1921 Morgan Silver Dollar ICG MS64

A 1921 Morgan Silver Dollar graded ICG MS64 is a coin that has been certified by the Independent Coin Graders (ICG) as being in Mint State 64 condition.¹ This is a very common coin, but a certified, uncirculated example still holds a premium over its silver melt value.

Value and Mintage

The 1921 Morgan Silver Dollar holds a unique place in numismatic history as the final year of the Morgan series.² The U.S. Mint struck over 86 million of these coins across three mints: Philadelphia, Denver (D), and San Francisco (S), making it the highest mintage year for the series.³ Because of this, it is not considered rare in lower grades. However, a high-quality, certified example in Mint State still has collector value.⁴

• The value of a 1921 Morgan Dollar graded MS64 can vary depending on the mint mark and the grading service.⁵ As a general guide, values for a common date (Philadelphia) can range from $60 to $100+, while examples from the Denver or San Francisco mints can command higher prices.

   

• Coins with special designations like “Prooflike” (PL) or “Deep Mirror Prooflike” (DMPL) can be significantly more valuable.⁶

   

ICG MS64 Grade Explained

MS64 stands for Mint State 64.⁷ The “MS” prefix indicates that the coin has not been in circulation and has no signs of wear.⁸ The number 64 is a numerical grade on the Sheldon Scale, which runs from 1 to 70.⁹

• An MS64 coin is considered to be Uncirculated with a good overall quality.¹⁰

   

• The coin may have a few scattered contact marks or light scuffs, but they should not be severe or heavily distracting.¹¹

   

• The luster, or original mint shine, should be present and at least average for the coin type.
• This grade is often seen as a good balance of quality and value, as it represents a coin with good eye appeal without the significant price jump of a “Gem” grade (MS65 and higher).¹²

   

About Independent Coin Graders (ICG)

ICG (Independent Coin Graders) is a third-party coin grading service.¹³ While they provide an official grade and encapsulate the coin in a protective holder, they are generally considered a “second-tier” grading company compared to the industry leaders, PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Company).¹⁴ Because of this, coins graded by ICG may trade for a lower value in the market compared to the same coin with the same grade from PCGS or NGC.