1881 Morgan Silver Dollar

The 1881 Morgan silver dollar is a key coin in the Morgan dollar series, which was minted from 1878 to 1904 and again in 1921.

Designed by George T. Morgan, this silver dollar features Liberty on the obverse and an eagle with outstretched wings on the reverse.

This coin, produced primarily at the Philadelphia Mint, has become highly collectible, known for its silver content and historical significance in American numismatics.

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Historical Context

The Morgan silver dollar was created to capitalize on the rich silver deposits of the late 19th century and was minted to facilitate commerce and reinforce the silver mining industry.

The 1881 Morgan silver dollar was minted at several U.S. Mint locations, including Philadelphia, New Orleans, and San Francisco. George T. Morgan’s design replaced the more traditional Seated Liberty dollar, and its striking design and large size made it a favorite among collectors.

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Specifications:

Size: 38.1 millimeters
Denomination: $1
Gross Weight: 26.73 grams
Actual Silver Weight: 0.77344 troy ounces
Fineness/Composition: 90% silver, 10% copper
Diameter: 38.1 millimeters
Thickness: 2.4 millimeters
Specific Gravity: Approximately 10.34

Coin Description:

The obverse of the 1881 Morgan silver dollar features a profile of Liberty, wearing a Phrygian cap adorned with wheat and cotton, symbols of American agriculture. The reverse shows a bald eagle clutching arrows and an olive branch, surrounded by a wreath, symbolizing peace and strength.

The inscriptions on the obverse include "LIBERTY," "E PLURIBUS UNUM," and the date "1881." The reverse reads "UNITED STATES OF AMERICA," "IN GOD WE TRUST," and "ONE DOLLAR."

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Cultural and Numismatic Significance:

The 1881 Morgan silver dollar is a popular coin among collectors for its design, history, and silver content. Its appeal lies in both its role as a representation of American economic history and its intricate design. Coins from this series, especially in high grades or with special mintmarks (such as the "CC" Carson City mint), are highly sought after by numismatists. This coin also holds importance due to its connection to the bimetallic monetary debates of the time and the boom in silver mining.

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Numismatic Value:

The value of an 1881 Morgan silver dollar depends on its condition and mintmark. Circulated coins typically sell for a small premium above their silver melt value, around $20–$30. Uncirculated coins, especially those graded MS-65 or higher, can fetch significantly higher prices, often ranging from $150 to $500 or more.

Proof and rare varieties like the 1881-CC can command even higher prices, sometimes exceeding $1,000 depending on their condition and eye appeal.

Free Appraisal With No Obligation To Sell

Take the first step toward selling your silver coins by getting a free appraisal today. Our process is designed to be transparent, convenient, and stress-free, giving you the confidence to sell when you’re ready.

At Coinfully, we’re committed to helping you get the most for your silver coins—all from the comfort of your home.

Frequently Asked Questions (FAQs)

How do I know I’m getting a fair price for my silver coins?

At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of silver, including the silver content of your coins, and the numismatic value of collectible coins. We provide a detailed explanation of how we arrive at your offer, ensuring that you’re fully informed and confident in the price you receive.

Is my shipment insured when I send my coins to Coinfully?

Yes, we provide full insurance coverage for your shipment. Whether you’re sending silver bullion coins, junk silver coins, or American Silver Eagle coins, your coins are protected throughout the entire shipping process, giving you peace of mind that your valuable items are safe.

What types of silver coins does Coinfully buy?

We buy all types of U.S. silver coins, including American Silver Eagle coins, silver dollar coins, silver bullion coins, junk silver coins, and other collectible coins. No matter the type or condition, we’re interested in purchasing your coins, whether you’re looking to sell silver coins for melt value or as collectible items.

What if I’m not ready to sell after receiving an appraisal?

There’s no obligation to sell your coins after receiving an appraisal from Coinfully. We offer a free, no-pressure appraisal service to help you understand the value of your collection. You can decide to sell when you’re ready, without any pressure from us.

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