This was a necklace that we found in my mother’s jewelry collection. It seems to be a coin in good shape. Can you give me any advice on it? Should I leave it in the casing or remove it? Any information will be helpful.
Karl from Dover
Dear Karl,
What your mom has or had is a Morgan 1921 silver dollar. It wasn’t uncommon to find dollar or half dollar coins in necklace form (sometimes other coins as well). Condition on most is poor but the coins, if older like hers, are usually real silver.
The Morgan dollars were minted from 1878 to 1904 and then again in 1921 like yours. If you look closely on the back of the coin, between the D and the O of “dollar,” there should be a tiny letter. That will give you the mint where it was struck (made).
The value on them in general for the year 1921 is in the range of $25 to $40 depending on the condition. If it were mine I would leave it in the setting until you bring it to someone to see. If you are looking to sell it, let them remove it. Until then don’t clean it; just keep it as you found it.
Note: Never clean coins yourself. Always let a professional in coins handle that, because cleaning can lower the value of coins.