Want to know the value of an 1881 Silver dollar? You are in luck because in this post we’ll teach you everything that you might want to know regarding the 1881 Silver Dollar value. Read on for the details….
The 1881 silver dollar is a valuable coin with a long and storied history. It was minted following the Coinage Act of 1873, which ended the production of the silver dollar. The Morgan dollar was named for its designer, George T.
There are a few different factors that affect the value of a coin, and the 1881 Morgan silver dollar is no exception. The condition of the coin and its rarity are two of the main things that collectors look at when determining value. If you’re lucky enough to have an 1881 Morgan silver dollar or rare coins, it’s important to know how to care for them properly.
The Current Value Of 1881 Silver Dollar
As a general rule, 1881 Morgan silver dollars in excellent condition and rare varieties tend to be worth more than most circulated specimens – some can up to tens of thousands of dollars.
A few factors affect the value of a Morgan silver dollar. The most important factor is the date and mint mark on the coin. Coins from earlier years or certain mints are more valuable than others. Another factor is the condition of the coin. Coins that are in better condition will be worth more than those that are damaged or worn.
The History of 1881 Morgan Silver Dollar Value
Key Events in the History
- The first Morgan silver dollars were minted in 1878, and production continued until 1904 when the Peace Dollar replaced it. The Morgan dollar was named for its designer, George T. Morgan.
- Congress authorized the re-minting of silver dollars. The new coins were similar in size and weight to the Spanish eight reales coin, which was popular in the United States. The coin's obverse side featured Liberty seated on a rock, and the reverse side featured an eagle with outstretched wings.
- By 1881, a surplus of silver dollars was in circulation, leading Congress to pass the Coinage Act of 1878. The Act demonetized most U.S. silver coins (except for certain trade coins), including the dollar piece. As a result, many 1881 Silver Dollars were melted down by the government or private citizens.
Morgan silver dollars minted from 1878 to 1904 contain 90% silver and 10% copper. Today, these coins are worth their weight in silver. For example, a coin that weighs 26.73 grams (0.9 oz) contains 0.7734 troy ounces of silver and is worth about $15 at current silver prices.
Features of the 1881 Silver Dollar
The 1881 silver dollar is a valuable coin for collectors. It was minted in limited numbers and contained a high percentage of silver. The following are some of the features that make it valuable:
The Obverse of the 1881 Morgan Silver Dollar
The obverse of the 1881 Morgan silver dollar features a portrait of Liberty. She is facing left and wearing a Phrygian cap, which symbolizes freedom. The date is below her, and the word “LIBERTY” is above her head. There are seven stars on the left side of the coin and six on the right, representing the states in the Union at the time. The motto “E Pluribus Unum” is inscribed on this side of the coin.
The Reverse of the 1881 Morgan Silver Dollar
While the 1881 Morgan Silver Dollar's obverse surface features Lady Liberty's profile, the reverse features a bald eagle with outstretched wings. The coin’s reverse features an eagle with wings spread, clutching arrows, and an olive branch in its talons. Above the eagle are the words “United States of America,” and below it is the denomination “One Dollar”.
The value of Different Types of 1881 Silver Dollars
1881 Silver Dollar without a Mint Mark
Morgans would have no mint mark if they were minted in Philadelphia. In case you’re wondering, Mint marks are small letters stamped on a coin to indicate the mint that produced it. For example, coins minted in Philadelphia have a “P” mint mark, while coins minted in Denver have a “D” mint mark.
Morgan dollars without a mint mark were all made at the Philadelphia Mint. The lack of a mint mark means that these dollars are less valuable than those with a mint mark, which can indicate where and when the coin was made.
However, Morgan dollars without a mint mark are still popular among collectors and can be worth more than face value. So, even though Morgans without a mint mark are not as valuable, you can still go ahead and collect them. In 2018 the 1881 silver coin was auctioned at $28200.
1881 Proof Morgan Silver Dollar
If you're looking for Proof of Morgan silver dollars, then there are a few things you need to know.
- First and foremost, proof coins are specially made for collectors and, thus, are usually in better condition than regular circulating coins.
- Secondly, proof coins generally have a lower mintage than regular coins, which makes them rarer and, therefore, more valuable.
- Proof coins often have different designs than regular coins so that they can be distinguished from their circulating counterparts.
Proof Morgan silver dollar is worth quite some good money. Moreover, they are highly sought after by collectors and can fetch high prices at auction. For example, uncirculated proof silver dollar coins can sell for up to $3000.
1881 S Morgan Silver Dollar
Uncirculated 1881 S Morgan is worth more than circulated ones. Morgans were minted at San Francisco (S). Coins from the Carson City and San Francisco Mints are worth more than those from Philadelphia and New Orleans.
1881 S Morgan are rarer than others due to low mintage figures or other factors. The 1893-S is the most valuable Morgan silver dollar because only 13 million were minted. An 1881 S silver can be worth up to $200.
1881 O Morgan Silver Dollar
The value of an 1881 O Morgan silver dollar depends on its condition and whether it is circulated or uncirculated. Uncirculated coins are worth more than circulated ones. Coins cleaned or damaged are also worth less than those in good condition. An 1881 O Morgan silver dollar can cost less than $30.
1881 CC Morgan Silver Dollar
The CC Morgan Silver Dollar is one of the most popular silver dollars among collectors. The CC designation is “Carson City,” where the coin was minted. These coins are highly sought after due to their low mintage numbers and high quality.
The Carson City Mint only produced Morgan Dollars for three years, from 1878-1880. A total of just over 1 million CC Morgans were minted, compared to over 20 million dollars at the other mints combined. It makes the CC Morgan one of the rarest and most valuable silver dollars.
CC Morgans are highly collectible and desirable coins. They typically sell for much higher prices than other Morgan Dollars. A common date CC Morgan in good condition can easily sell for $450 or more. Some of the rarer dates can be worth several times that amount.
1881 Morgan Silver Dollar Grading
There are a few different ways that you can grade the condition of your Morgan silver dollar. The most important factor in determining the value of your coin is its grade or condition. Here’s how to grade your Morgan silver dollar:
Uncirculated 1881 Morgan Silver Dollar
The 1881 Morgan silver dollar is a highly sought-after coin by collectors due to its scarcity and desirability. The value of an uncirculated 1881 Morgan silver dollar depends on its grade or condition. A coin that has never been circulated and is in pristine condition will be worth more than a coin that has been circulated and shows some wear and tear.
Extremely Fine 1881 Morgan Silver Dollar
The extremely fine 1881 Morgan silver dollar is a popular coin among collectors. The date, mint mark, and eagle on the reverse make this coin stand out among other Morgan dollars. The coin's obverse features Lady Liberty with her hair flowing in the wind.
The words “E Pluribus Unum” are inscribed on the coin's obverse. The reverse of the coin features an eagle with its wings spread wide. The words “United States of America” and “One Dollar” are inscribed on the coin's reverse.
Fine 1881 Morgan Silver Dollar
The 1881 Morgan silver dollar is a highly sought-after coin by collectors and investors. This coin's value depends on its condition, with uncirculated examples fetching the highest prices. Even coins that have been heavily circulated can be worth a significant amount of money, so it's always worth checking the current market value of this coin before selling.
Good 1881 Morgan Silver Dollar
A good 1881 Morgan silver dollar is a coin that has been circulated and will exhibit wear on the highest points of the coin. A good 1881 Morgan silver dollar should also be free of any major damage, such as nicks, scratches, or scrapes. When it comes to the value of a good 1881 Morgan silver dollar, the price will vary depending on the current market conditions.
1881 Morgan Silver Dollar Errors and Rarity
There are several Morgan silver dollar errors and rarities that can impact the value of these coins. Some common errors include off-center strikes, double-stamped coins, and wrong planchet errors. These coins are usually worth less than regular Morgan dollars but can be valuable to collectors.
The rarest and most valuable Morgan dollars were minted in 1881, the 1881 proof Morgan Silver dollar. These coins are extremely rare and can be worth thousands of dollars or more. These coins can also be quite valuable, especially if they're in good condition.
Conclusion
The Morgan silver dollar was minted from 1878 to 1904 and again in 1921. Over 100 million Morgans were produced, making it one of the most common silver dollars. They are a popular choice for collectors, and their value will continue to increase as time goes on.
