The worth of a 1921 Morgan silver dollar is primarily determined by its condition, mint mark, and prevailing market conditions. Uncirculated examples, exhibiting minimal wear, command a higher price than circulated coins showing signs of use. Identifying the mint mark, located on the reverse of the coin, is crucial as certain mints produced fewer coins, thus increasing their scarcity and potential value.
Understanding the factors influencing pricing enables both collectors and investors to make informed decisions. These coins represent a tangible link to a significant era in United States history, the silver mining boom and subsequent legislation mandating its coinage. The aesthetic appeal and historical relevance contribute to its enduring collectibility.