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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:
7435
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 #:
7125
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Coin Value History
1881 $1 MS PL
Value By Grade
1881 $1 MS PL
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS65 |
|
$2,900 | $1,234 |
| MS65 | - | $2,450 | $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 |
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 Prooflike PCGS. Mintage 9,163,975....
$384
1881 $1 MS66 Prooflike PCGS. Substantially prooflike fields covered in a faint mist of delightful yellow-gold deliver stron...
$5,280
1881 $1 MS63 Prooflike PCGS. Mintage 9,163,975....
$264
1881 $1 MS61 Prooflike NGC. NGC Census: (17/247). Mintage 9,163,975. ...
$264
1881 $1 MS62 Cameo Prooflike ANACS. Mintage 9,163,975....
$180
1881 $1 MS65 Prooflike PCGS. PCGS Population: (17/1). NGC Census: (6/1). CDN: $1,950 Whsle. Bid for NGC/PCGS MS65. Mintage ...
$1,680
1881 $1 MS64 Prooflike NGC. Mintage 9,163,975....
$384
1881 $1 MS66 Prooflike NGC. ...
$2,300
1881 $1 MS63 Prooflike PCGS. PCGS Population: (144/120). NGC Census: (90/103). CDN: $175 Whsle. Bid for NGC/PCGS MS63. Mint...
$228
1881 S$1 MS61 Prooflike ANACS. ...
$41
1881 $1 MS62 Prooflike PCGS. PCGS Population: (74/259). NGC Census: (48/189). CDN: $150 Whsle. Bid for NGC/PCGS MS62. Minta...
$154
1881 $1 MS65 Prooflike PCGS. PCGS Population: (17/1). NGC Census: (6/1). CDN: $1,950 Whsle. Bid for NGC/PCGS MS65. Mintage ...
$1,680
1881 $1 MS64 Prooflike PCGS. Mintage 9,163,975. ...
$336
1881 $1 MS66 Prooflike NGC. ...
$2,760
1881 $1 MS63 Prooflike PCGS. PCGS Population: (142/117). NGC Census: (89/100). CDN: $175 Whsle. Bid for NGC/PCGS MS63. Mint...
$336
1881 $1 MS62 Prooflike PCGS. PCGS Population: (72/251). NGC Census: (46/187). MS62. Mintage 9,163,975. ...
$119
1881 $1 MS65 Prooflike PCGS. ...
$2,100
1881 $1 MS64 Prooflike NGC. Mintage 9,163,975. ...
$456
1881 MS66 Prooflike NGC. ...
$3,335
1881 $1 PCGS MS63 PL (OGH)
$305
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