1901 Morgan Silver Dollar
The 1901 Morgan Silver Dollar had just under 7 million total mintage from the Philadelphia Mint. The 1901 Morgan Dollar is a special one, as it is quite rare in Mint State. It is believed that many of these coins went out into circulation shortly after striking, and many that remained behind were melted down due to the provisions of the 1918 Pittman Act. This coin wasn’t recognized for its rarity over the last century. Continue reading to learn more about 1901 Morgan Silver Dollar Value.
AUCTION RECORD: $587,500 • MS66
Image source: PCGS
History of the 1901 Morgan Silver Dollar
The 1901 Morgan Silver Dollar can bring in a pretty penny due to the rarity of the Mint State coins. The circulated coins are also quite expensive due to the lack of supply in Mint State driving up their prices. A majority of the lower Mint State coins have a poor strike and luster. Many are dull and unattractive, and show bagmarks. It’s important to have your 1901 Morgan Dollar authenticated because people have been known to try and remove the O or S mint mark from a 1901 to try and pass it off as this rare Morgan Silver Dollar.
1901 Morgan Silver Dollar Value
The 1901 Morgan Silver Dollar value ranges to upwards of a half a million dollars. These coins aren’t easy to come by, and when you do come by them, they are quite expensive due to the demand of such an elusive piece. Cherrypicking might not be possible with this one, as it isn’t always available to find. But it will definitely add value to your Morgan Dollar series collection, even if it doesn’t add a lot of beauty.
Type of coin: Silver Dollar
Year: 1901 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 6,962,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 27.20 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1901 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1901 edition, is influenced by its mint mark, condition (or grade), rarity, and silver content. The 1901 Morgan Dollar's value is also significantly impacted by specific varieties and recognized errors.
How much is a typical 1901 Morgan Silver Dollar worth?
A typical 1901 Morgan Silver Dollar in circulated condition might be worth around $30 to $60. Uncirculated examples, depending on their grade, can fetch significantly higher prices, particularly for the 1901-S and 1901-O mint marks.
What is the value of an 1901-O Morgan Silver Dollar?
The 1901-O Morgan Silver Dollar, minted in New Orleans, can vary in value from about $35 in lower grades to over $200 for higher uncirculated grades. The value increases significantly for coins in MS65 condition or higher due to their rarity.
Are there any rare varieties of the 1901 Morgan Dollar that significantly impact its value?
The 1901 Morgan Dollar is particularly known for the 1901-P (Philadelphia) variety, which is challenging to find in high grades. While not a variety in the traditional sense, the condition rarity of the Philadelphia issue significantly impacts its value.
What is the highest grade and value achieved by a 1901 Morgan Silver Dollar?
The highest grades for a 1901 Morgan Silver Dollar, particularly the Philadelphia issue, can reach MS65 or higher, with values that can exceed $10,000 due to its rarity in such well-preserved condition.
How does the mint mark affect the 1901 Morgan Silver Dollar value?
The mint mark on a 1901 Morgan Silver Dollar significantly affects its value. The Philadelphia minted coins (no mint mark) are highly valued in higher grades due to their scarcity, whereas the "O" (New Orleans) and "S" (San Francisco) minted coins are more common and thus less valuable in lower grades.
Can the silver content of the 1901 Morgan Silver Dollar influence its value?
While the silver content of the 1901 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market, the numismatic value for collectors, especially for the Philadelphia issue, often far exceeds the melt value.
Where is the best place to sell a 1901 Morgan Silver Dollar?
The best places to sell a 1901 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, and coin shows. Online platforms that specialize in coins can also be effective, provided they cater to serious collectors.
What should collectors look for when purchasing a 1901 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, and any signs of wear or damage. For the Philadelphia minted 1901 Morgan Dollars, finding one in uncirculated condition is particularly valuable.
How should I store my 1901 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1901 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
You may also like: 1892-1915 Barber Half Dollar, 1930-P Standing Liberty Quarter, 1837-1873 Seated Half Dime, 90% Silver Mercury Dime Roll, 1909 VDB Lincoln Penny, 1964 Kennedy Half Dollar, 1883 No Cents V Nickel, Indian Head Cent Roll, Wheat Penny Roll of 50, Barber Half Dollar, 1921 Morgan (Last Year of Issue), 1943 Steel Penny Roll, 1909-1956 Wheat Penny Upstate NY Hoard, buffalo nickel.