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The 1881-O Morgan dollar is extremely common in circulated grades and remains widely available through about MS65, though above that point becomes scarce, as do most O-mint Morgans; pieces grading above MS66 are true rarities. PLs and DMPLs appear with some frequency in the lower MS levels but are downright rare in MS65 or higher.
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-O is very common in About Uncirculated grade, once called “slider Uncirculated.” Wayne Miller theorized that such coins were paid out into circulation in the greater New Orleans area, became redundant to commercial needs, and were brought back to the mint. To find a high-quality 1881-O will take some doing, but there are enough around that within a few months or so you should be successful.
Surface Quality: Strike is usually fairly sharp, but there are exceptions. Luster varies from frosty and attractive, these being in the distinct minority, to somewhat grainy and dull.
Prooflike Coins: Many 1881-O dollars have one or both dies with prooflike surface. However, bagmarks are endemic among these coins, and finding a truly choice example can be a real challenge.
Mintage and Distribution: Large numbers were released in and near the year of coinage; others remained stored. Quantities of 1881-O dollars filtered out of storage in the 1950’s and possibly earlier, with the result that by time of the Treasury release of 1962 through 1964 this was not a rare issue. If there had been a question, it was answered by the distribution of many more bags.
VARIETIES:
55 obverses and 40 reverses were shipped to New Orleans. Varieties are minor.
Catalog Information
GSID:
7484
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-O
Denomination:
$1
Designation:
MS
Mint Location:
New Orleans
Mint Mark:
O
Mintage:
5,708,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7128
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Coin Value History
1881-O $1 MS
Value By Grade
1881-O $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) |
|---|---|---|---|
| MS66 |
|
$8,750 | $1,234 |
| MS66 | - | $6,250 | $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-O $1 MS63 PCGS. CDN: $97.35 Whsle. Bid for NGC/PCGS MS63. Mintage 5,708,000. ...
$124
1881-O $1 MS62 PCGS. CDN: $84.50 Whsle. Bid for NGC/PCGS MS62. Mintage 5,708,000. ...
$189
1881-O $1 MS65 NGC. CDN: $780 Whsle. Bid for NGC/PCGS MS65. Mintage 5,708,000. ...
$1,586
1881-O $1 MS64 ANACS. Housed in a small-sized holder. Mintage 5,708,000. ...
$171
1881-O $1 GSA Soft Pack AU55 NGC. Mintage 5,708,000....
$139
1881-O $1 MS66 PCGS. The 1881-O Morgan dollar claims a substantial mintage of more than 5.7 million pieces, but the issue i...
$4,680
1881-O $1 AU58 ANACS. Ex: The Oregon Collection. Mintage 5,708,000....
$49
1881-O $1 MS61 NGC. Mintage 5,708,000. ...
$119
1881-O $1 Doubled Ear, VAM-27, AU53 PCGS. A Hot 50 Variety. Liberty's ear shows dramatic die doubling on this variety. The ...
$149
1881-O $1 Poor 1 ANACS. Mintage 5,708,000. ...
$119
1881-O $1 MS60 NGC. NGC Census: (307/18629). PCGS Population: (168/20550). CDN: $50 Whsle. Bid for NGC/PCGS MS60. Mintage 5...
$159
1881-O $1 VAM-13 AU50 ANACS....
$41
1881-O $1 NGC UNC Details (Artificial Toning)
$65
1881-O $1 GSA Soft Pack XF45 NGC. NGC Census: (24/15283). PCGS Population (44/16307). Mintage: 5,708,000. Numismedia Wsl. P...
$79
1881-O $1 Fair 2 PCGS. PCGS Population (6/13117). NGC Census: (0/12235). Mintage: 5,708,000. Numismedia Wsl. Price for prob...
$56
1881-O $1 Morgan Dollar--Partial Collar, Cleaned--ANACS. XF40 Details. (#7128)...
$57
1881-O $1 MS63 NGC. CDN: $105.33 Whsle. Bid for NGC/PCGS MS63. Mintage 5,708,000. ...
$119
1881-O $1 MS62 ANACS. Housed in a small-sized holder. Mintage 5,708,000. ...
$89
1881-O $1 MS65 NGC. CDN: $780 Whsle. Bid for NGC/PCGS MS65. Mintage 5,708,000. ...
$854
1881-O $1 MS64 NGC. CDN: $160 Whsle. Bid for NGC/PCGS MS64. Mintage 5,708,000. ...
$207
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