The value of a 1901 U.S. dollar coin (Morgan Silver Dollar) can vary significantly depending on several factors:
- Mint Mark: The mint mark indicates where the coin was produced. 1901 Morgan Dollars were minted in Philadelphia (no mint mark), New Orleans (“O”), and San Francisco (“S”).
– Philadelphia (no mint mark): Considered a rarity, especially in high grades (Mint State). High-grade examples can command significant value, exceeding $10,000. An MS64 (Mint State 64) no-mint-mark coin sold for $58,000.
– New Orleans (“O”): More common than the Philadelphia issue, particularly in Mint State grades, [according to Gainesville Coins] . Circulated examples may trade close to the silver melt value. However, high-grade examples (e.g., MS65) can still be valuable, with an MS67 example selling for over $16,000.
– San Francisco (“S”): Also more common than the Philadelphia issue in lower grades. A high-grade example can fetch over $42,000.
- Condition (Grade): This is a critical factor, with coins graded on the Sheldon Scale from 1 (poor) to 70 (perfect Mint State). Uncirculated (Mint State) coins are typically worth considerably more than circulated ones. Higher grades (e.g., MS65 and above) dramatically increase a coin’s value.
- Rarity: The Philadelphia 1901 Morgan Dollar is particularly known for its rarity in Mint State, with less than 200 believed to exist at MS63 or above.
- Silver Content: 1901 Morgan Dollars are composed of 90% silver, providing a baseline value tied to the current silver market. The melt value of a 1901 Morgan Dollar (0.7734 oz of silver) was around $29.72 as of August 10, 2025.
- Varieties and Errors: Specific varieties and recognized errors, like the “Doubled Ear” variety (VAM-5 or VAM-16), can also significantly impact the value. For example, a “Doubled Ear” VAM-5 in Mint State can be valued between $110 and $10,000.
In summary, a typical 1901 Morgan Silver Dollar in circulated condition might be worth around $30 to $60. However, uncirculated examples, especially the Philadelphia mint issue, and high-grade specimens or those with rare varieties can command prices ranging from hundreds to hundreds of thousands of dollars. The record auction price for a 1901 Philadelphia Mint Morgan is $587,500, achieved in October 2015 for an MS66 example.
How much is a 1901 dollar coin worth today?
Thanks for asking. $1 in 1901 is equivalent in purchasing power to about $37.82 today, an increase of $36.82 over 124 years. The dollar had an average inflation rate of 2.97% per year between 1901 and today, producing a cumulative price increase of 3,681.94%.
Are coins from 1901 worth anything?
According to the NGC Price Guide, as of August 2025, a Morgan Dollar from 1901 in circulated condition is worth between $45 and $2800. However, on the open market 1901 Silver Dollars in pristine, uncirculated condition sell for as much as $700000.
Where is the mint mark on a 1901 silver dollar?
The mint mark holds a special significance for collectors and numismatists when it comes to Silver Dollars like the iconic Morgan Silver Dollar and the elegant Peace Silver Dollar. On these historic coins, the mint mark can typically be found on the reverse side, just above the denomination.