In 1878, many coins were made, and the Morgan dollar was part of these coins. Silver Morgan dollars were made from 1878 to 1921 and most of the coins part of 1881 silver dollars are high value. Most of the value of coins is based on condition features. Here we will discuss the historical features of the 1881 Morgan silver dollar and other parameters. So let’s get started with the 1881 Morgan Silver Dollar Coin Value.
1881 Morgan Silver Dollar Value Chart
|
Condition
|
Silver 1881 No Mint mark dollar | Silver 1881 CC dollar | Silver 1881 O dollar |
Silver 1881 S dollar
|
| Good | $40 | 356 | $40 | $40 |
|
Very good
|
$38 | 425 | $40 | $38 |
| Fine | $51 | 450 | $51 | $51 |
|
Very fine
|
$42 | $475 | $43 | $42 |
|
Extra fine
|
$57 | $525 | $57 | $57 |
| AU | $50 | $540 | $57 | $50 |
|
Mint state 60
|
$75 | $600 | $75 | $75 |
|
Mint state 65
|
$475 | $1,250
Deep Mirror Prooflike: $4,000 |
$1,050 | $240 |
|
Proof 63
|
$140
Prooflike: $315 |
/ | / | / |
1881 (P) No mint mark Silver Dollar Value
In 1881 the P mint did not make a larger number of Morgan dollars coins. But about 9 million coins were made by Philly that year. The extremely fine 45-grade coin is about 50 dollars. MS65 grade is about 600 dollars.
MS66+ grade coins are of $4,750.
MS67 grades are about $21,000. MS67+, a single coin exists that is about $60,000.
1881 proof Morgan Silver Dollar Value
With that normal silver dollars the P mint also made 975 proof coins in 1875. Low-grade coins are high value and can be about $1,050 to $1,800 for one.
High grades of proof silver coins are $2,550 to $16,500, and PR 68 can be about $21,780 to $33,000 at auctions.
Coins with deep camp contrast are high value and normally their value is $40,000 to $47,500.
High-grade are costly coins such as PR67 grade sold for $125,000.
In 2018 PR67 grade sold for $105,000 at an auction.
1881 S Silver Dollar Value
The 1881 S mint mark coins made by San Francisco about 13 million coins. At that time about half coins were not used for circulation but were released in 1962 so they are easy to Morgan dollars for mint state. SO high-grade coins can be bought at reasonable prices.
The value of 1881 S mint MS67 grade value is about $1,000.
For proof grade coins value can of 2000 dollars. Coins for that grade with deep mirror prooflike (DMPL) designation are about $11,500.
1881 O Morgan Silver Dollar Value
The New Orleans Mint made less number of coins and about 5,708,000 survived and were less cost than other minted coins.
Their value for circulation conditon can be $34 to $73, while most coins of the best quality coins are rare and about a few hundred dollars. MS 68 grading coins are $5,000 to $7,000.
1881 CC Morgan Silver Dollar Value
There were 296,000 silver dollars made in 1881. Mint states their value is about $600 to 6,000 and rare coins of MS68 grade can sold for $65,000. MS68 grade coin sold for $67,563 in 2015.
Regular silver dollars for this mint-proof coins also exist that have a value range of $600 to $11,250 and DMPL coins are of $700 to $52,500, based on preservation level.
1881 Silver Dollar Details
- Types: Morgan dollars
- Mints: Philadelphia, New Orleans, San Francisco, and Carson City
- Total mintage: 27,927,975
- Thickness: 2.9 millimeters (0.09 inches)
- Composition: 90% sillver, 10% copper
- Obverse & Reverse designer: George T. Morgan
- Edge: Reeded
- Diameter: 38.1 millimeters (1.5 inches)
- Weight: 26.73 grams
1881 Silver Dollar Errors
Failed die obverse Error
This type of error is caused by to die failure used to make an image on the front side. So there is an unfinished image on CoIn having a missing design component. These coins are of $1,500 at an auction.
Off-center Error
When the die is not accurately aligned on soin the blank crescent-like area on coins that can be about one to 95 percent. Coins with low percentage off-center are low value and 50 to 60 percent off-center coins are high value.
In 2007 1881 S silver dollar 5% off-center strike sold for 3000 dollars
1881 Silver Dollar Struck Through Debris
This error is the result of debris like dirt particles strcuk in the die and shifted to the coin. it makes coins having lines or marks on surface that become part of the coin design. 1881 S silver dollar with this error sold for $100 at auction.
Grease-filled die error
This error is part of the coin surface and the other parts are unvaried. This error is rare and has a value range of about $1,500.
Most Valueable silver 1881 Morgan coins
- 1881 PR 67 DCAM silver Morgan dollar= $105,000 sold in 2018
- 1881 PR 69 silver Morgan dollar= $83,950 sold in 2005
- 1881 S MS 66 PL silver Morgan dollar = $23,500 sold in 2017
- 1881 CC MS67+ GSA Hoard silver Morgan dollar =$19,388 sold in 2017
- 1881 O MS 66, PL silver Morgan dollar= $9,988 sold in 2013
- 1881 CC MS 67 PL silver Morgan dollar =$9,000 sold in 2020
- 1881 MS 65 PL silver Morgan dollar = $7,695 sold in 2022
- 1881 CC MS68 silver Morgan dollar = $67,563 sold in 2015
- 1881 CC MS 67 DMPL silver Morgan dollar = $63,250 sold in 2008
- 1881 S MS 69 silver Morgan dollar = $48,875 sold in 2009
- 1881 PR 67 CAM silver Morgan dollar = $46,000 sold in 2011
- 1881 O MS 65, DMPL silver Morgan dollar =$40,250 sold in 2008
- 1881 S MS 68 DMPL silver Morgan dollar = $40,250 sold in 2007
- 1881 O MS 66+ silver Morgan dollar =$39,950 sold in 2015
- 1881 MS 67 silver Morgan dollar = $28,200 sold in 2014
- 1881 MS 66D MPL silver Morgan dollar = $26,400 sold in 2023
History of 1881 Silver Dollar
In 1881 year third time the Morgan dollars coins were made. Their name is due to George T. Morgan. Morgan traveled from the UK to work at the mint and took the post of Chief Engraver,
The Morgan dollars were made in larger numbers. Morgan and Chief Engraver, William Barber made the design of coins but the design of MOrgan was selected by Mint Director, Henry Linderman.
Philadelphia, New Orleans, San Francisco and Carson City all made the 1881 silver dollars coins. The D mint not make these coins since would not open until 1897
The 1881 silver dollars were made with 90 percent silver and 10 percent copper. They are weight of 27 grams.
These coins were made until 1904 and then again made in 1921. After that again made in 2021 to celebrate 100 years after the transition.
The quantity of 1881 minted coins for different mints are
|
Mint
|
Mint Mark | Quantity |
|
Philadelphia
|
Silver 1881 No Mint mark dollar | 9,163,000 |
|
Philadelphia
|
Silver 1881 proof dollar | 975 |
|
Carson City
|
Silver 1881 CC dollar | 296,000 |
|
New Orleans
|
Silver 1881 O dollar | 5,708,000 |
|
San Francisco
|
Silver 1881 S dollar | 12,760,000 |
| Total | / | 27,927,975 |
Features of the Silver 1881 Morgan Dollar
Obverse of silver 1881 Morgan dollar
These coins come with Lady Liberty facing the left side. Made in US style and based on a real person, Anna Willess Williams. The motto E·PLURIBUS·UNUM and the mint date 1881 are also seen there. The word LIBERTY is also written on this side
Reverse of silver 1881 Morgan dollar
The reverse of 1881 silver morgan dollars comes with a US eagle on the backside. its wings are spread and holding arrows and twigs in talons.
The country name is UNITED STATES OF AMERICA and the denomination ONE DOLLAR is also there. The motto IN GOD WE TRUST written there and put over the bald eagle’s head. A mint mark is also on this side under the bow that ties the wreath.
Some other features of 1881 morgan silver dollars are
- its face value is one dollar
- It has a round shape and is made with 90% silver and 10% copper
- it has silver of about 0.7734 troy ounces and the coin weight is about 0.8594 troy ounces
- The diameter is 1.50 inches and the edge is reeded
How much is an 1881 Morgan silver dollar worth?
The 1881 dollar in circulated conditon is about $38.50 and $63. 1881 Silver Dollars in pristine, uncirculated condition sell for as much as $30000. 1881 San Francisco Morgan dollar graded MS69 about $160,000.
What is the most valuable silver Morgan dollar?
most valuable Morgan silver dollars are
- 1893-S Morgan Dollar= $3,000-$1,250,000
- 1884-S Morgan Dollar= $34-$1,250,000
- 1889-CC Morgan Dollar= $425-$1,200,000
- 1894 Morgan Dollar= $525-$125,000
- 1903-S Morgan Dollar=$85-$120,000
- 1879-CC Morgan Dollar=$150-$90,000
- 1895-O & 1895-S Morgan Dollar= $150-$700,000
- 1895 Morgan Dollar= $32,500-$175,000
- 1893-CC Morgan Dollar= $220-$142,500
- 1885-CC Morgan Dollar= $440-$130,000
What makes an silver 1881 Morgan coin High value?
The 1881 silver morgan dollars are about 150 years old and in good condition, coins are rare and collectible. Error coins are considered as rare and of high value.
How many 1881 silver dollars were minted?
There were millions of coins in 1881 silver dollars made at Philadelphia, New Orleans, Carson City, and San Francisco Mints combined. 28 million Morgan silver dollars made in 1881.
Is a 1881 silver dollar rare?
How many mintage Morgan silver dollars are there?
What are the 10 rarest Morgan silver dollars?
- 1889-CC Morgan Silver Dollar.
- 1893-O Morgan Silver Dollar.
- 1893-S Morgan Silver Dollar.
- 1894 Morgan Silver Dollar.
- History and Trivia.
- 1895 Morgan Silver Dollar.
- 1895-O Morgan Silver Dollar.
- 1901 Morgan Silver Dollar.