1921 MORGAN SILVER DOLLARS: CULLS

1921 Morgan Culls

From Culls to MS64, Spring Hill Coin Shop has Morgan Silver Dollars. 1878 – 1904 and 1921!

20 in stock

1921 Morgan Silver Dollar Culls

Year1921
Mint MarkVaries ** See Notations Below
Purity.900
ManufacturerUS Mint
Thickness2.85 mm
Diameter38 mm
ConditionCull
Face Value$1
Issuing CountryUnited States
Obverse DesignerGeorge T. Morgan
Reverse DesignerGeorge T. Morgan
Edge DesignReeded
SeriesMorgan Silver Dollar
CoANo
Weight.7734 Troy Ounce
Mint Marks:
  • No Mint Mark = Philadelphia
  • D = Denver
  • S = San Francisco
Spring Hill Coin Shop sells 1921 Morgan Silver Dollar Culls.

About the Morgan Silver Dollar:

 

1898:

In 1898 Congress approved a bill that required all silver bullion remaining under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar.

1910:

The U.S. Mint destroyed all Morgan Dollar master hubs.

1918:

WWI events led to the British seeking help from the U.S. The British were experiencing a Silver shortage. Having issued more Silver Certificates in India, than they had Silver to back those certificates up. This jeopardized the entire WWI Allied side. Fast forward to their resolution:

The Pittman Act:

Sponsored by Senator Key Pittman of Nevada. This Act authorized the conversion of standard silver coin dollars into bullion. And were sold to Great Britain at $1 per fine ounce.

It also called for a temporary removal of Silver Certificates equal to the amount given to the British. These Certificates were temporarily replaced with the new issuance of Federal Reserve Bank Notes of $1. Including $2 denominations which debutted for the first time.

The Pittman Act also called for the Silver Coins in which were melted down, to be replaced after the war.

1920:

Between 1920 – 1933, the United States purchased the same amount of silver from American output mines. At a fixed rate of $1 per ounce. Which at the time, was actually ABOVE the current market rate.

US Engraver George Morgan made new, low relief hubs from scratch to replace the ones destroyed.

1921:

By March of 1921, Silver hit a low of 53 cents/ ounce. But the new Morgans were struck. Which with the new design, resulted in flat or lifeless looking coins. But no one cared. They were to be stored at the Treasury to back up the Silver Certificates. They were not intended to ever been seen. 

By December of 1921, the Peace Dollar had officially replaced the Morgan Dollar. Production of the Morgan Dollar never commenced again!

CULLS

1921 MORGAN CULLS

Similar Listings

BETTER, CULL+ – MORGAN SILVER DOLLARS

This Morgan Silver Dollar has been assessed by Spring Hill Coin Shop as being in good condition and is from years of our choice (1878 – 1904 or 1921, depending on which item is ordered). Coins with a “better/cull+” designation are considered to be in overall a better or good condition above a cull.

CIRCULATED (XF) – MORGAN SILVER DOLLARS

This Morgan Silver Dollar has been assessed by Spring Hill Coin Shop as being in Circulated condition and is from years of our choice (1878 – 1904 or 1921, depending on which item is ordered). Coins with a “circulated” designation are considered to be in good condition, with obvious circulation marks but have mostly avoided the common signs of wear (such as a cull with little to no definition left to the coin).

Better, Cull+ designation means:

Date, mintmark and lettering should be readable.

30-40%% of the detail remains.

Circulated designation means:

Date, mintmark and lettering should be readable.

65 – 75% of the detail remains.

1921 Morgan Silver Dollar Culls

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