The 1881 Morgan Dollar is an important piece of American coinage that many collectors seek. It features a beautiful design and a rich history, making it a favorite among numismatists. In this guide, we’ll explore what makes the 1881 Morgan Dollar special, including its features, history, and market trends.
What is the Morgan Dollar?
The Morgan Dollar was minted in the United States from 1878 to 1904 and again in 1921. It was designed by George T. Morgan, who wanted to create a coin that represented liberty and strength. The 1881 version was minted at four different locations, and each has its own unique characteristics.
Different Versions of the 1881 Morgan Dollar
| Mint Mark | Description | Rarity |
|---|---|---|
| 1881-CC | Carson City Mint, rare with a mintage of 296,000 coins | Rare |
| 1881-S | San Francisco Mint, the most attractive and commonly found | Common |
| 1881-O | New Orleans Mint, often appears dull | Less Common |
| 1881-P | Philadelphia Mint, available in good numbers | Common |
Market Data and Collecting Tips
Collecting 1881 Morgan Dollars can be rewarding. Here are some tips based on historical market data:
- In the late 1940s and early 1950s, dealers offered uncirculated examples for prices ranging from $1.90 to $2.50, showing how collectible they were even then.
- Coins in higher grades, like MS66 and above, are rarer and can command much higher prices. For example, top-grade coins have sold for over $20,000 at auctions.
- The 1881 Morgan Dollar can still be affordable for collectors who are looking for pieces in MS64 grade or lower.
The Design of the 1881 Morgan Dollar
Obverse (Front)
The front of the 1881 Morgan Dollar features:
- Liberty’s Head: Liberty faces left and wears a Phrygian cap, symbolizing freedom.
- Inscriptions: “LIBERTY” is written on a ribbon around her head, and “E PLURIBUS UNUM” is at the top.
- Stars: There are 13 stars around Liberty, representing the original 13 colonies.
Reverse (Back)
The back of the coin shows:
- Eagle: A heraldic eagle with outstretched wings represents strength.
- Motto: “IN GOD WE TRUST” is located above the eagle.
- Olive Branch and Arrows: The eagle holds an olive branch for peace and arrows for defense.
Edge
The edge of the coin is reeded, which helps prevent counterfeiting.
Why Collect the 1881 Morgan Dollar?
The 1881 Morgan Dollar is not just a coin; it’s a piece of history. Collectors love it for its design, the story behind its minting, and its role in American currency. Whether you are a beginner or an experienced collector, the 1881 Morgan Dollar can be a valuable addition to your collection.
Conclusion
In summary, the 1881 Morgan Dollar is a fascinating coin that captures the spirit of its time. Its variety among mint marks, along with its beautiful design and historical significance, make it a popular choice for collectors. Whether you’re interested in the coin for investment or as a collectible, understanding its background and features can enhance your appreciation of this iconic piece of American history.
FAQ’s
What is the value of an 1881 Morgan Dollar?
The value of an 1881 Morgan Dollar varies based on its condition and mint mark. Common examples can be found for around $20 to $100, while rare versions in high grades can sell for thousands of dollars.
How can I tell if my 1881 Morgan Dollar is genuine?
To determine if your 1881 Morgan Dollar is genuine, look for key features like the clear inscriptions, detailed designs, and reeded edges. It’s best to consult with a coin expert or use professional grading services for a thorough evaluation.
Where were the 1881 Morgan Dollars minted?
The 1881 Morgan Dollar was minted at four locations: Philadelphia (no mint mark), San Francisco (S), New Orleans (O), and Carson City (CC). Each mint produced coins with slightly different characteristics.
