The 1901 Morgan silver dollar value will vary depending on the silver price on the precious metal market and the demand level. However, you should also consider the mint mark struck on the coin reverse and its condition.
Collectors value pieces produced in various mints differently and are willing to pay more for highly rated specimens. Remember that even the worst Morgans are worth something because of silver content, but those in the mint state have additional collectible value.
1901 Morgan Silver Dollar History
Designer George T. Morgan created the silver dollar named after him in 1878, and the production lasted by 1904. You can see Lady Liberty on the obverse with the date, inscription LIBERTY, and saying E PLURIBUS UNUM.
The reverse contains an eagle with outstretched wings, wreath, denomination, and inscriptions IN GOD WE TRUST and the UNITED STATES OF AMERICA.
1901 Morgan silver dollar |
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| Location | Year | Minted |
| Philadelphia | 1901 | 6,962,000 |
| Philadelphia | 1901 proof | 813 |
| San Francisco | 1901 S | 2,284,000 |
| New Orleans | 1901 O | 13,320,000 |
| Total | / | 22,566,813 |
Five mints produced Morgan silver dollars, including:
- Philadelphia
- Carson City
- Denver
- New Orleans
- San Francisco
However, only three minted this coin in 1901, so you can find specimens without the mint mark, and those with O and S mint marks struck on the reverse.
1901 Morgan silver dollar |
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| Face value | $1 |
| Compound | 90% silver with 10% copper |
| Coin weight | 0.85939 troy ounces (26.73 g) |
| Coin diameter | 1.5Â inches (38.1 mm) |
| Coin thickness | 0.09449 inches (2.4 mm) |
| Shape | Round |
| Edge | Reeded |
The 1901 Morgan silver dollar is among the rarest pieces in the series in uncirculated condition, and only the 1896 O is rarer at the gem level. The reasons are long circulation and melting under the Pittman Act of 1918.
1901 Morgan silver dollar value* |
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| Quality | 1901 | 1901 DDO | 1901 S | 1901 O |
| Good | $45 | $318 | $38 | $28 |
| Very good | $49 | $359 | $45 | $34 |
| Fine | $56 | $389 | $49 | $40 |
| Very fine | $61 | $434 | $56 | $46 |
| Extra fine | $138 | $1,233 | $76 | $48 |
| AU | $318 | $2,141 | $234 | $51 |
| MS 60 | $3,320 | $5,134 | $540 | $61 |
| MS 65 | $421,130 | / | $3,771 | $212 |
| PR 63 | $3,718 | / | / | / |
*by USA Coin book
Most of these coins will cost more than spot silver and be affordable in lower grades. However, those in the mint state can be worth a fortune.
1901 Morgan Silver Dollar Types
1901 Morgan silver dollar
The Philadelphia mint produced 6,962,813 Morgan silver dollars in 1901, but less than 200 pieces above MS 62 have survived until today.
The most expensive coin is the only surviving MS 66 Morgan sold for $587,500 in 2015. On the other hand, no rare MS 65 pieces have appeared at auction in the last decade.
1901 proof Morgan silver dollar
The Philadelphia mint produced only 813 proof Morgans in 1901, and each remaining specimen will cost you $2,250 to $33,600, depending on the condition. Coins with cameo contrast are even more pricey and can reach $48,000 in PR 68 state.
1901 proof Morgan silver dollar value* |
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| Quality | 1901 | 1901 CAM | 1901 SCAM |
| PR 60 | $2,250 to $2,440 | / | / |
| PR 61 | $2,750 to $3,000 | $3,020 to $3,300 | / |
| PR 62 | $3,060 to $3,310 | $3,300 to $3,640 | / |
| PR 63 | $4,120 to $4,440 | $4,850 to $5,100 | / |
| PR 64 | $5,000 to $5,440 | $5,500 to $6,500 | / |
| PR 65 | $6,500 to $7,480 | $8,440 to $9,700 | / |
| PR 66 | $7,800 to $8,980 | $10,000 to $11,900 | $ 42,000 |
| PR 67 | $15,600 to $19,200 | $36,000 to $42,000 | / |
| PR 68 | $26,400 to $33,600 | $42,000 to $48,300 | / |
*by Greysheet
1901 S Morgan silver dollar
The San Francisco mint produced a modest number of 2,284,000 Morgan dollars in 1901, but they are not the rarest. You can buy a piece in low grade for $40 to $200, while those in the mint state can be worth hundreds or even a few thousand dollars.
1901 Morgan silver dollar value* |
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| Year | Quality | |||
| Good | Fine | Extra fine | Uncirculated | |
| 1901 | $24.2 | $29.93 | $114 | $2,940 |
| 1901Â S | $25.33 | $28.2 | $43.7 | $428 |
| 1901Â O | $23.12 | $24.2 | $25.3 | $44.3 |
*by CoinStudy
1901 O Morgan silver dollar
New Orleans minted 13,320,000 Morgans in 1901. Their value varies from $40 for a piece in very fine condition to $160 for those in MS 65 grade.
1901 Morgan Silver Dollar Rarities and Key Dates
Nowadays, you can find 96 different mint mark and date combinations in the series and the hundreds of VAMs referring to the initials of two collectors who cataloged them, Leroy Van Allen and George Mallis.
The 1901 DDR Morgan silver dollar (VAM-3) has a prominent eagle slightly shifted upwards on the coin reverse. As a result, you can notice the doubling of its lower beak, all feathers, or arrows it holds in claw.
1901 VAM Morgan silver dollar value* |
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| Quality | 1901 DDR VAM-3 | 1901 VAM-5 doubled ear |
| Good | $130 to $143 | / |
| Very good | $162 to $239 | / |
| Fine | $260 to $374 | $108 to $122 |
| Very fine | $488 to $748 | $143 to $162 |
| Extra fine | $845 to $1,100 | $207 to $317 |
| AU | $1,340 to $11,200 | $500 to $1,820 |
| MS 60 | $30,000 to $34,500 | $6,250 to $7,190 |
| MS 61 | $38,400 to $44,200 | $8,750 to $11,100 |
| MS 62 | $43,200 to $49,700 | / |
*by Greysheet
Business-strike PL (proof-like) Morgan silver dollars have mirrored fields that resemble proof coins. This proof-like effect results from new or recently polished older dies use.
1901 PL Morgan silver dollar value* |
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| Quality | 1901 PL | 1901 S PL | 1901 O PL |
| MS 63 | $26,400 to $30,400 | $1,380 to $1,580 | $128 to $148 |
| MS 64 | / | $3,440 to $3,950 | $203 to $233 |
| MS 65 | / | $8,250 to $9,490 | $644 to $740 |
*by Greysheet
Finally, you can also find DMPL (deep mirror proof-like) Morgans minted for circulation with atypically mirror-like fields and frosted surfaces. Those coins are the most desired pieces in the series.
1901 DMPL Morgan silver dollar value* |
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| Quality | 1901 DMPL | 1901 S DMPL | 1901 O DMPL |
| MS 61 | $ 30,000 | / | / |
| MS 62 | / | $5,000 to $6,880 | $ 390 |
| MS 63 | / | $10,200 to $12,000 | $520 to $650 |
| MS 64 | / | $19,200 to $22,100 | $1,150 to $1,380 |
| MS 65 | / | $24,600 to $28,300 | $10,000 to $12,000 |
| MS 66 | / | $43,200 to $49,700 | $14,400 to $18,000 |
*by Greysheet
GSA Morgans were discovered in the 1960s in government vaults. Those still packaged in specific plastic cases marked with a GSA logo are highly desirable and expensive these days.
1901 Morgan Silver Dollar Grading
It is tricky to determine the degree of coin wear, so you should follow precise guidance when doing that on your own. Always thoroughly examine your 1901 Morgan silver dollar condition since its price depends on the grade.
Uncirculated – A coin in an original mint state didn’t spend a day in use. There are no signs of wear, and its luster and texture are still intact.
Always thoroughly check Liberty’s chin, neckline, and ear since they are the first to show a dull and smooth appearance. As you can guess, collectors highly appreciate such specimens as the best pieces available.
1901 Morgan silver dollar value* |
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| Quality | 1901 | 1901 DDO | 1901 S | 1901 O |
| Very fine | $50 | $300 | $50 | $27 |
| Extra fine | $115 | $800 | $60 | $29 |
| AU | $380 | $2,250 | $245 | $30 |
| MS 63 | $17,000 | $14,000 | $760 | $45 |
| MS 65 | $300,000 | $30,000 | $2,999 | $110 |
*by COIN HelpU
Extra fine – Such a coin circulated for only a short time and showed only slight signs of wear above Liberty’s forehead and light hair’s flattening. Since it is in decent condition and affordable, many collectors on the budget and novices look for such a piece.
Fine – Since some details on the coin surface disappeared during circulation, you will see merged hair wisps, while the cotton blossoms are only outlines. Many details are lost but not overly so.
1901 Morgan silver dollar value* |
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| Quality | 1901 | 1901 S | 1901 O |
| Good | $44.55 to $55 | $40.50 to $52 | $40.50 to $52 |
| Very good | $47.25 to $60 | $45.90 to $57 | $45.90 to $57 |
| Fine | $54 to $68 | $49,95 to $60 | $48.60 to $58 |
| Very fine | $81 to $122 | $81 to $122 | $49.28 to $59 |
| Extra fine | $188 to $289 | $156 to $195 | $51 to $61 |
| AU | $455 to $1,620 | $299 to $673 | $57 to $75 |
| MS 60 | $5,000 to $5,310 | $741 to $852 | $68 to $81 |
| MS 61 | $5,100 to $5,620 | $748 to $860 | $68 to $81 |
| MS 62 | $6,560 to $7,060 | $812 to $934 | $72 to $86 |
| MS 63 | $8,750 to $10,900 | $1,220 to $1,380 | $101 to $111 |
| MS 64 | $49,200 to $63,000 | $1,880 to $2,060 | $122 to $130 |
| MS 65 | $510,000 to $586,500 | $3,120 to $3,380 | $247 to $266 |
| MS 66 | $660,000 to $759,000 | $8,440 to $9,380 | $682 to $785 |
| MS 67 | / | $36,000 to $42,000 | $19,900 to $30,000 |
| MS 68 | / | / | $54,000 to $66,000 |
*by Greysheet
Good – It is the worst grade any collectible coin can get. These pieces spent years in use, and you can notice scratching on the surface and sometimes even bending. Liberty outlines in low relief without beautiful details, and only a few flattened curls have remained behind her ear.
Summary
The 1901 Morgan silver dollar is 120 years old, and not many remained in the mint state. Always carefully check a piece you want to buy to spot even the tiniest imperfections. This piece will be worth money even in the worst possible condition, while you should add collectible value to better coins.
