Coin Values Moving with Precious Metals: Up-Dated 12/9/2024: Gold $2645 | Silver $31.20
1901 Morgan Silver Dollar Value
Part of your 1901 Morgan silver dollar value rises and falls with silver value. Currently minimum value of your coin is $31.32 .
A good example of how the value of your coin rises separately of silver is mintmarks. These small marks used to identify mints striking 1901 dollars each have a different value to a collector. You can easily identify the mint of your coin by finding a particular mintmark on the reverse. A close-up image of its location is just after the value chart.
Next to consider is condition. Collectors and their desires hold the key to this next part of the value equation. Simply stated, nice condition 1901 silver dollars enjoy a collector value premium. Realize your 1901 is not encountered as often as other dates especially in top condition. Have a look at the image to the right. This gem quality silver dollar is prized by collectors and valued highly.
With condition so important to value, give "grading" your coin a try. See the section below, with a little comparison; it gives an insight to how your coin is viewed by collectors.
Morgan dollars are very popular, studied closely and widely collected. Your 1901 silver dollar does have added potential value. As a collector would, use the three major criteria found on the coin and determine its true worth; date, mintmark and condition.
Scarcity and demand combine to raise the minimum value of 1901 silver dollars minted at the Philadelphia mint. An absence of a mintmark indicates the Philadelphia coin. Two other mints struck 1901 dollars; San Francisco used an "S" and New Orleans an "O" mintmark. Location of these marks is the area above the DOL in Dollar.
| 1901 Morgan Silver Dollar Values | ||||
|---|---|---|---|---|
| Condition of Coin | ||||
| Date | Good | Fine | Extremely Fine | Uncirculated |
| 1901 Morgan Silver Dollar Values Updated | 12/9/2024 | |||
| 1901 | $32.75 | $40.55 | $160 | $3,473 |
| 1901 O | $31.32 | $32.75 | $34.31 | $60.01 |
| 1901 S | $34.31 | $38.21 | $59.27 | $546 |
Auction Results of a Rare 1901 Morgan Silver Dollar
Pictured is a classic and rare Morgan silver dollar, minted in 1901 at the Philadelphia mint and still in uncirculated condition. Using these three top value factors; date, mint and condition it is recognized a scarce coin. What takes this coin to the "rare" level is collector's appreciation of subtle elements that are rarely found on 1901 silver dollars.
Because of study, collectors realize, examples with a bold strike are rare. Liberty is often lacking detail because of a soft strike during minting. This coin is notable for the crisp detail within the design.
Next, surface preservation is closely inspected. Although many nicks and abrasions to the surface are apparent, they are light in nature and not severe. Given the large size of silver dollars contact marks from each other are usually large and deep. This 1901 dollar is a rare exception.
Additionally, quality of mint luster is outstanding. Adding to eye appeal, a bright white radiates across the surface enhancing its satiny texture. With all these factors combined an easy choice for collectors.
Proven rarity, popular series and placed in a quality auction setting resulted in a top price. 1901 Morgan silver dollar value in rare choice condition reached $2,760 at a David Lawrence rare coin auction. Meeting all major and subtle value factors, it is a desirable coin.
Key to 1901 Silver Dollar Value is Judging Condition
The degree of wear (hopefully none at all) is a little hard to gauge but is one step that needs attention. Following the lead of collectors, examine the condition of your 1901 dollar closely. As you compare your coin to the images, a close match of its condition becomes apparent. This process determines the "grade" and using the above chart identifies accurate 1901 Morgan silver dollar value.
Uncirculated: To reach "uncirculated" condition all original, as minted detail remains. None has been removed due to wear. OK are nicks and abrasions from contact with other coins, this is normal due to the minting and storage process of silver dollars. Confirming the uncirculated grade is mint luster remaining on the entire surface, including her chin, neck line and hair below and above the ear. These areas are the first to wear and exhibit a dull and smooth texture once in circulation.
Extremely Fine: As silver dollars begin to show slight wear their condition is graded as "extremely fine." Noticeable within the hair above Liberty's forehead and behind her neck, flattening is evident. Wear and loss of roundness also shows atop the folds of her cap. Your coin in this condition is still very sharp and crisp.
Fine: Time in circulation has removed a moderate amount of detail on a silver dollar in "fine" condition. Large portions of hair have merged with only the deepest of lines showing. Wheat ears above the lettering of "Liberty" and the cotton blossoms just below are now just outlines. Silver dollars in fine condition give the impression of lost detail but not overly so.
Good: Noticeable, heavy wear has reduced the entire design to just a few elements. A silver dollar with extensive wear is designated as "good" condition. Wear has removed most detail leaving Liberty as an outline in low relief. Remaining are a few and now flattened hair curls showing behind her neck and ear. In this condition your 1901 Morgan silver dollar value moves with bullion silver price.
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Silver Dollar Values | Charts Covering Years 1794-1935
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Safe Coin Storage | Recommendations
Recommendations on basic supplies that greatly improve coin storage. Providing for safe handling, preserving of value and organizing your box of old coins. Old silver dollars need a certain amount of careful handling to maintain their appeal to collectors. Housing them safely is covered in the Safe Coin Storage article.