★ Top PCGS Pop 1921 Morgan Dollar ★

1921 Morgan Silver Dollar. MS-67 (PCGS). CMQ.A brilliant and platinum-white example of this popular transitional issue. Exceptionally well struck and free from any distracting blemishes. The three 1921-dated Morgan dollar issues - the first of their kind since 1904 - were achieved under the terms of the 1918 Pittman Act, which mandated that hundreds of millions of older silver dollars be melted down into bullion, the proceeds from which the government would use to purchase new silver at inflated prices to appease Western mining interests and, more significantly from a numismatic viewpoint, to provide backing for Silver Certificates. The newly acquired silver was to be coined into silver dollars. With the new Peace design taking longer than anticipated, the Mint resurrected the old Morgan design so that silver dollar coinage could resume as quickly as possible. At 44,690,000 pieces produced, in fact, the 1921 Philadelphia Mint has the highest mintage of the type, and it is the most plentiful Morgan dollar in terms of total number of coins extant in all grades. However, this very common issue develops into an important condition rarity in Superb Gem Mint State. Among the finest certified, this Condition Census MS-67 is exceptionally attractive for the issue, and represents an important opportunity for the collector of top-quality Morgan dollars.PCGS# 7296. NGC ID: 256X.PCGS Population: 33; 0 finer.

Estimate: $10000