The value of an 1881 one-dollar coin, commonly known as the Morgan silver dollar, depends on several key factors:
- Mint Mark: The mint mark, located below the eagle on the reverse, indicates where the coin was produced.
– “CC” (Carson City): These coins are generally the rarest and most valuable. An 1881-CC Morgan dollar in circulated condition is worth between $225 and $505, but in pristine, uncirculated condition, they can sell for as much as $32500.
– “O” (New Orleans): These are also generally more valuable than those from Philadelphia or San Francisco. An 1881-O Morgan dollar in circulated condition is worth between $46 and $63, and in pristine, uncirculated condition, they can sell for as much as $20000.
– “S” (San Francisco): The 1881-S Morgan dollar in circulated condition is worth between $44.50 and $63, while those in pristine, uncirculated condition can sell for as much as $45000.
– No Mint Mark (Philadelphia): These are the most common and generally the least valuable. According to the [NGC Price Guide] , as of August 2025, an 1881 Morgan Dollar from the Philadelphia mint in circulated condition is worth between $44.50 and $63. However, on the open market, 1881 Silver Dollars in pristine, uncirculated condition can sell for as much as $32500.
- Condition/Grade: The better the coin’s condition, the more valuable it will be. Coin grading uses a scale from 1 to 70, with 70 being perfect mint condition. Higher-graded coins, particularly MS65 and above, fetch higher prices.
- Special Designations: Prooflike (PL) and Deep Mirror Prooflike (DMPL) coins have reflective fields and are more desirable than standard Mint State coins, increasing their value.
- Errors and Varieties: Mint errors, such as filled dies or off-center strikes, can significantly increase the value of an 1881 Morgan silver dollar.
- Circulated: $44.50 – $63 (Philadelphia, New Orleans, San Francisco mints), $225 – $505 (Carson City mint)
- Uncirculated: Up to $32500 (Philadelphia), up to $20000 (New Orleans), up to $45000 (San Francisco), up to $32500 (Carson City).
- Melt Value: Around $29.45 – $29.85
Note: It’s important to remember that these are just general guidelines. The actual price of an 1881 Morgan silver dollar can vary based on individual coin characteristics and market demand. If you have a specific coin, it’s recommended to consult with a professional coin appraiser for an accurate evaluation.
How can I tell if my 1881 silver dollar is real?
I can help with that. Metal Composition of Morgan Silver Dollars
An easy way to detect if your coins is fake is to check to see if it’s magnetic. Precious metals, such as gold, silver, platinum and palladium aren’t magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it’s fake.
How do I know if my $1 coin is valuable?
From my experience, The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.