1881-O Morgan Silver Dollar Value
Finest Known: MS66 (NGC) MS66+ (PCGS)
Auction Record: $39,950 (MS66+)
Image: USA CoinBook
The 1881-O Morgan dollar saw much of its $5.7 million mintage enter circulation. The economic recovery after the Panic of 1873 increased the demand for currency, and New Orleans was best situated to serve the South. The New Orleans Mint had to increase silver dollar production over the scheduled amount to keep up with demand.
The Value of a 1881-O Morgan Dollar
Even though most 1881-O Morgan dollars entered circulation, examples in low- to mid-Mint State are easy to acquire. Since the finest known 1881-O Morgans are MS66 (40-ish graded) and MS66+ (9 graded), most collectors have to settle for MS65. The relative rarity of this grade explains the tenfold increase in price between the MS65 for this date.
The strike of 1881-O Morgan dollar varies. Similar to most New Orleans mintages, cherrypicking is advised.
1881-O Morgan Dollar Price Guide
|Very Fine 25||Extremely Fine 45||About Uncirculated 55|
|Mint State 61||Mint State 63||Mint State 65||Auction Record (MS66+)|
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.