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The 1881 Morgan dollar is an extremely common coin in all grades through MS65, though it becomes more challenging in MS66 and rare in MS67 or higher. Expectedly, PLs and DMPLs are much scarcer and are extremely rare in MS65 or better grades.
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 dollar was struck in large quantities. The sharpness of striking varies widely on coins seen today, as does the quality of the luster. However, there is no shortage of “average” pieces in the marketplace. Sharply struck, lustrous coins with superb eye appeal are hard to find and mount a challenge for the serious collector.
Surface Quality: Most 1881 dollars are well struck on obverse and reverse, although below-average pieces are seen on occasion, these with light definition at the centers. The luster of the 1881 varies from grainy or “greasy” to lustrous and frosty.
Prooflike Coins: Some dies are with prooflike surface and are in the distinct minority.
Mintage and Distribution: The 1881 dollar was so common in the East in the 1950’s that the coins were a nuisance to collectors who looked through bank bags. To these were added many Mint-sealed bags that were released circa 1955. By the time of the Treasury release in 1962 through 1964, this was not a date talked about when bags were discussed, but individual coins remained common.
PROOF STRIKES:
Mintage: 984. Two die pairs made, but only one known to have been used (with slight repunching). One reverse also used in 1882. Mintage by quarters: 700, 40, 0, 349; some melted.
Key to Collecting: Excellent strike and deep cameo contrast go together on most pieces.
VARIETIES:
There are mostly minor varieties from 59 obverse and 47 reverse dies made, but the number used is not known.
Catalog Information
GSID:
7434
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
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
9,163,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7124
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Body: Referring page: http://dev.greysheet.com/prices/item/1881-morgan-silver-dollar-coin-values/gsid/7434 GSID: 7434 Title: 1881 $1 MS
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Coin Value History
1881 $1 MS
Value By Grade
1881 $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) |
|---|---|---|---|
| MS67 |
|
$27,000 | $1,234 |
| MS67 | - | $13,000 | $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 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
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]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
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 $1 MS64 PCGS. CDN: $107.37 Whsle. Bid for NGC/PCGS MS64. Mintage 9,163,975. ...
$114
1881 $1 MS63 NGC. Housed in a Generation 4 fatty holder. CDN: $98.16 Whsle. Bid for NGC/PCGS MS63. Mintage 9,163,975....
$139
1881 $1 MS65 PCGS. CDN: $360 Whsle. Bid for NGC/PCGS MS65. Mintage 9,163,975. ...
$439
1881 $1 MS66 NGC. NGC Census: 116 in 66 (16 in 66+, 4 in 66?, 2 in 66?+), 5 finer (7/26). CDN: $1,200 Whsle. Bid for NGC/P...
$1,159
1881 $1 MS62 PCGS. CDN: $67.13 Whsle. Bid for NGC/PCGS MS62. Mintage 9,163,975. ...
$114
1881 $1 GSA Soft Pack AU53 NGC. NGC Census: (64/14170). Mintage 9,163,975....
$84
1881 $1 MS67 NGC....
$7,500
1881 $1 Doubled 18-1, VAM-10, MS60 PCGS. PCGS Population: (38/15746). NGC Census: (57/13410). CDN: $53 Whsle. Bid for NGC/P...
$53
1881 $1 VAM-15 -- Cleaned -- ANACS Details. AU58....
$32
1881 $1 Doubled Ear, VAM-21, Discovery Coin, -- Cleaned -- ANACS. AU55 Details. Mintage 9,163,975....
$216
1881 $1 Poor 1 ANACS. Mintage 9,163,975. ...
$79
1881 $1 PCGS Genuine UNC Details Altered Surfaces - No Reserve!
$56
$51
1881 $1 VF25 PCGS. PCGS Population (6/11550). NGC Census: (4/9645). Mintage: 9,163,975. Numismedia Wsl. Price for problem f...
$36
1881 $1 MS64 PCGS. CDN: $106.20 Whsle. Bid for NGC/PCGS MS64. Mintage 9,163,975. ...
$119
1881 $1 MS63 PCGS. Housed in a Generation 3.1 green label holder. CDN: $93.37 Whsle. Bid for NGC/PCGS MS63. Mintage 9,163...
$129
1881 $1 MS65 PCGS. CDN: $360 Whsle. Bid for NGC/PCGS MS65. Mintage 9,163,975. ...
$390
1881 $1 MS66 NGC. NGC Census: 123 in 66 (20 in 66+, 4 in 66*, 2 in 66*+), 5 finer (12/25). CDN: $1,200 Whsle. Bid for NGC/P...
$1,281
1881 $1 MS62 NGC. Mintage 9,163,975. ...
$79
1881 $1 AU53 PCGS. PCGS Population (25/10912). NGC Census: (43/9220). Mintage: 9,163,975. Numismedia Wsl. Price for problem...
$46
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