Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: Philadelphia
Mintage: 9,163,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $18.97 (9/22/2020)
Diameter: 38.1mm
Edge: Reeded
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1881 $1 MS obverse 1881 $1 MS reverse
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Description & Analysis

With a mintage of over 12.7 million coins, the 1881-P Morgan dollar is by no means a rare coin today. In fact, it seems a large number of them survived in original bags until long after they were struck. It is common to find this issue heavily abraded however, which likely occurred when those original bags were moved. Thus, the 1881-P Morgan dollar is common in grades MS63 and below, but becomes increasingly hard to find in higher grades.

GRADE SUMMARY

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Price Guide

Last Updated: 11/21/2019

Click on a price to see historical prices, comparison charts and trends.

1881 $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 28.00 30.00 32.00 35.00 38.00 40.00 42.00 45.00 50.00 54.00 61.00 65.00 85.00 165 475 2000 18000 - - -
$ - - - - - - 62.00 70.00 105 190 775 4750 19750 -
1881 $1 MS PL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 75.00 85.00 135 185 425 2250 4000 - - - -
$ - - - - - - 95.00 155 225 650 - - - -
1881 $1 MS DPL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 150 200 275 650 2000 11000 - - - - -
$ - - - - - - 225 350 875 3500 - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 12775
Low Grade: PrAg
Average Grade: 63
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 9/22/2020 1881 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base2351224193517427311943260135050564631659553---12408
-------------8423072----89
--------------229383----126
-------------1-2-3----6
Total2351224193517427311943260135951204756674633---12629
 0%0%0%0%0%0%0%0%0%1%1%0%2%11%41%38%5%0%0%--- 
1881 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------11121344879461----259
-----------------------
--------------11------2
-----------------------
Total---------11121344889561----261
 ---------0%0%5%5%17%34%36%2%0%---- 
1881 $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----------2418383214-----108
-----------------------
-----------------------
-----------------------
Total-----------2418383214-----108
 -----------2%4%17%35%30%13%----- 

NGC Registry

NGC Registry Score 1881 $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base135143147151159163163163167171179234258288502113825013482637695642165540563
137144148153160163163164168173197242268359714159228284446743813594279570
00000016316416817319724226835971415922828444674381359400
00000016316516917621525027843092620463155541185011762400
1881 $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970
Base155163198198201201201205205230251248298615138121246139109699753139173298861216
157174198199201201202205213237251264403870162834627749109691114120274423970
00000020220521323725126440387016283462774910969111412027400
000000203205221244251281509112518764800935910969125292663100
1881 $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base12313113513914314714714715115516320121623029851714042985613992432106639626
12513213614014414714714815215717520622025237181219314036717313184272520
0000001471481521571752062202523718121931403671731318400
00000014714915316018821122527544411082458508782081712500
Registry Image Gallery
Grade: MS 66
Points: 5087
Owner: AYWP
 
Grade: MS 66
Points: 2985
Owner: Larcoon
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.