1881-O Morgan Silver Dollar

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. 


1881-O Morgan Silver Dollar Value

The 1881-O Morgan Silver Dollar value ranges from less than a hundred dollars for lower grades to upwards of the thousands for higher grades. The 1881 Morgan Silver Dollar is the fourth year this coin was released. This coin makes a great addition to any Morgan Dollar series collection, and is also a more affordable option compared to the highly sought after 1881-CC Morgan Silver dollar. 


Type of coin: Silver Dollar

Year: 1881-O Morgan Silver Dollar 

Morgan Silver Dollar Mint Mark: New Orleans

Total mintage: 5,708,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 26.73 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters