The value of an 1881 silver dollar coin can vary significantly depending on several key factors:
The year 1881 saw the minting of both Morgan Silver Dollars and Seated Liberty Half Dollars , though the latter were technically half dollars . Morgan dollars are the most common type of 1881 silver dollar. There are also Proof editions of these coins, which were produced specifically for collectors.
- 1881-P (Philadelphia): Circulated conditions are valued at around $44-$63 as of August 2025. Pristine, uncirculated specimens could reach up to $32,500.
- 1881-CC (Carson City): Considerably rarer and more valuable due to lower mintage numbers. Circulated examples could be worth between $225-$505, while uncirculated specimens have sold for as much as $32,500. Some [1881-CC Morgan Dollars have been valued at $1,390] or even $1435, according to the Littleton Coin Company https://www.littletoncoin.com/shop/1881-cc-morgan-silver-dollar-1651pm4?utmsource=google&utmmedium=organic&utmcampaign=surfaces-across-google&utmterm=1651P.M4&srsltid=AfmBOoq3Z6X3r-OUcJ8FXgoEw5FFRCIQKR2lcm20is-9EldVXp_7ooT-PII}. [Another 1881-CC example was listed at $19,000 by Rare Coin Wholesalers].
- 1881-O (New Orleans): Values are similar to the Philadelphia mint, with circulated coins worth roughly $39-$41.
- 1881-S (San Francisco): Often considered the most collectible due to its availability in high grades. Circulated coins fetch approximately $44.50 – $63. Uncirculated examples can be valued as high as $45,000. [One such 1881-S Morgan dollar graded MS-66 was listed at $499.99 on APMEX]. [Another, graded MS68+, was listed at $18,644.99 on eBay].
This is a critical factor in determining value. Coins are graded on a scale from Poor to Mint State (MS), with higher grades fetching higher prices. “Mint state” coins, which are coins that have never been circulated, are generally more valuable.
- Circulated coins are plentiful and generally command prices slightly above their melt value (which is based on the fluctuating price of silver).
- Uncirculated coins can range from under $100 to tens of thousands of dollars, depending on the specific mint mark and the coin’s eye appeal (sharpness of strike, luster, and surface quality).
- Coins designated as Prooflike (PL) or Deep Mirror Prooflike (DMPL) are often more desirable and thus more valuable than standard Mint State coins.
- Certifications: Coins certified by reputable grading services like PCGS or NGC may command higher prices.
- Special characteristics: Exceptional toning or other unique features can also significantly increase a coin’s value, as illustrated by an 1881-S Morgan dollar with vibrant rainbow toning that sold for $45,825.
In conclusion
A circulated 1881 Morgan Silver Dollar is worth more than its bullion value, typically ranging from $44 to $63, while uncirculated specimens and Carson City mint examples can be significantly more valuable. Always research the specific mint mark and condition of your coin when trying to determine its value.
How to tell if a 1881 silver dollar is real?
Pocket-sized digital scales and a digital caliper used to measure diameter are available online for a total of approximately $30 to $40. If the newly purchased coin does not meet the standard diameter (38.1mm) and standard weight (26.73 grams), it’s counterfeit.
How much is a 1881 cc silver dollar worth today?
According to the NGC Price Guide, as of August 2025, a Morgan Dollar from 1881 in circulated condition is worth between $225 and $505.
How to tell if a 1 dollar coin is rare?
Great question! To ensure your coin is rare, check for minting errors, such as double strikes or planchet flaws, unique designs, or limited editions. The 2007 Sacagawea Dollar, with Edge Lettering, accidentally featuring a Presidential coin’s edge design, is exceptionally valuable due to its rarity, with only one known to exist.