The 1901 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Morgan Silver Dollar
Year: 1901
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.87
The US minted the 1901 silver dollar with no mint mark and also the 1901 O silver dollar and 1901 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 |
|---|---|---|
| 1901 | Philadelphia | 6,962,000 |
| 1901 O | New Orleans | 13,320,000 |
| 1901 S | San Francisco | 2,284,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.87. This melt value is calculated from the current silver spot price of $28.28 per ounce.
The 1901 silver dollar with no mint mark is worth around $85 in very fine condition. In extremely fine condition the value is around $200. In uncirculated condition the price is around $4,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $400,000.
The 1901 O silver dollar is worth around $45 in very fine condition. In extremely fine condition the value is around $47. In uncirculated condition the price is around $70 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $245.
The 1901 S silver dollar is worth around $75 in very fine condition. In extremely fine condition the value is around $125. In uncirculated condition the price is around $700 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $3,250.
Proof coins with no mint mark are available and they are each valued at around $3,750 in PR 63 condition. There were only 813 proof coins minted.
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Double Die Error Coins
There is a valuable double die error variety for the 1901 silver dollar with no mint mark. This is an overlap error where the markings will overlap each other. This error can be found on the obverse side of the coin.
The 1901 silver dollar with no mint mark double die error coin is worth around $425 in very fine condition. In extremely fine condition the value is around $1,300. In uncirculated condition the price is around $15,000 for coins with an MS 60 grade.
Grading System
Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- 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.
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