Whitman Expo
1921-S $1 PR65 BM
Greysheet & CPG® PRICE GUIDE
While the 1921 Farran Zerbe Morgan dollar proofs (or special strikes) from the Philadelphia Mint are rare, with only 150 to 200 known specimens, there is yet an even rarer type of 1921 Zerbe dollar. It is reported that 24 were struck at the San Francisco Mint for the titular president of the American Numismatic Association, and perhaps 4 or 5 specimens exist. They hit the sales circuit on but rare occasions and, when they are offered, realize huge prices. For example, one specimen graded PCGS/CAC SP65 went for $117,500 in a 2013 Heritage Auctions event. As with the Philadelphia-minted Zerbe dollars, these 1921-S Morgan dollars long classified as proofs have been the subject of controversy for some decades. It is believed that the 1921-S proofs really aren’t proofs at all but, rather – like their Philadelphia counterparts – special strikes made with polished dies and ordinary, circulation-quality planchets. Regardless of whether the Zerbe proofs are simply special strikes, they claim a unique place in numismatics and offer a fantastic story. Virtually every Morgan dollar enthusiast covets these coins, and many will spend huge sums of money for the chance to include one in his or her collection.
Obverse: Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse: The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
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All CDN prices are based on proprietary market knowledge and technology developed by CDN Publishing, LLC.
CPG® prices represent retail levels. Collectors should refer to CPG values as a starting place for their negotiations, or auction bid reference.
Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade. Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. The actual value can be more or less than this depending on factors including eye appeal and market timing.
Bluesheet (NGC & PCGS) prices represent the highest sight-unseen offers to buy on dealer networks like CDN Exchange. In many cases, there are no active sight-unseen buy offers, so CDN looks to the recent lowest market values for such an item. For this reason, Bluesheet values typically represent the floor of the market for the specified item. CDN only tracks Bluesheet on certain items.
CAC prices are for U.S. coins that meet the standards of the Certified Acceptance Corporation. You can learn more about CAC on their web site.
Price movement is indicated for price changes in the last 30 days.
The prices listed in our database are intended to be used as an indication only. Users are strongly encouraged to seek multiple sources of pricing before making a final determination of value. CDN Publishing is not responsible for typographical or database-related errors. Your use of this site indicates full acceptance of these terms.
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