The 1881 Morgan Dollar is a noteworthy coin for collectors due to its unique features and historical significance. This guide will cover its various aspects, including mintage, market trends, and design details, to help you understand why this coin is highly valued.
Overview of the 1881 Morgan Dollar
The Morgan Dollar was produced at four different mints in 1881: Philadelphia, New Orleans, San Francisco, and Carson City. Each mint had its own production numbers and characteristics, making some versions rarer than others.
Market Data and Noteworthy Specimens
The 1881 Morgan Dollar’s market value has evolved significantly over the years. Below is a table summarizing key sales and current market data for this coin.
| Grade | Certification | Sale Price | Auction Date | Notable Details |
|---|---|---|---|---|
| MS67 | PCGS #25331631 | $20,562.50 | August 2015 | Sold at Stack’s Bowers; one of the highest grades. |
| MS67 | PCGS #25255979 | $28,200 | November 2014 | Crossed from NGC MS67+; notable for its high value. |
| MS67 | PCGS #38998406 | $17,400 | April 2020 | Brilliant with minor planchet voids. |
| MS67 | NGC #448376-013 | $13,200 | January 2018 | Part of the “JC’s Dollars” collection. |
| MS65DMPL | PCGS #3569734 | $19,550 | February 2009 | Light gold tinge, with two deep diagonal scratches. |
| MS65DMPL | PCGS #06594490 | $20,700 | August 2008 | Brilliant, one of the top examples of DMPL. |
Deep Mirror Prooflikes
Deep Mirror Prooflike (DMPL) Morgan Dollars are highly prized among collectors for their reflective surfaces. The following table lists notable DMPL examples of the 1881 Morgan Dollar:
| Grade | Certification | Sale Price | Auction Date | Notable Details |
|---|---|---|---|---|
| MS66DMPL | PCGS #44254598 | $26,400 | January 2023 | Upgraded by 1/2 point; top population example. |
| MS65DMPL | PCGS #3569734 | $19,550 | February 2009 | Mostly brilliant, with light gold tinge at the rim. |
| MS65DMPL | PCGS #06594490 | $20,700 | August 2008 | Brilliant with a slight gold tint. |
Design Features
The 1881 Morgan Dollar features a classic design by George T. Morgan. Here’s a breakdown of its design elements:
| Side | Description |
|---|---|
| Obverse | Features Liberty facing left, with a Phrygian cap and the word “LIBERTY” on a ribbon. Surrounding Liberty are 13 stars and the motto “E PLURIBUS UNUM.” The date “1881” is at the bottom. |
| Reverse | Shows a heraldic eagle with wings spread, clutching an olive branch and arrows. It is encircled by a laurel wreath and has the inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR.” |
| Edge | The edge of the coin is reeded, adding to its distinctiveness. |
Designer
George T. Morgan, the engraver of the Morgan Dollar, was born in Birmingham, England, in 1845. He moved to the United States and worked as an assistant engraver before becoming the Chief Engraver of the Mint in 1917. He passed away in 1925.
Coin Specifications
Here are the specifications for the 1881 Morgan Dollar:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1881 |
| Denomination | One Dollar (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | 9,163,000 |
| Alloy | .900 Silver, .100 Copper |
| Weight | 26.73 g |
| Diameter | 38.10 mm |
| Edge | Reeded |
| OBV Designer | George T. Morgan |
| REV Designer | George T. Morgan |
| Quality | Business Strike |
Conclusion
The 1881 Morgan Dollar remains a cherished coin among collectors due to its historical value and distinctive design. Understanding its market trends, design features, and notable sales can enhance your appreciation of this iconic coin. Whether you’re a seasoned numismatist or a new collector, the 1881 Morgan Dollar offers significant value and historical insight.
FAQ’s
What makes the 1881 Morgan Dollar valuable to collectors?
The 1881 Morgan Dollar is valued for its historical significance and unique design. Variations in mintage and condition, especially for high-grade and Deep Mirror Prooflike examples, contribute to its desirability. The coin’s rarity, especially in high grades, and historical context make it a prized addition to any collection.
How can I determine the value of my 1881 Morgan Dollar?
The value of an 1881 Morgan Dollar depends on its condition, grade, and mintmark. Coins graded higher, such as MS67 or DMPL (Deep Mirror Prooflike), are worth significantly more. Professional grading services like PCGS or NGC can provide an accurate assessment and help you understand its market value.
What are the key design features of the 1881 Morgan Dollar?
The 1881 Morgan Dollar features a left-facing Liberty head on the obverse, adorned with a Phrygian cap and surrounded by 13 stars. The reverse showcases a heraldic eagle holding an olive branch and arrows, with the inscriptions “UNITED STATES OF AMERICA” and “ONE DOLLAR.” The coin’s edge is reeded.