When, as World War I waged, Germans succeeded in discrediting Britain's India-based currency through the use of propaganda, the United States reacted by arranging for silver dollars to be melted down and sent to the British. This was the genesis of the Morgan Silver Dollar's 1921 revival...
Following the terms of the Brand-Allison Act enacted in 1878, the U.S. introduced a new standard silver dollar called the Morgan dollar. This name was inspired by George T. Morgan, the engraver who made the designs for both sides of this coin that was annually struck until 1904.
Those designs portray two of what, even today, can be considered strong icons of American culture: Liberty and the bald eagle. Liberty is shown with a profile of her face - while, in the case of the eagle, its wings are open as an olive branch, a familiar symbol of peace, is clasped in some of its talons. The history of the process of designing the coin is interesting to read about. You might not have realized that, here, Liberty's face is based on that of the unassuming teacher Anna Willess Williams, or that genuine observations of the bald eagle formed preparations for designing the reverse side.
However, you could be even more intrigued to learn about the 1921 coin's conception and minting. In 1918, the passing of the Pittman Act gave the United States the right to melt 270,232,722 silver dollars. While much of the melted silver indeed reached British hands, the U.S. was also authorized to strike replacement coins for the silver pieces that it melted.
The 1921 coin is truly unique among the many different types of the Morgan Silver Dollar. One major reason why is that, as the dies for the original Morgan dollars had previously been disposed of, it was necessary for Morgan to produce a whole new master die for the 1921 coins.
The Peace Dollar, which brought the promotion of peace even closer to the fore as the world moved on after World War I, replaced the refreshed Morgan dollar within mere months. This obviously adds to the collectible value of the Morgan coin, which includes 412.5 grains of silver with .900 purity.
The PCGS MS65 coin available here at the U.S. Gold Bureau also has .100 copper; in fact, the coin's overall weight is 0.942873 oz., with 0.77344 oz. of that pure silver. The metal content of the coin boosts its appeal to those who might want to add more variety to their portfolios.
Should you order the coin via this particular listing, the coin will arrive in a condition that the Professional Coin Grading Service considers Mint State 65. So, don't be concerned if you spot a scattering of small contact marks or faint scuff marks on the coin; this is acceptable in a Mint State 65 quality coin. You can still expect the piece's overall quality to beat the average.
You also shouldn't be surprised if you can't see a mint mark. Its absence simply shows that the coin has been manufactured in the Philadelphia Mint; had the coin been produced in Denver or San Francisco, as many of the 1921 coins were, a "D" or "S" mint mark would be present.
Features of the 1921 $1 Morgan Silver Dollar PCGS MS65
Twice displays the last initial of George T. Morgan