Morgan 1921 Replica... But Why!

Nah, it's just fake, or replica, silver.

What I find most interesting about this thread are the comments, not the auction.

The reason that this seller is still on ebay is because he both turns a profit for himself as well as for ebay.

His feedback is outstanding, 99.6 percent of 9000 sales. ebay gives him their top rated seller award. Check into that if you don't know what it means.

There are a growing number of collectors worldwide who specialize in counterfeits, and will pay hefty premiums over the value of a genuine coin, hence the common date and mint mark. Counterfeit collectors want counterfeits, and are not interested in the rarity factor of the genuine coin that it mimics.
Besides, counterfeiting rare coins would attract ignorant collectors who don't know how to read, bidding on, and later causing problems when the coin arrives and it isn't genuine.

Worldwide postage from China is dirt cheap, and I do mean 'dirt cheap'. If you (in the USA) were to return the coin to him, it would cost you an arm and a leg.

This seller does not attempt to deceive anyone into thinking that the coins could be genuine. Check out how many times this is spelled out in the auction. Check out his store name.

His coins weigh the same as a genuine coin, but he makes no claim as to any silver content at all.

A $2.00 coin, maybe 5 cents to make it, 25 cents combined ebay and paypal fees, less than 10 cents in postage. This guy has just made $1.60, and he knows that a US buyer is not going to spend $15.00 returning it.

This guy is an entrepreneur, breaking no laws in China. The replica stamp thing is a US law, and can be added by the US owner if desired. Most counterfeit collectors would not want the replica stamp on the coin however, for both aesthetic and value purposes.