1881-O Morgan Silver Dollar

The 1881-O Morgan Silver Dollar is a relatively common among circulated and uncirculated coins on the market. During and throughout the 1950s, many of the 1881-O Morgan Dollars were released slowly into the market. In 1962, even more uncirculated bags of Mint State 1881-O Morgan Silver Dollars were released onto the market by the Treasury Department. Up to that point, this coin had been viewed as scarce in preserved Mint condition.

History of the 1881-O Morgan Dollar

The 1881-O Morgan Silver Dollar worth depends on the grade and how hard it is to find. Well-struck higher grades are typically more difficult to get your hands on compared to lower grades. The striking for these coins at New Orleans is average, ranging from flat to well-struck. Those who enjoy cherrypicking will find that it pays off with this particular coin.

At the time, Philadelphia needed to increase its coinage of gold, so New Orleans increased its coinage of silver while Philadelphia’s coinage of silver lessened. The strike of the New Orleans Morgan Dollars was decent, and many of these coins were only in circulation for a moment before being returned to the New Orleans Mint. These hardly circulated coins were some of the last to be released in 1962.