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The 1901 O Morgan Silver Dollar Coin is a highly sought-after collector's item. The coin's value can range from a few hundred dollars to several thousand dollars, depending on its condition and rarity.
A Mint State 1901 O Morgan Silver Dollar in perfect condition can be worth upwards of $1,000. This is a significant increase from its face value, which was only $1 at the time of its minting.
To determine the value of a 1901 O Morgan Silver Dollar, collectors and investors should consider its grade, which is determined by its condition. A higher grade generally means a higher value.
The 1901 O Morgan Silver Dollar is a rare coin, with only a limited number of them in existence. This scarcity contributes to its high value, making it a valuable addition to any coin collection.
Design and Features
The 1901 Morgan dollar is a sturdy coin with a weight of 0.8594 troy ounces (26.73 g), containing 0.77344 troy ounces (24.5 g) of silver.
Its dimensions are substantial, measuring 1.5 inches (38.1 mm) in diameter and 0.09449 inches (2.4 mm) in thickness.
The Reverse
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The reverse of the 1901 Morgan Silver Dollar is a complex and intricate design. It features a centrally positioned eagle holding arrows and an olive twig.
The eagle is surrounded by an inner circle made of a wreath. Above the bird's head is the motto "IN GOD WE TRUST". This motto is a required feature on the coin.
The coin's reverse side also includes inscriptions in an outer circle, listing the coin denomination and country name.
Here are the key details about the reverse of the 1901 Morgan Silver Dollar:
Design and Features
The 1901 Morgan Silver Dollar is a stunning coin with some impressive features. It's made of 90% silver, which is a significant amount of precious metal.
These coins weigh 0.8594 troy ounces, or 26.73 grams, and have a diameter of 1.5 inches and a thickness of 0.09449 inches. That's quite a size, isn't it?
The 1901 Morgan dollars were minted in three locations: Philadelphia, New Orleans, and San Francisco. The Philadelphia mint produced 6,962,000 coins, while the New Orleans mint produced 13,320,000, and the San Francisco mint produced 2,284,000.
Here's a breakdown of the mintage quantities by location:
These coins have a face value of $1.00, but their actual value can be much higher, especially for collectors. The silver bullion value of a 1901 Morgan dollar is $25.27.
Grading and Authentication
The Sheldon scale, established in 1949, was a game-changer for collectors, helping them determine the value of their specimens.
The adapted scale from the 1970s is still a standard today, and it's essential to know your coin scale to determine the exact value of your coin.
American coin grading was challenging in the late 19th century, which is why the Sheldon scale was created.
The Sheldon scale grades coins from Basal State-1 to Mint State 70, with each grade indicating a specific level of condition.
Here's a brief overview of the basic coin grades:
Having your coins graded by a professional company is often the best option, but if that's not feasible, it's essential to carefully analyze every surface of the coin for even the smallest imperfections.
Collectors love Uncirculated coins because they look like brand new coins, while Extremely Fine coins are affordable and in decent condition.
Fine coins are great for collectors who want to put together a complete collection, but Good coins are the worst grade and indicate a coin that has been heavily circulated and shows significant damage.
Value and Pricing
The value of a 1901 O Morgan silver dollar depends on its condition and the level of detail in its minting. Most circulated coins cost between $38 to $75.
The best-preserved coins, graded MS 67, can be worth up to $18,500. However, the rarest and most valuable coins are those graded MS 68, which can fetch a price of $75,000.
Here's a breakdown of the estimated prices for 1901 O Morgan silver dollars in different mint states:
- MS 60: $75
- MS 61: $775
- MS 62: $775
- MS 63: $775
- MS 64: $775
- MS 65: $775
- MS 66: $775
- MS 67: $18,500
- MS 68: $75,000
Value
The value of a 1901 Morgan Silver Dollar can vary greatly depending on its condition and type. Most 1901 Morgan Silver Dollars in circulated condition cost between $50 to $360, depending on the degree of wear and tear.
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The Philadelphia mint produced 6,962,000 Morgan dollars in 1901, and most were realized into circulation. You can expect such coins to cost $50 to $360, depending on the degree of wear and tear.
The value of a 1901 Morgan Silver Dollar also depends on its mint mark. The New Orleans mint had the highest mintage of the 1901 O silver dollars, with 13,320,000 coins produced. Most pieces that spent a long time in circulation cost $38 to $75.
The best-looking silver dollars are rare and come with superior value. You need to spend about $18,500 for pieces in MS 67 grade, while those ranked MS 68 are assessed to be $75,000.
Here's a rough estimate of the value of a 1901 Morgan Silver Dollar in various grades:
Keep in mind that these prices are estimates and can vary depending on the condition and rarity of the coin.
Are O?
Are O Morgan Silver Dollars silver? Yes, they are! Specifically, Morgan Dollars produced in 1901 are 90% silver.
The silver content in these coins is .7735 troy oz or 24.05 grams, which is a significant amount of pure silver.
You can use a tool like CoinTrackers' "Is My Coin Silver?" to determine if your O Morgan Silver Dollar is silver or not.
Rare and Error Coins
The 1901 Morgan silver dollar has a few rare errors that collectors are eager to add to their sets. These errors are limited in number, which is why collectors are willing to pay high sums for them.
The 1901 Morgan silver dollars have a few recognizable errors, and since their number is limited, collectors are prepared to pay high sums to add one of these pieces to their sets.
Most Valuable
The most valuable Morgan Silver Dollars are truly a sight to behold. The 1893 San Francisco Mint Morgan Silver Dollar, for instance, can fetch a whopping $550,000.
Its rarity and condition make it a highly sought-after coin among collectors. In fact, it's one of the most valuable Morgan Silver Dollars in existence.
The 1901 Morgan Silver Dollar is another highly valuable coin, with a price tag of $425,500. This coin was minted in Philadelphia and is highly prized among collectors.
Here are some of the most valuable Morgan Silver Dollars, listed in order of their worth:
These prices are subject to change, as they can fluctuate based on various market factors.
Rare Errors List
The 1901 Morgan silver dollars have a few recognizable errors. Since their number is limited, collectors are prepared to pay high sums to add one of these pieces to their sets.
Some of these errors include the 1901 Morgan silver dollars.
The 1901 Morgan silver dollars have a few recognizable errors.
What's a Dollar Worth?
A 1901 O Morgan Silver Dollar can be worth a pretty penny, depending on its condition. The average value of one in Average Circulated (AC) condition is around $35.00.
The value of a 1901 O Morgan Silver Dollar can vary greatly depending on its condition. One in certified mint state (MS+) condition could bring as much as $155 at auction.
The mint state condition of a 1901 O Morgan Silver Dollar is certified by reputable companies, and only these pieces can reach the highest prices at auctions. The intensive melting of these coins due to their silver content has also contributed to their value.
The total mintage of the 1901 O Morgan Silver Dollar is 13,320,000, which is a significant number considering its value. This coin is one of the most valuable in the series when it's in mint state.
Here's a breakdown of the total mintage of the 1901 Morgan Silver Dollar across different locations:
Frequently Asked Questions
What does an O mint mark mean on a silver dollar?
An "O" mint mark on a silver dollar indicates that it was produced at the New Orleans Mint in Louisiana. This mint mark is one of four unique identifiers found on U.S. coins, each representing a specific mint facility.
What is the 10 most valuable Morgan dollars?
The top 10 most valuable Morgan dollars include the 1895-O & 1895-S, 1895, 1893-CC, 1885-CC, 1894, 1903-S, and 1879-CC, with values ranging from $85 to $700,000. These rare coins are highly sought after by collectors and can command significant prices at auction.
What is the rarest year of the Morgan silver dollar?
The rarest year of the Morgan silver dollar is 1893-S, with a mintage of just 100,000 coins, making it highly sought after by collectors. Its rarity is due to its extremely low production and high demand among collectors.
Sources
- https://www.coinvaluechecker.com/how-much-is-a-1901-silver-dollar-worth/
- https://cointrackers.com/coins/402/1901-o-morgan-silver-dollar/
- https://www.silverrecyclers.com/coins/1901-silver-dollar.aspx
- https://www.jmbullion.com/coin-info/us-silver-dollars/morgan-dollars/1901-morgan-dollar/
- https://bullionsharks.com/1901-morgan-silver-dollar/
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