The 1881 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1881 Silver Dollar

Specifications

Type: Morgan Silver Dollar
Year: 1881
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $12.82

The US minted the 1881 silver dollar with no mint mark and also the 1881 CC silver dollar, 1881 O silver dollar, and 1881 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.

Series Location Quantity Minted
1881 Philadelphia 9,163,000
1881 CC Carson City 296,000
1881 O New Orleans 5,708,000
1881 S San Francisco 12,760,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $12.82 as of December 08, 2019. This melt value is calculated from the current silver spot price of $16.57 per ounce.

The 1881 silver dollar with no mint mark is worth around $30 in very fine condition. In extremely fine condition the value is around $37. In uncirculated condition the price is around $53 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $500.

The 1881 CC silver dollar is worth around $400 in very fine condition. In extremely fine condition the value is around $425. In uncirculated condition the price is around $500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $800.

The 1881 O silver dollar is worth around $40 in very fine condition. In extremely fine condition the value is around $42. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $925.

The 1881 S silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $45 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $125.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 984 proof coins minted.

Grading System

Very fine- About two thirds of Liberty's hair lines from above her forehead her ear are visible.

Extremely fine- Liberty's hair lines and ear look strong.

MS 60 Uncirculated condition- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 Uncirculated condition- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1882 Silver Dollar
1880 Silver Dollar
1879 Silver Dollar