgan Silver Dollar's name derives in part from the U.S. Mint engraver responsible for its obverse and reverse designs, George T. Morgan. Those designs feature, respectively, a profile of Liberty's face and a flying eagle clutching arrows and an olive branch.
The coin's main production run began in 1878, when the United States had been without a standard silver dollar since the Seated Liberty Dollar was last minted in 1873. Production continued uninterrupted until 1904, when the U.S. finally depleted the last of the silver that it had been compelled to purchase following the enactment of the Sherman Silver Purchase Act of 1890.
However, a succession of unusual circumstances led the country to bring the Morgan Silver Dollar back into production. Due to German propaganda, India residents grew to believe that they were unable to hand over British banknotes in exchange for silver in the South Asian country. As a result, British-supplied silver was affected by a run - and the United States then jumped to the rescue...
A Democrat Senator from Nevada, Key Pittman, brought legislation with the aim of handing economic relief to Britain. The Act's terms let the U.S. government melt 270,232,722 silver dollars, as it indeed chose to do. However, another of the Act's provisions meant that the country could strike a fresh coin to replace each melted silver dollar.
The Morgan Silver Dollar re-entered production in 1921. So much time had passed since the coin was last minted that Morgan needed to make a completely new master die, the previous Morgan master dies having been destroyed by the U.S. Treasury in 1910. 1921 was also the year that the Peace Dollar, a commemoration of peace's return in the wake of World War I, succeeded the revived Morgan Silver Dollar.
Even before considering the special nature of the coin's release, it's worth taking into account the .900 pure silver and .100 copper content. That silver's net weight is 0.77344 ounces, easily comprising most of the 0.942873 ounces that the piece weighs in total. That weight can also be expressed as 26.73 grams - and it means that, once you have this coin in your hand, you can take comfort that you have plenty of value in that hand, too. The precious metal could be used to help preserve personal wealth in case the U.S. currency's value is seriously hit or economic troubles - either nationally or simply in your own household - suddenly emerge. The Numismatic Guaranty Corporation has assessed this coin as being in Mint State 65 - or MS65 - condition. Hence, while you might see light scuff marks, a few minor contact marks and other slight flaws on the coin, it will remain easy on the eye, with an overall quality exceeding the average.
Features of the 1921 $1 Morgan Silver Dollar NGC MS65
Condition graded MS65 by the NGC
Features Liberty and bald eagle designs
Omitted mint mark indicates Philadelphia as production setting