Morgan Silver Dollars were produced by the Mint from 1878 to 1904, and then production was halted after passage of a bill under the Sherman Silver Purchase Act that forced the US Mint to stop striking the coins once silver reserves purchased in the Act were depleted.

The 1921 Morgan Silver Dollar marked the reintroduction of silver dollars after World War I, but it was a short-lived return for the Morgan design. The Philadelphia Mint struck 44.69 million coins that year with no mint mark, while the Denver Mint struck 20.34 million with a D mark and the San Francisco Mint struck 21.695 million with an S mint mark

On the obverse of the Morgan Silver Dollar is the left-profile portrait of Liberty, with 13 stars arranged around her image. The reverse includes the image of the American bald eagle clutching arrows in one talon and an olive branch in the other. This design was replaced later in 1921 by the new Peace Silver Dollar.