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With its original production run of 296,000 pieces, the 1881-CC boasts one of the lowest mintages of any Carson City Morgan dollar, even lower than the key-date 1893-CC, with its mintage of 677,000. However, there are many more survivors of the 1881-CC than the 1893-CC, and this is seen in terms of price and availability. Yes, the 1881-CC is one of the pricier CC Morgans but is available in decent quantities through MS66, above which it becomes a scarce coin. A handful of MS68s exist but are priced beyond the means of most collectors, though they find plenty of eager bids from deep-pocketed registry set collectors. PLs and DMPLs appear in the marketplace with regular frequency, even in the Gem range.
Obverse Description
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 Description
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.
Book Reference
Key to Collecting: The 1881-CC dollar is easy to find in Mint State, often with deep luster and good strike. The low mintage of this issue and the popular Carson City mintmark contribute to the desirability. In worn grades this is one of the rarest dollars in the series!
Surface Quality: The strike is usually excellent on the 1881-CC, with good definition of the hair details and the eagle’s breast feathers. Wayne Miller suggested that, “on the whole the 1881-CC is probably the highest quality Morgan dollar struck at the Carson City Mint.”20 The luster is typically deep and frosty, yielding a very attractive coin.
Prooflike Coins: Many 1881-CC have semi-prooflike surfaces and can be attractive if not heavily bagmarked.
Mintage and Distribution: No dollars were minted from April 1 to October 1, 1881, contributing to a low production for this year. Relatively few were released in the 1880’s. Quantities were stored, including in the Treasury Building in Washington, D.C. Many were paid out in the 1930’s and at least a few bags more in 1954. After the great Treasury release was halted in March 1964, the General Services Administration holding of 1881-CC dollars totaled 147,485, or 49.82% of the original mintage, per a later inventory.21
VARIETIES:
Although the Van Allen–Mallis text lists six different varieties from 25 pairs of dies sent to the mint, none are dramatically distinctive.
Catalog Information
GSID:
7482
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1881
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1881-CC
Denomination:
$1
Designation:
MS
Mint Location:
Carson City
Mint Mark:
CC
Mintage:
296,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7126
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Coin Value History
1881-CC $1 MS
Value By Grade
1881-CC $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$60,000 | $1,234 |
| MS68 | - | $54,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
| P1 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
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Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
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Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
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Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1881-CC $1 MS64 PCGS. CDN: $680 Whsle. Bid for NGC/PCGS MS64. Mintage 296,000....
$702
1881-CC $1 MS65 PCGS. CDN: $900 Whsle. Bid for NGC/PCGS MS65. Mintage 296,000. ...
$1,037
1881-CC $1 MS67 PCGS. ...
$4,880
1881-CC $1 Good 4 PCGS. PCGS Population: 72 in 4, 26770 finer (12/25). CDN: $280 Whsle. Bid for NGC/PCGS Good 4 . Mintage 2...
$300
1881-CC $1 MS63 CACG. Mintage 296,000....
$840
1881-CC $1 MS62 NGC. VAM-2. CDN: $625 Whsle. Bid for NGC/PCGS MS62. Mintage 296,000....
$660
1881-CC $1 MS66 PCGS. VAM-2. CDN: $1,050 Whsle. Bid for NGC/PCGS MS66. Mintage 296,000....
$1,260
1881-CC $1 Fine 15 PCGS. PCGS Population: 78 in 15, 26235 finer (10/25). CDN: $330 Whsle. Bid for NGC/PCGS Fine 15. Mintage...
$432
1881-CC $1 VG8 PCGS. Mintage 296,000....
$384
1881-CC $1 Good 6 PCGS. PCGS Population: (63/24980). Mintage 296,000. ...
$288
1881-CC $1 Fine 12 PCGS. PCGS Population: (88/24700). Mintage 296,000. ...
$372
1881-CC $1 XF40 PCGS. PCGS Population: (42/24363). Mintage 296,000. ...
$456
1881-CC $1 VF30 PCGS. PCGS Population: (53/24328). Mintage 296,000. ...
$600
1881-CC $1 VF25 PCGS. PCGS Population: (61/24378). Mintage 296,000. ...
$480
1881-CC $1 AU50 PCGS. PCGS Population: (15/24171). Mintage 296,000. ...
$480
1881-CC $1 AG3 PCGS. PCGS Population: (32/24857). Mintage 296,000. ...
$264
1881-CC $1 MS61 NGC. Mintage 296,000. ...
$600
1881-CC $1 -- Wiped,Obverse -- CACG Details. Unc. Mintage 296,000....
$786
1881-CC $1 VF20 PCGS. PCGS Population: (52/24161). Mintage 296,000. ...
$384
1881-CC $1 XF45 NGC. NGC Census: (23/12249). Mintage 296,000. ...
$396
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