1881-O $1 Morgan Silver Dollar

wjchess
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Condition:
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“Lightly circulated”
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Located in: Hot Sulphur Springs, Colorado, United States
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eBay item number:176091389040
Last updated on Nov 09, 2025 12:40:12 PSTView all revisionsView all revisions

Item specifics

Seller Notes
“Lightly circulated”
Country of Origin
United States
Denomination
$1
Circulated/Uncirculated
Circulated
Coin
Morgan
Composition
90% Silver, 10% Copper
Year
1881
Strike Type
Business
Mint Location
New Orleans, New Orleans, Louisiana
Category

About this product

Product Information

<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)<br/><br/>Numismatic Information <br/><br/>Hoard coins: Throughout the 1950s, a small but steady stream of Uncirculated 1881-O dollars trickled into the market. Occasionally, a bag would surface and be broken up and absorbed into dealer stocks. Philip Maul advertised rolls of this date in The Numismatist in September 1953. In the same publication in September 1957, Harry J. Forman advised readers that he had 1881-O dollars in quantity. Beginning in October 1962, many additional bags of 1881-O dollars were released by the Treasury Department, a dispersal which continued through at least the summer of 1963. Up to that point, 1881-O dollars were somewhat scarce, although hardly rare, in Mint State preservation. <br/><br/>Circulated grades: High-grade circulated coins are very common (see "Two-Beer" Dollars under Additional Information below), as are well-worn pieces. The "two-beer" dollars came from Federal Reserve branch banks at Helena and Missoula, Montana; others from the Continental-Illinois Bank hoard. <br/><br/>Mint State grades: The 1881-O is very common in lower Mint State grades from MS-60 through 62. At the MS-63 level I estimate that 50,000 to 100,000 exist. In MS-64 it is slightly scarcer but still quite available. In MS-65 grade, well struck, the 1881-O is hard to find. Probably, only 1,000 to 2,000 MS-65 or finer pieces survive. The yellow flag of caution goes up for anyone wanting to buy an MS-65, even a certified or slabbed coin, for an MS-65 is apt to cost many multiples of the price of an MS-64, and the actual technical grade difference is slight. Be careful! <br/><br/>The striking of 1881-O dollars is average. Indi-vidual specimens range from flat to well struck. Cherrypicking will pay dividends with this date.<br/> <br/>Prooflike coins: Prooflike coins are common, but most are in AU or very low Mint State grades. Probably about 4,000 to 8,000 exist MS-60 PL or finer, all but a few being lower than MS-65. Many prooflikes are one-sided. In the DMPL column, the 1881-O is about equally available, but hardly any are better than MS-64 DMPL. The "Proof' in "World's Greatest Collection" (F.C.C. Boyd), at a then very high $50, has not been traced. Nor has the Jack Roe coin at $115 (1945?), reappearing in Bolender's 183rd Sale (2/23/52), at $67.50. All these prices exceeded Philadelphia's Proofs of the period. On the other hand, the one B.M. Douglas advertised in The Numismatist 12/51 at $17.50 was probably a DMPL. <br/><br/>Varieties<br/><br/>Circulation strikes:<br/><br/>1. Normal issue. Medium-size 0 mintmark:Breen-5559. 26 VAM varieties.<br/><br/>2. "1881-O/S" (status controversial): A variety described as 1881-O/S, Breen-5560, has been cited by Walter Breen (B-5560), but has not been confirmed by others. Leroy C. Van Allen and Bill Fivaz each report that they have never seen such a variety; Van Allen suggests that VAM-5 or 9 might be mistaken for an overmintmark. Thomas K. DeLorey believes it is just a repunched O. Jeff Oxman believes that it may indeed by an overmintmark, "but the jury is still out; it has similarities with 1882-O/S varieties.(Bill Fivaz and Leroy C. Van Allen letters to the author, each dated October 31, 1992. Thomas K. DeLorey note received November 1992. Jeff Oxman, letter to the author, November 29, 1992.)<br/><br/>Dies prepared: Obverse: 55; Reverse: 40 <br/><br/>Circulation strike mintage: 5,708,000 <br/><br/>Estimated quantity melted: Unknown, but probably many under the 1918 Pittman Act. <br/><br/>Availability of prooflike coins: AU prooflike coins are common, but there is little demand. Mint State PL and DMPL pieces are readily available but are mostly in lower grade levels.<br/><br/>Characteristics of striking: Average sharpness

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170421864

Product Key Features

Strike Type
Business
Mint Location
New Orleans, New Orleans, Louisiana
Composition
90% Silver, 10% Copper
Year
1881

Dimensions

Weight
26.73g

Additional Product Features

Mintage
578
Mint
New Orleans
Denomination
$1
PCGS Number
7128
Diameter
38.1mm
Mint Mark
O
Edge
Reeded

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wjchess

100% positive feedback•23 items sold

Joined Sep 2008
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4.8
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  • by darmp64-2009
    Feb 08, 2018Top favorable review

    Very happy

    I received my coin one day earlier than expected...same coin as showed in advertisement....very happy with it..i would definitely do business with this store again...i trust them from this purchase...i love the coin...exactly what I was looking for at the right price.

    Verified purchase: YesSold by: njmcoins

  • by us2014-smilo
    Feb 19, 2019

    Beautiful piece of history.

    Beautiful coin and great piece of history. Great value for this year an grade.

    Verified purchase: YesSold by: dpiper

  • by miclet79
    Nov 06, 2019

    1881 New Orleans Mint Morgan

    Beautifully toned coin about uncirculated sold as uncirculated which means no trace of wear

    Verified purchase: Yes

  • by charrijr2
    Jul 23, 2019

    Eye appeal

    Awesome eye appeal some marks on face chieek but fields have nice reflective appearance. Reverse is stuning has proof like reflection very beautiful.

    Verified purchase: YesSold by: timspong

  • by cinschqween184
    Jun 22, 2017

    Morgan Dollar

    I received one of my Morgan Dollars today and it's totally awesome. In perfect condition the pictures don't do it justice. Will be a repeat customer.

    Verified purchase: YesSold by: morgandealer

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