The dollar coin is one of the rarest coin collections in the country. Struck in 1921, this coin is one of the most popular silver dollars created by the United States Mint. The coin was developed towards the end of 1921 and released in early 1922. The coins became an instant hit and were in massive circulation. Today, this coin is one of the rarest collections, with many people interested in it.
Read on to understand why the 1921 dollar coin is a staple for coin collectors.
The History and Development of the 1921 Dollar Coin
The 1921 dollar coin is a rare coin with massive value. At the time of its creation and circulation, the dollar coin was available in different variations. Morgan Silver Dollars played a key role in the county’s early development. The coin was initially minted by the United States from 1879 to 1905. Production stopped in 1905 because the demand for silver significantly reduced and there was more than enough supply of silver dollars. Over a decade later in 1918, Congress passed the Pittman Act of 1918.
This act recommended the melting of excessive silver dollars to help stabilize the market. Over 280 million silver coins were melted. Most of the melted silver was sold to Great Britain, which has offered to help stabilize the country’s economy. The move helped prevent an economic disaster in the United States. The melting of many silver coins increased their demand a few years later. This led to the minting of the 1921 dollar coin. The renewed desire for a beautiful design and iconic coin saw the 1921 dollar coin become an instant hit.
These types of dollars are highly valuable because they are the only ones produced at the Denver Mint. This explains why they cost more. Therefore, if you are interested in the 1921 dollar coin, you are in for a truly valuable asset. Its scarcity also increased its demand and value.
The Design of the 1921 Dollar Coin
The dollar coin is named after George T. Morgan, its designer, and U.S. Mint assistant engraver. The coin has made a major step in the United States coinage because it was the first to feature the Lady Liberty statue. This was an American-inspired approach rather than the traditional Greek style. The coin’s front displays a left-facing profile rather than the full body.
Morgan, the coin’s designer, used Anna Willess Williams who was a philosophical writer and teacher, as the model for Lady Liberty. She wears a cap dressed in cotton and wheat in honor of the country’s agricultural history. On the back of the 1921 dollar coin is the image of an eagle with beautifully and uniquely designed feathers.
The bird carries an olive branch and is neatly perched on tree branches. According to various interpretations, this picture symbolizes the United States’ desire for peace and willingness to defend her borders.
The Dollar Coin As a Staple
The dollar coin remains one of the most valuable and rarest coin collections. Owning such a coin will not only give you a sense of belonging but also a great value for money.
