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1901 Morgan Silver Dollar Value

1901 Morgan dollar value guide -- common in circulated grades, a genuine rarity in uncirculated condition.

1901 Morgan Silver Dollar obverse
1901 Morgan Silver Dollar reverse
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Year
1901
Mint mark
None (Philadelphia)
Composition
90% silver, 10% copper
Mintage
6,962,000

Current value

Typical circulated
$111
Uncirculated (low)
$4,985
Uncirculated (high)
$403,381

Note: a full grade-by-grade breakdown for this coin is still being compiled.

Source: USA Coin Book, https://www.usacoinbook.com/coins/3287/dollars/morgan/1901-P/ (retrieved 2026-08-21)

Why it matters

A condition rarity, not a mintage rarity -- millions were struck, but genuine uncirculated survivors are extremely scarce, unlike most Philadelphia-mint Morgans.

The jump from ~$111 in average circulated condition to over $400,000 in top uncirculated grades is one of the largest grade-to-grade value gaps in the series.

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Buying a morgan silver dollar

Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.

Grade before you price it

The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.

Check for authentication

A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.

Compare a few listings

Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.

Common questions

About the 1901 Morgan Silver Dollar

How much is a 1901 Morgan Silver Dollar worth?

A typical circulated example brings around $111, with uncirculated examples ranging from $4,985 to $403,381.

What makes the 1901 Morgan Silver Dollar valuable?

A condition rarity, not a mintage rarity -- millions were struck, but genuine uncirculated survivors are extremely scarce, unlike most Philadelphia-mint Morgans.

Should I get it professionally graded?

For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.


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